It has more than 100,000 customers in over 100 countries and counts Microsoft as its leading competitor. It is possibly India's most untold software success story, perched at the cutting edge of cloud computing.
Zoho Corporation, functioning from a trendy IT park surrounded by coconut trees in the Chennai suburb of Porur, is also breaking a popular myth that Indians are good for cheap-labour based services and not high-value products.
If many still have not heard of the company, it must be because it shuns the things that ambitious software companies are often in the news for: raising venture capital, going public with a share issue, borrowing from banks to expand or getting acquired.
"On those fundamental principles, we are not budging," says Raju Vegesna, 37, Zoho's chief evangelist . "We keep getting calls from venture capitalists but Sridhar (CEO) has even blogged asking them not to bug us."
If growth-based valuations are an indication, Zoho would easily surpass the storied Flipkart among current startups, but the company wants to stay private. It also matches up to India-made iflex solutions, acquired by Oracle and surpasses Finacle, the banking products division of Infosys.
Article Courtesy of Hindustan Times