‘Imagine the challenge for other firms’: Bengaluru CEO on Zoho’s AI costs and salary hike freeze

Mint - Oct 14, 2026

Bengaluru-based CEO Pareekh Jain has flagged the potential pressure on software and SaaS companies following Zoho’s decision to withhold employee pay increases this year, citing rising AI costs. Jain pointed to Zoho’s India-heavy workforce and relatively low operating costs.

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