Company:Zoho Corporation

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Short description: Indian multinational technology company

Zoho Corporation
TypePrivate
Industry
Founded17 March 1996; 27 years ago (17 March 1996)
Founders
  • Sridhar Vembu
  • Tony Thomas
HeadquartersChennai, Tamil Nadu, India
Area served
Worldwide
Key people
  • Sridhar Vembu
    (chairman and CEO)
  • Radha Vembu
  • Sekar Vembu
Products
Services
RevenueIncrease ₹8,703 crore (US$1.2 billion) (FY23)[1]
Increase ₹2,836 crore (US$400 million) (FY23)[1]
Number of employees
15,000+ (2023)[2]
Subsidiaries
  • ManageEngine
  • Qntrl
  • Trainer Central
  • Gofrugal
  • Zakya
Websitezoho.com
zohocorp.com

Zoho Corporation is an Indian multinational technology company that makes computer software and web-based business tools.[3] It is best known for the online office suite offering Zoho Office Suite. The company was founded in 1996[4] by Sridhar Vembu and Tony Thomas and has a presence in seven locations with global headquarters in Chennai, Tamil Nadu, India, and corporate headquarters outside of Austin, Texas in Del Valle, Texas.[5][6] Radha Vembu, Sridhar Vembu's sister, owns a majority stake in the company.[7]

History

From 1996 to 2009, the company was known as AdventNet, Inc. and initially provided network management software.[8][9]

AdventNet expanded operations into Japan in 2001 and shifted focus to small and medium businesses (SMBs).[9]

Zoho CRM was released in 2005, along with Zoho Writer, the company's first Office suite product.[9] Zoho Projects, Creator, Sheet, and Show were released in 2006.[9] Zoho expanded into the collaboration space with the release of Zoho Docs and Zoho Meeting in 2007. In 2008, the company added invoicing and mail applications, reaching one million users by August of that year.[10]

In 2009, the company was renamed Zoho Corporation after its online office suite.[11] The company remains privately owned.[12]

In 2017, Zoho launched Zoho One, a comprehensive suite of over forty applications.[13] As of October 2021, Zoho One has been expanded to 50 applications.[14] The following year, in November 2022, Zoho worked with more than 50,000 organizations in more than 160 countries.[15][16]

Zoho reached more than 50 million customers in January 2020.[17] In July 2022, the company announced it had more than 80 million users.[18][19]

Zoholics India is the name of the company's annual user conference.[15]

Other products include Zoho Books, an accounting software, Zoho Workplace, an enterprise collaboration platform, Zoho Survey, a customer experience management tool, and Zoho People, an HR management platform.[15]

In March of 2023, Zoho collaborated with Payoneer, a financial technology company that assists with businesses to make transactions easier.[20] In April, Zoho also announced a new collaboration platform called Trident that helps users communicate across different channels via email, messages, audio/video calls, etc.[21][22]

In November 2023, Zoho announced partnership with StartupSouth to empower startups. [23]

Locations

Zoho is headquartered in Chennai, India. As of 2021, it has 12 offices operating in nine countries around the world.[6][24] The company operates in China and also has offices in Singapore and Japan . The bulk of its support operations are carried out from its office in Chennai.[25][26] Zoho also has an office in Renigunta, Andhra Pradesh and has been operating from this office since 2018.[27]

Its US headquarters was in Pleasanton, California[13] until it was moved to Del Valle, Texas in 2019.[5] In April 2019, Zoho purchased the land outside of Austin that was intended for their new headquarters. Instead, in February 2020, they built an organic farm as a food source and place for rest and recreation for its employees during the COVID-19 pandemic.[6][28] There, employees work out of existing structures.[5] Unused food is shared with the Central Texas Food Bank and other organizations.[28]

The research and development campus is in Estancia IT Park, Chennai. Zoho opened an office in Tenkasi in 2011, where their product Zoho Desk was built and launched.[29][30]

After the outbreak of COVID-19 Zoho[31] planned to open branches in rural areas in southern Tamil Nadu including Madurai and Theni. In February 2022, Zoho opened an office in New Braunfels, Texas, United States.[32] In July of that year, that location had 30 employees.[33]

In April 2022, Zoho opened an office in McAllen, Texas in the Rio Grande Valley, the company's third location in Texas.[34][35] In July 2022, the company announced plans to open an office in Lagos, Nigeria, its third African office.[36][33][37]

Zoho One train wrap on the CTA's 5000-series railcar (Loop-bound on the Purple Line)

See also

  • Arattai (Instant messaging app from Zoho Corporation)
  • Zoho.com, B2B cloud services division

