Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.
From a Network Management company called AdventNet in 1996 to introducing ‘Zoho Remotely’ to facilitate ‘work from home’ in 2020, the company ‘Zoho Corporation Private Limited’ has touched almost every corner of software development and web-based business implements. Zoho is an Indian software development company and IT business corporation which began its operations in 1996.
Sridhar Vembu and Tony Thomas Founded Zoho. Recently on the occasion of India's 72nd Republic Day (2021), Sridhar Vembu has been bestowed the Prestigious Padma Shri.
A moment of great honor and pride—the Government of India has bestowed the prestigious Padma Shri on our CEO, @svembu!
— Zoho (@zoho) January 26, 2021
Our heartiest congratulations to you. 🙏 #PadmaAwards2021 pic.twitter.com/MmSVKLrw6L
Know more about Zoho Success Story, Zoho Business Model, Funding, Revenue, Competitors, Company Profile and Growth of Zoho.
Zoho – Company Highlights
| Startup Name | Zoho |
|---|---|
| Sector | Software Development |
| Headquarters | Chennai India |
| Founded | 1996 |
| Founder | Sridhar Vembu, Tony Thomas |
| Parent Organization | Zoho Corporation Private Limited |
| Valuation | ~$1 Billion |
| Profit | Rs.516 crore (FY19) |
| Operating Revenue | Rs.3308 crore (FY19) |
| Website | www.zoho.com |
| contact | info@zohocorp.com |
About Zoho
Zoho - Products
Zoho – Founders and Team
Zoho – Vision and Mission
Zoho – Name, Tagline, and Logo
Zoho – Funding and Investors
Zoho – Growth and Revenue
Zoho – Business Model and Revenue Model
Zoho – Competitors
Zoho – Future Plans
Zoho - FAQs
About Zoho
Zoho Corporation Private Limited is an Indian company, founded by Sridhar Vembu and Tony Thomas in 1996. The company started its operations from a small apartment in the suburbs of Chennai. Zoho was initially named ‘AdventNet’, and the only service offered was Network Management.
AdventNet was doing well, and the company acquired clients from the Bay area and Silicon Valley. Cisco was one of their first clients. AdventNet expanded its operations in Japan by June 2001. However, the 2001 dot com bubble burst, came as a huge blow to the company. In 2002, the number of customers was reduced from 150 to just 3.
This is the time when Sridhar realized that to survive, the company needs to diversify its services. AdventNet thus started to offer many other services other than network management. Today Zoho offers over 45 software products. AdventNet was renamed Zoho Corporation in 2009.
Zoho - Products
Zoho Corporation has been divided into the following three divisions -
- 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.
Presently Zoho offers over 45 products.
Zoho CRM - Released in 2005. Zoho CRM (customer relationship management software) is being used by over 250000 businesses across 180 countries. Zoho CRM helps businesses manage their sales, marketing and customer service activities all from a single platform.
Zoho Writer - This is a cloud-based word processor. Zoho writer allows one to create documents and collaborate with the team members in real-time.
Zoho Sheet, Zoho Creator, Zoho Show, Zoho Meeting, and Zoho Docs are some other popular products by Zoho. Zoho reached one million users by the year 2008. With over 13 million users in 2014, Zoho became one of the largest subscription businesses.
Zoho eventually propelled in almost every sector of sales, finance, communication, and marketing. The company brought in a greater digital transformation with more than 50 million users in 2019, and introduced ‘Zoho Remotely’, a toolkit to expedite work-from-home.
Jeenal Jain
Zoho – Founders and Team
Zoho was founded by Sridhar Vembu and Tony Thomas in 1996
Zoho founder Sridhar Vembu comes from a humble background. Sridhar studied in a Tamil Medium Government School till 10th standard. He graduated in 1989 from IIT Madras. Sridhar received a scholarship to do MS and Ph.D. in Electrical engineering from Princeton University in New Jersey. He started his career in Qualcomm in 1994. Two years later in 1996, he started his own venture AdventNet along with his brothers and Tony Thomas, who is also an IIT Madras graduate. Sridhar Vembu was awarded the Padma Shri, on the occasion of India's 72nd Republic Day (2021). Sridhar is the 59th richest man in India, according to Forbes 2020.
