Sridhar Vembu, the co-founder and CEO of Indian tech firm Zoho, has stepped down from his position to focus on artificial intelligence (AI) research and development. Vembu's decision comes as Zoho continues to expand its product offerings and explore new technologies.
Vembu will be succeeded by Raju Vegesna, who has been with the company for over 20 years. Vegesna will take over as the new CEO, overseeing the company's overall strategy and direction.
Vembu's decision to step down and focus on AI is a significant move, given the growing importance of AI in the tech industry. Zoho has already made significant investments in AI research and development, and Vembu's focus on this area is expected to drive further innovation and growth for the company.
Under Vembu's leadership, Zoho has grown into a successful software company with a range of products, including CRM, marketing automation, and productivity tools. The company has also expanded its presence globally, with offices in the US, Japan, and other countries.
Vembu's shift in focus to AI is expected to have a significant impact on Zoho's future direction and growth. As the company continues to innovate and expand its product offerings, Vembu's expertise and focus on AI will be instrumental in driving Zoho's success in this area.