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- เผยแพร่เมื่อ 21 ส.ค. 2024
- In a heartfelt letter addressed to the “Board of Directors and Coffee Day family,” founder-owner VG Siddhartha alleges that he has been harassed at the hands of the Income Tax Department - and that he has “failed as an entrepreneur”. Siddhartha, who’s former Karnataka CM SM Krishna’s son-in-law, has been missing since the night of Monday, 29 July in Mangaluru.
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The Quint jab tak modi rahega log chutiya bante rahege
I had read about him in a book called MBA at 16, he had fought hard to create this business, and incidentally the writer of the Book was one of the cofounders of Mindtree.
Can't they track his phone?
@@lathavenugopal2820 his call record show three call two from his staff and one is from his friend in mumbai as per media sources..
My God....
Even mindtree stocks are down. When co founders of mindtree itself planned to resign after mindtree stocks where held by L&T.Yet still the mystery continues
No value for the honest and sincere businessman in India.
He never used political power to improve his business.
Such a sad society and government.
It's not only about India bro. It is the truth of life everywhere. Material life is an illusion.
Nataraj Patil nobady killed him or he didn't die by any health problem, he died himself😢😢
Some thing must be behind that ,no one what’s die without reason. Very sad
He fucked up and killed himself. Too much borrowing and not paying taxes. What has the society or govt done in this?
😊😊😊😊business man ...honesty...u r joking...all business man are to some extent corrupt ...and this man was not at all honest...charge of a simple coffee which should cost not more than 30- 40 Rs, is 250...he was looting common people...God has punished him..God only knows how much fraud he has done..
Life is really unpredictable...who says only being successful is enough....peace of mind is the most important thing, no amount of money can buy that...
True
true bro...
True
Sooooo true
True man.
One sad truth... INDIAN BUROCRACY and BABUS is worst in all cases. Each and every business man or startup are being harassed
Then stop crying like your wife n go in politics, I will support you.😚
Vote for bjp again
Ab toh RTI bhi gayi.. ye chutiyapa ab aur badhega...
So they can be allowed to loot in the name of Business?? What's your point DICKHEAD?
It is utter idiotic...he also said that I am responsible for all the transactions and my family and friends are not aware of it...what about those transactions...means you do fraud transactions and govt is responsible
i belong to farmers family , please don't take any loan from karnataka bank ltd , without your knowledge, they sell your properties, and we need to take these type of extreme step, Mr Sidharth after having that much of influence, he committed suicide, think about common people, the main culprits banks and govt agencies, farmers suicide not going to stop unless we all need to unite.and demand for justice
He planned to open a multi-specialty hospital in Chikmagalur, and also he wished to open it without billing counter, he always wanted to help poor people, sir you are inspiration for many people, please return safe
Flipkart also had to sell their business to Walmart due to govt policies, Snapdeal is already finished and paytm is now owned by Alibaba
Its primarily coz of their business model. Thy r in debt coz of gvng too much concessions in d frm of cashback which has caused huge amount of loss. Nd thy r doing it just to create a habit of e transactions e commerce in Indian society. Their wre ahead of time no doubt about tht bt wen there is compitition nd market structur is diffrnt frm expectations.. it not easy to survive.
@@karanshukla6564 the food delivery industry will also collapse very soon
Oo no Alibaba owns Paytm ..I am stopping today then
@@mahektailor4542 only a few Indian startups are left standing, in the name of foreign investment all of them are captured by big tycoons of the world, here Indian mobile producers lava Micromax karbonn ringing bells AKA 250rs phone smartron Intex , now it's Monopoly of China vivo oppo realme OnePlus xiaomi Nokia Motorola meizu. Make in India is a bluff all the parts are brought in from China and assembled in India.
@@mahektailor4542 phonepe was an Indian startup now owned by Walmart too
CBI enquiry should happen in this case...
CBI also broken by modi
For suicide? 😂
Nah wastage of time
@@ibrahimbaliyawalla2226 it's not just a suicide it's livelihood of thousands and if things like this continue only 2-3 businessmen will survive and form a cartel to ruin the market.
