Zoho Corporation

Last updated

Zoho Corporation
ZOHO
FormerlyAdventNet, Inc. (1996–2009)
Company type Private
Industry
Founded17 March 1996;28 years ago (17 March 1996)
Founders
HeadquartersChennai, India
Area served
Worldwide
Key people
Products
Services
RevenueIncrease2.svg₹8,703 crore (US$1.0 billion) (FY23) [1]
Increase2.svg₹2,836 crore (US$340 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]

In 2023 Zoho opened Zoho Labs R&D divisions in Nagpur, India for developing data centre hardware. [38] [39]

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)

See also

Related Research Articles

Oracle Corporation is an American multinational computer technology company headquartered in Austin, Texas. In 2020, Oracle was the third-largest software company in the world by revenue and market capitalization. In 2023, the company’s seat in Forbes Global 2000 was 80. The company sells database software and cloud computing. Oracle's core application software is a suite of enterprise software products, such as enterprise resource planning (ERP) software, human capital management (HCM) software, customer relationship management (CRM) software, enterprise performance management (EPM) software, Customer Experience Commerce and supply chain management (SCM) software.

<span class="mw-page-title-main">Chennai</span> Capital of Tamil Nadu, India

Chennai, formerly known as Madras, is the capital city of Tamil Nadu, the southernmost state of India. It is the state's primate city and is located on the Coromandel Coast of the Bay of Bengal. According to the 2011 Indian census, Chennai is the sixth-most populous city in India and forms the fourth-most populous urban agglomeration. Incorporated in 1688, the Greater Chennai Corporation is the oldest municipal corporation in India and the second oldest in the world after London.

<span class="mw-page-title-main">Tata Consultancy Services</span> Indian multinational technology company

Tata Consultancy Services (TCS) is an Indian multinational company specializing in information technology services and consulting. Headquartered in Mumbai, it is a part of the Tata Group and operates in 150 locations across 46 countries. TCS is the second-largest Indian company by market capitalization.

<span class="mw-page-title-main">ICICI Bank</span> Indian private sector bank

ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara. It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.

<span class="mw-page-title-main">LinkedIn</span> Professional network website

LinkedIn is a business and employment-focused social media platform that works through websites and mobile apps. It was launched on May 5, 2003 by Reid Hoffman and Eric Ly. Since December 2016, LinkedIn has been a wholly owned subsidiary of Microsoft. The platform is primarily used for professional networking and career development, and allows jobseekers to post their CVs and employers to post jobs. From 2015, most of the company's revenue came from selling access to information about its members to recruiters and sales professionals. LinkedIn has more than 1 billion registered members from over 200 countries and territories.

<span class="mw-page-title-main">Ramco Systems</span> Indian IT Services company

Ramco Systems Limited is an Indian multinational enterprise software product & platform provider. Ramco Systems uses various technologies including ChatBot, AI, Facial Recognition, Voice-enabled navigation, Mobility and Cloud Computing in their products which include Global Payroll, Time and Attendance, Contract Workforce Management, Finance & Accounting, Asset Management, Transport Management and Warehouse Management. Founded in 1997, it is a part of the Ramco Group, and is headquartered in Chennai, Tamil Nadu, India, Ramco Systems operates in 30 locations across 35 countries. Ramco Systems’ sister company, Ramco Cements, is the fifth largest cement producer in India.

<span class="mw-page-title-main">UST (company)</span> American technology company

UST, formerly known as UST Global, is a provider of digital technology and transformation, information technology and services, headquartered in Aliso Viejo, California, United States. Stephen Ross founded UST in 1998 in Laguna Hills. The company has offices in the Americas, EMEA, APAC, and India.

<span class="mw-page-title-main">IIT Madras</span> Public engineering institution in India

The Indian Institute of Technology Madras is a public technical university located in Chennai, Tamil Nadu, India. It is one of the eight public Institutes of Eminence of India. As an Indian Institute of Technology (IIT), IIT Madras is also recognised as an Institute of National Importance.

<span class="mw-page-title-main">Zoho Office Suite</span> Online suite of business management software

Zoho Office Suite is an Indian web-based online office suite containing word processing, spreadsheets, presentations, databases, note-taking, wikis, web conferencing, customer relationship management (CRM), project management, invoicing and other applications. It is developed by Zoho Corporation.

<span class="mw-page-title-main">NetSuite</span> Technology company

NetSuite Inc. is an American cloud-based enterprise software company that provides products and services tailored for small and medium-sized businesses (SMBs) including accounting and financial management, customer relationship management (CRM), inventory management, human capital management, payroll, procurement, project management and e-commerce software. NetSuite was founded in 1998 with headquarters in Austin, Texas. The company is widely seen as the first cloud computing software company, with its founding pre-dating that of Salesforce by about a month.

