V.G. Siddhartha Net Worth is885 $Million
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Birth Place: Chikkamagaluru, Karnataka, India
Religion: Indian
Residence: Bangalore, Karnataka, India
Occupation: Chairman of Amalgamated Bean Coffee Trading Company Ltd (ABCTCL)
Spouse: Malavika
Alma Mater: Mangalore University
V. G. Siddhartha is an Indian businessman from Karnataka. He is best known as the founder-owner of the chain of Cafe Coffee Day outlets.
Siddhartha Hegde (now known V. G. Siddhartha) obtained a Masters in Economics degree from Mangalore University, Karnataka. He married the daughter of S. M. Krishna, former Chief Minister of Karnataka and former Indian Minister for External Affairs.
After doing his Masters he decided to join J M Financial Services (now J M Morgan Stanley) in Mumbai as a management trainee/intern in trading on the Indian Stock Market under Mr. Mahendra Kampani. After a two-year stint with J M Financial Services, when Siddhartha returned to Bangalore, his father gave him a good amount of money to start any business of his choice. Siddhartha promptly bought a stock market card for Rs 30,000 with it, along with a company called Sivan, as well as a site in the city, in 1984 and turned it into a highly successful investment banking and stock broking company.
Almost 15 years later, Siddhartha established a successful coffee business in Karnataka. He grows coffee in Chikmagalur and exports about 28,000 tonne of coffee annually, sells another 2,000 tonne locally for about Rs 350 million each year, and his coffee growing and trading company Amalgamated Bean Company(ABC) has an annual turnover of Rs 25 billion. Siddhartha now has 200 exclusive retail outlets selling his brand of Coffee Day powder all over South India. ABC is India's largest exporter of green coffee.
He owns 12,000 acres (4047 ha) of coffee plantations.
He started his coffee trading company ABC in 1993, with a Rs 60 million turnover. His company grew gradually. He bought an ailing coffee curing unit in Hassan for Rs 40 million and turned it around. Now, his company has a curing capacity of 75,000 tonne, which is the largest in the country.
He was the first entrepreneur in Karnataka to set up a cyber cafA(C) in 1996 (CafA(C) Coffee Day, a chain of youth hangout coffee parlors).

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V.G. Siddhartha Latest News

I-T searches continue on premises of S M Krishna's son-in-law

Income Tax officials continued their search for the second day at the properties belonging to former Union minister S M Krishna's son-in-law V G Siddhartha. Income Tax officials on Saturday continued their search for the second day at the properties ...
Posted: September 23, 2017, 3:05 am

CCD raids: I-T detects Rs 650-crore illegal income

BENGALURU: The Income Tax (I-T) department on Sunday concluded raids on premises linked to former Union minister S M Krishna's businessman son-in-law V G Siddhartha, who is also founder-owner of Cafe Coffee Day, the country's largest coffee retail chain.
Posted: September 25, 2017, 4:59 am

V.G. Siddhartha is Branching Out

In 1983, if someone had told coffee baron V.G. Siddhartha that one day he would own an impressive multi-storied office on Vittal Mallya Road, Bangalore’s tony residential and shopping address, he would have called them crazy. Siddhartha was then just a ...
Posted: June 30, 2011, 5:00 pm
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