@@ibrahimbaliyawalla2226 they were successful in the initial years but their fall is directly related to the lack of employment as their target audience is youth and youth is jobless how can they spend 100rs for a cup of coffee and most private companies pay a salary around 10-20k bracket so coffee from ccd becomes a luxary, here in Kolkata also their shops are almost empty
SUCCESSFUL MAN ASLO NOT INTERESTED TO LIVE THIS WORLD. VERYSAD #RIP
Just had a thought of Avicii.
And now we should realise success is not making alot of money but a healthy and happy life
He is missing only,,his death is not confirmed yet,, u should not use rip untill then.
He had serious loan on his head
@@fawadmirza. Dude, he created something. You just wrote a comment. "Difference"
When in the last line he says that assets outweigh liability, he could have sold CCD and lived a peaceful life.
But there can be no denying that government is doing nothing for entrepreneurs. Small businessmen get harrassed so much, govt only focussed on politics. They want power but ignore their responsibility.
Bhakts may criticise MMS but I feel he is the most intelligent policy maker India will ever have.
Kshitij Saxena i feel there is more to this than meets the eye.
@@kunalm15 yes
@cchathan read again. I said he could have lived peacefully that means I don't blame anybody.
But I do have a right to blame pm when his policies are keeping business down, even Subramanian Swamy says that we failed on economy. Now will you call him mr. congress bhakt??
Bhakto, ab kaha gaye...
One more true entrepreneur has gone from India,
Let bhakt focus on education than other things,
Ur the people who voted bjp to power
Sir we pray for safe return , millions of people waiting for u
I'm not one of them.
The Driver who filed the police complaint saw a person jumping off the Bridge..
He's dead
He's dead now .His body has been found at netravati river .RIP
He shall never come back now.
Tough times for Indian Entrepreneurs
just bribe politicians.simple
Atleast he is not Nirav Modi 🤔!
Vijay malaya too .
I look for ccd wherever I am; I remember trekking to vaishno Devi n being hungry n tired n finding ccd mid way; had great food n coffee which gave energy to complete the hike; rip; u r not a failure
True, hez not a failure..
Body was found 6:30 AM ist 31 July 2019
Karnataka's proud entrepreneur, who took Chikmagalur coffee world wide
Stylish outlets with much cheaper prices (compared to international chains)
#CCD
RIP sir 💐
No
Tax burden and market problem
Government are not interested in supporting
That's the reason he took such horrible decision
Another Indian company is closed RIP
You are not a failure ❤️may your soul rest in peace .
I am in tears.... i knew Siddartha Bhai,,, we used ti zip kaffee together in old Bangalore , MG Road ,,, Indian Coffee House... those were the days,, my Siddhanna.
My heart goes out to him,, his success story was narrated to us in our college by guest lecturers whenever anything regarding overcoming challenges would come across
my mum says he was the kindest gentlest guy, and he was super humble, what kind of pressure was put on him to do this?
He used to love his native..a true malnad person. He believed that passion towards work can only make a successful entrepreneur. may his soul rest in peace..
I saw it on rt today,What a sad news for India ,especially for those people who are working in that company.actually this Indian company could become successful abroad .
It was really a pleasure meeting you, and always proud to be ccdians. He was once the top 50 richest man in india.
Great Man, Great Personality. A man with a vision. You will be missed, may his soul rest in peace.
He is Son in law of Ex CM what can probably go wrong
His self respect was at stake
He never used political influence for his bussiness . we should respect him
@@desandrooliveira2466 lol. He alleged to be partner of Veerappan in money laundering.
@@hardikshettigar1644 u ppl vl never understand the ongoing impact of economic crisis in india ....
@@siddarthd9774 yea lol. Who are you, some big shot economist from Harvard?😂
Simply watching videos from shitty channel like quint,won't make you an economist 😂😂😂
Easiest way to Survive in India: Stay below Poverty Line...
No need to come above it... you will be looted by govt. any ways..
Very True
And actually being BPL gives all the basic needs and no need to work hard for it.... Just f***ing live. And the already rich ones can get what they need.... striving ones are always gonna suffer
Because giving taxes is looting? 😂 you really need to go to school dude
You seem to be an educated moron😂
@@savannastreet7 giving excessive taxes is looting. And taxes that goes in the pocket of the officials rather than the government.
If anyone thinks that they can create next Starbucks or Facebook or any other successful overseas brand in India, Good luck with that. The system will be against you. Even the established multinational brand have hard time coping with the never ending ‘babus’ demands to be highly successful as they are in the other part of the world.
