Everything about CCD owner VG Siddhartha whose mysterious disappearance has disturbed everyone

Delhi | Tuesday | 30th July, 2019

Summary:

VG Siddhartha owns 12,000 acres (4047 ha) of coffee plantations.

A 2015 Forbes list pegged his net worth at $1.2 billion (Rs 8200 crore).

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The disappearance of the owner and founder of the popular coffee chain Cafe Coffee Day, VG Siddhartha has sparked mass speculation.

Siddhartha, who is the son-in-law of former Karnataka CM SM Krishna, got off his car near the Netravati River off Mangaluru on Monday evening and has been missing ever since.

Dakshina Kannada Police has launched a frantic search to look for the prominent Karnataka-based businessman.

Born in Chikkamagaluru district of Karnataka, VG Siddhartha comes from a family that has been in the business of coffee plantation for around 140 years.

He is credited with creating India`s largest coffee empire.

He is also married to the daughter of former Karnataka CM SM Krishna.

Earning a masters from the Mangalore University, VG Siddhartha dabbled in the stock market in his early career.

He joined JM Financial Limited in 1983-1984 in Mumbai as a management trainee/intern in Portfolio Management and securities trading on the Indian Stock Market under Vice-Chairman Mahendra Kampani.

He was just 24 years then.

After two years with JM Financial Limited, VG Siddhartha returned to Bangalore.

His father gave him money to start a business of his choice.

VG Siddhartha bought a stock market card for Rs 30,000, along with a company called Sivan Securities, which was renamed in 2000 as Way2wealth Securities Ltd.