Sridhar Vembu, the founder of Saas major Zoho Corp, has stepped down from his role as the CEO of the company. Now, Vembu will take a new role as the chief scientist and focus on company's research and development (R&D) initiatives.
In Vembu's place, Zoho's co-founder Shailesh Kumar Davey will serve as the new group CEO. Meanwhile, Zoho USA will be looked after by co-founder Tony Thomas. Further, Rajesh Ganesan will lead Manage Engine division, and Mani Vembu will lead the Zoho.com division.
1 December 2025
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Taking to X, Vembu mentioned, "The future of our company entirely depends on how well we navigate the R&D challenge and I am looking forward to my new assignment with energy and vigor. I am also very happy to get back to hands on technical work."
B2B company Zoho provides business tools for communication and productivity.
In FY23, the company reported a revenue of Rs 8,704 crore which is a 30% increase from Rs 6,711 crore in FY22. Additionally, the company also reported a profit of Rs 2,836 crore compared to Rs 2,749 crore reported in FY22.
