V.G. Siddhartha

$1.15 B

Ranked #1605 in World

About V.G. Siddhartha

Veerappa Gangaiah Siddhartha Hegde, a prominent Indian entrepreneur from Karnataka and the visionary founder of Café Coffee Day, passed away on 29 July 2019. Born into a wealthy coffee planting family, Siddhartha transformed the Indian cafe landscape by launching Café Coffee Day in 1996, building it into a chain with over 1700 outlets by 2018. With a career that commenced at J M Financial Limited, he later founded Way2wealth Securities and the ABC trading company, significantly impacting the coffee trading sector. Siddhartha, a Master’s degree holder in economics from St. Aloysius College and Mangalore University, also made notable investments in technology and logistics, founding Global Technology Ventures Ltd and acquiring Sical Logistics Ltd. His entrepreneurial spirit was recognized with awards from The Economic Times and Forbes India. Siddhartha's tragic demise, reported as a suicide near the Nethravati River, marked the end of an era for Indian entrepreneurship.

Born

August 23, 1959 in Thanoodi, Mysuru State, India

Died

July 29, 2019 (aged 59)

Source Of Wealth

Retail

Industries

Fashion & Retail

Citizenship

India

Residence

Bangalore

Veerappa Gangaiah Siddhartha Hegde was born in 1958 or 1959 in the Chikkamagaluru district of Karnataka, India. He came from an affluent family of coffee planters and was the son of Gangaiah Hegde. Siddhartha completed his master's degree in economics from St. Aloysius College and Mangalore University.

V.G. Siddhartha: Family

Siddhartha was married to Malavika Krishna, the daughter of S. M. Krishna, a former Chief Minister of Karnataka. The couple had two children together, Amartya Hegde and Ishaan Hegde.

V.G. Siddhartha: Career Highlights

Siddhartha's career began in 1983–1984 when he joined J M Financial Limited as a management trainee. He later returned to Bangalore and started Sivan Securities with capital from his father. In 1999, he renamed Sivan Securities to Way2wealth Securities Ltd.

In 1993, Siddhartha established a coffee trading company called ABC in Karnataka. He also bought an ailing coffee curing unit in Hassan and successfully improved it. In 1996, he founded Café Coffee Day, a chain of coffee parlors that grew to over 1700 cafés in India by 2018.

Siddhartha held board seats in several companies, including GTV, Mindtree, and Liqwid Krystal. He also founded Global Technology Ventures Ltd. in 2000 to invest in Indian tech companies and established Global Village Tech Park as an incubator park in Bangalore.

Additionally, Siddhartha ventured into agriculture by planting banana trees on 3,000 acres and had plans to export bananas. He also acquired Sical Logistics Ltd., a logistics company, in 2011.

V.G. Siddhartha: Companies

Café Coffee Day
Sivan Securities
Way2wealth Securities Ltd.
ABC
Global Technology Ventures Ltd.
Global Village Tech Park
Sical Logistics Ltd.

V.G. Siddhartha: Major Achievements

Founded Café Coffee Day, one of India's largest coffee chains.
Established Global Technology Ventures Ltd. to invest in Indian tech companies.
Set up Global Village Tech Park as an incubator park in Bangalore.
Planted banana trees on 3,000 acres with plans to export bananas.

Acquired Sical Logistics Ltd., a logistics company.

V.G. Siddhartha: Awards & Achievements

"Entrepreneur of the Year" for 2002–03 by The Economic Times.
"NextGen Entrepreneur" by Forbes India in 2011.

V.G. Siddhartha: Personal Life & Legacy

Siddhartha was known for his entrepreneurial spirit and his contributions to the Indian coffee industry. He was also actively involved in philanthropy and supported various social causes. His sudden death in 2019 left a profound impact on the business community and the nation as a whole.

V.G. Siddhartha: Trivia

Siddhartha was an avid reader and had a personal library of over 5,000 books.
He was a passionate photographer and often shared his pictures on social media.
Siddhartha was a fitness enthusiast and enjoyed playing tennis and swimming.

Wealth History

Timeline

1958 or 1959

Veerappa Gangaiah Siddhartha Hegde was born in Chikkamagaluru district, Karnataka.

1983–1984

Siddhartha joined J M Financial Limited as a management trainee.

1993

Siddhartha established coffee trading company ABC in Karnataka.

1996

Siddhartha set up Café Coffee Day, a chain of coffee parlors.

1999

Siddhartha renamed Sivan Securities to Way2wealth Securities Ltd.

2000

Siddhartha founded Global Technology Ventures Ltd. to invest in Indian tech companies.

2002–03

Siddhartha was awarded "Entrepreneur of the Year" by The Economic Times.

2011

Siddhartha acquired Sical Logistics Ltd., a logistics company.

2011

Siddhartha was awarded "NextGen Entrepreneur" by Forbes India.

29 July 2019

Siddhartha went missing near the Nethravati River in Ullal, Mangalore.

31 July 2019

Siddhartha's body was found by fishermen at Hoige Bazaar beach.

V.G. Siddhartha : FAQs

What is V.G. Siddhartha's net worth?

As of 2015, V.G. Siddhartha's net worth was $1.15 billion.

What are V.G. Siddhartha's main sources of wealth?

V.G. Siddhartha's main source of income comes from Retail.

In which industry does V.G. Siddhartha primarily operate?

V.G. Siddhartha is primarily involved in the Fashion & Retail industry.

Is V.G. Siddhartha dead?

Yes, V.G. Siddhartha died on July 29, 2019 (aged 59).

How many children does V.G. Siddhartha have?

V.G. Siddhartha has 2 children.

Who was Veerappa Gangaiah Siddhartha Hegde and what is his connection to Café Coffee Day?

Veerappa Gangaiah Siddhartha Hegde was an Indian businessman from Karnataka, best known as the founder, chairman, and managing director of the cafe chain Café Coffee Day.

Can you detail the career milestones of Veerappa Gangaiah Siddhartha Hegde?

Siddhartha began his career at J M Financial Limited in 1983-1984, later founding Sivan Securities, which was renamed to Way2wealth Securities Ltd. He established ABC, a coffee trading company, in 1993, and went on to set up Café Coffee Day in 1996. He also founded Global Technology Ventures Ltd and acquired Sical Logistics Ltd in 2011.

How did Veerappa Gangaiah Siddhartha Hegde contribute to the business world outside of Café Coffee Day?

Beyond Café Coffee Day, Siddhartha served on the boards of several companies, founded Global Technology Ventures Ltd to invest in Indian tech companies, established Global Village Tech Park, and acquired Sical Logistics Ltd, showcasing his diverse business interests.

What were the circumstances surrounding the death of Veerappa Gangaiah Siddhartha Hegde?

Veerappa Gangaiah Siddhartha Hegde went missing on 29 July 2019 near the Nethravati River in Mangalore. His body was found at Hoige Bazaar beach on 31 July 2019, with reports suggesting apparent suicide by drowning as the cause of death.