V. G. Siddhartha
Indian businessman (1959–2019)
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Key Takeaways
- Veerappa Gangaiah Siddhartha Hegde (1958 or 1959 – 29 July 2019) was an Indian businessman from Karnataka.
- He was on the board of directors of Mindtree, GTV, Liqwid Krystal, Way2wealth Brokers, Coffee Day Natural Resources, and Way2wealth Securities.
- Early life Veerappa Gangaiah Siddhartha Hegde was born to Gangaiah Hegde in the Malenadu region of Chikkamagaluru district in Karnataka State.
- He received a master's degree in economics from St.
- Career At the age of 24, 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.
Veerappa Gangaiah Siddhartha Hegde (1958 or 1959 – 29 July 2019) was an Indian businessman from Karnataka. He was the founder of the cafe chain Café Coffee Day and was its chairman and managing director. He was on the board of directors of Mindtree, GTV, Liqwid Krystal, Way2wealth Brokers, Coffee Day Natural Resources, and Way2wealth Securities.
After going missing on the evening of 29 July 2019, his body was found by three fishermen at the Hoige Bazaar beach, near the mouth of the river Nethravati on 31 July.
Early life
Veerappa Gangaiah Siddhartha Hegde was born to Gangaiah Hegde in the Malenadu region of Chikkamagaluru district in Karnataka State. He hailed from a very affluent family of coffee planters belonging to the Vokkaliga community. He received a master's degree in economics from St. Aloysius College and Mangalore University, Karnataka.
Career
At the age of 24, 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. After two years, he returned to Bangalore. With capital given by his father, Siddhartha bought stocks worth ₹30,000 and started the company Sivan Securities. In 1999, it was renamed Way2wealth Securities Ltd. Its venture capital division came to be known as Global Technology Ventures (GTV).
He established his coffee trading company ABC in Karnataka 1993, with a ₹6 crore turnover. He bought an ailing coffee curing unit in Hassan for ₹4 crore and improved it. The company now has the largest curing capacity in India at 75,000 tonnes.
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