You are here: Home » Companies » News
Business Standard

I-T raids on Coffee Day Enterprises and its promoter V G Siddhartha

Siddhartha is the son-in-law of former Karnataka chief minister S M Krishna

BS Reporter  |  Bengaluru 

CCD
Police security at the office of Cafe Coffee Day during I-T raid. Photo: Saggere Radhakrishna

The (I-T) department on Thursday began searches in over two dozen places related to Coffee Day Enterprises, the country's largest coffee company, including the premises of its promoter

Siddhartha is the son-in-law of former Karnataka chief minister S M Krishna, who had shifted his allegiance to the Bharatiya Janata Party last year.

is India's largest coffee retail chain, which has built a vertical integration plan of sourcing coffee bean from its plantations in Chikamagalur to the consumer. I-T officials are also searching its estates, sources said.

Siddhartha is also a serial investor, having stakes in and other software firms. He is also among the country's largest exporters of coffee bean.

First Published: Thu, September 21 2017. 10:01 IST
RECOMMENDED FOR YOU