Coffee King and Debt
Introduction Yesterday night, VG Siddhartha, owner of Cafe Coffee Day, had died. He was found dead in the Hoige Bazaar beach in Mangalore. He had emerged as one of the top entrepreneurs' in the world and also in 45th position in the table of most richest persons in the world. Also, he was the first entrepreneur in Karnataka to set up a coffee business. Other than coffee business, he has also started some other business like banana export, Daffco furniture, Global Technology Ventures, SICAL Logistics. He is also the son in law of S.M.Krishna, the former Chief Minister of Karnataka. Death Even tough he had been a successful entrepreneur, having a turn over around 2000 crores, he had more debt with high interest rate and even after trying to open and cop up on other businesses, the debt amount is still hasn't been cleared.This uncleared debt, and also in 2017, his house and office was raid by Income Tax officers, which led to a great con