About Radha Vembu Radha Vembu gets her wealth from her stake in privately held Zoho Corp, which offers business software on the cloud. She is also counted among the list of self-made women Billionaires all across the globe. Neither his father nor his mother went to college. While he stayed many years in the US whilst pushing Zoho to greater heights, he also helped to upskill the rural areas by setting up institutions to train the workforce in the fields of software development through his initiative dubbed Zoho Schools. Sridhar Vembu Nationality: Indian Net Worth: USD 3.75 billion as of 2021 Education: Electrical Engineering from IIT Madras, PhD from Princeton University in New Jersey Occupation: Businessman Designations: Founder & CEO of Zoho Corporation Date of Birth: 1968 Age: 54 Place of Birth: Tanjore, Tamilnadu, India Marital Status: Married Offer family and kid friendly options. Sinai Capital Partners said it has raised $600 million for more tech and film investments, a record raise for Los Angeles. Sridhar attended a government-funded Tamil-medium primary school before enrolling in IIT-Madras for his undergraduate degree. Bersamaan dengan itu dia mendirikan perusahaan yang bernama AdventNet.Inc tahun 1996. Ltd, Indiabulls A success story of an unsung hero. Could you work with your family? His father was a stenographer in the High Court. I dont get too excited about things I dont go to extremes vis--vis emotions about anything. Vembu approaches leadership and business with a vision that, much like the company he founded, has helped him to purposefully achieve success in his own unique way and in his own time. Shridhar grew up in a very modest middle-class family in Chennai. Zoho added 59 offices in the past two years. Vembu\'s proving that old Gandhiji saying \" India lives in its villages\". He believes in a work culture that is stress-free. In fact, a list Venture Capitalists are running behind them to invest in their company, and he is one of the very few, who has been constantly rejecting offers. They are also paid a monthly stipend during the training period. That is how Zoho got started. One of its funds is backing high-profile projects from Black filmmakers such as Lee Daniels and Kevin Willmott. Starting his education in the native tongue, as that was the only free education option available for his middle class parents struggling to bring up a large family (four siblings), Sridhar architected a career for himself by dint of hard work and self-motivation. For Chennai-headquartered Software-as-a-Service (SaaS) company. The company is organized around 3 major divisions. Having built a lot more products, entered bigger markets, and found a lot more customersin successive years, Advent was rebranded as Zoho Corporation in 2009. Read More . Is there a way you can suggest which direction I start thinking . By 1998, Advent crossed $1 million in sales, and doubled it the next year. Hope this helps some fellow sufferer." / Twitter @svembu 16 years ago, Sridhar Vembu founded Zoho Schools of Learning with a vision of making rural youths and city-bred jobseekers employable with practical skills. Numbers are important, but you cannot reduce performance to a set of metrics--it's counterproductive and inhuman. Report a problem? They have reached to a point where Marc Benioff CEO, Salesforce.com is desperate to buy Zoho, given their nervousness of getting out-beaten. Zoho founder Sridhar Vembu comes from a humble background. 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. ManageEngine allows enterprise IT organizations better manage their networks, servers and infrastructure. 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In this webinar, Radhika Gupta speaks with Padma Shri Awardee Sridhar Vembu, the founder and CEO of Zoho Corp. Today, Zoho has emerged as the largest softwar. At Zoho Schools of Learning, students in the 17-20 age groups, who have completed Class 12 or hold a diploma in vocational training, get hands-on training in web design, programming, networking and marketing, among others for free. Those who successfully complete the course are absorbed into Sridhar Vembus Zoho Corporation. Sridhar Vembu In 1997, the company made about $350,000 in sales, putting it all back in the R&D unit in Chennai, India. for achieving PADMASHRI unlike others who Sridhar Vembu was born in Thanjavur district of Tamilnadu. Edtech company Knorish raises pre-series-A funding, COPYRIGHT 2023, FORBESINDIA.COM ALL RIGHTS RESERVED, Online retail struggles with profitability, physical retail is the mainstay: Atul Ruia, chairman, Phoenix Mills, Salaries in India expected to increase by 10.3 percent in 2023: Aon Survey, In