Curious case of CCD founder: V G Siddhartha was under heavy debt burden

The group diversified and forayed into real estate, hospitality, logistics in recent years

As the search for Coffee Day founder VG Siddhartha continues, the mystery behind the entrepreneur going missing has become murkier with the emergence of a letter addressed to the company board. Though the genuineness of the letter is yet to be established, Siddhartha has allegedly pointed out the pressure from private equity firms for early exits.

Coffee Day Enterprises, the holding firm of Coffee Day, had a total debt of around Rs 6,550 crore as