Dropbox is a file hosting service operated by the American company Dropbox, Inc., headquartered in San Francisco, California, U.S. that offers cloud storage, file synchronization, personal cloud, and client software. Dropbox was founded in 2007 by MIT students Drew Houston and Arash Ferdowsi as a startup company, with initial funding from seed accelerator Y Combinator.

<span class="mw-page-title-main">Wipro</span> Multinational IT services and consulting company

Wipro Limited is an Indian multinational corporation that provides information technology, consulting and business process services. It is one of the six leading Indian Big Tech companies. Wipro's capabilities range across cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technologies, servicing customers in 167 countries.

<span class="mw-page-title-main">Sundar Pichai</span> CEO of Alphabet and Google

Pichai Sundararajan, better known as Sundar Pichai, is an Indian-born American business executive. He is the chief executive officer (CEO) of Alphabet Inc. and its subsidiary Google.

<span class="mw-page-title-main">Atlassian</span> Australian enterprise software company

Atlassian Corporation is an Australian-American software company that develops products for software developers, and project managers among other groups. The company is domiciled in Delaware, with global headquarters in Sydney, Australia, and US headquarters in San Francisco.

<span class="mw-page-title-main">Stripe, Inc.</span> Irish-American multinational financial services and SaaS company

Stripe, Inc. is an American multinational financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States and Dublin, Ireland. The company primarily offers payment-processing software and application programming interfaces for e-commerce websites and mobile applications.

<span class="mw-page-title-main">Software industry in Chennai</span> Third largest software exporter in India

Chennai is the third largest software exporter in India, next only to Bangalore and Hyderabad. India's largest IT park is housed at Chennai. Software exports from Tamil Nadu during 2017–2018 rose 8.8% per cent to touch 1,11,179 crore, involving a workforce of 780,000, and the city is the hub for deep tech startup companies. Many software and software services companies have development centres in Chennai, which contributed 14 percent of India's total software exports of ₹ 14,42,140 lakh during 2006–07, making it the third largest Indian city software exporter following Bangalore, Hyderabad and the city is the home for 7 top rated IT companies out of 15 in India. The Tidel Park in Chennai was billed as Asia's largest IT park when it was built. Major software companies have their offices set up here, with some of them making Chennai their largest base. Chennai is the largest hub for e-publishing, as there are 67 e-publishing units registered with the STPI and many Rs.8300-Cr data centers, digital hubs are in the process of development. A major reason for the growth of the Software industry are the top engineering colleges in Tamil Nadu, of which Chennai is a major contributor, have been a major recruiting hub for the IT firms. According to estimates, these engineering colleges and universities consistently generate about 50 per cent of the human resource requirements for the IT and ITES industry was being sourced from the state, particularly from Chennai. The total employment in the Tamil Nadu’s technology sector crossed the one million mark in the quarter ended June 2022.

<span class="mw-page-title-main">Meta Platforms</span> American multinational technology conglomerate

Meta Platforms, Inc., doing business as Meta, and formerly named Facebook, Inc., and TheFacebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. Meta ranks among the largest American information technology companies, alongside other Big Five corporations Alphabet (Google), Amazon, Apple, and Microsoft. The company was ranked #31 on the Forbes Global 2000 ranking in 2023. In 2022, Meta was the company with the third-highest expenditure on research and development worldwide, with R&D expenditure amounting to US$35.3 billion.

Radha Vembu is an Indian billionaire businesswoman and the owner of a majority stake in Zoho Corporation, an Indian software development company.

Sridhar Vembu is an Indian billionaire business magnate and the founder and CEO of Zoho Corporation. According to Forbes, he is the 55th richest person in India with a net worth of $3.75 billion, as of 2021. He was awarded India's fourth highest civilian award, the Padma Shri, in 2021.

<span class="mw-page-title-main">Freshworks</span> Software company

Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing. As of October 2023, Freshworks has over 60,000 business clients. Among these, more than 51,000 are small and medium-sized businesses (SMBs), defined as companies with no more than 250 employees.

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. ↑ Knight, Steve (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.
  38. ↑ Srinivas V, Vijay (12 March 2023). "India's SaaS industry bets on rural talent for further scale-up". livemint. Retrieved 13 August 2024.
  39. ↑ "PwC India, CWAS launch framework for ESG assessment of Indian cities". Business Standard. 3 December 2023. Retrieved 13 August 2023.

Further reading

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.