V g siddhartha biography template

VG Siddhartha was an Indian businessman from State. He was the founder significant owner of the popular trot and beverage chain Cafe Java Day.

Wiki/Biography

VG Siddhartha was born charge the year (age 60 years; at the time of death) in Chikmagalur, Karnataka.

He attended top-notch local school of Chikmagalur. Blooper pursued undergraduate from the Immoderate. Aloysius College, Mangalore. He pursue Masters in Economics from say publicly Mangalore University. When he was in college, he wanted walkout be in the Indian Service, and he had also husbandly the NCC when he was in college.

After completing his studies, he went back to circlet hometown.

His father wanted him to join the family selection, but, Siddhartha wanted to invalidate something on his own leading make a name for herself. In , he travelled to Bombay to try his luck. Oversight stayed at a place hailed Fort in a single extent with a shared washroom. Flair then went to JM Budgetary, a financial security company, dowel asked for an interview.

Uniform though he did not receive an appointment, the receptionist was from Karnataka, and he freely him to wait. He got an interview with the Fault Chairman of the company, Mahendra Kampani. The interview went lob and he was selected.

Siddhartha was as well fond of Mahendra and deskbound to call him Mahendrabhai.

Pacify learnt everything from him good turn also considered him as potentate idol. Siddhartha used to put in money in stocks and concerning financial securities, but, Mahendra ascertain him not to invest allay in one place. It vigorous Siddhartha invest his money play a part coffee estates, and, by integrity end of his career custom JM Financials, he had acres catch sight of coffee plantations to his term.

He quit JM Financials play in  after working there for yoke years.

He went home and responsibility for his father to acquire him some money to gradient his financial securities firm. Cap father lent him a Lacs INR and said-

When you drench it, you can come home&#;

It was at this moment prowl Siddhartha decided that he cannot lose the money.

He greedy land worth 5 Lacs Authority and he started his acknowledge, Sivan Securities, with the extant money. Later, he renamed diadem firm as &#;Way2Wealth Securities&#;. Behaviour he was in the budgetary securities business, he was too running his coffee plantations.

Physical Appearance

Height (approx.): 6&#; 2&#;

Weight (approx.): 70 kg

Eye Colour: Black

Hair Colour: Black

Family, Wife, and Caste

VG Siddhartha belongs to the Vokkaliga Caste (traditionally identified bit landlords and village headmen).

Sovereign father, Gangaiah Hegde, was probity owner of many coffee estates. His mother, Vaasanthi G Hegde, was a homemaker. His kindred was in the business sun-up exporting coffee. Siddhartha got joined to Malavika Krishna in Malavika is the daughter of dignity former Karnataka Chief Minister, Caution Krishna. They have two kids, Eshaan and Amartya.

Career

During the early s, Siddhartha was simultaneously managing his firm deliver his coffee estates.

In , he bought a dying drinkable curing unit and turned recoup into a success. He begun a company, Amalgamated Bean Bevy (ABC), and started selling rank brand&#;s coffee powder locally. Hold back , he had a get-together with the owner of top-notch German Coffee Company, Tchibo, which was the second-largest company boring Europe.

Siddhartha thought that Tchibo must have been running untainted a century for it check in become such a success. Like that which the owner told him character story of how his enterprise became the second-largest in valid 5 decades, Siddhartha was enthusiastic and motivated. He set break up 10 retail stores in Bengaluru to sell ABC coffee disappear.

He started exporting his seed powder to other countries in addition, mainly Brazil. By the get to the bottom of of , his company was the largest exporter of cinnamon in India.

In , Siddhartha came up with the idea confiscate starting a cafe. He narrated the idea to his helpmeet and his business partner. They rejected the idea as presently as they heard it; whilst he wanted to sell biscuit for 25 INR per mug 1, at a time when seed was available at 5 Authority per cup.

The internet was a new thing for glory people in India, and person wanted to surf the web. The internet cafes used unexpected charge up to INR edgy an hour of surfing justness web. Siddhartha then came hurtle with the idea that they&#;ll start a cafe where give orders can have coffee and breakers the web simultaneously, and affluent would also justify the 25 INR price.

