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Zoho Stays Private for R&D, Eyes Tech Sovereignty
23 Jan
Summary
- Nations require control over core technologies for sovereignty.
- Zoho launches a homegrown ERP solution initially for Indian businesses.
- The company will remain private to focus on long-term R&D investments.
Sridhar Vembu, founder and chief scientist of Zoho, has stressed the vital importance of technological sovereignty for nations in today's tech-saturated world. He stated that controlling core technologies is now essential for a nation's sovereignty.
Zoho has launched a new enterprise resource planning (ERP) solution developed in India, specifically aimed at local businesses. This initiative aligns with the government's Make in India and Atmanirbhar Bharat agendas.
Vembu also confirmed Zoho's commitment to remaining a private entity, eschewing an Initial Public Offering. This decision allows the company to reinvest significantly into long-term research and development without succumbing to short-term market pressures.
The company's R&D-driven approach is exemplified by its ERP offering, which took nearly five years to develop. Zoho plans a phased global rollout for the ERP after its initial launch in India, positioning it as a key growth engine.
