They have reached to a point where Marc Benioff CEO, Salesforce.com is desperate to buy Zoho, given their nervousness of getting out-beaten. The court issued an arrest warrant against him and blocked his blog for the crime. Vembu runs the in-house Zoho University, which provides training to students who have completed 12th grade and have certain math and tech skills. 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Thank you for your comment, we value your opinion and the time you took to write to us! Sridhar Vembu is credited with bringing software and product development functions to rural villages in India. Sridhar Vembu, a US-returned software tycoon with a net worth of $3.75 billion, has once again created an exemplary model for reverse migration of talent to the rural and semi-urban pockets of India from the saturated IT corridors. Sridhar was born in a farmer's family in Thanjavur District of Tamil Nadu. Sridhar Vembu married to Pramila Srinivasan. His father was a stenographer in High Court and his mother was a homemaker. Although he has multiple achievements to boast about, Sridhar chooses to remain levelheaded and work towards achieving next objectives. ETtech. Zoho grew 38% in the past year to hit 80 million global users as of July 2022. Tenkasi, a village in southern Tamil Nadu on the Western Ghats known for the Courtallam waterfalls and its rolling fields, is also associated with coding, tech and business. Zoho founder Sridhar Vembu has been appointed to the reconstituted National Security Advisory Board (NSAB) led by National Security Advisor ( NSA) Ajit Doval. Outside of work, you will find her traveling and exploring new places, volunteering for NGOs, rescuing animals, and mostly spending time around them. Say what you want Sridhar has successfully managed to build scalable global products from India that competes with the likes of Salesforce.com, Microsoft or Googles cloud, and has managed to do so, by sitting here in India, that too, without taking a single penny in external funding. During the downturn after the bubble burst, many companies took significant hits and they faced their share of problems too. Vocal about Local will be fulfilled to the core. Sridhar Vembu is the Chief Executive Officer at Zoho. There has to be a semblance of justice and fairness in your distributions system or else we are going to see the social conflict.. Zoho has crossed $1 billion in annual revenue, says CEO Sridhar Vembu Zoho founder and billionaire Sridhar Vembu recently got his hands on the Mahindra Treo electric three-wheeler. She holds a postgraduate degree from Indian Institute of Journalism and New Media (IIJNM, Bangalore), with specialisation in multimedia and business journalism. He did his schooling from Tamil medium government school. Sridhar: To be honest I have been an economic pessimist for a several years now simply because of all the bubbles I have watched during 2006 for example like I have been pessimistic about this and . One of the lesser-known things about Sridhar Vembu is that he had bagged the post of a lecturer at the Australian National University, Canberra upon completion of his PhD in the US. According to Forbes, as of 2021, he is the 55th richest person in India with a net worth of 3.75 billion dollars. Zoho added 59 offices in the past two years. He founded AdventNet in 1996 to make software products at a time when IT services were the rising . Vembu funds a school for rural kids in southern Tamil Nadu. They had a range of products that helped companies with their Sales & Marketing, HR & Finance, eMail & collaboration and IT & helpdesk. In 2009 he renamed the company Zoho Corp to reflect the. Sridhar Vembu comes from a modest family that lives in the middle class. 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Could you work with your family? Some of their products includes tools like: CRM, Motivator, SalesIQ, Campaigns, Mail, Chat, Docs, Connect, Creator, App Creator, Reports, Books, Inventory, Invoice, Expense, Support, Service Desk Plus, Recruit, People, etc., to manage your Sales & Marketing, Email & Collaboration, Business Process, Finance, IT & Help Desk and Human Resources. Also life in village can be pastoral and wholesome rather than living in concrete blocks called cities. Her philosophy is to stay invisible and let work do the talking, according to a rare interview . Travel Beats celebrates the achievements of young Indians and publishes exclusive stories from the US and India. Over the period of time the Zoho Corporation evolved into three divisions: Zoho.com, WebNMS and Manage Engine. Each vehicle was pushed and pounded, loaded with gear, driven through snow, driven through towns and in cities and up and down mountains. All Rights Reserved. Born in 1968, in Umayalapuram, a village in Tamil Nadu, Sridhar grew up in Chennai, where his father was employed at the High Court. He is married to Pramila Srinivisan, who is also a CEO and founder of a software company, and stays in the U.S. along with their son. Check out our Festive offers upto Rs.1000/- off website prices on subscriptions + Gift card worth Rs 500/- from Eatbetterco.com. Yo! Since the software was not selling anymore, a lot of their engineers and resources had become idle. Recently, he shifted to Tenkasi, Tamil Nadu for better health and experience