Trou­ble Brew­ing

Business Today - - PEOPLE BUSINESS -

The founder of home­grown cof­fee chain Café Cof­fee Day, V.G. Sid­dhartha, was caught in a tax mess re­cently. The In­come Tax de­part­ment con­ducted search op­er­a­tions at the com­pany’s of­fices in Kar­nataka, Mumbai and Chen­nai, as well as at his res­i­dence, and found doc­u­ments that re­veal `650 crore worth of con­cealed in­come. Sid­dhartha, the son-in-law of former Kar­nataka Chief Min­is­ter S.M. Kr­ishna, who joined the BJP in March this year, owns a cof­fee es­tate that is spread over 10,000 acres in Chik­ma­galur, Kar­nataka. The first gen­er­a­tion en­trepreneur is cred­ited to have built In­dia’s largest cof­fee chain – 1,530 out­lets across In­dia.

V.G. SID­DHARTHA Founder, Café Cof­fee Day

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