References

  1. ↑ 1.0 1.1 "Zoho reports Rs 8,703 crore of revenue in FY23, PAT crosses Rs 2,800 crore" (in en). Moneycontrol. 1 February 2024. https://www.moneycontrol.com/news/technology/zoho-reports-rs-8703-crore-of-revenue-in-fy23-pat-crosses-rs-2800-crore-12175661.html. 
  2. ↑ Hariharan, Sindhu (6 September 2023). "Zoho crosses 100million user mark". The Times of India. https://timesofindia.indiatimes.com/business/india-business/zoho-crosses-100million-user-mark/articleshow/103426488.cms. 
  3. ↑ Sharma, Disha. "How SaaS poster boys Zoho and Freshworks ended up in a drag-out fight over alleged theft of ideas". The Economic Times. https://economictimes.indiatimes.com/prime/technology-and-startups/how-saas-poster-boys-zoho-and-freshworks-ended-up-in-a-drag-out-fight-over-alleged-theft-of-ideas/primearticleshow/81617747.cms. 
  4. ↑ Bagchi, Shrabonti (2021-07-29). "Sridhar Vembu's village lab" (in en). https://lifestyle.livemint.com//news/big-story/sridhar-vembu-s-village-lab-111627555674138.html. 
  5. ↑ 5.0 5.1 5.2 Egan, John (2021-12-17). "Austin-based tech company plugs into booming suburb with more than 100 jobs" (in en). https://austin.culturemap.com/news/innovation/12-17-21-tech-company-zoho-corp-office-austin-suburb-new-braunfels-100-jobs-bastrop/. 
  6. ↑ 6.0 6.1 6.2 Hartmans, Avery. "Employees at global software firm Zoho have turned the company's Austin headquarters into a fully functioning farm. It's become a respite during the pandemic, and could serve as a model for a new way of working." (in en-US). https://www.businessinsider.com/zoho-austin-headquarters-farm-coronavirus-pandemic-2020-11. 
  7. ↑ Sachmechi, Natalie. "Meet the World's 178 Newest Billionaires". https://www.forbes.com/sites/nataliesachmechi/2020/04/07/meet-this-years-newest-billionaires-178-newcomers-worth-369-billion/. 
  8. ↑ Vegesna, Raju (2009-05-27). "AdventNet Inc is now ZOHO Corporation". https://www.zoho.com/blog/general/adventnet-inc-is-now-zoho-corporation.html. 
  9. ↑ 9.0 9.1 9.2 9.3 Mukherjee, Sharmistha (2017-02-02). "How to build a global company from a small town: The Zoho story" (in en-US). https://techseen.com/2017/02/02/global-company-zoho-story/. 
  10. ↑ "How Sridhar Vembu's Zoho Corporation changed avatars since its inception in 1996 as AdventNet". The Economic Times. 2011-11-11. https://economictimes.indiatimes.com/india-emerging/how-sridhar-vembus-zoho-corporation-changed-avatars-since-its-inception-in-1996-as-adventnet/articleshow/10686644.cms. 
  11. ↑ Arakali, Harichandan (6 June 2016). "The Bootstrapped Buddhist: How Sridhar Vembu built Zoho". Forbes India. http://www.forbesindia.com/article/boardroom/the-bootstrapped-buddhist-how-sridhar-vembu-built-zoho/43383/1. 
  12. ↑ Kumar, K. Bharat (2016-05-08). "The maverick who shuns investors" (in en-IN). The Hindu. ISSN 0971-751X. https://www.thehindu.com/business/Industry/the-maverick-who-shuns-investors/article8573158.ece. 
  13. ↑ 13.0 13.1 "About Zoho - Our Story, List of Products". https://www.zoho.com/aboutus.html. 
  14. ↑ Finnegan, Matthew (2021-10-19). "Zoho One suite expands to more than 50 apps" (in en). https://www.computerworld.com/article/3636984/zoho-one-suite-expands-more-than-50-apps.html. 
  15. ↑ 15.0 15.1 15.2 "Now a $1 billion firm, Zoho announces new R&D investments" (in en). 2022-11-08. https://indianexpress.com/article/technology/tech-news-technology/now-a-1-billion-firm-zoho-announces-new-rd-investments-8256376/. 
  16. ↑ "Zoho celebrates the 5-year anniversary of Zoho One, announces over 80% growth in South Africa in the past year - Irvine Partners" (in en). https://www.bizcommunity.com/Article/196/793/233180.html. 
  17. ↑ Hariharan, Sindhu (2009-11-17). "Zoho achieves 50 million business users - Times of India". https://timesofindia.indiatimes.com/business/india-business/zoho-achieves-50-million-business-users/articleshow/71957362.cms. 
  18. ↑ Ladipo, Ebunoluwa (2022-07-28). "Zoho hits 38% annual growth, celebrates milestone investments" (in en-US). https://businessday.ng/companies/article/zoho-hits-38-annual-growth-celebrates-milestone-investments/. 
