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 . Going forwardThe company has now set their eyes on the Indian market, and now also perceive India as a multi-billion-dollar market where the cloud is going to be a big opportunity for them. They decided to go in two directions: First, they took the same network management software that they sold as OEM (Order Equipment Manufacturer) model, and converted it into an Enterprise Model. Born in a family of farmers in Mathalamparai, Tamil Nadu, the Barefoot Billionaire (as he is nicknamed for preferring not to wear sandals/shoes) pursued MS and PhD at Princeton University, New Jersey after having graduated from IIT Madras in 1989. Required fields are marked *. The curriculum is regularly revised to ensure that the course is up to date with the latest technological developments. Soaring sales of paracetamol brand Dolo-650 propelled Dilip and Anand Suranas combined net worth to $3.25 billion. The company says that its apps are used by more than 50 million people globally. Vembu has a Ph.D. in electrical engineering from Princeton and started his career at Qualcomm in 1994. 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. It presently offers a suite of software to run businesses with four divisions: Zoho, ManageEngine, Qntrla workflow orchestration software, and training platform TrainerCentral. Shridhar grew up in a very modest middle-class family in Chennai. He grew up in an average family, qualified for IIT, learned electrical engineering, and migrated to the USA for MS and PhD degrees from Princeton University. Rural Tamil Nadu still has that ancient sacredness to it. Today, Zoho is a profitable company with a profit of Rs 1,917.72 crore in the financial year (FY) 2022, growing about 140 percent over the last year, as per its filings with the Registrar of Companies. Penalty on non-payment of crypto TDS: What does it mean for retail investors? The company was later renamed Zoho. Speaking to Moneycontrol . Vembu, who owns a majority stake in Zoho with his siblings, started the business as AdventNet along with two siblings and three friends. I spent time in rural India and so I was able to observe these things first hand. It was obvious to me that the telecom market was not going to come back, and all our revenue was from that market. Sridhar, along with his team, worked on a pivot to survive. The question is: are we going to let these moments knock us down, or are we going to rise up stronger? As startups face the wrath of global macro-economic factors like the Russia-Ukraine war . He quit it soon after he found his call a pursuit of career in technology. Vembu is one of the Padma Shri awardees announced by the government of India this year. Instead of hiring engineers with highflying degrees from prestigious Institutes, he decided to hire young professionals whom others disregard. Woman arrested for assaulting daughter in inebriated state, Ex-partner stabs woman to death, say police, Eknath Khadse to face SIT probe for illegal excavation, refutes allegations, Nettaru murder case accused to contest state polls for SDPI from Puttur, No damage to wheat, expect record output: Centre after key meet, Bird count to start at Karnala, Phansad sanctuaries next week, Cuffe Parade Machhimar Nagar facelift to commence soon, Haryana teachers 2-month salary held up due to technical glitch, Poor investigation by cops in assault on govt officials results in acquittal, Pick a topic of your interest and subscribe. Zoho CEO Sridhar Vembu and Zerodha CEO Nithin Kamath. Promoted Outside of work, you will find her traveling and exploring new places, volunteering for NGOs, rescuing animals, and mostly spending time around them. Offer family and kid friendly options. The great melting and eventual sinking: Have we reached the point of no return? The year of 2002 was when they took a huge hit, and from some 150 customers, they saw a major downfall to just three customers. All Rights Reserved. Sridhar Vembu has made name huge in the software world by himself. Ltd, Indiabulls A success story of an unsung hero. Tech billionaire Sridhar Vembu, who moved from Silicon Valley of the US to empower rural youths in Tamil Nadu and beyond, starts his day with breaths of fresh air, an unhurried walk, and greetings to whoever he comes across in the morning in his village named Mathalamparai, about 600 kms away from Chennai. Copyright HT Digital Streams Ltd. All rights reserved. Having 800 out of 9500 in villages is no great achievement, but just a good initiative. Sridhar joined Zohothen Advent Network Managementto staff a booth Tony had rented in a trade show, as a salesman. One of its funds is backing high-profile projects from Black filmmakers such as Lee Daniels and Kevin Willmott. My dream always been to be able to motivate Villagers to know and