Zoho, the Chennai-headquartered global technology company, with a $1 billion revenue, is currently experiencing a slump in growth compared with last year. However, Sridhar Vembu, CEO and co-founder, Zoho, is confident of steady recovery, "The growth has slowed down compared to last year, but we are still growing at a very vibrant rate. I actually believe we can accelerate it based on all of the new product announcements we made recently. Our steady investments in research and developments (R&D) coupled with a SaaS consolidation, will be our pillars of support. Zoho is seen as one of the companies that has a long-term staying power. With our product stack, many struggling companies are benefiting and that's our growth accelerator," Vembu said.
The company launched Vikra, a seller app on the Open Network for Digital Commerce (ONDC), and Zoho IoT, a low-code platform for developing and deploying custom Internet of Things (IoT) solutions. Furthermore, the company is venturing into manufacturing, with projects lined up in semiconductors, power tools, drones, medical technology, amongst others. That is also happening. amongst others. It is advancing into contextual intelligence vision, applying AI technology to enhance customer experience and offer deeper insights. This commitment is helping Zoho become a preferred partner for large enterprises and government institutions across India.
This story is from the November 2024 edition of Entrepreneur magazine.
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This story is from the November 2024 edition of Entrepreneur magazine.
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