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What led to the Death of VG Siddhartha?

A lot happened over ‘COFFEE’…

Yet, another failure destroys the self-esteem..๐Ÿ˜Ÿ

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 โ€œSuicides 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’..


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