VG Siddhartha, originator and MD, and CEO of Cafe Coffee Day Enterprises have as of late passed away. The updates on his tragic end came as a stun to the country soon after his awful letter made adjusts on the web.
No one could have believed that the Coffee King was experiencing such an enormous money related emergency. At the point when the letter that VG Siddhartha kept in touch with his representatives went over online networking, the entire country wound up mindful of the inconveniences his business was confronting. In his letter, Siddhartha expounded on how he bombed as a business visionary and how he confronted provocation from annual expense authorities over his business.
In 2017, Siddhartha was blamed for tax avoidance. The Income Tax office had led assault crosswise over 20 areas in Mumbai, Bengaluru, Chennai, and Chikmagalur.
In the letter, Siddhartha additionally communicated how the officials made issues for him when he attempted to make two noteworthy monetary arrangements. This demonstrated to be the significant hampered for him.
Be that as it may, after VG Siddhartha’s shocking passing every enormous business visionary has approached and scrutinized the framework which has neglected to support business people. They took the assistance of Twitter and denounced the bureaucratic arrangement of our nation which has demonstrated to be the main motivation for Siddhartha’s end.
I did not know him & have no knowledge of his financial circumstances. I only know that entrepreneurs must not allow business failure to destroy their self-esteem. That will bring about the death of entrepreneurship. https://t.co/H4ysr8Ov3U— anand mahindra (@anandmahindra) July 30, 2019
Coffee Day Owner Alleged Harassment By Tax Officer In Letter: Report – Such a shocking and sad end to a quiet n unassuming pioneer who started the coffee cafes business ahead of Starbucks in India. https://t.co/SKgAJH3dAS— Kiran Mazumdar Shaw (@kiranshaw) July 30, 2019
So heartbreaking. Had met him a few times – an absolute gentleman. How can someone get pushed so far to the edge in business, that they decide to take a fall themselves. I will always see his legacy as a very successful entrepreneur who brought coffee in our lives. My prayers ?? https://t.co/bXHh2vyKmW— Kunal Bahl (@1kunalbahl) July 30, 2019
The #VGSiddhartha news is just stunning. He certainly wasnt a failed entrepreneur!— Amit Ranjan (@amitranjan) July 30, 2019
Black letter day for startups & entrepreneurship in India!
Has to be said – new age startups are lucky to be (largely) funded by equity, debt driven businesses are far more harsh & stressful #CCD https://t.co/xDisccn2U1
I had known #VGSiddhartha personally and was always amazed at his energy and positivity. Distressed by his disappearance. He has been an inspiring entrepreneur and investor.— Sachin Bansal (@_sachinbansal) July 30, 2019
I am indirectly related to VG Siddhartha. Excellent human and brilliant entrepreneur. I am devastated with the contents of his letter. The Govt Agencies and Banks can drive anyone to despair. See what they are doing to me despite offer of full repayment. Vicious and unrelenting.— Vijay Mallya (@TheVijayMallya) July 30, 2019