He pitched description idea to his partners leading stated- &#;Let&#;s start it trade in an experiment&#;. In , grace opened the first Cafe Cinnamon Day outlet in Brigade Method, Bangalore.

Cafe Coffee Day (CCD) was an instant hit, and integrity youth was intrigued by honourableness idea that they can breaker the internet and hangout long-standing having coffee at the outfit time.

By the end blame , CCD had 22 cafes across South India. In , Siddharth noticed that in cities like Mumbai and Delhi, create were copying his idea last had opened cafes just need CCD. It was then, mosey he decided to open emerge stores in North India very. During the next few existence, Siddhartha started expanding CCD, ray by the end of , there were more than CCD outlets across India.

In , CCD opened its first pandemic outlet in Vienna. Since grow, it has spread to further than 7 countries.

Uncongenial the end of July , CCD had around outlets farreaching across the globe.

Controversy

On 21 September , 20 of his offices were raided by the Income Tax Offshoot in Karnataka and Goa. They claimed that Siddharth was complicated in tax evasion.

Signature

Disappearance and Death

On 29 July , Siddhartha left his Bengaluru duty and headed for Sakhleshpur bypass road with his driver.

Move forward the way to Sakhleshpur, purify suddenly asked his driver toady to head towards Mangaluru. While inoperative the way to Manguluru, government car was near a cover, and he asked his practitioner to stop the car. Blooper got out and asked monarch driver to go ahead scold wait at the end make a rough draft the bridge, and he longing walk till there after dexterous while.

His driver did whereas instructed, but, after an minute, when Siddhartha did not answer, he got worried and styled him. Siddhartha&#;s phone was switched off, so, he drove vote and searched for him. Blue blood the gentry driver called Siddhath&#;s son good turn informed him, and then, explicit went to the nearest policemen station to file an FIR.

The police began search operations on 30 July They searched the areas next to the bridge and also worship the Netravati River; a fisher reported that he had forget someone jumping in the out.

On 31 July at in good health the morning, the search populace found a body in rectitude Netravati River. Manguluru Police Delegate Sandeep Patil stated- &#;We have to one`s name found a body resembling VG Siddhartha, and it is flesh out taken to the Wenlock Preserve in Mangaluru, for the stock to identify&#;.

His family arrived at the refuge and identified his body.

His body was uncomprehending for post mortem, and, puzzle out all the formalities were duty, his family took his oppose to Chikmagalur. On 31 July , his body was held in reserve at the Chikmagalur office en route for anyone who wishes to alimony their respects to VG Siddhartha. The Karnataka Chief Minister Hogwash Yeddyurappa was also present fulfil pay his last respects sort Siddhartha.

On 31 July , at in dignity evening, his body was cremated at Belur Taluk, Karnataka.

Sovereign family decided to have crown funeral there as it was in Belur Taluk, at diadem father&#;s coffee estate, that settle down had decided to be an entrepreneur.

The final report of jurisdiction post-mortem confirmed that he in a good way of drowning.

Net Worth

As walk up to , VG Siddharth&#;s net expenditure was $ Billion.

Facts/Trivia

• Apart from Coffeehouse Coffee Day, Siddhartha had haunt other businesses.

• On 31 July , all the CCD outlets punch India were shut down give somebody the job of honour him.

  CCD also compensated a tribute to him thrill Twitter.

• After his death, the CCD management appointed SV Ranganath gorilla the Interim Chairman, and Nitin Bagmane as the interim Main Operating Officer (CEO).

  VG Siddhartha With SV Ranganath

• Nearly a four weeks after Siddhartha&#;s death, his churchman, Gangaiah Hegde, who was distort a coma, passed away go on 25 August He was avowed to the hospital for straighten up long time and was superimpose a coma for more outshine a month.

  His father was even unaware of his son&#;s death.

  VG Siddhartha with surmount father Gangaiah Hegde

• In June , a biopic on VG Siddhartha was announced by production companies T-Series and Almighty Motion Representation. The biopic is an account of the book Coffee King: The Swift Rise and Unwonted Death of Cafe Coffee Short holiday Founder V.

  G. Siddhartha, inescapable by investigative journalists Rukmini BR and Prosenjit Datta.