Val Steed, CPA, CITP, MAcc’s Post

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Director Accountants at Zoho Corporation

Thanks Mallory Caminade. Many folks in the industry believe that Zoho management will eventually sell. I do not believe they will ever sell. Before I joined Zoho I had some deep discussions with executives on this topic. Not only is Zoho privately owned but many family members work for Zoho. As an Indian company we can operate without strict US nepotism rules. If you work for Zoho and you have family members that are skilled good workers they can also work for Zoho just not in the same reporting structure. So, we have a deep employee and family loyalty at Zoho which is very unique and helps us grow rapidly and maintain position as a strong player in the SaaS world. Evidence of what I say came right when the pandemic hit and our CEO Sridhar Vembu told all the managers that we will not let go of any employees. We made cuts in other places and did very well. Smart conservative management that is customer and employee focused makes a difference and will continue to set us apart from the greedy SaaS crowd.

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Our CEO, Sridhar Vembu, recounts the pivotal moment that solidified our decision to steer clear of external funding. Watch his full discussion with Aakash Chaudhry on Josh Talks about the allure of unicorn businesses, current tech trends, and more.  👉 https://zurl.co/PP4k

Mallory Caminade

US Events at Zoho Corporation

4mo

Thank you for this insight, Val! The backstory you've shared about the strength and contributing factors towards Zoho's withstanding company culture is both reassuring and enlightening.

Alexandru Armasu

Founder & CEO, Group 8 Security Solutions Inc. DBA Machine Learning Intelligence

4mo

Much thanks for your post!

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