VG Siddhartha goes missing: Kunal Bahl, Harsha Bhogle share their fondest memories

In a letter to the CCD family, the owner apologised to his employees and board of directors for failing as an entrepreneur.

BCCL
In their tweet, Kunal Bahl (top R) & Harsha Bhogle (bottom R) said that they had met VG Siddhartha (L) socially a couple of times.
NEW DELHI: It has been a grim Tuesday since the news of the missing Coffee Day Enterprises (Cafe Coffee Day - CCD) Chairman and Managing Director starting doing the rounds on social media. While the company comfirmed, in a regulatory filing, that the VG Siddhartha was unreachable since Monday evening, many believe he might have committed suicide.

In a letter to the CCD family, the 60-year-old coffee brand owner apologised to his employees and board of directors for failing as an entrepreneur. The CCD founder confessed being under financial pressure. "I hope someday you will understand, forgive and pardon me," he added.



Various corporate leaders, personalities and celebrities took to social media to express shock and concern for the businessman.

Kunal Bahl, co-founder and CEO of Snapdeal, said that he will always consider Siddhartha as a successful entrepreneur who brought coffee in people's lives.


Cricket commentator Harsha Bhogle shared that Siddhartha introduced him to his ready-to-go brand of coffee (then called Drizzle, now FiltaFresh), which he still carries with him when travelling.
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The news shocked Amit Ranjan, co-founder of SlideShare. He called Siddhartha's note as a 'black letter day for startups & entrepreneurship in India'.


'Sacred Games' actress Kubbra Sait said that choked on the news. She also expressed that financial pressures can drive a motivated individual to unknown and unexpected places. 'Babumoshai Bandookbaaz' actress Bidita Bag said that Siddhartha's letter made her extremely sad.


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Deepak Ravindran - founder of Pirate Fund, and co-founder & CEO of NameInnoz - prays for his family, emphasising on Siddhartha's last call with CMO before he went missing.


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Mikkhail Vaswani, founder of cricket academy Cricfit, said that his morning coffee was not the same.



Siddhartha, the son-in-law of former Karnataka chief minister S M Krishna, was headed for Sakaleshpur but on the way he had asked his driver to go towards Mangaluru, according to the police. The missing businessman is married to Krishna's first daughter Malavika and the couple has two sons.

On reaching a bridge over the Netravati river in the Kotepura area in Dakshina Kannada district, he got down from the car and told his driver that he was going for a walk.

"He (Siddhartha) asked the driver to wait till his arrival. When he did not return even after two hours, the driver approached the police and lodged a missing complaint," deputy commissioner of Dakshina Kannada district Senthil Sasikant Senthil told a news agency.

According to the driver, Siddhartha had left Bangalore at 11 am on Monday and kept changing his destination from Chikkamangaluru to Hassan to Sakleshpur and finally Mangalore.

Basavaraj who was driving Siddhartha in Innova car before he went missing said, "I have been working for him for the past three years. On Monday I reported for duty from his residence at 8 am and drove him to his Vittal Mallya office and returned home at 11 am. At 12:30 he asked me to drive towards Sakleshpur and then later he asked me to drive to towards Mangalore and just before we were about to enter the Mangalore circle, he asked me to take a left because he wanted to visit some site."

The place where Siddhartha has been reported is just two to three kilometres from the sea. More than 200 policemen and divers on about 25 boats were carrying out searches for him.

The deputy commissioner said that sniffer dogs have also been pressed into service.

"The help of local fishermen is being taken in the search. We are checking who all he spoke to over phone," Mangaluru Police Commissioner Sandeep Patil said in a message to a news agency.

He made it to Forbes India's Richest list in 2014 and dropped off in the following year. But in 2015, he secured the 1605th position on the Forbes Billionaires list in 2015. In 2016, he dropped off from that list too.

Remembering VG Siddhartha, The Man Who Introduced Coffee Culture In India
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The disappearance and demise of Café Coffee Day owner VG Siddhartha left the country in shock. On Saturday, the coffee tycoon wrote a letter addressed to his 'Coffee Day' family where he apologised to them for failing as an entrepreneur and opened up about the pressure he had been dealing with. On Monday he went missing from Mangaluru, and 36 hours later his body was recovered by the fishermen in the city's Hoige Bazaar.

The tragic episode saw tributes pour in for the billionaire businessman, whose 'A lot can happen over a coffee' idea brought enthusiasts closer and sparked the trend of coffee dates in India.

Despite running a mega empire, the camera-shy 60-year-old tycoon preferred to stay away from the limelight and mostly maintained a low-profile.

The disappearance and demise of Café Coffee Day owner VG Siddhartha left the country in shock. On Saturday, the coffee tycoon wrote a letter addressed to his 'Coffee Day' family where he apologised t..
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Siddhartha was born in 1960 to coffee plantation owner Gangaiah Hegde in Chikkamagalur, Karnataka (his family has been in the coffee business for almost 130 years). Growing up in the district known for its coffee estates, the coffee baron completed his master's degree from Mangalore University.

During the early '90s, as a budding entrepreneur, he tied the knot with Malavika Hegde, the daughter of former Chief Minister of Karnataka, Indian Minister for External Affairs and Governor of Maharashtra, S.M. Krishna. They had two sons, Ishan and Amarthya.

Siddhartha was born in 1960 to coffee plantation owner Gangaiah Hegde in Chikkamagalur, Karnataka (his family has been in the coffee business for almost 130 years). Growing up in the district known f..
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He began his career at the age of 24 as a management trainee with JM Financial Limited in Mumbai, where he worked from 1983 to '84. In the mid '80s, he invested his earnings in the stock market on Chikkamagaluru's coffee plantations, and in 1984, bought an investment banking and brokering firm, Sivan Securities - that was later renamed to Way2Wealth Securities Ltd.

A few years later, using the money given to him by his father as capital, he bought a coffee unit in Hassan, and founded Amalgamated Bean Company Trading in 1993. Two years later, it became India’s largest green coffee exporter. Siddhartha grew coffee, sold and exported tonnes of it, earning millions from the business. The owner of 12,000 acres of coffee plantation, he also had 200 exclusive retail outlets selling his Coffee Day powder all over South India.

In 1996, he set up his first coffee outlet, naming it Café Coffee Day. The first CCD opened its doors at Brigade Road in Bengaluru.

Twenty-three years later, the brand now runs over 1700 outlets, making CCD the country's largest retail coffee chain. It also operates cafes in Austria, Malaysia, and Egypt.

With a burgeoning business to bank on, Siddhartha earned a spot on the 2014 Forbes India's Rich list. However, a year later, he dropped off.

He began his career at the age of 24 as a management trainee with JM Financial Limited in Mumbai, where he worked from 1983 to '84. In the mid '80s, he invested his earnings in the stock market on Ch..
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2017 proved to be the start of a professionally difficult time for Siddhartha, who was then also attending to his 94-year-old father at the time. The coffee tycoon found himself caught in the middle of a tax evasion case. 20 properties owned by him, in Bengaluru, Chennai, Chikkamagaluru and Mumbai, were subjected to a raid by the income tax department.

2017 proved to be the start of a professionally difficult time for Siddhartha, who was then also attending to his 94-year-old father at the time. The coffee tycoon found himself caught in the middle ..
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