“Zoho plans to set up offices in 100 rural districts to tap into local talent”
To take advantage of local talent, Zoho intends to open offices in 100 rural areas. Sridhar Vembu, the founder and CEO of Zoho Corporation, stated on Tuesday that he plans to alter 100 rural districts around India by opening offices, following the example of the Tenkasi district in Tamil Nadu.
“I want to replicate what we are doing in Tenkasi in about 100 rural regions because it is better to invest in people than in real estate. The district as a whole will change thanks to the 1,000–2,000 jobs “Speaking at an event for the Department of Personnel and Administrative Reforms of the Karnataka government.
With only six workers when it first began in 2011, Zoho now employs 500 people in the small Tamil Nadu town of Tenkasi.
The software company’s presence has helped entire real incomes jump 50-60% over seven years while also assisting in rural development such as schools, shopping malls, movie theatres, and new highways, Vembu added.
He said the company hired an external consulting firm last year to survey the impact. Tenkasi has now become the headquarters of a new district in the state in 2019.
“It is straightforward to find talent in the hinterlands. But if I go to Tirunelveli and put out a requisition, around 1,000 people will show up,” 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 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 and 3% to close at Rs 5,230 crore for FY21, according to ROC filings while it clocked a net profit of Rs 1,917.
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.”My next project is to make capital goods that go into factories.