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Will Zoho Go Public? CEO Sridhar Vembu Says IPO Could Clash with Company Vision
Speculation over a Zoho IPO continues, but CEO and co-founder Sridhar Vembu has reiterated that the software giant is not in a hurry to go public.
In a recent post on X, Vembu explained that several of Zoho’s key initiatives, including its messaging app Arattai, might never have been developed under the financial pressures faced by public companies.
"Arattai would very likely not have been built by a public company that faces quarter-to-quarter financial pressure. It was a ‘hopelessly foolish’ project, and even our employees had expressed skepticism that it would gain traction," Vembu wrote.
Focus on Long-Term Innovation
Vembu stressed that Zoho’s priority is building strong engineering capabilities in India (Bharat). The company is pursuing ambitious projects across compilers, databases, operating systems, security, hardware, chip design, robotics, and artificial intelligence. Many of these R&D-heavy initiatives are not expected to generate immediate profits.
"Zoho is a kind of industrial research lab that also makes money to fund itself. We essentially ignore short-term profits, as long as we don’t lose money," he added.
Vembu also highlighted the frugal lifestyle of Zoho’s leadership, likening it to ISRO scientists, emphasizing a focus on long-term growth and innovation rather than quarterly gains.
While investors and analysts may continue to speculate about a Zoho IPO, the company’s stance makes it clear that strengthening its engineering base and funding R&D projects takes precedence over entering public markets.
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Published: Sep 29, 2025
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