“It is better to invest in people than to invest in real estate… I aim to do what we are doing in Tenkasi in about 100 rural districts (in India). 1,000-2,000 jobs will change the whole district, said Vembu Karnataka governmentProgram of the Department of Personnel and Administrative Reforms.
Zoho opened its office in 2011 in Tenkasi, a rural town in Tamil Nadu, with six employees and has 500 employees. Vembu said the software company’s presence has helped increase overall real income by 50-60% over a period of seven years, as well as support rural development such as the establishment of schools, shopping malls, movie theaters and new highways. is of. He said the company had hired an outside consulting firm last year to conduct a survey of the impact. Tenkasi has now become the headquarters of a new district in the state in 2019.
“It is very easy to find talent in the internal areas. Companies in Bangalore complain about lack of talent. But if I go to Tirunelveli and make a demand, around 1,000 people will come,” he said at a conference on bringing entrepreneurs and government closer for good governance organized by both the central and state government of Karnataka.
The company said it currently has three such rural centers and is looking for locations in Tier III and IV cities of Uttar Pradesh to set up an office.
As per the ROC filing, Zoho’s revenue from operations closed over 22.3% at Rs 5,230 crore for FY2011, while it posted a net profit of Rs 1,917.7 crore for the year, which more than doubled during the year – It is arguably India’s most profitable rhinoceros. Its global workforce was 10,800 employees.
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Vembu also pressured India to “master” the art of making capital goods to reduce dependence on imports from countries such as Japan, Germany and New Zealand. “The next project I am doing is to make capital goods that go to factories. It is mastering those capital goods that are so essential to our economic future,” he said.