Tue Jan 28 07:17:18 IST 2025: **Zoho Founder Sridhar Vembu Steps Down as CEO, to Focus on R&D**

**BENGALURU, INDIA** – Sridhar Vembu, founder and CEO of Zoho Corporation, has stepped down from his CEO role to become the company’s Chief Scientist. Vembu, a prominent figure in India’s tech industry, will now focus on research and development, particularly in artificial intelligence and deep tech. Co-founder Shailesh Kumar Davey has been appointed as the new CEO.

The announcement marks a significant shift for the $1 billion software giant, which achieved over Rs 8,000 crore in revenue and Rs 2,800 crore in profit in FY23. Vembu’s decision reflects Zoho’s strategic shift towards prioritizing research and development, as he has previously stated. The company plans to integrate its various technologies, including AI and cloud computing, to develop next-generation solutions. Zoho is also expanding into new areas such as semiconductors and e-commerce.

Other news highlights include information on the Traders Gurukul’s BOTS options trading summit, and a brief mention of current market information, including Sensex and Nifty updates and top gainers and losers in the crypto market. However, detailed information on these topics is not provided in the source text.

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