Zoho founder on why he sees huge opportunity for Indian IT companies

2026-01-31 - 08:15

Zoho founder Sridhar Vembu believes falling software stock valuations present a significant opportunity for Indian IT services firms. He argues that many mature software companies were "massively over-valued" and unsustainable P/E ratios are correcting. Vembu suggests AI will accelerate competition, potentially leading to lower enterprise software costs and enabling Indian IT firms to offer cost-saving replacements for expensive platforms.