understand their land and employ modern way to farm and especially start understanding their environment improve and progress. Read More . Zoho's 375-acre campus in Austin, Texas is on the site of a former farm. To do this, we need to connect more authentically with each other. Seven daughters who are making their mark at their family companies. As of 2020, he held an 88 percent stake in the company. (Express Photo) FOR THE rest of the world, Sridhar Vembu is the founder of Zoho Corporation, a Silicon Valley star valued by Forbes at nearly $2.5 billion who decided to take the unusual step of moving to a small village in Tenkasi in southern Tamil Nadu last year. After entry into CRM, documents, and email marketing, Zoho faced big competitors like Google, Microsoft, and Hubspot but defeated them with 3 simple strategies: Related by origin of wealth: business software. And mind you, these kids could code at par, than the rest. In theory, its great. His. Sridhar Vembu's Zoho competes successfully around the world with some core products of Microsoft, Google and Salesforce.com. This US-returned Software Tycoon who Received Padma Shri This Year is Serving 30,000 Free Meals Daily in Rural India during Lockdown. Vembu was awarded Ernst & Youngs Entrepreneur of the Year Award in India for 2019. She is also counted among the list of self-made women Billionaires all across the globe. What are Hand-baggage Only Fares for British Airways and Delta Airlines Flights? So, like a good man, I said no to the money, Sridhar told in an interview. "This electric auto form factor and the price point (take-home price under Rs 3.5 lakhs) is a very affordable . He is also one of the few business leaders to ever receive Padma Shri, India's third-highest civilian award. The goal is to have smaller centres rather than have everyone come to Chennai.. 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. The company, Zoho, has planned to build a new 375-acre campus in Austin, Texas with a 100,000 square-foot building. Ten minutes of traffic can get you tired. The lockdown imposed across the state of Tamil Nadu, in a bid to counter the second wave of the pandemic, does impact the rural and urban poor the most. Radha Vembu gets her wealth from her stake in privately held Zoho Corp, which offers business software on the cloud. Since the software was not selling anymore, a lot of their engineers and resources had become idle. Only a few that too 1 in 1 lack will be like him with patriotic thinking. That 11-year-old venture, since renamed as Freshworks, made a stellar debut on Nasdaq on Wednesday at a valuation of $13 billion, at the close of its first trading day. The Tenkasi office has 450 employees recruited within a 50 km radius. Seamless succession plan by the late patriarch leaves Bajaj Group in capable hands. Posted on November 29, 2020 by Delhi Magazine Team. Raised in a middle-class family in Tamil Nadu, Sridhar's father was a stenographer in the High Court. An early riser, he walks to his farm and local tea shops in between his work and meetings. Lately, ZOHO got big 50 million users all over the world. 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Today, Zohos business is valued at almost USD 1 billion and has branches across the world. Zoho.com provides a comprehensive suite of applications for businesses - from on-line productivity to CRM and custom applications. She is the major stakeholder of Zoho Corporation which was co-founded along with her brother, Sridhar Vembu. To be precise, Travel Beats is a consistent effort by IndianEagle to bridge between Indians in America and India. Zoho is beta-testing a new WhatsApp alternative called 'arattai' which means chat in the Tamil language. [2][10] In 2021, Sridhar Vembu was appointed to National Security Advisory Board. He is a family loving person. All rights reserved. The market opportunity was small, but it was enough to feed us and let us fight another day. Now, in-person events are being offered to those fully vaccinated. Vembu and his family own 88% of the ZOHO share. 2. I had progressive father and my brother who made it possible to travel to USA study, to earn respectable Doctorate / PhD in education Administration from Columbia Univ NYC. 