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About modern successful startup Zoho - By Jimit Patel
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2. Zoho Corporation Private Limited is
an Indian company,(It is best known
for the online office suite offering
Zoho.)
Founded by Sridhar Vembu in 1996.
The company started its operations
from a small apartment in the suburbs
of Chennai. (Now it's headquarter)
Zoho presence in seven locations
with its global headquarters
Zoho listed in Nasdaq
About Zoho & History
3. Zoho founder Sridhar Vembu comes from a
humble background. Sridhar was born in 1968 to
a farmer in a small village outside Thanjavur but
his dreams were big!
He dreamt of studying in an IIT and then moving
to the US and he successfully seized his
dreams.
He started his career in Qualcomm in 1994. Two
years later in 1996, he kickstarted his own
venture, AdventNet (Now Zoho) with his friend.
About Founders
Current CEO Sridhar Vembu
4. Zoho is one of those companies
that is bootstrapped yet successful.
Zoho has not raised any funding till
date.
Zoho has invested in 4 companies
and participated in 6 funding
rounds. Below are the details of
the investments made by Zoho.
Financing Resources
5. Zoho’s profit increased by 26.3% to $ 51.6
million in FY19 and has seen a 37.1%
growth in operating revenue to $ 330.8
million in the fiscal year 2019.
The company has made a revenue of $
12.1 million only from India, excluding the
export of services.
The revenue from the operations of the
company increased by 29% to $ 427.4
million during FY20.
Zoho's Growth and Revenue
6. Presently Zoho offers over 45 products. Zoho
Corporation has been divided into the following
three divisions:
Zoho's Products
Zoho.com - This division offers products
related to Online business, and
productivity and collaboration
applications.
ManageEngine - Offers Enterprise
Management tools.
WebNMS is the IoT software division of
Zoho Corporation.
7.
8. ‘Marketing through Engineering’ is Zoho’s ultimate business model. It
allows people to use their applications with no initial cost and it neither
earns through advertisements.
Zoho has over 10,000 employees and a turnover of $590 million as of
2020.
It’s only the products’ quality that is behind the successful business
model. Zoho, with its ‘freemium model’, allows for a free sign-up initially,
followed by specific charges for its premium upgrades.
Zoho's Business Model and Revenue Model
9. Zoho’s vision is to create
superior software to solve all
business problems.
The company’s investment is
more in developing its products
and customer support rather
than focusing on sales and
marketing.
Zoho's Vision and Mission
VISION - MISSION
10. Sridhar Vembu says that the company will
focus on expanding its distribution and
cloud connectivity to rural areas to boost
the local economy.
Zoho's Future Plans
FUTURE PLANS
Zoho’s vision is to restore
economic viabilities of rural
regions through effective cloud
technology, i.e., ‘Cloud-enabled
rural revival’.