better quality of life for him and his staff. Answer: Silicon Valley star is now teacher in Tamil Nadu, says busy with new start-up rural school Sridhar Vembu, the founder of Zoho Corporation is now all set to take this "lockdown experiment" to the next level: "a rural school start-up" that will provide free education and food, a model th. Vembu spoke to HT on video from his village via one of his products- Zoho Meeting -- with birds constantly chirping in the background. Mind The GAAP: How loss-making companies adjust numbers to show they are profitable, IDBI Bank divestment: Strong optics and no hidden surprises lure potential buyers, There are 100 million Indians on LinkedIn. He started his IT career as a wireless engineer at Qualcomm in San Diego. Following a brief stint at Qualcomm, he went on to co-found AdventNet in 1996 with his brothers and friends. By 1998, Advent crossed $1 million in sales, and doubled it the next year. In theory, its great. According to a recent analysis, neurotypical siblings of children with autism tend to struggle with anxiety, depression, and social difficulties. Forbes estimated his net worth at USD $2.44 billion. He graduated with a bachelor's degree in Electrical Engineering from the Indian Institute of Technology, . The company says that its apps are used by more than 50 million people globally. It has plans to sign up 1 million enterprises in the next three years and to achieve that, the company, as part of their strategy, is seen to be intensifying their its marketing and sales in the country. The company, Zoho, has planned to build a new 375-acre campus in Austin, Texas with a 100,000 square-foot building. [6][2] Vembu moved to Tenkasi, India in 2019. Speaking to Moneycontrol . Vembu has a Ph.D. in electrical engineering from Princeton and started his career at Qualcomm in 1994. Hence, since there was no way Sridhar could compete with the bigger giants, he decided to do something different. [3] He was awarded India's fourth highest civilian award, the Padma Shri, in 2021. While enjoying the blessings of rural life far from the madding crowd, he the founder and CEO of Zoho Corporation with headquarters in Chennai and California runs a global IT conglomerate with an annual turnover estimated at a whopping $1 billion. Vembu shuns outside capital, but if Zoho were to be valued, it might be well over $1 billion. Shridhar grew up in a very modest middle-class family in Chennai. Sridhar Vembu, founder and CEO of software development company Zoho Corp, started his journey as an ordinary person and today he has built a company worth hundreds of millions of dollars. Bachelor of Arts/Economics, Indian Institute of Technology Madras (IIT Madras). In an interview, Vembu talked about how his family, though they were settled in Chennai, always had one foot back in their ancestral village, as if unsure of their place in the big city. With such an aggressive approach they are expecting to increase from the current 10% to around 25-30% contribution of domestic business to its revenues in the next 4-5 years. Sridhar received a bachelor 's degree degree from Princeton University and a Bachelor's degree from Indian Institute of Technology , Madras. Sridhar Vembu In 1997, the company made about $350,000 in sales, putting it all back in the R&D unit in Chennai, India. [26] He was also appointed to the National Security Advisory Board (NSAB) of India in 2021 [27][28], "Barefoot billionaire: Sridhar Vembu built a tech giant you've never heard of", "Barefoot Billionaire: Sridhar Vembu Built a Tech Giant You've Never Heard Of", "Forbes India Rich List 2020 - Forbes India Magazine", "PIB Press Release: This Year's Padma Awards announced", "Shinzo Abe, Tarun Gogoi, Ram Vilas Paswan among Padma Award winners: Complete list", "Cover Story: Sridhar Vembu's Vision From The Village", "This Silicon Valley Star Worth $2.5 Bn Is Moving Back To His TN Village To Teach Kids For Free", "54-yr-old who left Silicon Valley for TN village looks to nurture local talent", "Zoho's Sridhar Vembu appointed to Doval-led National Security Advisory Board", "Staff Preference is for Small, Rural Offices: Sridhar Vembu", "Silicon Valley Star is Now Teacher in Tamil Nadu", "For Zoho founder Sridhar Vembu, community and company go hand-in-hand", "My views, my events: Zoho Chief Vembu asserts after tweet rage over RSS event", "Not safe for work: In polarised India, should you talk politics with your colleagues? He dreamt of studying in an IIT and then moving to the US and he successfully seized his dreams. Many of these students had not even seen a computer before joining, and yet, within months, they were writing code. "This electric auto form factor and the price point (take-home price under Rs 3.5 lakhs) is a very affordable . One more picture of Sridhar Vembu with his face close-up could have been published here. He went to a Tamil-medium,. One of its funds is backing high-profile projects from Black filmmakers such as Lee Daniels and Kevin Willmott. In 2004, he set up Zoho Schools to provide vocational software development education to rural students as an alternative to formal university education. The curriculum is regularly revised to ensure that the course is up to date with the latest technological developments. 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