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Sridhar Vembu

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Sridhar Vembu
Born 1968 (age 55–56)
Tanjore , Tamil Nadu , India
Alma mater Princeton University (PhD)
Occupation CEO of Zoho Corporation [1]
Spouse Pramila Srinivasan
Relatives Radha Vembu (sister)
Honours

Sridhar Vembu (born 1968) is an Indian billionaire business magnate and the founder and CEO of Zoho Corporation . [2] According to Forbes , he is the 55th richest person in India with a net worth of $3.75 billion, as of 2021. [3] He was awarded India's fourth highest civilian award, the Padma Shri , in 2021. [4] [5]

Early life

Vembu was born in 1968 in a middle class Tamil Brahmin family, in a village in Thanjavur district , Tamil Nadu . [6] [7] [ citation needed ] He graduated with a bachelor's degree in Electrical Engineering from the Indian Institute of Technology, Madras in 1989, and earned his MS and PhD degrees from Princeton University in New Jersey . [6]

Career

Vembu launched his professional career working for Qualcomm as a wireless engineer in San Diego, California , before moving to the San Francisco Bay Area . He has lived in San Jose and Pleasanton. [6]

In 1996, Vembu, along with two of his brothers, founded a software development house for network equipment providers called AdventNet. [6] [8] The company was renamed Zoho Corporation in 2009, focusing on providing SaaS support to Customer relationship management services. [6] [2] Vembu moved to Tenkasi, India in 2019. [9] As of 2020, he held an 88 per cent stake in the company. Forbes estimated his net worth at USD $2.44 billion. [2] [10] In 2021, Sridhar Vembu was appointed to National Security Advisory Board . [11] Despite being a unicorn , Zoho has been completely bootstrapped by Vembu and his co-founder Tony Thomas to avoid external influence. [12]

Social entrepreneurship

Sridhar Vembu is noted [ further explanation needed ] for taking software and product development functions from urban centres into rural villages in India. Specifically, his company, Zoho, established its offices in rural Mathalamparai, Tenkasi district , Tamil Nadu and in suburban Renigunta , Andhra Pradesh . [6] [13] He moved from the Bay Area to Mathalamparai at this time. [14]

In 2004, he set up Zoho Schools [ clarification needed ] to provide vocational software development education to rural students as an alternative to formal university education. [15] A statement from the company states that 15 to 20 per cent of its engineers have no college degree, but have received vocational education from Zoho Schools. [6] In 2020, he announced a "rural school startup" focused on free primary education. [14] [8]

Political views

A former Zoho product marketing manager resigned in October 2018 after a dispute with Vembu over the employee's post on the company's intranet discussion forum. [16] The employee stated that Vembu was hostile to him for criticising the Rashtriya Swayamsevak Sangh (RSS), a Hindu nationalist paramilitary organisation. [17] [18]

In January 2020, Vembu met with criticism after he attended, as the guest of honour , a high-profile event organised by the RSS. [19] [20] [21] Vembu defended his participation as a matter of his personal choice. [22] [23] [24]

Honours

Vembu was awarded the 2019 Ernst & Young "Entrepreneur of the Year Award" in India. [25] He was also the recipient of the Padma Shri , India's fourth highest civilian honour, in 2021. [26] He has also been selected as CNN-News18 Indian of the Year 2022. [27] He was also appointed to the National Security Advisory Board (NSAB) of India in 2021 [28] [29]

