Just yesterday, the news of Cafe Coffee Day owner VG Siddhartha missing sent shock waves across the nation. On Monday, the businessman went missing from the Netravathi Bridge in Mangaluru after which the police launched a massive search operation in the area. In a concerning letter he left behind at his office, he expressed how he was harassed by tax officers and private equity partners.
— Hindustan Times (@htTweets) July 30, 2019
However, today it has been reported that VG Siddhartha’s dead body was found on the banks of the Netravathi river near Hoigebazar.
Cafe Coffee Day founder's body found 2 days after he went missing
— NDTV Videos (@ndtvvideos) July 31, 2019
According to sources, VG Siddhartha is the son of a renowned coffee plantation owner. After completing his Master’s from Mangalore University, he started his career as a management trainee trading in Indian stock market at JM Financial in 1983. Just a year later, he bought Sivan Securities and turned it into a successful investment banking and stockbroking company.
In 1992, Siddhartha started his coffee business known as ‘Amalgamated Bean Company Trading’ (now called Coffee Day Global). After its huge success, he opened the first CCD outlet in Bangalore in the year 1996, and the rest is history!
India is mourning the demise of VG Siddhartha and people have taken on social media to remember the man and their experiences in their beloved CCD.
Forget about dealing with markets/suppliers/customers/investors/employees/stake holders. Managing the systematic harassment by the State n it’s pliant agencies is the biggest challenge. IT, ED, CBI, ROC etc are the biggest impediments for ease of business https://t.co/3KOpweDDbC
— Karti P Chidambaram (@KartiPC) July 31, 2019
Very sad to know about the unfortunate death of Shri. V G Siddhartha. His contribution to Karnataka & India through his entrepreneurship shall be an example & always be remembered.
My deepest condolences to Shri. S M Krishna and family members & well-wishers of Siddhartha.
— Siddaramaiah (@siddaramaiah) July 31, 2019
Siddharth’s letter must be investigated. Risk & failure are an integral part of the entrepreneurial story. Suicide isn’t.
Hope govt reflects on its anti-business policies!
— Milind Deora मिलिंद देवरा (@milinddeora) July 31, 2019
— Raj Sharma (@rajbuzzz) July 31, 2019
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A sad day for the country losing a visionary entrepreneur #VGSiddhartha if someone as strong as VGS can break,anyone can break. So many marriages,dates,breakups,crushes,
friendships,jobs,business plans, career plans etc. happnd bcoz of him. @IncomeTaxIndia why so much pressure?🤨 pic.twitter.com/Ga3x7W4SYi
— MANUKUMAR (@the_manukumar) July 31, 2019
Among many memorable @CafeCoffeeDay
– this one touched me.
2010, I was traveling with my toddler son. Had forgotten to carry milk. I asked CCD to fill a bottle for me, charge me for 2 coffees. They refused to bill it. RIP #VGSiddhartha, your brand will live long. pic.twitter.com/eAalRNoYkO
— Nandita Iyer (@saffrontrail) July 31, 2019
Yes, Mr #VGSiddhartha created a chain of coffee shops where people bonded and forged relationships. But what I'll remember most with gratitude, as will many other women, is that a #CCD on the highways meant decent restrooms, a rarity till then.
— subha j rao (@subhajrao) July 31, 2019
Saddened & shocked at the way #VGSiddhartha ended his life. Had an opportunity to meet him briefly a few years ago; found him affable & gentle. RIP
Hope his family & friends at CCD find strength in this difficult time
— KTR (@KTRTRS) July 31, 2019
I had known #VGSiddhartha personally and was always amazed at his energy and positivity. Distressed by his disappearance. He has been an inspiring entrepreneur and investor.
— Sachin Bansal (@_sachinbansal) July 30, 2019
Somewhere in 2K15 i visited at #CCD for Ist time. So many precious memories revolve around that day at CCD.#VGSiddhartha Its too late now but in your afterlife hope you never feel like a failure because like me, there are many others who have had happy memories to relive at CCD. pic.twitter.com/BhMEPAd4YR
— Manish Chauhan (@Flavourmatrix) July 31, 2019
You may have hit troubled waters in your entrepreneurial journey, (pun unintended), but you have also inspired many to take up entrepreneurship in your #CCD outlets!
RIP ease of doing business in India#CafeCoffeeDay
— Ganeshan (@ganeshan_iyer) July 31, 2019
Rest in peace, Sir!