Archive · 2 Feb 2026
Zoho Founder Sees Opportunity in Global Software Stock Tumble
Sridhar Vembu, the founder of Zoho, thinks the recent drop in global software stock prices is a good chance for Indian IT companies.
He says software companies, especially in the US, were too expensive for a long time.
Now, with prices coming down, Indian IT firms can help businesses switch to cheaper software.
He believes AI is not hurting the software industry but is making it more competitive and affordable.
This could help Indian companies get new projects and grow.
Sridhar Vembu sees the global software stock tumble as an opportunity for Indian IT companies.
He believes software companies were overvalued at 30-40 times earnings.
AI is increasing competition and reducing software costs, not destroying the industry.
Indian IT firms can help businesses switch to cheaper software, reducing costs by 60-80%.
The market slowdown could open new projects and long-term growth for Indian IT companies.
- Who
- Sridhar Vembu, founder of Zoho
- What
- Sees opportunity for Indian IT companies in global software stock tumble
- When
- During the recent market correction
- Where
- Global software market
- Why
- Due to overpriced valuations and increased competition from AI
- Person
- Sridhar Vembu
- Company
- Zoho
- Industry
- IT
- Market Condition
- Software stock tumble
- Opportunity
- Indian IT companies
- AI Impact
- Increased competition, reduced software costs
- Valuation Concern
- 30-40 times earnings considered overpriced
- Potential Cost Reduction
- 60-80 percent for businesses
