Definitely no: Zoho CEO Sridhar Vembu on company's IPO plans

Software company Zoho's CEO Sridhar Vembu, when asked about the company's IPO plans, said, "Definitely no IPO." Commenting on Zoho reaching a billion dollars in revenue, he told Moneycontrol, "Companies like Microsoft are at $200 billion revenue; Apple is at $400 billion plus. We are still a long way behind." Founded in 1996, Zoho is a bootstrapped company.