AMBER – ABBS Management Business and Entrepreneurship Review

Tanmaya Kumar Mishra ¹

Affiliations
1 Assistant Professor, NSBAcademy Business School, Bengaluru, IN

Abstract

Café Coffee Day (CCD) was founded by V G. Siddhartha Hegde, an Indian businessman from Karnataka state, who also served as its Chairman and Managing Director. In September 2017, the Income Tax Department (IT) conducted raids at more than 20 locations associated to Siddhartha. He was said to be in a lot of debt. In the fiscal year ending March 31, 2018, His Café Coffee Day net loss increased to Rs. 67.71 crore, up from Rs. 22.28 crore the previous year. Despite revenue of 122.32 crores, this is the case. In 2019, he vanished unexpectedly one evening. His body was discovered 36 hours after he vanished in Mangaluru. It appeared to be a suicide case. After Siddhartha’s death, many people predicted that the Café Coffee Day business would fail. His replacement was also a source of apprehension. Because of the rising debt, many people were concerned that the corporation would never be able to recover. Every leader’s journey is unique, filled with opportunities to solve difficulties. Malavika Hegde, Siddhartha’s wife, has defied all expectations by saving CCD from extinction despite being a single mother with two sons. Malavika became CEO of Coffee Day Enterprises Ltd in December 2020, and she has been dedicated to the company’s growth since then.

Keywords

Case Study, Leadership, Stress and Burnout, Woman Entrepreneurship

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