In a remarkable turn of events on the 360 ONE Hurun India Rich List 2023, Radha Vembu, a self-made entrepreneur and an alumnus of the prestigious Indian Institute of Technology (IIT), has claimed the title of India's wealthiest self-made woman, surpassing Falguni Nayar. With a staggering net worth of Rs 36,000 crore, Radha Vembu has ascended to the pinnacle of financial success, while Falguni Nayar now holds the 86th position among India's 100 richest individuals. This striking development was announced as Mukesh Ambani, the head of Reliance Industries, reclaimed the top spot on the coveted rich list.
Radha Vembu's Journey to the Top Radha Vembu, a 50-year-old visionary, co-founded the renowned software company Zoho, becoming not only a prominent business figure but also the richest woman in Tamil Nadu. Working closely with her brother Sridhar Vembu, who serves as Zoho's CEO and co-founder, Radha Vembu has masterminded her way to success. While she possesses a substantial 47.8% stake in Zoho, her brother, Sridhar Vembu, owns a more modest 5% share of the company.
Sekar, another sibling of Radha Vembu, is also a shareholder in Zoho but prefers to maintain a low profile. In 2022, Zoho registered profits amounting to approximately Rs 2700 crore. Radha Vembu's colossal wealth predominantly stems from her ownership of Zoho Corp, a leading provider of cloud-based business software solutions.
Radha Vembu's Journey: A Tale of Resilience Hailing from humble beginnings, Radha Vembu's father, Sambamurthy Vembu, worked as a stenographer at the Madras High Court. Radha Vembu pursued her academic journey at IIT Madras, where she obtained a degree in industrial management. Her early education took place at the National Higher Secondary School in Chennai.
Competing with Tech Giants Zoho Corp faces fierce competition from industry giants like Microsoft, Oracle, Salesforce, and others. In response to the changing work landscape during the COVID-19 lockdown in 2020, Zoho introduced a remote work toolkit called Zoho Remotely, aimed at aiding businesses in transitioning to a work-from-home model. Radha Vembu's ascent to the pinnacle of India's richest self-made women serves as a testament to her unwavering determination and entrepreneurial acumen.
