A messy divorce case, ownership stake, and accusations of unscrupulous transactions are in play at Zoho Corp, one of Indias successful SaaS companies. Pramila Srinivasan, Zoho CEO Sridhar Vembus wife, has alleged that Vembu gave Zohos shares for “token amounts” to his siblings. One of them is Radha Vembu, who owns nearly half of Zoho, valued around USD5 billion-USD 6 billion.
Mukesh Ambani has surpassed Gautam Adani to become the richest Indian, according to the Hurun India Rich List 2023. Ambani s wealth exceeded Adani s by Rs 3.3 lakh crore, despite Adani being ahead by Rs 3 lakh crore in 2022. Cyrus Poonawalla retained the third position, while HCL Tech s Shiv Nadar and Radha Vembu of Zoho also featured on the list.