“This is why choose to remain private,” Zoho’s Sridhar Vembu said. “We put our customers and employees first. Shareholders should come last.”

Zoho CEO Sridhar Vembu has responded to former CFO of Infosys, Mohandas Pai's post about the government’s decision of not selecting Bengaluru to set up the AI Centre Excellence.

Chennai's Zoho Corp plans to invest $200 million in a semiconductor fab in Tamil Nadu, pending government approval. Zoho is the third Indian applicant for such a license.

The billionaire CEO of Indian software MNC Zoho Corporation, Sridhar Vembu, shared with his followers on X that he wants to continue running Zoho as a private company.