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

V G Siddhartha: From coffee to cyber cafes and beyond

When V G Siddhartha talks about money, his eyes acquire the blaze of missionary zeal. And you cannot help but get 'converted': he makes the entire process of making seem like fun, and you begin to feel that it must be a very simple thing to do indeed.
Posted: July 2, 2000, 5:00 pm

CCD's Siddhartha Acquires Additional Stake In MindTree

V G Siddhartha, Cafe Coffee Day founder has raised his stake in the Bangalore based IT company MindTree Limited from the initial 18% to 22% through a block deal worth R120 Cr on BSE. Siddhartha acquired an additional 4% stake in MindTree by buying 15.6 ...
Posted: June 19, 2012, 4:17 am

Serving Up the 'Yo' Factor

In India, the world’s largest tea-drinking nation, awareness of coffee is largely the handiwork of the low-profile, almost reclusive V.G. Siddhartha. His Café Coffee Day chain with its red-and-white quote-bubble logo is ubiquitous in India’s ...
Posted: March 31, 2011, 11:00 am
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