A lot happened over ‘COFFEE’…
Yet, another failure destroys the self-esteem..😟
Disappearance of VG Siddhartha, the founder of India’s largest coffee chain “Cafe Coffee Day“, led to chaos in the country after he went missing on Monday(29/07/2019).
On Wednesday morning (31/07/2019) the business men’s body was found ashore in Karnataka’s Netravati river, i.e. 36 hrs after he went missing which created a turmoil everywhere.
Before his disappearance, the entrepreneur left behind a note to his employees revealing he was in deep debt.
And this incident left us with an open ended question on “Mental Health”
Siddharth left a Sucide Note or we can say a Appology letter for his Board of Directors stating :
“I failed to create the right profitable business model despite my best efforts. I would like to say I gave it my all. I am very sorry to let down all the people that put their trust in me. I fought for a long time but today I gave up as I could not take any more pressure”.
VG Siddhartha has become one among the many entrepreneur in the country who took their lives.
A report by National Crime Records Bureau gave us a figure of 1.3 lakh in year 2016. The report even said many cases of suicide even go unreported in the country.
The Lancet, a British Journal published a paper on suicides, saying that “Suicides in India are a public health tragedy”.
Factors that lead to VG Siddhartha Sucide :
- Finance cost in March 2019 was Rs 456.32 which increased sharply by 31%.
- In March quarter, the cost jumped by 59% to Rs 145 crore.
- Borrowings increased to Rs 3,889.63cr at the end of FY19, against Rs 810.91cr in FY18.
- Harassment by Income tax officials to block the Mindtree deal.
- Pressure from a private equity partner forcing to buy back shares.
I express my deepest condolence to Mr. VG Siddhartha to the one who made Indian’s fall in love with “COFFEE”.
And also a piece of advice to all who are trapped in any problem in any point of life..
‘Don’t make yourself too weak to end your own life’..
SUCIDE DOESN’T TAKE AWAY THE PAIN, IT GIVES IT TO SOMEONE ELSE..