A person lives in Village wears lungi rides a bicycle and running India’s most profitable startup
This person wearing a lungi is doing business sitting in the village, and earning so much money. The name of the person is Sridhar vembu and the company he runs is “Zoho” . The government gave him the award of “Padma Shri”.
Introduction
Sridhar vembu was born in small village in Tamil Nadu. His whole family was use to do farming. At some time, his father shifted to Chennai and and there he did the job of stenographer in the high court. At that time, he gave the exam of JEE and got 27th rank all india and he reached IT madras. He was the first person in his family to graduate. He choose electrical engineering. He went to study at princeton University. He earned a doctorate and obtained a PHD degree . But he was not enjoying his profession then he decided to do by own leaning.
Career
In 1996, his brother proposed to make a company of their own . They have decided to do something for India . He reached Chennai directly with his brother. They both started a company called “adventNet” with all his saving money he spent on making machine but nothing happen. They thought that making a software company there will be less investment. He was technical man and held knowledge of software and IT. Once he made a deal of 30000 dollars with the client. After the deal with the client. They have been gone through the negativity of the client. After that he realised that he don’t have business skills.
Then he decided to hired a salesperson and after 2 years travel with him for selling the product. He hired a person for finance, one for management. The business was all set. The company thought to make software, which was named Zoho. Zoho functions are related to business like HR, management thing, finance. There will be application related to them.
Zoho says- ” take mine in lacs”
The people of India to work and sell the product/ service to the people in U.S. Zoho was able to provide it’s services at a low cost. More than 45 apps of Zoho are present in the market.
Then in 2004, with six students and two professor. They started the Zoho University in which children was hided from 12th & college. In six month they taught all tech related thing and certificate are provided. At present there 11000 employees consults 300 companies out of fortune 500 apple, Netflix, Amazon, Mahindra .
Income
In 1998, they got a huge order and the company revenue reached 8 crores in today’s date. When their valuation gradually reached from 1 million to 2 million dollars, the. They got an offer to sell their company for 25 million dollars.
The valuation of the company is 40000 crores.he made such a big umpire without any loan, without any investment always with his own money .