Mangaluru: The 36-hour disappearance of V G Siddhartha, best known as the founder of Cafe Coffee Day (CCD) chain, ended after his body was found in the backwaters of the Nethravathi river at Hoige Bazaar in Mangaluru on Wednesday. Siddhartha was known as the ‘Coffee King’ because of his contribution to the industry in India and abroad. 

Siddhartha, who is the son-in-law of former Union Minister and Bharatiya Janata Party leader S M Krishna, had gone missing on Monday. 

Under financial trouble, Siddhartha had reportedly written a letter to the CCD’s board of directors and employees saying, “I have failed to create the right profitable business model despite my best efforts.” 

“Every financial transaction is my responsibility...the law should hold me and only me accountable,” he stated. 

“I have failed as an entrepreneur. This is my sincere submission, I hope someday you will understand, forgive and pardon me,” he added.

As the news of his body being recovered came pouring in early on Wednesday, people started reminiscing and spoke about how Siddhartha had great plans not only for CCD but also for the coffee industry. 

A visionary beyond comprehension

“Siddhartha was a visionary for the coffee industry, right from the plantation, picking up coffee berries, curing them, grading them, marketing them and adding value to them and bring it closer to millions of coffee lovers not just in India but six different countries of the world. From a mere 12,000 tonnes per annum he had taken it to 1,00,000 tonnes per annum of Indian Coffee halfway around the world” said K Jayaram, the former president of the Karnataka Coffee Growers Association (Mudigere). 

“Twelve years ago when CCD was getting into value-added products from trading raw coffee beans, India, one of the largest growers of coffee, had to depend on New York and London markets for rates for trading, but even before the world trading centres knew what was happening, India had gathered enough steam in determining the world prices of coffee beans, and all due to 27 years of hard work, commitment and simplicity of Siddhartha,” said Jayaram.

Man of simple living and high thinking

Dr U T Iftikar, a close friend, said he was shocked after reading the letter he had allegedly written to his colleagues. “He had mentioned there that there were enough assets to wipe off all the debts that the company had accumulated since 1993. He could have used it to keep the company running, yet he decided to take this extreme step? There were so many ways to resolve the financial crunch. I am also pained that despite having deep-rooted friends in the industry, he did not confide in them, I guess it was his modesty which prevented him,” he added. 

A close aide of Siddhartha, on the condition of anonymity, said, “He was a man who wanted the high flow of liquidity, in his business liquidity was hard to come by, and everything was done on credit basis and external borrowings. Not that Siddhartha was an ostentatious person who would display his riches. He loved simple living and high thinking, but in the pursuit of excellence in the industry, diversification, innovation, expansion and acquisition, he got carried away. But there was nothing to worry as he had assets that could have helped him tide over the liquidity crunch.

Coffee genius

People who have had the chance to witness Siddhartha in action at a coffee estate spoke of his vast knowledge. K B Manohar, general secretary of the Karnataka Coffee Growers Association, said, “He had a deep knowledge of every type of coffee. He used to bring research products to the estate owners meetings and educated them on managing their estates better, retaining the right nutrients in the soil, maintenance of the right level of shade and pest management, and special care during the blossoming season. But then he went into the real world of coffee making, and many times he used to call me and make me taste the coffee with him, the expertise which only the Coffee Board had. It was thrilling to have such a forward-looking leader in the industry.” 

Chandre Gowda, former president of the Mudigere taluk Panchayat and a coffee planter, is close to Siddhartha’s family. “Everyday people in need would approach his family for help. Every time Siddhartha came home, he made sure those people were helped. He has contributed for weddings, education, cattle rearing, agriculture and even trained youngsters to work in his company,” added Gowda. 

Coffee in the pub capital

Starting his first CCD outlet at Brigade Road in Bengaluru—which was developing as the ‘pub capital’—the youngsters at first sneered at the idea of spending hours hanging out with a coffee, but they soon realised that “a lot could happen over a cup of coffee.” 

“Nobody in the CCD on Brigade road gave us dirty looks for hanging around for hours, over a cup of coffee, for doing our assignments and homework under the cool atmosphere, talking loudly, laughing a lot or just watching life go by on the hallowed road of the British Raj, and it was much better than the drunken banter in the pubs,” said Richard D’Silva, one of the earliest and long-standing customers of the CCD on Brigade road and a former student of St. Joseph’s degree college on Residency Road.  

Mangaluru’s pride

The coastal city of Mangaluru had a special place in Siddhartha’s heart. He had joined St. Aloysius PU college in 1975 and continued his Bachelor of Arts degree in the St. Aloysius first grade college. “During his days at the college I remembered him as a quiet student, average in studies, but extremely friendly. I did not remember him for any special qualities, but for being regular to the classes and he was extremely compassionate towards his classmates,” reminiscences Prof. A M Narahari, registrar of St. Aloysius College. 

Siddhartha was invited to his college as a chief guest on March 10, 2017, to give a talk to the students. “His 30-minute talk to the students was motivational and he exhorted the students to not go after jobs, but become entrepreneurs. I remember one special sentence from his speech—be a team player,” added Narahari. 

Former Principal of St. Aloysius college Rev Fr Swebert D’Silva remembers Siddhartha as a lender to every cause, and when the college wanted to build a swimming pool, all that the college had to do was sending him an appeal letter and his help in sizable sums were assured, he stated. 

Youngsters in Mangaluru feel inspired by the fact that a student from their city had founded the chain. Ajit Shetty (name changed), an employee of the CCD, said, “I never thought that I would see this day, my boss, my icon, doing such a thing. I feel empty inside. When he came to Mangalore in 2017, he had visited our outlet and I had the honour of serving him coffee. He made me sit down with him and shared his coffee with me, I did not expect such simplicity in a man like him.” 

According to the family sources, the body will be cremated at Chetanahalli Estates, situated in Chattahalli in Mudigere taluk in Chikkamagaluru district.

(The author is a Mangaluru-based freelance journalist and a member of 101Reporters -- a pan-India network of grass-root reporters.)