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Who was V G Siddhartha

V G Siddhartha

About V G Siddhartha

Who was V G Siddhartha

V G Siddhartha, the son-in-law of former Karnataka chief minister S M Krishna, was born in Karnataka’s Chikkamagaluru district in a family that had been in the business of coffee plantation for around 140 years.
 
Siddhartha is credited with creating India's largest coffee empire — Café Coffee Day.
 
He was known to be an individual who effortlessly wore many hats — as a smart investor and a die-hard entrepreneur. Right after earning a masters degree from the Mangalore University, Siddhartha dabbled in the stock market. Since his 20s, he believed investment was a mind game. At 24 in 1983, he left the
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Latest Updates on V G Siddhartha

Are wives more resilient than their husbands in business leadership?

Malavika Hegde of Cafe Coffee Day joins a small league of wives who have gone on to rewrite the future of their companies after the untimely demise of their husbands. What accounts for their tenacity?

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Updated On : 29 Dec 2020 | 7:52 AM IST

Coffee Day appoints late founder V G Siddhartha's wife as CEO

Daughter of former Karnataka chief minister SM Krishna, she was earlier non-exec director at the firm; has been named at a time when the company's growth continues to decline

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Updated On : 07 Dec 2020 | 11:51 PM IST

Coffee Day Enterprises seeks more time to submit quarterly earnings

After the demise of VG Siddhartha, the conglomerate is facing liquidity crunch owing to higher interest outgo towards servicing debt.

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Updated On : 29 Jan 2020 | 9:00 PM IST

Coffee Day Enterprises to sell brokerage business to Shriram Trust

Shriram Ownership Trust is the promoter of Shriram Capital, which is the holding company for its NBFC and insurance businesses.

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Updated On : 23 Jan 2020 | 11:20 PM IST

CCD sees better working capital flows but no moratorium on loan repayments

In September, CDEL decided to sell the Global Village Tech Park to private equity major Blackstone and realty firm Salarpuria Sattva Group for Rs 2,700 crore

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Updated On : 08 Nov 2019 | 10:14 PM IST

CCD promoter's death led to liquidity crisis, impacting Q2 results: Sical

The company has reported a pre-tax loss of Rs 43.19 crore for the quarter ended September 30, 2019, compared with a Rs 7.77-crore profit before tax during the same quarter last year

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Updated On : 08 Nov 2019 | 9:02 PM IST

CCD ropes in former CBI DIG to probe Siddhartha's letter, scrutinise books

Audit firm EY which was earlier given the task opted out owing to certain conflict of interest

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Updated On : 31 Aug 2019 | 1:25 AM IST

A lot can happen over coffee

CCD's biggest achievement has been to get a predominantly tea-drinking country (especially the North & West) to take to coffee with such gusto

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Updated On : 10 Aug 2019 | 12:39 AM IST

Coffee Day to expand board, Siddhartha's wife to be non-executive chairman

After the resignation of Sulakshana Raghavan last week, the board is planning to induct two independent directors soon

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Updated On : 10 Aug 2019 | 1:00 AM IST

Coffee Day board appoints EY for audit; to choose strategic advisor soon

In its last board meet held on July 31, the board had roped in law firm Cyril Amarchand Mangaldas as its legal counsel to advise on related matters

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Updated On : 09 Aug 2019 | 2:05 AM IST

Siddhartha refused trappings of power

When word got around in the MEA that Siddhartha and Malavika were going to New York and would be with Krishna, protocol officers went to Delhi airport to see off the couple.

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Updated On : 04 Aug 2019 | 10:22 PM IST

V G Siddhartha's death: Wrong to project us as villains, say PE leaders

They say the notion that PE investors leverage bait-and-switch to lure promoters and entrepreneurs into lose-lose situations through debt products is misleading

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Updated On : 03 Aug 2019 | 10:58 PM IST

Failure a tremendous experience, increases probability of success: Nilekani

Vinod Khosla was of the view that more money an entrepreneur raises initially, the less likely he or she is going to succeed

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Updated On : 03 Aug 2019 | 9:52 PM IST

CCD crisis: Without failure, you can't have big success, says Vinod Khosla

He says that there are a lot of start-ups in India now than five years ago

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Updated On : 03 Aug 2019 | 2:55 AM IST

CCD crisis: Sical to deleverage firm, subsidiaries after Siddhartha's death

Tanglin Retail Reality Developments, part of the group, has a 50.2 per cent stake in the logistics and supply chain solutions company

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Updated On : 02 Aug 2019 | 8:55 PM IST

The interests of the Revenue

Private sector must be a partner of the Revenue, not an enemy

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Updated On : 02 Aug 2019 | 8:52 PM IST

Coffee Day board not to take up results for June quarter next week

Siddhartha's body was recovered from a river near Mangalore on Wednesday after he went missing earlier this week

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Updated On : 02 Aug 2019 | 9:00 PM IST

Complex holdings may hit fundraising plans of Coffee Day Enterprises

A complex holding structure and unrelated businesses clubbed under one roof could have been the reasons that prompted investors to shun the stock, experts say

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Updated On : 02 Aug 2019 | 2:51 AM IST

CCD crisis: Business failures should not be taboo, says Nirmala Sitharaman

Parliament approves changes in IBC, providing greater clarity over distribution of proceeds of auction of loan-defaulting companies

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Updated On : 02 Aug 2019 | 1:30 AM IST

Coffee king Siddhartha's death exposes India's mounting debt crisis

Siddhartha's death marks a tragic turn for an admired member of India's business elite and an executive closely connected to the highest echelons of the political sphere

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Updated On : 01 Aug 2019 | 10:05 AM IST