Business solutions provider Zoho Corporation has become the first bootstrapped startup in India to cross the Rs 12,000 crore revenue milestone, with a steady 17.8% year-on-year growth. However, profit for the Shridhar Vembu-founded company remained flat during the period.

According to consolidated financial statements sourced from the Registrar of Companies, Zoho’s revenue nearly doubled over the past three fiscal years, from Rs 6,711 crore in FY22 to Rs 12,313 crore in FY25.

Business solutions provider Zoho Corporation has become the first bootstrapped startup in India to cross the Rs 12,000 crore revenue milestone, with a steady 17.8% year-on-year growth. However, profit for the Shridhar Vembu-founded company remained flat during the period. According to consolidated financial statements sourced from the Registrar of Companies, Zoho’s revenue nearly doubled over the past three fiscal years, from Rs 6,711 crore in FY22 to Rs 12,313 crore in FY25.

Geographically, North America remained the largest market, contributing 41% of revenue at Rs 5,028 crore. Asia and Europe followed with 30% (Rs 3,711 crore) and 23% (Rs 2,819 crore), respectively. The rest came from regions including Latin America, Africa, Australia, and New Zealand.

On the cost front, employee benefits emerged as the largest expense, accounting for 47% of the total costs. This cost rose by 29% to Rs 4,347 crore in FY25 from Rs 3,372 crore in FY24. Advertising and promotional expenses also surged by 31.3% to Rs 2,230 crore.

Overall expenditure increased 30.5% year-on-year to Rs 9,217 crore in FY25 from Rs 7,062 crore in FY24, led by higher spending on legal, server, data center, depreciation, and travel expenses. The sharp rise in costs outpaced revenue growth, which led to a slight decline in profits to Rs 3,191 crore in FY25, compared to Rs 3,299 crore in FY24. Notably, tax expenses, including deferred tax, increased to Rs 1,112 crore from Rs 820 crore, further weighing on the bottom line.

About Zoho

Zoho has been founded by Sridhar Vembu. Zoho Corporation is a major, privately held, and bootstrapped software company providing over 55 web-based business applications, including its flagship CRM, Zoho Books, and Zoho One. Founded in 1996 and based in Chennai, India, it caters to over 100 million users globally, emphasizing data privacy and affordable, in-house built solutions.