a candid conversation with the Sharks of Shark Tank India. But global headwinds, unemployment could stand in the way of the worlds fastest-growing economy. They claim their education to be different than conventional college-style education. Get The Latest News On Sports, Business, Bollywood, Politics, Entertainment and More. We found a niche market where customers needed us, Sridhar says. Welcome viewers, we are here to provide the latest updates on sports, politics, business, tech, health, entertainment, bollywood and many more. As of 2019, Forbes reports that Jaguar has now introduced light fixtures to their portfolio as well. [6], 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 was only 26 back then. World's top 10 highest-paid actresses 2018, 58 Indian companies in 2018 Forbes 'Global 2000' list, Akshay Kumar and Salman Khan amongst Forbes's 2018 list of world's highest-paid entertainers, Virat Kohli sole Indian in Forbes's 2018 list of world's highest-paid athletes, Usha Vishwakarma: Teaching women self defence, never backing down, How India's restaurants are staying alive, If we don't have politics, we will have war: Sridhar Vembu, Urban and Suburban Patterns of Consumption and Time Use. She is the major stakeholder of Zoho Corporation which was co-founded along with her brother, Sridhar Vembu. 4. In simpler terms, they offer services like Symphony Platform, Telco Network Solutions, Service Applications, IoT Platform and IoT Solutions, along with a whole other range of sub-services included in it. Post that, also completed his Electrical Engineering from the Princeton University in 1989 as well. Through the years, the company launched several software-as-a-subscription products, for which businesses would pay a certain fee for a year. A graduate in industrial management from the elite IIT Madras, Vembu is a product manager for email service, Zoho Mail. The capacity of serving the needy whose livelihood is at the mercy of lockdown has increased up to 30,000 free meals a day this month. Bengaluru: Sridhar Vembu, founder and chief executive officer of Zoho Corporation Pvt Ltd, will share his expertise and experience in creating jobs in rural areas, at an event in Chennai organised . 54-year-old Sridhar Vembu, who returned from the US to India aiming to make a difference to his native village in Tamil Nadu, was awarded a Padma Shri, on the eve of the Republic Day 2021, for his distinguished service in trade and industry. Not long ago, Radha Vembu was also featured in the 2020 Kotak-Hurun list of richest women in India. Goal. Superb!!! Sridhar Vembu is an Indian billionaire and the CEO and founder of Zoho Corporation. Shekhar Vembu, and Shailesh Kumar Davey. Rajini Bector, who started her company in a Ludhiana backyard in 1978,.. View article MSN Govt confers Padma Shri award to Zoho Founder Sridhar Vembu Sridhar Vembu is regarded as a pioneer in the SaaS industry in India. A PhD in electrical engineering from Princeton, US, 51-year-old Sridhar started his entrepreneurial journey by co-founding 'AdventNet' with his two siblings and three friends in 1996. [16][17], In January 2020, Vembu met with criticism after he agreed to attend as the guest of honour, a high-profile event organised by the RSS. ManageEngine: With over 120,000 companies around the world (including three Fortune 500 companies) as customers; ManageEngine offers simplified IT management service with affordable softwares that are easy to use, easy to deploy, and easy on your budget, and with absolutely no expensive consulting fees or over-priced licenses. I pray God he will be given courage and he will achieve. He graduated with a bachelor's degree in Electrical Engineering from the Indian Institute of Technology, . In January, Vembu, 54 was awarded the Padma Shri, Indias fourth-highest civilian honour, in the trade and industry category. -adalarasu, Congratulations Sridhar vembu garu ..My Honourable Namaskaarams to your Adorable Samskaarams [25] He has also been selected as CNN-News18 Indian of the Year 2022. What started out of a pressing need of the hour for a few children has brought nearly 100 kids within its ambit. It presently offers a suite of software to run businesses with four divisions: Zoho, ManageEngine, Qntrla workflow orchestration software, and training platform TrainerCentral. Practical work combining technology and agriculture. to humanity your SPIRIT must be reaching new heights of Chairman of Manipal Global Education & former CFO of Infosys, Founder & Chairman of Dalian Wanda Group, Sridhar Vembu Zoho Corporation Success Story. In 2021, Forbes ranked him 55th richest person in India, with a net worth of $3.75 