Zoho Corporation A Detailed Case study & Business Model 2021

Zoho corp case study
TypePrivate
IndustryTechnology Information technology Software development Cloud computing
Founded17 March 1996; 25 years ago
FounderSridhar Vembu Tony Thomas
HeadquartersChennai, Tamil Nadu, India
Area servedWorldwide
Key peopleSridhar Vembu (CEO) Radha Vembu Sekar Vembu
ProductsOnline office suiteCRM software
ServicesOnline office suite, online business management tools
RevenueIncrease 4,385 crore (US$610 million) (2020)
Operating incomeIncrease ₹800 crore (US$110 million) (2020)
Total assetsIncrease US$570.7 million (2019)
Number of employees10,000+ (2021)
SubsidiariesManageEngine WebNMS
Websitezoho.com
zohocorp.com

Zoho Corporation A Detailed Case study – This is an extraordinary story because I will tell about one of the most underrated Legends of India in this case study. So, This is the story of who went from being an ordinary employee to becoming one of India’s biggest social entrepreneurs, and he has a net worth of $2.6 billion.

Moreover, We can say that this the story of a man who runs a revolutionary experiment that can solve the unemployment crisis in India by turning out the remotest villages of India into the tech-hub of the world.

Founder of Zoho Corporation A Detailed Case study

Founder of Zoho Corporation A Detailed Case study

The person I am talking about is the CEO of Zoho Corporation and goes by the name Sridhar Vembu. He is a Princeton graduate who had a perfect job in Silicon valley startup Qualcomm. But he left his job when he realized that there are so many Indian Engineers working at curial positions in multiple billion-dollar companies worldwide. And yet, very few Indian companies were strong contenders in the software industry.

So, Sridhar Vembu decided to step into the ring to build a software company that can empower the youth of India. So, that’s how he started Zoho corporation.

Zoho Corporation A Detailed Case study

Sridhar started Advernet, which then became Zoho corporation in 2009; Zoho is an India-based multinational technology company specializing in software as service, cloud computing, software development, and far more services provided related to the online office suite. It was founded by Sridhar Vembu and Tony Thomson in 1996. Zoho’s global headquarters is located in Chennai, India. It has a presence in 12 locations worldwide, with its global including Australia, America, and China, with corporate headquarters in California with an estimated net worth of $5 billion. But after few years of starting Zoho corporation, Sridhar faced 2 major problems. In Zoho Corporation A Detailed Case study & Business Model.

  • Unemployment crises in India
  • Lack of Skills among youngsters

Zoho University – Zoho Corporation A Detailed Case study & Business Model 2021

Zoho University

In 2004 Shridhar Vembu starting something new called Zoho University, and here’s where they started on board and trained students with skillsets and abilities at a very young age. And the unique thing about this university is that Instead of asking for fees and donations from students, Zoho paid a stipend of 10000/ month through the tenure of a 2-year course.

During this intellectual training, they taught English, Mathematics, Programming, and everything that needed to turn an ordinary kid into a skilled able Employee. And the next amazing thing is that about this university is that, after completing the course, they get recruited into Zoho itself with an attractive package regardless of their degree. Because Zoho believes skillset and ability are far more valuable than paper credentials and some stupid degrees.

So, through this, the student gets the golden opportunity to uplift their family from all economic challenges forever.

Zoho University dezired specially to empower the youngsters from the villages of India.

An amazing Story of Zoho Corporation.

An amazing Story of Zoho Corporation. The story of abdul alim

So, Abdul Alim, an ordinary security guard working a 12-hour shift at Zoho, but one fine day one of his seniors decided to tap into his potential and started training him. And fast forward to a few months later, today Abdul Alim works as an engineer and takes up technical projects in the very same company where he was working as a security guard.

And today close to 10% of the entire workforce of Zoho Corporation Consist of ordinary kids like Abdul Alim.

Today, Zoho is experimenting with these models in different villages of Tamil Nadu and building software for the most developed countries in the world, including the USA, China, Australia from the villages of Tamil Nadu.

Zoho Corporation A Detailed Case study & Business Model 2021

Why Shridhar vembu is a legend

Now people while of us dream about having corner offices in the city of Manhattan. Vembu sir believe that village offices would be the future of work, as village economies begin to prosper. Which why despite having offices in seven countries including the USA, China, Austalia Sridhar sir, stays in a small village named Mathulamparai, which is about 650km away from Chennai and he operates his 5 Billion dollar company from the village itself. Now, this what you called practicing what you preach. This is the biggest reason why I am called a Lagend. that’s why people called him legend.

