Sridhar Vembu

Sridhar Vembu (born 1967) is an Indian billionaire business magnate and the founder and CEO of Zoho Corporation.[2] According to Forbes, he is the 59th richest Indian in the world with a net worth of US$2.5 billion as of 2020.[3] He was awarded India's fourth highest civilian award the Padma Shri in 2021.[4][5]

Sridhar Vembu
Born1967
Chidambaranathapuram, Tanjore, Tamil Nadu, India
NationalityIndian
Alma materPrinceton University (PhD)
OccupationCEO of Zoho Corporation[1]
Net worthUS$2.51 billion (Dec 2020)
Spouse(s)Pramila Srinivasan
RelativesRadha Vembu
Honours

Early life and education

Vembu was born in 1967 in a Tamil family of farmers from a village in Thanjavur district, Tamil Nadu.[6][7] He graduated with a bachelors degree 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] As of 2020, he held an 88 percent stake in the company. Forbes estimated his net worth at USD $2.44 billion.[2][9]

Social entrepreneurship

Sridhar Vembu is noted for taking software and product development functions from urban centers 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][10] He moved from the Bay Area to Mathalamparai at this time.[11]

In 2004, he set up Zoho Schools to provide vocational software development education to rural students as an alternative to formal university education.[12] A statement from the company states that 15 to 20 percent 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.[11][8]

2020 controversy

In January 2020, Vembu was subject to criticism for attending and endorsing a high-profile event organised by the Rashtriya Swayamsevak Sangh, a Hindu nationalist organisation.[13][14][15] Vembu termed the criticism as 'unwarranted' and stated that his participation as a matter of his personal choice.[16][17][18]

Honours

Vembu was awarded the 2019 Ernst & Young "Entrepreneur of the Year Award" in India.[19] He was also the recipient of the Padma Shri, India's fourth highest civilian honor, in 2021.[20] He was also appointed to the National Security Advisory Board (NSAB) of India in 2021.[21]

References
  1. "Barefoot billionaire: Sridhar Vembu built a tech giant you've never heard of".
  2. 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. "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. "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. "Sridhar Vembu & Siblings". Forbes. Retrieved 24 October 2020.
  10. Anand, N. (15 August 2020). "Staff Preference is for Small, Rural Offices: Sridhar Vembu". The Hindu. ISSN 0971-751X. Retrieved 24 October 2020.
  11. "Silicon Valley Star is Now Teacher in Tamil Nadu". The Indian Express. 10 October 2020. Retrieved 24 October 2020.
  12. "For Zoho founder Sridhar Vembu, community and company go hand-in-hand". The New Indian Express. Retrieved 2 February 2021.
  13. Lormen, Abigale (9 January 2020). "Accenture India MD backs out of attending RSS event in Chennai". Times of India. Retrieved 9 January 2020.
  14. Quint, The (7 January 2020). "#BoycottZoho Trends After CEO Accepts Invite to RSS Event". The Quint. Retrieved 7 January 2020.
  15. Chennai, PTI (8 January 2020). "Accenture boss clears RSS air". The Telegraph. Retrieved 9 January 2020.
  16. Bhalla, Kritti (7 January 2020). "Zoho CEO Defends Attending RSS Event Amid Twitter Outrage". Inc42. Retrieved 7 January 2020.
  17. 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.
  18. 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.
  19. "Sridhar Vembu". www.ey.com. Retrieved 24 October 2020.
  20. Bureau, Our. "Zoho founder among Padma awardees". @businessline. Retrieved 25 January 2021.
  21. https://inc42.com/buzz/zohos-sridhar-vembu-appointed-to-national-security-advisory-board/
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