billion. Radha Vembu is also fond of making Rangolis. Immediately, she heard a voice from the first floor of an adjacent building shouting. [2] According to Forbes, he is the 55th richest person in India with a net worth of $3.75 billion, as of 2021. Bachelor of Arts/Economics, Indian Institute of Technology Madras (IIT Madras). This US-returned Software Tycoon who Received Padma Shri This Year is Serving 30,000 Free Meals Daily in Rural India during Lockdown. Family: Husband/Spouse: Rajendran Dandapani (Director of Engineering, Business Solutions Evangelist at Zoho) Children: Son - Aditya Rajendran: Parents: Father- Sambamurthy Vembu "Stenographer at the Madras High Court" Mother- Name Not Known "Homemaker" Siblings: Brother-4 Manikandan Vembu "Businessman" Sekar Vembu Sridhar Vembu . After spending his time in California and the San Francisco Bay Area, he decided to introduce Silicon Valley to the rural areas. Zoho Corporation. He founded Zoho in the mid-1990s. They need to support their families. Zoho has crossed $1 billion in annual revenue, says CEO Sridhar Vembu With a total staffing of around 4000 employees, the company is headquartered in California and also holds offices in Singapore, Japan, China and India. Sridhar Vembu married to Pramila Srinivasan. The company worked to bring out new products, includingIT management product ManageEngine and its cloud division Zoho.com, which were launched in 2002 and 2005, respectively. In 2021, he was appointed to the National Security Advisory Board (NSAB) of India. Proud of you sir and team Zoho.This As per me is actually reaching the roots Level.Great Move. Seamless succession plan by the late patriarch leaves Bajaj Group in capable hands. Lately, ZOHO got big 50 million users all over the world. 2023 Forbes Media LLC. The curriculum is regularly revised to ensure that the course is up to date with the latest technological developments. Vembu's family lived in Tamil Nadu's Thanjavur district. Zoho School of Learning strives to transform the landscape wherein the focus is on grades and bookish knowledge. 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. Village life is very hard to resist for Sridhar Vembu, the founder and CEO of Zoho Corporation. 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. Visit us daily to keep yourself updated. Sridhar Vembu married to Pramila Srinivasan. Zoho says it is continuing to invest heavily in long-term R&D projects, and aggressively pursuing rural expansion, to create jobs where they are most needed. He is so committed to giving back to his village that he started offering free tuition to the children of farm laborers and daily wagers, whose access to classroom-learning was cut off due to the closure of village schools during the pandemic-induced lockdown across the country. Vembu was born in 1968 in a middle class Tamil family from a village in Thanjavur district, Tamil Nadu. I am moved by your initiative and how well it is making a difference . #1-Ranked Industry Analyst Patrick Moorhead dives in as recently, he had the opportunity to speak with Sridhar Vembu, Zoho CEO, via Zoho Meeting. I explore the idea of building resilience. 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. This was the time Sridhar had just taken over as the CEO of the company. A businessman by blood, but a business writer out of passion! Billionaire Sridhar Vembu, who returned from the Bay Area to rural India, started serving the poor with over 6000 meals a day for free in April. Until then, the founders werent paying themselves salariessomething Sridhar equated business with. The SaaS company was founded by Sridhar Vembu and 48% owned by his sister Radha Vembu, who debuted on the Worlds Billionaires list this year with a $1.2 billion fortune. Some of the worlds biggest and best companies are owned by families, including Walmart, Volkswagen and Berkshire Hathaway. Sridhar Vembu, Co-founder and CEO, Zoho, talks about this impact. 3. After entry into CRM, documents, and email marketing, Zoho faced big competitors like Google, Microsoft, and Hubspot but defeated them with 3 simple strategies: But in 2001, the bubble burst happened, and the networking business saw a huge meltdown as well. [6] In 2020, he announced a "rural school startup" focused on free primary education. Yo! Meet Sridhar Vembu who, in his late 20s, founded AdventNet in 1996 to make software products at a time when IT services were the rage. Vembu began his professional career at Qualcomm as a wireless engineer in San Diego, California, before moving to the San Francisco Bay Area. The bubble burst did not destroy the company, but simply moved the company in the right direction. This was a very crucial phase for him. Without wasting a second, she immediately dived into the water and saved the child from drowning. 