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