Padma Shri Sridhar Vembu's SaaS company Zoho clocks Rs.5230 cr turnover without raising any funds
Sridhar Vembu, a Padma Shri, founded Zoho, a SaaS company, that has clocked a turnover of over Rs. 5000 crore. Zoho has managed to do without ever raising any funds. Since it was founded. Zoho Corporation Private Limited started as a Network Management firm called AdventNet Inc. and eventually introduced 'Zoho Remotely' to facilitate 'work from home' in 2020. The Chennai-based SaaS company that was started in 1996 by Sridhar Vembu and Tony Thomas has touched almost every corner of software development and web-based business implements since it was founded. On the occasion of India's 72nd Republic Day, Sridhar Vembu was awarded the Padma Shri (2021). The company began operations in a modest apartment in Chennai's outskirts. Initially known as 'AdventNet,' the only service offered by Zoho was network management. AdventNet was doing well, and it was gaining clients from the Bay Area and Silicon Valley. However, when the dot-com boom burst in ...