7/13/22, 12:32 PM Zoho news: Zoho plans to set up offices in 100 rural districts to tap into local talent

stricts to tap into local talent - The Economic Times

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Business News › Tech › Startups › Zoho plans to set up offices in 100 rural districts to tap into local talent

Zoho plans to set up offices in 100 rural districts

to tap into local talent

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Synopsis
​Zoho’s revenue from operations jumped over 22.3% to close at Rs 5,230 crore for FY21,

LIVE YOUR
according to ROC filings while it clocked a net profit of Rs 1,917.7 crore for the year, more
than doubling on year--making it arguably India's most profitable unicorn. Its global
headcount stood at 10,800 employees. DUBAI STORY
STORY
Agencies

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Zoho CEO Sridhar Vembu

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Zoho Corporation founder and chief executive Sridhar Vembu on Tuesday
said that he plans to emulate Tenkasi district model in Tamil Nadu and 1. Unacademy founders,
management to take pay
cuts; shut global test prep
transform 100 rural districts across India by setting up offices.
business

“It is better to invest in people than investing in real estate…my goal is to do 2. Byju’s $800 million funding
round yet to close; edtech
what we are doing in Tenkasi in around 100 rural districts (in India). The says Byju Raveendran
1,000-2,000 jobs will transform the entire district,” Vembu said while completed $400 million
infusion
speaking at Karnataka government's Department of Personnel and
https://economictimes.indiatimes.com/tech/startups/zoho-plans-to-set-up-offices-in-100-rural-districts-to-tap-into-local-talent/articleshow/9283057… 1/7
7/13/22, 12:32 PM Zoho news: Zoho plans to set up offices in 100 rural districts to tap into local talent - The Economic Times

Administrative Reforms event.

3. Cognizant rejig may make

digital arm nimbler, stem

attrition, say analysts
Zoho had opened its office in Tenkasi, a rural town in Tamil Nadu, in 2011 with
six employees and has 500 employees working out of the location. The
software company’s presence has helped entire real incomes jump 50-60%
4. How Elon Musk damaged
Twitter and left it worse off

over a seven year period while also helping in rural development such as
schools, shopping malls, movie theatres and establishment of new highways,
Vembu added. The company had hired an external consulting firm last year to 5. Lightspeed raises $500
million to invest in startups
survey the impact, he said. Tenkasi has now become headquarters of a new across India, Southeast Asia

district in the state in 2019.

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“It is very easy to find talent in the hinterlands. In Bengaluru, companies

complain about not having talent. But if I go to Tirunelveli and put out a
requisition, around 1,000 people will show up,” he said at a conference on Vote now to win vouchers worth
bringing entrepreneurs and government closer for good governance organised Rs 10 lacs*!
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by both the central and state government of Karnataka.

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The company said it has three such rural hubs right now and is scouting for
locations in tier III and IV towns in Uttar Pradesh to set up an office.

Zoho’s revenue from operations jumped over 22.3% to close at Rs 5,230 crore
for FY21, according to ROC filings while it clocked a net profit of Rs 1,917.7 crore
for the year, more than doubling on year--making it arguably India's most
profitable unicorn. Its global headcount stood at 10,800 employees.

Vembu also pressed for India to "master" the art of making capital goods to
reduce dependence on imports from countries like Japan, Germany and New
Zealand. “The next project I’m on is to make capital goods that go into
https://economictimes.indiatimes.com/tech/startups/zoho-plans-to-set-up-offices-in-100-rural-districts-to-tap-into-local-talent/articleshow/9283057… 2/7
7/13/22, 12:32 PM Zoho news: Zoho plans to set up offices in 100 rural districts to tap into local talent - The Economic Times

factories. It is mastery of those capital goods that are very essential for our Tweets by ‎@ETtech
economic future,” he said.

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Last Updated: plans
Jul to set
12, 2022, up offices
06:34 PM ISTin 100 rural districts to tap into local talent measures amid rising
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Coinbase's Brian Armstrong explains effici…
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