References

  1. ^ Waters, Cara (19 April 2019). "Barefoot billionaire: Sridhar Vembu built a tech giant you've never heard of" . The Sydney Morning Herald .
  2. ^ a b c Waters, Cara (19 April 2019). "Barefoot Billionaire: Sridhar Vembu Built a Tech Giant You've Never Heard Of" . The Sydney Morning Herald . Retrieved 24 October 2020 .
  3. ^ "Forbes India Rich List 2020 - Forbes India Magazine" . Forbes India . Retrieved 28 December 2020 . >
  4. ^ "PIB Press Release: This Year's Padma Awards announced" . Pib.nic.in . Retrieved 2 February 2011 .
  5. ^ "Shinzo Abe, Tarun Gogoi, Ram Vilas Paswan among Padma Award winners: Complete list" . The Times of India . 25 January 2021 . Retrieved 25 January 2021 .
  6. ^ a b c d e f g "Cover Story: Sridhar Vembu's Vision From The Village" . Forbes India . Retrieved 24 October 2020 .
  7. ^ Rajasimhan, T. E. "Made in India, Taking on the World" . @businessline . Retrieved 24 October 2020 .
  8. ^ a b "This Silicon Valley Star Worth $2.5 Bn Is Moving Back To His TN Village To Teach Kids For Free" . IndiaTimes . 10 October 2020 . Retrieved 24 October 2020 .
  9. ^ "54-yr-old who left Silicon Valley for TN village looks to nurture local talent" . Hindustan Times . 20 February 2021 . Retrieved 31 January 2023 .
  10. ^ "Sridhar Vembu & Siblings" . Forbes . Retrieved 24 October 2020 .
  11. ^ "Zoho's Sridhar Vembu appointed to Doval-led National Security Advisory Board" . The Economic Times . Retrieved 12 March 2021 .
  12. ^ "Oleg Lights interviews billionaire bootstrapper Sridhar Vembu" . Let's Bootstrap . Retrieved 6 June 2023 .
  13. ^ Anand, N. (15 August 2020). "Staff Preference is for Small, Rural Offices: Sridhar Vembu" . The Hindu . ISSN   0971-751X . Retrieved 24 October 2020 .
  14. ^ a b "Silicon Valley Star is Now Teacher in Tamil Nadu" . The Indian Express . 10 October 2020 . Retrieved 24 October 2020 .
  15. ^ "For Zoho founder Sridhar Vembu, community and company go hand-in-hand" . The New Indian Express . Retrieved 2 February 2021 .
  16. ^ Vaitheesvaran, Bharani. "My views, my events: Zoho Chief Vembu asserts after tweet rage over RSS event" . The Economic Times . Retrieved 12 May 2022 .
  17. ^ Madhok, Diksha. "How to talk about Modi with your boss" . Quartz . Retrieved 12 May 2022 .
  18. ^ Diksha Madhok, qz com. "Not safe for work: In polarised India, should you talk politics with your colleagues?" . Scroll.in . Retrieved 12 May 2022 .
  19. ^ Lormen, Abigale (9 January 2020). "Accenture India MD backs out of attending RSS event in Chennai" . Times of India . Retrieved 9 January 2020 .
  20. ^ Quint, The (7 January 2020). "#BoycottZoho Trends After CEO Accepts Invite to RSS Event" . The Quint . Retrieved 7 January 2020 .
  21. ^ Chennai, PTI (8 January 2020). "Accenture boss clears RSS air" . The Telegraph . Retrieved 9 January 2020 .
  22. ^ Bhalla, Kritti (7 January 2020). "Zoho CEO Defends Attending RSS Event Amid Twitter Outrage" . Inc42 . Retrieved 7 January 2020 .
  23. ^ Singh, Upneet (7 January 2020). "Zoho CEO defends proposed attendance at Indian right wing organisation event amid severe backlash" . The Tech Portal . Retrieved 9 January 2020 .
  24. ^ Koshi, Luke (6 January 2020). "Zoho CEO slammed for being guest at RSS event, he retorts that he works as per conscience" . The News Minute . Retrieved 9 January 2020 .
  25. ^ "Sridhar Vembu" . www.ey.com . Retrieved 24 October 2020 .
  26. ^ "Zoho founder among Padma awardees" . @businessline . Retrieved 25 January 2021 .
  27. ^ "CNN News18 Indian of The Year 2022: Zoho Co-Founders Sridhar Vembu and Tony Thomas Win "Start-ups" Award" . News18 . Retrieved 28 January 2023 .
  28. ^ "Zoho's Sridhar Vembu Appointed To National Security Advisory Board" . 3 February 2021.
  29. ^ "Zoho's Sridhar Vembu appointed to Doval-led National Security Advisory Board" – via The Economic Times.
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