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Zoho's Sridhar Vembu's networth is Rs 50,000 crore, but says his biggest happiness lessons come from people who have almost zero wealth

Zoho's Sridhar Vembu's networth is Rs 50,000 crore, but says his biggest happiness lessons come from people who have almost zero wealth

Time of India5 days ago
The concepts of joy and sorrow often vary from one individual to another, shaped by personal experiences, mindsets, and life circumstances. Billionaire entrepreneur
Sridhar Vembu
recently expressed his views on this theme through a social media post on X, offering insight drawn from his observations and life lessons.
He shared how, in his experience, those who endure extreme hardships frequently demonstrate greater hope, resilience, and strength than many who face fewer obstacles. According to him, these individuals manage to carry an infectious optimism despite their overwhelming difficulties. Rather than succumbing to bitterness, they greet adversity with smiles and often lift the spirits of others around them.
Vembu emphasized that unhappiness can sometimes be rooted in self-centered thinking. In his view, happiness is not merely a reaction to favorable events but a deliberate mental choice—something that can be cultivated regardless of one's circumstances. He reflected on how his interactions with people living through severe hardship have deeply shaped his understanding of inner strength and joy. Their ability to remain cheerful despite the odds teaches him daily about courage, perspective, and the true essence of emotional well-being.
by Taboola
by Taboola
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Undo
— svembu (@svembu)
Sridhar Vembu, born in 1968, is a highly accomplished Indian industrialist and the visionary behind
Zoho Corporation
. As of 2024, he ranks 39th on Forbes' list of India's wealthiest individuals, with a
net worth
estimated at $5.85 billion. In recognition of his contributions to the tech industry and the Indian economy, the Government of India honored him with the
Padma Shri
, the nation's fourth-highest civilian award, in 2021.
According to the October 9, 2024, edition of Forbes India's Top 100 Richest list, Vembu and his siblings hold the 51st spot with a combined fortune of $5.8 billion. His life story, however, began far from the world of billion-dollar valuations and global business acclaim. He was raised in a modest Tamil Brahmin household in a village in Tamil Nadu's Thanjavur district. After completing his undergraduate degree in electrical engineering from
IIT Madras
in 1989, Vembu went on to pursue higher studies in the United States. He earned both his master's and PhD degrees in electrical engineering from
Princeton University
in New Jersey.
His professional journey began at Qualcomm in San Diego, where he worked as a wireless engineer. He later relocated to the San Francisco Bay Area and resided in cities like San Jose and Pleasanton. In 1996, along with two of his brothers, Vembu launched AdventNet, a software company that initially served network hardware providers. Over time, the company rebranded itself as Zoho Corporation in 2009, shifting its core focus to providing cloud-based customer relationship management (CRM) tools and software solutions.
In 2019, Vembu made a significant lifestyle decision by moving to Tenkasi, a rural area in Tamil Nadu. This move reflected his philosophy of blending technological innovation with grassroots development. As of 2020, he retained a commanding 88% ownership in Zoho. His net worth at that time was estimated by Forbes to be around $2.44 billion, a figure that has more than doubled in the following years.
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India Poised to Become Global Air Cargo Hub – ACFI & ASCELA Insights Chart Roadmap for 2030 in its Knowledge Paper
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The Wire

time24 minutes ago

  • The Wire

India Poised to Become Global Air Cargo Hub – ACFI & ASCELA Insights Chart Roadmap for 2030 in its Knowledge Paper