20% of Zoho Corporations employee strength of over 7000 is pooled from Indias rural backwaters. Sridhar Vembu is the founder and CEO of privately held Zoho, a maker of cloud-based business software. No word\'s to describe. Hence, since there was no way Sridhar could compete with the bigger giants, he decided to do something different. He is a family loving person. 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 . As per the latest reports of 2022, his net worth is estimated to be USD 3.75 billion. The pandemic has accelerated remote working. [13], 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. Really mr.sridharvembu\'seffort is a very challenging effort. That small market taught us how to build a product, how to find customers, how to make a sale, how to support the customer and how to make a small profit doing all of that, he says. Rather, a monthly stipend starting at Rs 10,000 is given to each of the students throughout the training period that spans up to 24 months. With the help of a scholarship, he received an MS and PhD in electrical engineering from Princeton University, all the while knowing his future would be back in an Indian village. Often, better! [6], In 1996, Vembu, along with two of his brothers, founded a software development house for network equipment providers called AdventNet. Only a few that too 1 in 1 lack will be like him with patriotic thinking. Spending time building business is far more valuable economically than fancy theories, he said. 38 on the list of Indias 100 richest. Zoho University: Started in 2005, with six students and two teachers teaching three subjects, this informal university has trained more than 300 students over the last decade, most of whom are now Zoho employees. Born in Tamil Nadu, in a modest Brahmin family, young Sridhar was schooled through IIT-Madras. He began his early education in a Tamil-medium government-aided school till the 10 grade, and then moved on to IIT-Madras for his under-graduation. 2023 Forbes Media LLC. Later on, he went to Princeton University, New Jersey to complete his Ph.D. Post 2 years after his Ph.D., he worked at Qualcomm as a wireless system engineer. Known for his simple living and high thinking philosophy, he is a software tycoon with a net worth of USD 2.5 billion and the 59th richest Indian in the world. Zerodha gets a boost from the pandemic and lifts Nithin and Nikhil Kamaths net worth to $3.45 billion. Sridhar Vembu (@svembu) December 6, 2021 Sridhar Vembu also requested Mr Mahindra to offer a wider variety of colours and designs as well as family-friendly options. Related by origin of wealth: business software. Last week, all my family members assembled at my village, including four of my grand-kids, for the engagement ceremony (betrothal) of my brother's daughter. 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. Emirates Airlines Explores Codeshare Partnership with Air India for Growing Indian Diaspora Traffic, USA Extends F and M Student Visa Application Timeline to 365 Days; Check Advantages of the Updated Policy, Indian American Vivek Ramaswamy, a Biotech Millionaire, Enters 2024 Presidential Race alongside Nikki Haley, A Digital Travel Pass is Underway to Reopen Borders for Normal International Flights Early in 2021, Special Air India Flights to and from India Cost Nearly Rs 2 Lakh per Traveler for One-way Journey. Are also paid a monthly stipend during the training period his undergraduate degree unlike others Sridhar. Zoho founder Sridhar Vembu is the major stakeholder of Zoho Corporations employee strength of 7000... 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Has brought nearly 100 kids within its ambit manager for email service, Zoho big... What started out of a pressing need of the company is stress-free Bajaj... Sridhar says fastest-growing economy something different manager for email service, Zoho, a maker of cloud-based business.! Latest News on Sports, business, Bollywood, Politics, Entertainment more... Such as Lee Daniels and Kevin Willmott school till the 10 grade, and doubled the. Was co-founded along with her brother, Sridhar Vembu in 1968 sridhar vembu family a Tamil-medium government-aided school till the grade! Sridhar had just taken over as the CEO and founder of Zoho Corporations employee strength of over 7000 is from... Water and saved the child from drowning up to date with the bigger giants, he a... Course is up to date with the latest reports of 2022, his net to... Since there was no way Sridhar could compete with the bigger giants, he.!