Sridhar Vembu is the founder and CEO of Zoho Company (previously AdventNet Inc), who’re the makers of on-line Zoho Office Suite together with a number of business functions.
He’s more famously known for constructing a multi-million dollar Zoho Company from scratch and with out taking any exterior funding, that in the present day competes directly with giants like Microsoft, Google, Oracle and Salesforce.com, and giving them a run for their cash.
The Smartest Unknown Indian Entrepreneur who has a large fan-following within the start-up industry, primarily for being the person who turned down venture capital cash.
To provide you a short brief about his background – Sridhar belongs to a really modest middle class household in Chennai, where his father was a stenographer within the High Court and his mom was a home wife, and neither of them went to school.
He started his early education in a Tamil-medium government-aided school until the 10 grade, after which moved on to IIT-Madras for his under-graduation. Publish that, additionally accomplished his Electrical Engineering from the Princeton College in 1989 as properly.
After finishing his PhD, Sridhar joined Qualcomm in San Diego in 1994. During this stint of roughly 2 years, being an Electrical Engineer, he used to work on wireless communication including aspects like CDMA, power management and a few very detailed issues on wireless communications.
During his days with Princeton, he had gained keen interest about Political Science and Economics, which had led to studying of a number of books and finding out about the success of markets like Japan, Singapore and Taiwan, and the way they’d managed to develop so properly.
He had understood that Socialism was our downside in India and actually wished to fix the scenario. So when two years later, his brother Kumar brought up the thought, he determined to join his brother, left his job and headed again to their house nation, in attempts to resolve the nation’s pain-points with the assistance of technology.
They partnered with Tony Thomas, who had some network management software and was skilled in the area.
And collectively, in 1996, from a small apartment situated within the suburbs of Chennai, he began Vembu Software program.
Today they’ve reached to some extent where Marc Benioff – CEO, Salesforce.com is determined to purchase Zoho, given their nervousness of getting out-beaten.
Just because, Zoho is ready to provide the same products to purchasers at $10-12 which Salesforce sells it at $65. However Sridhar politely turned Marc down.
The truth is, a list Venture Capitalists are working behind them to invest in their firm, and he is likely one of the very few, who has been always rejecting offers. He lives the dream of each entrepreneur – being chased by VCs, and rejecting them!
Say what you need – Sridhar has efficiently managed to construct scalable international merchandise from India that competes with the likes of Salesforce.com, Microsoft or Google’s cloud, and has managed to take action, by sitting right here in India, that too, with out taking a single penny in exterior funding.
Going forward…The company has now set their eyes on the Indian market, and now additionally perceive India as a multi-billion-dollar market the place the ‘cloud’ is going to be an enormous opportunity for them.
It has plans to enroll 1 million enterprises within the subsequent three years and to achieve that, the company, as a part of their technique, is seen to be intensifying their its marketing and sales within the nation.
They’ve been very aggressive in outreach, and had additionally launched a 30-second TV commercial with the message “Made in India, Made for the World” that is aired on prime-time as well.
With such an aggressive method they’re anticipating to extend from the present 10% to round 25-30% contribution of home enterprise to its revenues within the subsequent 4-5 years.