Late Cafe Coffee Day Founder VG Siddhartha’s Father Passes Away

Less than a month after the death of serial entrepreneur and Coffee Day founder VG Siddhartha, his father Gangaiah Hegde passed away on Sunday, 25 August, in Gopala Gowda Shanthaveri Memorial Hospital in Mysuru.

Gangaiah Hegde, 95, was in a coma for a prolonged period of time and was unaware of his son’s death.

The family hailed from Chikkamagaluru district, the central part of Karnataka also known as Malnad, which is famed for its scenic hills, waterfalls, coffee estates and other plantations. Owners of coffee estate down the generations, Siddhartha’s family has been in the coffee growing business for 130 years.

Gangaiah’s last rites will be performed in their native village on Monday.

Also Read: Why VG Siddhartha Chose Death Over Bankruptcy  

Shortly before his death, Siddhartha had visited his father on 27 July as he would regularly do. The death of Coffee Day founder VG Siddhartha as confirmed by Mangaluru police on 31 July morning has left many in shock. His body was found at 6:30 am around 9 km from the spot where he went missing near a bridge on the Netravati river, more than 24 hours after a multi-department rescue operation began.

Siddhartha was reported missing on 29 July evening after he had told his driver that he was going to take a walk. His driver panicked when he did not return in an hour, and informed the family

He had allegedly jumped off into the Nethravathi river and police have so far ruled out any foul play in his death.

Siddhartha had taken over their traditional coffee business from his father. It was Gangaiah who had loaned him some money to start his CCD venture from scratch.

The Coffee Day Group has interests in coffee retailing, logistics, technology parks (SEZ and STP scheme), financial services and investments in technology and software companies

Siddhartha gained further prominence as he was the son in law of BJP leader and former CM of Karnataka SM Krishna, a long time Congress man.

(This story was first published on The News Minute and has been republished in an arrangement.)

. Read more on India by The Quint.RSS & BJP’s Nehru-Netaji ‘Cosplay’: Irony Dies a Thousand DeathsLate Cafe Coffee Day Founder VG Siddhartha’s Father Passes Away . Read more on India by The Quint.