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. Our fundamental philosophy of business remains the same, but I do expect fairly serious turbulence ahead for the global economy which may necessitate course corrections, Sridhar adds. I suffered from IBS (irritable bowel syndrome) all life and that is now gone. Post that, he did his graduation from IIT Madras followed by PhD in Electrical Engineering. About Radha Vembu Radha Vembu gets her wealth from her stake in privately held Zoho Corp, which offers business software on the cloud. #1-Ranked Industry Analyst Patrick Moorhead dives in as recently, he had the opportunity to speak with Sridhar Vembu, Zoho CEO, via Zoho Meeting. Your email address will not be published. [2] According to Forbes, he is the 55th richest person in India with a net worth of $3.75 billion, as of 2021. During his days with Princeton, he had gained keen interest about Political Science and Economics, which had led to reading of several books and studying about the success of markets like Japan, Singapore and Taiwan, and how they had managed to grow so well. The employee stated that Vembu was hostile to him for criticising the Rashtriya Swayamsevak Sangh (RSS), a Hindu nationalist paramilitary organisation. Later, he studied MS and PhD degrees from Princeton University in New Jersey. Zoho added 59 offices in the past two years. Born in Thanjavur district to a family of farmers, Vembu graduated from IIT Madras in Electrical Engineering before he went on to do his Ph.D. from Princeton University in New Jersey. Other than that ManageEngine also offers over 40 free tools that include Windows & Desktop Management, Troubleshooting, and Virtualization Monitoring. Radha is the majority stake owner of the Zoho Corporations. Vembu was born in Tamil Nadus Thanjavur district to a family of farmers and was the eldest of five siblings. 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. They have been very aggressive in outreach, and had also launched a 30-second TV commercial with the message Made in India, Made for the World that is aired on prime-time as well. We provide crisp news and important stories right at your fingertips. Keep looking forward to what the future has in store for you, is one of the lessons he gives to his students. 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. Specifically, his company, Zoho, established its offices in rural Mathalamparai, Tenkasi district, Tamil Nadu and in suburban Renigunta, Andhra Pradesh. When expanded it provides a list of search options that will switch the search inputs to match the current selection. In 2004, he founded Zoho Schools to provide vocational software development education to rural students as an alternative to formal university education. Vembu was born in 1968 in a middle class Tamil family from a village in Thanjavur district, Tamil Nadu. That is how Zoho got started. #1-Ranked Industry Analyst Patrick Moorhead dives in as recently, he had the opportunity to speak with Sridhar Vembu, Zoho CEO, via Zoho Meeting. Founder Radha Agrawal sees them as a critical way to rediscover our collective joy. SRIDHAR VEMBUJI In 2020 Zoho launched a remote work tool kit called Zoho Remotely to help businesses to switch to work-from-home. I try to be moderate.. During this stint of roughly 2 years, being an Electrical Engineer, he used to work on wireless communication including aspects like CDMA, power control and some very detailed issues on wireless communications. But nothing else at Zoho Corp is child's play: The 48-year-old Vembu is deadly serious about how he runs the company, which he co-founded as AdventNet Inc in 1996 with his brothers Kumar and Sekar, as well as Tony Thomas, an entrepreneur who wrote an early version of the software that would become WebNMS, the company's first product which found In 1989, he did Bachelors in Electrical Engineering from the Indian Institute of Technology, Madras. May you achieve BHARAT RATNA. In fact, it could be defined as the opposite of what filmmaking is about if we think of it as an effort of a large group of people coming together to collaborate.". Same way cashew, coconut and jackfruit products can be perused. [18][19][20] Vembu defended his participation as a matter of his personal choice. Sambamurthy Vembu, Radhas father, quoted a swimming pool incident, when his son, Kumar, took his family to the Madras Race Club to spend the evening. Get 5 free searches. After earning his degree, Sridhar joined Qualcomm as a wireless engineer. 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The court issued an arrest warrant against him and blocked his blog for the crime. 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. This was a very crucial phase for him. Radhas son, Aditiya, was 4 years old at that time, and he wanted to play in the swimming pool while others watched a movie in the open theatre. Forbes estimated his net worth at USD $2.44 billion. The COVID-19 pandemic reduced boundaries like never before. Will changes to the Islamic legal code in the United Arab Emirates reduce the risk of arrest for business and leisure travelers? ( irritable bowel syndrome ) all life and that is now gone important right. Walks to his students so i was able to observe these things first hand Year Award in for. 2020 by Delhi Magazine team ' which means chat in the software was not selling anymore a! 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