Zoho owner: the Vembu family, with Radha Vembu at about 47.8% and no outside investors
Zoho is owned by the Vembu family and co-founder Tony Thomas, with no outside investors. Radha Vembu holds about 47.8%, Sekar Vembu 35.2%, Tony Thomas 8% and Sridhar Vembu 5%, per filings cited in court.
Zoho is owned almost entirely by the Vembu family and co-founder Tony Thomas, with no outside investors: sister Radha Vembu holds about 47.8%, brother Sekar Vembu about 35.2%, Thomas about 8% and founder Sridhar Vembu about 5%. The breakdown comes from filings cited in a court dispute over Sridhar Vembu’s divorce, as reported by the Sunday Guardian, and Zoho has not published its cap table itself. 12
Who owns Zoho? Reported shareholding
| Shareholder | Reported stake |
|---|---|
| Radha Vembu (sister of the founder) | About 47.8% |
| Sekar Vembu (brother) | About 35.2% |
| Tony Thomas (co-founder) | About 8% |
| Sridhar Vembu (founder) | About 5% |
| Outside investors | None |
Because Zoho is private, these percentages are as of the FY22 filings cited in court records and could have changed since. Older reports gave Sridhar Vembu a much larger stake: a 2019 article in the Sydney Morning Herald said he owned 88%, which is why the numbers vary between sources. 234
Is Zoho funded by investors?
No. Zoho has never raised venture capital, private equity or public-market money, and has funded its growth from operating cash flow. It has no funding rounds and no valuation set by an outside investor, although outside estimates put it at about $12.5 billion. Sridhar Vembu has said an IPO would conflict with the company’s long-term research and customer focus. 235
Who founded Zoho?
Sridhar Vembu and Tony Thomas founded the company in 1996 as AdventNet, which was renamed Zoho Corporation in 2009 after its shift to business apps. Vembu stepped down as CEO in January 2025 to become chief scientist, and co-founder Shailesh Kumar Davey took over as CEO. Our Zoho company page covers the history. 26
Why does Sridhar Vembu own only about 5%?
Zoho’s structure was reorganised in 2010, which folded the original AdventNet intellectual property into Zoho Corporation and reshaped founder stakes. In the divorce case, filings by Pramila Srinivasan allege that Vembu moved ownership stakes worth billions of dollars to his siblings without her consent. Vembu denies this and says his stake structure reflects business decisions and corporate restructuring. The allegations have not been decided here and are reported as the parties’ claims. 12
How big is Zoho?
Zoho passed one million paying customers and 150 million users in 2026, after 32% customer growth and 20% revenue growth in 2025. Its main Indian operating company is Zoho Corporation Private Limited, and its global headquarters are in Chennai, with corporate headquarters near Austin, Texas. 78
How rich are the Vembus?
Radha Vembu has been described by Hurun as India’s richest self-made woman, with a reported fortune of $5.7 billion in its 2024 list, while Forbes put Sridhar Vembu at $5.85 billion in 2024. See our guides to the self-made billionaires in India and the richest woman in India. 49
What happens next
Zoho has no plans to list, so its ownership will not be disclosed in quarterly filings, and the divorce proceedings are the main source of new information. For other bootstrapped or founder-led companies, read who owns Zerodha and who owns Infosys.
Frequently asked questions
Who is the owner of Zoho?
Zoho is owned by the Vembu family and co-founder Tony Thomas. Radha Vembu holds about 47.8%, Sekar Vembu about 35.2%, Tony Thomas about 8% and Sridhar Vembu about 5%, according to filings cited in court.
Does Zoho have outside investors?
No. Zoho is privately held and bootstrapped, with no venture capital, private equity or public funding.
Who is the CEO of Zoho?
Sridhar Vembu stepped down as CEO in January 2025 to become chief scientist, and co-founder Shailesh Kumar Davey took over as CEO.
How much is Zoho worth?
Reports value it at about $12.5 billion, though it is private and no outside investor has set a valuation.
