Zoho's CEO Sridhar Vembu Steps Down, Assumes 'Chief Scientist' Role

Sridhar Vembu, founder and CEO of software major Zoho Corporation, on Monday stepped down as the CEO to serve as the company's chief scientist.

In a post on X social media platform, Sridhar Vembu who was touted as 39th richest person in India with a net worth of $5.85 billion last year and was awarded India's fourth highest civilian award, the Padma Shri, in 2021, said he will now oversee deep research and development initiatives.

Zoho offers software and related services on subscription to businesses in several countries.

"In view of the various challenges and opportunities facing us, including recent major developments in AI, it has been decided that it is best that I should focus full time on R&D initiatives, along with pursuing my personal rural development mission," he wrote.