Last week, every body across Karnataka, or maybe across India, become glued to the television to discover the fate of 1 guy — VG Siddhartha.
For many, he became largely an unknown face. The few who knew him have been conscious handiest of his identification as the owner of Café Coffee Day (CCD) — a series he had constructed for the reason that 1996.
That became until July 30 whilst the news of Siddhartha having gone lacking became splashed across television channels and the front pages of important news courses. After 36 hours of him going missing on July 29 evening, his body becomes determined at the morning of July 31 in the Netravati River near Mangaluru from wherein he had allegedly drowned.
Those 36 hours saw a multitude of reasons surface from individuals who slightly knew him to become specialists on matters related to Siddhartha.
There have been discussions and top time debates on Siddhartha’s agency, debt profile and the way mounting money owed and connection with politicians should have driven him to the extreme.
Suddenly, all his businesses from coffee to the actual estate have been scrutinized. Analysts began placing various on debt ranging anywhere between Rs three,500 crores and Rs eight,000 crores.
All based on a single letter, whose veracity is yet to be shown, purportedly written by way of Siddhartha on July 27.
But who becomes Siddhartha? According to his pals, Siddhartha changed into humble, unassuming and courageous. That is why, for people who knew him and grew up with him, the unexpected disappearance and news of his demise that accompanied changed into so uncharacteristic of him.
One of the espresso day board contributors advised CNN News18 that he/she too was greatly surprised through what had transpired. Siddhartha they’d regarded was nothing of that kind. He was a lot extra than that.
Vinay Madhav, Siddhartha’s neighbor from Chikkamagaluru and a close friend, said, “I actually have acknowledged Siddhartha from youth. He literally had solutions for the whole thing. You would continually see him smile even on the face of adversity.”
For this was no longer the primary time he had confronted public scrutiny. Madhav recounted a state of affairs whilst his father-in-regulation SM Krishna became Karnataka’s, Chief Minister.
Siddhartha had to cope with the accusation of cash laundering all through that point. “There becomes much publicity round it that time. When I met him he simply confirmed me few documents and said that he knew that at some point he might be affected and had evidence that might provide him a clean chit,” Madhav stated.
“But he did no longer need to accomplish that unless there is a need. That changed into the sort of man Siddhartha became,” he said.
Even as talks about the debt preserve, Madhav stated, Siddhartha had a penchant for information.
Siddhartha became more of a hands-on person. He cared about every element of his enterprise stepping into the nitty-gritty.
It changed into this interest to element that helped Siddhartha turn around Sivan Securities, the first business enterprise he bought with Rs 30,000 well worth shares in 1992 and construct an empire that now consists of actual estate, cement at one point and wealth control other than his coffee commercial enterprise.
Madhav talked about that Siddhartha changed into a visionary. “If you spot how he began CCD, it became started out as a cyber cafe in Brigade Road, first of its type in 1996.”