Cafe Coffee Day founder VG Siddhartha's business empire

NEW DELHI:

Cafe Coffee Day

founder

VG Siddhartha

had a complex structure of over 50 subsidiaries. This also includes estimated value of businesses according to Siddhartha, as mentioned to the board in his letter, at a total of over Rs 18,000 crore compared to his debt of over Rs 6,500 crore.


Authorities have recovered the body of coffee baron from the Netravati river in Dakshina Kannada district of Karnataka on Wednesday, after his disappearance on Monday sparked speculation that he was facing intense financial pressure.

A letter, purportedly written by Siddhartha, blamed a "private equity partner" for pressuring him into a share buyback, and tax authorities for "harassment" and decisions that hurt the company's liquidity.



Here's an outline of Siddhartha's business structure:

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