Clearing the air, Mr Vembu wrote on X, "I heard there is a "news" item going around about me joining politics. I burst out laughing when I heard this!"

Sridhar Vembu, who stepped down as the CEO of Zoho Corporation, set the record straight on speculation of him joining politics. "I heard there is a 'news' item going around about me joining politics.

Vembu founded a software development house for network equipment providers called AdventNet, which was renamed Zoho Corporation in 2009, focusing on providing SaaS support to customer relationship management services.

Zoho's Sridhar Vembu, known for his advocacy of traditional and culturally Indian philosophies online, stepped down from the position of CEO of Zoho earlier this week. He will now be taking the role of the chief scientist of the company.

As part of the leadership transition, Sridhar Vembu has handed over the role of group CEO to Shailesh Kumar Davey, a co-founder of the company.

Sridhar Vembu, Chief Scientist of Zoho Corporation, emphasizes the importance of leveraging India's unique strengths and opportunities rather than replicating China's approach. He highlights the necessity for grassroots innovation and the establishment of a national fund to foster Indian tech talent and foundation models.

Billionaire Sridhar Vembu has resigned as the CEO of his cloud-based business software company Zoho to take on a new role. While making the announcement on Monday, Vembu also introduced his successor for the chief executive role.