ACFI signs MoU with TIACA and will be signing MoU's with Government Of Madhya Pradesh and Tripura New Delhi, Delhi, India (NewsVoir) Air Cargo Forum India (ACFI) and ASCELA Insights today released the knowledge paper titled 'India's Air Cargo Horizon – Seizing Global Reroutes, Regional Dominance and Resilience', which unveils a transformative vision to position India as a global air cargo hub. The knowledge paper was released today at the 4th ACFI Annual Conclave in New Delhi. With India's air cargo volumes projected to triple to 10 million metric tonnes per annum (MTPA) by 2030, the paper highlights the sector's rapid evolution, driven by the e-commerce boom, policy momentum, greenfield infrastructure and rising demand for high-value cargo, such as pharmaceuticals and perishables. As part of the strategic roadmap for the air cargo industry, ACFI is proud to announce landmark partnership with The International Air Cargo Association (TIACA) that will significantly bolster both regional connectivity and global knowledge sharing. Also, soon ACFI will be signing MoU's with Government of Tripura and Government of Madhya Pradesh. Speaking at the launch, Mr. Sanjiv Edward, President, ACFI, said, 'The Indian air cargo sector is at a pivotal inflection point and undergoing rapid transformation. At this crucial juncture, this knowledge paper outlines the strategic roadmap until 2030, infrastructure requirements, policy reforms, and the initiatives by the air cargo industry to achieve the ambitious target of 10 MTPA of air cargo volumes set by the Ministry of Civil Aviation, Government of India. This paper has laid down a clear action plan for all stakeholders of the industry. India is uniquely positioned to redefine global cargo corridors. With bold policy reforms and strategic investments, we can build a resilient, digitised, and world-class logistics ecosystem.' Shri. Piyush Srivastava, Sr. Economic Advisor, Ministry Of Civil Aviation said, "Air infrastructure today faces key global dichotomies—demand is rapidly growing in the Eastern Hemisphere, while critical services like manufacturing and MRO remain concentrated in the West. This imbalance is bound to shift. As demand grows, supply will follow. It's not just about 'Made in India'; it's about 'Make in India'—a strategic priority for us moving forward.' He further added, "The Aviation sector is highly sensitive to global geopolitical shifts. While events like the Red Sea crisis have offered temporary advantages for the Indian air cargo system. But prolonged airspace closures over Pakistan and over three years of the ongoing Ukraine-Russia conflict, have significantly disrupted operations and increased costs. These challenges are not only unpredictable but inevitable. The only sustainable path forward lies in embracing technology, innovation, and disruption.' Speaking at the launch, Dheeraj Rastogi, Principal Commissioner Customs, Delhi, 'India's customs operations have undergone a significant transformation—from early digitization efforts to the integration of advanced technologies such as artificial intelligence, blockchain, and risk-based segmentation,' stated Mr. Dheeraj Rastogi. These innovations have contributed to a substantial reduction in transaction costs and improved the overall efficiency of cargo processing.' He further added, 'Currently, 52% of air cargo is cleared on the same day, with average clearance time at Delhi Air Cargo reduced from 41 hours to 35 hours. The department remains committed to maintaining a fine balance between revenue mobilization, national security, trade facilitation, and legal compliance. Given the increasing complexities introduced by e-commerce, a collaborative, data-driven approach between industry stakeholders and regulatory authorities is imperative. Our collective goal must be to build a seamless, AI-enabled ecosystem that supports India's emergence as a global leader in air cargo logistics.' According to Mr. Glyn Hughes, Director General, TIACA, 'With TIACA representing the entire air cargo supply chain and ACFI representing the Indian air cargo industry, it is crucial we work together so that the world can receive Indian exports efficiently and bring the best practices achieved in other countries. Globally, every year, goods worth US$9 trillion are transported through air cargo, accounting for one-third of global trade. India is at the heart of the growing global trade, and we will work toward making air cargo an integral part of it. TIACA, with its global memberships, would be able to act as a support to the Indian air cargo industry in the fields of digitalisation, enhanced usage of modern technology, including AI and adoption of other global standards.' Together with the Ministry of Civil Aviation, ACFI is shaping a forward-looking roadmap to meet the growing demands of domestic and international logistics. These partnerships reflect ACFI's unwavering commitment to building a resilient, efficient and globally competitive air cargo ecosystem that supports India's economic aspirations. Key findings of the knowledge report • Capacity Concentration: 82% of air cargo is currently handled by just six airports (Delhi, Mumbai, Bengaluru, Hyderabad, Chennai and Kolkata), amplifying concentration risk and operational inefficiencies. • Growth Enablers: Digitisation, strategic airport locations in India, integrated multimodal corridors (PM Gati Shakti), and emerging connectivity in tier-2 cities. • Regulatory Gaps: Scalability of the sector is hindered by fragmented clearance systems, high dwell times (almost 12 hours for exports and 48 hours for imports) and limited transhipment readiness. • Investment Heatmap: High potential in cold-chain operations, Sustainable Aviation Fuel (SAF) production, automation and freighter fleet expansion. The secondary airports have the potential to play a critical role. The Government of India's initiative to significantly enhance air connectivity across India will give the required boost to the air cargo sector. At present, these secondary airports are underutilised due to poor infrastructure and limited airline networks. The report highlights the strategic action areas to triple air cargo handling to 10 MTPA by 2030. These strategic actions include: • Creation of transhipment hubs with 24x7 clearance and zero rescreening • National Unified Digital Clearance Window and Cargo Command Centres • Freighter acquisition incentives and plug-and-play terminals across regional hubs • ESG integration via green infrastructure, SAF blending, and inclusive workforce practices Global Inspiration, Local Action: Drawing on best practices from Singapore, Frankfurt and Dubai, the report advocates for modular warehousing, predictive slot allocation, and unified cargo community systems to manage rerouted and time-sensitive freight. The paper serves as a call to action for industry, government, and private stakeholders to forge collaborative pathways and enhance India's role in international trade and economic growth. 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India to boost rare earth magnet production to counter China's supply curbs: G Kishan Reddy
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Time of India

time25 minutes ago

  • Time of India

India to boost rare earth magnet production to counter China's supply curbs: G Kishan Reddy

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PM Modi highlights job creation through welfare, manufacturing push
PM Modi highlights job creation through welfare, manufacturing push

Business Standard

time27 minutes ago

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PM Modi highlights job creation through welfare, manufacturing push

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