V. G.Siddhartha was an Indian Businessman and the founder of Cafe Coffee
V. G. Siddhartha Bio/Wiki
Name
V. G. Siddhartha
Nick name
Coffee King of India
Profession
Businessman
Date of Birth
Year 1959
Date of Death
31 July 2019
Place of Death
Netravati River, Mangaluru, Karnataka
Age (at the time of death)
60 Years
Death Cause
Suicide
Zodiac/Sun Sign
Not Know
Birth Place
Chikmagalur, Karnataka
Home town
Chikmagalur, Karnataka
Mother Tongue
Not Know
Parents/ Father
Gangaiah (Businessman)
Mother
Gangaiah (Businessman)
Brother
Not Know
Sister
Not Know
Siddhartha Family
V. G. Siddhartha Personal Life
School
Local school of Chikmagalur, Karnataka
College
Vokkaliga (traditionally identified as landlords and village headmen)
Education
Master’s in Economics from Mangalore University
Contact number
Not Know
Address
Sadashiv Nagar, Bengaluru
Religion
Hinduism
Caste
Vokkaliga (traditionally identified as landlords and village headmen)
Nationality
Indian
Car
Not Know
Controversy
2017 On September 21, the Department of Corporate Taxation raided 20 offices in Siddhartha in Karnataka and Goa. The income tax department claimed to have suspected tax evasion.
After graduation, his father wanted him to join the family business, but he wanted to do something on his own.
1983 He went to Mumbai and joined the financial firm JM Financial Limited as a management intern.
He was very close to the vice president of the company Mahendra Campani and called him Mahendra Bhai. He learned a lot from him and considered him his idol.
Working at JM Financial, he made money buying coffee plantations. When he finished work, he had about 3,000 acres of coffee plantations in his name.
He worked at JM Financial for two years and then returned to Bangalore to start his own business.
Upon returning to Bangalore, his father asked the capital to open his own business. His father gave him INR 7.5 Lacs and said: “If you lose him, you can go home.” Siddhart decided not to lose money.
For his safety, he bought a plot for 5 Lacs INR. He rented an office and installed the remaining money at his financial security firm Sivan Securities. His company was later renamed Way2Wealth Securities.
1994 He bought a mild coffee hardener in Hassan, Karnataka, and named it Amalgamated Bean Company. He soon opened retail stores throughout Bangalore, where he previously sold coffee powder from his estates.
Previously, he also exported coffee to various countries around the world, especially Brazil. Until 1995, As a result, his Amalgamated Bean Company became the largest exporter of coffee in India.
1995 He met with the owner of the German coffee company Tchibo. Owner Herz talked about how his company became the second-largest company in Europe in just five decades. This story inspired Siddhart, and he opened 450 outlets at the end of the year.
1996 He planned to open a cafe in Bangalore. He introduced the idea of a cafe to his business partner and his wife. They rejected his idea; because he wanted to charge 25 INR per cup when coffee was 5 INR per container.
The first Coffee Coffee Day (CCD) in 1996, Mr. Siddhartha opened the Brigadier Road in Bangalore. Until 2000. As a result, he created 22 cafes in South India, and 2007. After all, there were over 200 CCD stores in India.
2019 July 29, V.G. Siddhartha Dingo. He drove with his driver from Bangalore to Sakleshpur when he was suddenly asked to turn to Mangalore. Going to the bridge near Mangalore, he asked the driver to stop the car. Siddhart got out of the car and asked the driver to wait for him on the rear axle.
V.G. The driver of Siddhartha waited an hour to return, but then was excited and called. His phone was turned off, so he called his son and informed him, and after some searching, he went to the nearest police station and introduced him to FIR.
2019 July 30 Police began searches near the bridge and the Netravati River. 2019 July 31 at 7:43 a.m. Mangalore Police Commissioner Sandeep Patil reported that a body similar to V.G. Siddhartha was found and taken to Venlok Hospital in Mangalore for slaughter and family identification.
