Zoho Corporation

Last updated

Zoho Corporation Pvt. Ltd.
ZOHO
FormerlyAdventNet, Inc. (1996–2009)
Company type Private
Industry
Founded17 March 1996;28 years ago (17 March 1996)
Founders
Headquarters Chennai, Tamil Nadu, India
Area served
Worldwide
Key people
Products
Services
RevenueIncrease2.svg₹8,703 crore (US$1.1 billion) (FY23) [1]
Increase2.svg₹2,836 crore (US$360 million) (FY23) [1]
Number of employees
15,000+ (2023) [2]
Subsidiaries
  • ManageEngine
  • Qntrl
  • Trainer Central
  • Gofrugal
  • Zakya
Website zoho.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 in Del Valle, Texas. [5] [6] Radha Vembu, Sridhar Vembu's sister, owns a majority stake in the company. [7]

Contents

History

From 1996 to 2011, 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 application, 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) Davis 20180806 152844.jpg
Zoho One train wrap on the CTA's 5000-series railcar (Loop-bound on the Purple Line)

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References

  1. 1 2 "Zoho reports Rs 8,703 crore of revenue in FY23, PAT crosses Rs 2,800 crore". Moneycontrol. 1 February 2024. Retrieved 1 February 2024.
  2. ↑ Hariharan, Sindhu (6 September 2023). "Zoho crosses 100million user mark". The Times of India. Retrieved 1 February 2024.
  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. Retrieved 10 May 2021.
  4. ↑ Bagchi, Shrabonti (29 July 2021). "Sridhar Vembu's village lab". Mintlounge. Retrieved 30 November 2021.
  5. 1 2 3 Egan, John (17 December 2021). "Austin-based tech company plugs into booming suburb with more than 100 jobs". CultureMap Austin. Retrieved 11 January 2022.
  6. 1 2 3 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". Business Insider. Retrieved 11 January 2022.
  7. ↑ Sachmechi, Natalie. "Meet the World's 178 Newest Billionaires". Archived from the original on 5 June 2021. Retrieved 24 May 2020.
  8. ↑ Vegesna, Raju (27 May 2009). "AdventNet Inc is now ZOHO Corporation". Zoho Blog. Archived from the original on 28 December 2020. Retrieved 28 December 2020.
  9. 1 2 3 4 Mukherjee, Sharmistha (2 February 2017). "How to build a global company from a small town: The Zoho story". TECHSEEN. Retrieved 17 May 2022.
  10. ↑ "How Sridhar Vembu's Zoho Corporation changed avatars since its inception in 1996 as AdventNet". The Economic Times . 11 November 2011. Archived from the original on 21 August 2019. Retrieved 28 December 2020.
  11. ↑ Arakali, Harichandan (6 June 2016). "The Bootstrapped Buddhist: How Sridhar Vembu built Zoho". Forbes India . Archived from the original on 21 October 2016. Retrieved 21 October 2016.
  12. ↑ Kumar, K. Bharat (8 May 2016). "The maverick who shuns investors". The Hindu. ISSN   0971-751X. Archived from the original on 15 September 2020. Retrieved 22 July 2019.
  13. 1 2 "About Zoho - Our Story, List of Products". Zoho Corporation. Archived from the original on 21 December 2018. Retrieved 28 December 2018.
  14. ↑ Finnegan, Matthew (19 October 2021). "Zoho One suite expands to more than 50 apps". Computerworld. Retrieved 24 December 2021.
  15. 1 2 3 "Now a $1 billion firm, Zoho announces new R&D investments". The Indian Express. 8 November 2022. Retrieved 1 December 2022.
  16. ↑ "Zoho celebrates the 5-year anniversary of Zoho One, announces over 80% growth in South Africa in the past year - Irvine Partners". Bizcommunity. Retrieved 30 May 2023.
  17. ↑ Hariharan, Sindhu (17 November 2009). "Zoho achieves 50 million business users - Times of India". The Times of India. Archived from the original on 13 December 2020. Retrieved 11 January 2020.
  18. ↑ Ladipo, Ebunoluwa (28 July 2022). "Zoho hits 38% annual growth, celebrates milestone investments". Businessday NG. Retrieved 30 July 2022.
  19. ↑ "Zoho Corporation surpasses 80 Million Users, hits Milestone Investments, R&D". TechBuild Africa. 28 July 2022.
  20. ↑ "Payoneer Collaborates with Zoho to Provide a Seamless Payment Experience to their Customer Base". www.businesswire.com. 20 April 2023. Retrieved 1 May 2023.
  21. ↑ Nath, Kanchan (26 April 2023). "Zoho launches new Unified Communications Platform and Collaboration Technology for Zoho Workplace". Travel Daily. Retrieved 1 May 2023.
  22. ↑ "Zoho unveils unified communications platform Trident". www.thehindubusinessline.com. 8 February 2023. Retrieved 6 August 2023.
  23. ↑ "Zoho announces partnership with StartupSouth to empower startups, declares 50% growth in Nigeria". 17 November 2023.
  24. ↑ "Cloud services firm Zoho to shift U.S. headquarters". The Hindu. 15 July 2019. ISSN   0971-751X. Archived from the original on 7 November 2020. Retrieved 22 July 2019.
  25. ↑ D'Monte, Leslie (24 November 2014). "Is Zoho the future of enterprise software?". Livemint . HT Media Ltd. Archived from the original on 13 August 2015. Retrieved 5 August 2015. 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. Archived from the original on 8 August 2015. Retrieved 5 August 2015.
  27. ↑ "Zoho Corporation opens office at Renigunta". The Hindu Business Line. 13 January 2018. Archived from the original on 9 November 2019. Retrieved 27 February 2018.
  28. 1 2 "'Labor of love': Tech company swaps plans for glossy Del Valle campus for verdant working farm". austonia. 27 April 2021. Archived from the original on 11 January 2022. Retrieved 11 January 2022.
  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. Archived from the original on 28 February 2018. Retrieved 27 February 2018.
  30. ↑ "Zoho plans to set up offices in 100 rural districts to tap into local talent". The Economic Times. 12 July 2022. Retrieved 12 July 2022.
  31. ↑ "ZoHo Corporation to set up 10 rural centres in south Tamil Nadu | Madurai News - Times of India". The Times of India. TNN. 29 October 2020. Archived from the original on 21 May 2021. Retrieved 21 May 2021.
  32. ↑ Herald-Zeitung, Steve Knight | The (February 2022). "Global tech company establishes office in Saengerhalle in New Braunfels". Herald-Zeitung Online. Retrieved 22 February 2022.
  33. 1 2 Brooks, Steve (26 July 2022). "Zoho impresses with Transnational Localism growth". Enterprise Times. Retrieved 16 August 2022.
  34. ↑ Martinez, Patricia (24 April 2022). "McAllen lands Zoho". Rio Grande Guardian. Retrieved 16 August 2022.
  35. ↑ Taylor, Steve (27 December 2021). "Patridge: McAllen EDC will soon be welcoming a microchip manufacturer to the RGV". Rio Grande Guardian. Retrieved 16 August 2022.
  36. ↑ Brooks, Steve (27 June 2022). "Zoho targets Africa with new discounts". Enterprise Times. Retrieved 16 August 2022.
  37. ↑ "Zoho Introduces New Product for SMEs, Gets Office in Lagos | Business Post Nigeria". 24 June 2022. Retrieved 30 August 2022.

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