Zoho cofounder Tony Thomas worked at Bell Labs, before founding AdventNet. Sridhar and Tony both had similar interests in business and technology which led them to build their massive venture. Now, Zoho operates with around 10,000 employees.
Parnas Ghosh
Zoho – Vision and Mission
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 – Business Model and Revenue Model
‘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.
“A lot of the cloud companies are moving away from the freemium model. We still believe in it strongly because, for us, the economics is, we want to get as many users as possible first. Get them to use our product strongly — we actually track usage very heavily — and then since we have a portfolio, they will discover more and more of the Zoho suite, and then they end up buying something”, says Sridhar Vembu, founder, and CEO of Zoho.
Zoho – Name, Tagline, and Logo
The name ‘Zoho’ was the result of the abbreviation “Small Office Home Office”, says founder Sridhar Vembu. Before, the company’s tagline is ‘Made in India. Made for the world’.
Arbaaz sayed
Zoho – Funding and Investors
Major investors in Zoho are Zenedge, Zentron Labs and Boston Motors. Its recent funding was raised on May 2020, for an undisclosed amount led by Boston Motors.
Funding details are given below:
| Date | Stage | Amount | Lead Investors |
|---|---|---|---|
| May 30, 2020 | Seed Round - Boston Motors | - | Boston Motors |
| Aug 23, 2019 | Seed Round - Boston Motors | - | Boston Motors |
| Dec 20, 2016 | Seed Round - Zentron Labs | $516K | Zentron Labs |
| Sep 08, 2016 | Series C - Zenedge | $6.2M | Zenedge |
| Nov 24, 2014 | Corporate Round - Zentron Labs | - | Zentron Labs |
| Jan 31, 2013 | Seed Round - Zentron Labs | $524K | Zentron Labs |
Zoho – Growth and Revenue
Zoho’s profit increased by 26.3% to Rs.516 crores in FY19 and has seen a 37.1% growth in operating revenue to Rs.3308 crores in the fiscal year 2019. The company has made a revenue of Rs.121.07 crores only from India, excluding the export of services.
Zoho has 60 million users worldwide and counts Levi's, Amazon, Philips, Whirlpool, Ola, Xiaomi, and Zomato among its clientele.
Zoho utilized all its assets effectively that resulted in its overall turnover ratio of 0.93. Zoho has made a total of five investments in companies such as Boson Motors, Zentron Labs, and Zenedge.
Disha
Zoho – Competitors
Major competitors of Zoho are Freshworks, Salesforce, Oracle, Pipedrive, HubSpot, and QuickBase.
Zoho – Future Plans
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 vision is to restore economic viabilities of rural regions through effective cloud technology, i.e., ‘Cloud-enabled rural revival’.
Devashish Shrivastava
Zoho - FAQs
How much is Zoho Revenue 2020?
The revenue of Zoho in 2020 is US$590 million.
Is Zoho Indian Company?
Yes. Zoho is an Indian company headquartered in Chennai, India
What is Zoho Tagline?
Zoho's tagline is "Made in India. Made for the world"
Who is Sridhar Vembu?
Sridhar Vembu is the Founder of Zoho. He was awarded the Padma Shri, on the occasion of India's 72nd Republic Day (2021).
What does Zoho company do?
Zoho is a SaaS company that offers online software, including e-mail, word processors, spreadsheets, wikis, and even customer relationship management.
What companies use Zoho?
Advanced Technology Services, Inc., ALTUS, Inc., Amazon India are the top companies that use Zoho CRM.
Author: Mandagiri Praveen Kumar Reddy
Source : https://startuptalky.com/zoho-success-story/
Date : 2021-08-26T13:05:00.000Z
Thank you for writing such an phenomenal good. you can always check my website for more similar posts like this.
ReplyDelete