V. G. Siddhartha
| V. G. Siddhartha | |
|---|---|
| Born | Chikkamagaluru, Karnataka, India |
| Residence | Bangalore, Karnataka, India |
| Nationality |
 Indian
|
| Alma mater | Mangalore University |
| Occupation | Chairman of Amalgamated Bean Coffee Trading Company Ltd (ABCTCL) |
| Spouse(s) | Malavika |
V. G. Siddhartha (Kannada: ವಿ. ಜಿ. ಸಿದ್ಧಾರ್ಥ) is an Indian businessman from Karnataka. He is best known as the founder-owner of the chain of Cafe Coffee Day outlets.
Siddhartha (now known V. G. Siddhartha) obtained a master's degree in economics from Mangalore University, Karnataka. He married the daughter of S. M. Krishna, the former Chief Minister of Karnataka, Indian Minister for External Affairs and Governor of Maharashtra.
After doing his Masters he joined J M Financial Limited in 1983-1984 in Mumbai as a management trainee/intern in Portfolio Management and securities trading on the Indian Stock Market under Mr. Mahendra Kampani, Vice Chairman, J M Financial Limited. He was just 24 years then. After two years with J M Financial Limited, when Siddhartha returned to Bangalore, his father gave him money to start a business of his choice. 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 with vision to set "new standards in the retail financial services in India". Its venture capital division came to be known as Global Technology Ventures (GTV) 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 tonnes of coffee annually and sells another 2,000 tonnes locally for about Rs 350 million each year. 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 tonnes, which is the largest in the country.
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