  19. ↑ "Zoho Corporation surpasses 80 Million Users, hits Milestone Investments, R&D". 2022-07-28. https://techbuild.africa/zoho-corporation-80-million-users-investments/. 
  20. ↑ "Payoneer Collaborates with Zoho to Provide a Seamless Payment Experience to their Customer Base" (in en). 2023-04-20. https://www.businesswire.com/news/home/20230420005214/en/Payoneer-Collaborates-with-Zoho-to-Provide-a-Seamless-Payment-Experience-to-their-Customer-Base. 
  21. ↑ Nath, Kanchan (2023-04-26). "Zoho launches new Unified Communications Platform and Collaboration Technology for Zoho Workplace" (in en-US). https://www.traveldailymedia.com/zoho-launches-new-unified-communications-platform-and-collaboration-technology-for-zoho-workplace/. 
  22. ↑ "Zoho unveils unified communications platform Trident" (in en). 2023-02-08. https://www.thehindubusinessline.com/info-tech/zoho-unveils-unified-communications-platform-trident/article66485806.ece. 
  23. ↑ https://technext24.com/2023/11/17/zoho-announces-partnership-startupsouth/
  24. ↑ "Cloud services firm Zoho to shift U.S. headquarters" (in en-IN). The Hindu. 2019-07-15. ISSN 0971-751X. https://www.thehindu.com/business/Industry/cloud-services-firm-zoho-to-shift-us-headquarters/article28446740.ece. 
  25. ↑ D'Monte, Leslie (24 November 2014). "Is Zoho the future of enterprise software?". Livemint (HT Media Ltd.). http://www.livemint.com/Industry/nUrZ1nF71fR0O95YXzzn3J/Is-Zoho-future-of-enterprise-software.html. ""Developers at zoho’s office in Ramapuram, Chennai. Zoho has around 2,600 employees, of which about 96% are based in India."" 
  26. ↑ "Zoho Corporation eyes 100 million users of its products in five years". Financial Express. 8 August 2015. http://www.financialexpress.com/article/industry/companies/zoho-eyes-100-million-users-of-its-products-in-five-years/113861/. 
  27. ↑ "Zoho Corporation opens office at Renigunta". The Hindu Business Line. 13 January 2018. https://www.thehindubusinessline.com/companies/zoho-corporation-opens-office-at-renigunta/article10031688.ece. 
  28. ↑ 28.0 28.1 "'Labor of love': Tech company swaps plans for glossy Del Valle campus for verdant working farm" (in en). 2021-04-27. https://austonia.com/zoho-farm/particle-4. 
  29. ↑ "How Zoho Aims To Put Tenkasi On The Map With Zoho Desk-A Product Built In The Downtown Of Nowhere". Inc42. 22 November 2016. https://inc42.com/buzz/zoho-zohodesk-tenkasi/. 
  30. ↑ "Zoho plans to set up offices in 100 rural districts to tap into local talent". The Economic Times. 2022-07-12. https://economictimes.indiatimes.com/tech/startups/zoho-plans-to-set-up-offices-in-100-rural-districts-to-tap-into-local-talent/articleshow/92830573.cms. 
  31. ↑ "ZoHo Corporation to set up 10 rural centres in south Tamil Nadu | Madurai News - Times of India" (in en). Oct 29, 2020. https://timesofindia.indiatimes.com/city/madurai/zoho-corpn-to-set-up-10-rural-centres-in-south-tn/articleshow/78921166.cms. 
  32. ↑ Herald-Zeitung, Steve Knight | The. "Global tech company establishes office in Saengerhalle in New Braunfels" (in en). https://herald-zeitung.com/community_alert/article_b54f019c-83af-11ec-bf33-2bebd0d87e5e.html. 
  33. ↑ 33.0 33.1 Brooks, Steve (2022-07-26). "Zoho impresses with Transnational Localism growth" (in en-GB). https://www.enterprisetimes.co.uk/2022/07/26/zoho-impresses-with-transnational-localism-growth/. 
  34. ↑ Martinez, Patricia (2022-04-24). "McAllen lands Zoho" (in en-US). https://riograndeguardian.com/mcallen-lands-zoho/. 
  35. ↑ Taylor, Steve (2021-12-27). "Patridge: McAllen EDC will soon be welcoming a microchip manufacturer to the RGV" (in en-US). https://riograndeguardian.com/patridge-mcallen-edc-will-soon-be-welcoming-a-microchip-manufacturer-to-the-rgv/. 
  36. ↑ Brooks, Steve (2022-06-27). "Zoho targets Africa with new discounts" (in en-GB). https://www.enterprisetimes.co.uk/2022/06/27/zoho-targets-africa-with-new-discounts/. 
  37. ↑ "Zoho Introduces New Product for SMEs, Gets Office in Lagos | Business Post Nigeria" (in en-GB). 2022-06-24. https://businesspost.ng/brands-products/zoho-introduces-new-product-for-smes-gets-office-in-lagos/. 

Further reading

External links



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