Business Model of Zoho Corporation Business Model

Business Model of Zoho Corporation case study
  1. First Zoho get the ordinary kids in the Zoho University and provide on Board training to them with skillset and ability at a very young age and the unique thing of this system is that instead of asking fees and donation from the student Zoho pays the student a stipend of 10000/month to throughout the tenure of the 2-year course
  2. During this extensive training, Zoho university taught to the student’s mathematics English, Programming, and every other subject that is needed to turn an ordinary kid into a skill able employed
  3. After the completion of the course, they get recruited in Zoho itself with an Attractive package regardless of their degrees.

Through this Zoho business model, these Students get the golden opportunity to uplift their families from all economic challenges forever.

Instead of giving out donations for a short-term impact through this model, Sridhar sir creates a long-term impact and also makes a Billion dollar profit.

So this how Shridhar sir creates a direct bridge between Academics and Industries wherein companies get skillful employees and people can get amazing job opportunities in this competitive world.

Financial performance of Zoho Corp

Zoho corporation a detailed case study

Zoho Corp has reported a 29% increase in its consolidated revenue in the financial year 2020. In 2020 Zoho corporation earned INR 4300+ crore in revenue and its profit increased by 800 crores as compared to the Financial year 2019.

Not just that Zoho’s profit doubled by its last preceding years and touch 2500 cr revenue in a single year.

Moreover, Zoho spends 54% of its profit on employee benefits Ex – Providing onboard and trained to them.

Funding of Zoho Corporation A Detailed Case study

  • Zoho has made a total of 5 investments. On May 30, 2020, was the most recent investment when Boson Motors raised
  • Zentron labs have invested $524K in Zoho corp on 31 Jan 2013 in their seed round funding. And this is the first investment in Zoho corp.
  • On Nov 24, 2014, Zentron labs again invested in Zoho corporation in their corporate funding round.
  • Zenedge has invested $6.2 Million on 8 Sep 2016 in Zoho corporation series round C.
  • Again On 20, Dec 2016, Zentron lab has invested in Zoho corporation in their seed round funding.
  • On May 30, 2020, was the most recent investment when Boson Motors raised

Acquisitions

Zoho has acquired epoise on March 7, 2017

ePoise provides a service through software that helps the users prepare for interviews through video lessons and feedback from the other users.

In Conclusion

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Zoho Corporation Case Study & business model

Is Sridhar Vembu a Billionaire?

Sridhar Vembu is the founder & CEO of Zoho Corporation, and he has a net worth of $2.6 Billion. He is a Princeton graduate who had a perfect job in Silicon valley startup Qualcomm. But he left his job when he realized that there are so many Indian Engineers working at curial positions in multiple billion-dollar companies worldwide. And started Zoho corporation.

Who is the founder & CEO of Zoho Corporation?

Sridhar Vembu is the founder & CEO of Zoho Corporation, and he has a net worth of $2.6 Billion. He is a Princeton graduate who had a perfect job in Silicon valley startup Qualcomm.

What is the Net worth of Zoho corporation?

Zoho corporation founded in 1996. Zoho is an India-based multinational technology company specialising in software as service, cloud computing, software development, and far more services related to online office suites with a net worth of $5 billion.

What is the unique thing about Zoho University?

In 2004 Shridhar Vembu starting something new called Zoho University and here’s where they started on board and trained students with skillsets and abilities at a very young age. And the unique thing about this university is that Instead of asking for fees and donations from students Zoho paid a stipend of 10000/ month through the tenure of a 2-year course.

Who is Abdul Alim

Abdul Alim was an ordinary security guard working a 12-hour shift at Zoho, but one fine day, one of his seniors decided to tap into his potential and started training him. And fast forward to a few months later, today Abdul Alim works as an engineer and takes up technical projects in the very same company where he was working as a security guard.

Is Zoho an Indian Company

Yes, Zoho is an Indian company.
Sridhar started Advernet, which then became Zoho corporation. In 2009, Zoho is an India-based multinational technology company specialising in software, cloud computing, software development, and far more services related to the online office suite. It was founded by Sridhar Vembu and Tony Thomson in 1996. Zoho’s global headquarters is located in Chennai, India. It has a presence in 12 locations worldwide, with its global including Australia, America, and China, with corporate headquarters in California with an estimated net worth of $5 billion.


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