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The SUCCESFULL entrepreneur who initiated the idea of “café” in the India and it became some popular since the day he started its venture café coffee day. CCD have more than 1722 outlet across the country. V Siddhartha who is the founder of the café coffee day had gone missing in Karnataka the very next day his dead body found in river situated near to Mangalore. Everybody was in dilemma of what had happen or what went wrong. His business was running smoothly and making reasonable profit in last few years. Speculations were that it is very difficult to run a business in India due immense intervention of Govt. or there is liquidity crunch in his business. Apart from its listed company café coffee day, his unlisted venture are facing liquidity problem and there is handsome amount loan which he had to repay.
V Siddhartha, son-in-law of former Karnataka chief minister SM Krishna and the founder-owner of the chain of Cafe Coffee Day. Coffee tycoon V.G. Siddhartha is said to have been under severe financial stress before his death, with his flagship cafe chain's liabilities doubling to over 5,200 crore by the end of March 2019. His unlisted ventures for realty and hospitality had also availed loans from various entities. He also wrote in his suicide note his war with "serious liquidity crunch" and "tremendous pressure" from lenders and an unnamed private equity investor.
CCD was one of India’s top 20 leading exporters of coffee, according to the Coffee Board of India’s database. “Nobody can really fill in that space, currently. So everything about what happens ahead will depend on CCD’s survival.