What's babus ?
CCD, IFLS, Jet, DHFL, Indiabulls, Yes Bank, ICICI Bank, Axis Bank, PNB ... still demonetisation is a success
Most of these companies had a very bad business model and were bound to fail at some point. Totally different topics.
More is yet to come.
In congress time these firms were getting loans as much they want..like a bank of papa..papa will fullfill ur wish...we own small businesses and sometimes we have so much problem in runing our families..and paying bills...however these guys enjoys lavish life big bungalows cars nd what not..
Many bad financial management companies will close..Build..operate..show balance sheet..take loan..run..sell is no more a enterptenuer model in india. Business should stand on its own but nit on publics money..
Your comparison has no relation to demonetisatoon.
Govt is interested in milking business for tax revenue, but they never support any business
Please sir come back, whole India and your family is waiting for you
:(
Nobody cares until someone takes an extreme step ! Once something wrong happens, everybody wants to help him .. where was all the help until he took this crucial step ?
I agree!
Agree
A rare and a brilliant guy. ..Unfortunately was not born in a gujarati family.
In India only nirav Modi
...Mukesh ambani....is the king cooz pm is his pet..so no babus LL dare harrash him..😣😟
Lol😂😂😂 India is a socialist and (dole giving welfare state) country with anti business anti rich attitude of govt and society. So as long as the current system remains there will be crony capitalism and corruption. Be it modi or any other worthless party devoid of vission and desire to work
Correct,,
Correct modi supports only his followers
@@RahulKumar-hp4zb modi is a culprit
Isme Mukesh Ambani ka kya galti hai he is a self made multi billionaire ok and he has struggled a lot
Each and every business man or startup are being harassed
You are right even im running manufacture of hydraulics components and the market is so bad we have to go for loan but here in bank they fkgn dont help you they give loans to only to the rich people not with ideas or hard work reality..
@@Umesh919 I wish you are not dealing with automotive components since automotive industry is about to face a massive downfall due to fucked up and tax ev vehicle policies.. Each da I read thousands of jobs at risk..
@@shafickrahman88 Chutiya government tax slabs and chutiya budget .
BC only amba** and Ada** have right to rule Indian businesses rest all should start selling pakodas because Godi wants india to be cheap pakoda hub of the world.......
Ass his father in-law is in BJP he's the former cm of Karnataka
It is socialist mindset of people like you that india isn't a free market economy and super poor. Big cronies exist in 3 rd world countries nothing different. No need to target them repeateadly they have massive revenues and any govt of any party will lick their boots
They've had enough failed businesses as well. They just fixed it before it snowballed into a monumental loss. CCD on the other hand didn't fix their model. Remember the cockroach debacle?
@@RahulKumar-hp4zb have you seen the Modi budgets? They are like budgets from 1970s. More socialist than anything Congress did in their two tenure.
@Shaurya Joshi the problem started when demonitisation happened and followed by gst . the liquidity of money in the market decreased it is resulted in reduced business and profit. The entrepreneur s invested on their business by taking loans unaware of sudden loss in business they leaded to bankruptcy.
Its just a start we have to go through much more after all we elected modi as our pm.
Pressurized by fellow equity partners, slapped by financial irregularities and then finally taken down by a failing business model. Should've fixed the company before it was too late. RIP.
Was it really failing??? It has been profitable for the last 3 years... Not just tht he just sold his mindtree shares for 3000crs bringing the total debt to just 4000crs certainly manageable MAy i also remind u tht cocacola ws willing to buy the same "failing business" For 7000crs just abt 3 months back he's just an another victim of tax terrorism
@@nithinrocks2826 The IT raids clearly exposed his company's finances and the irregularities to the world. Coca Cola's valuation was based on the humongous amount of stores CCD has both in Urban and Semi Urban cities throughout India. They'd have revamped the whole brand if the deal went through- everything from new additions, PR, advertising to the menu to improving the decor and the infrastructure. Exactly what CCD's administration should've done.
@NiggaNig420 TOONZ get a life bro...😊
Suicide is not an option .
He could have conveyed everything without losing his own life.
I bet, Mukesh Ambani will easily buy this company!
@@GeetTripathy that's the difference between common folks like us and entrapreneurs like Mukesh Ambani. If he thinks he can revive it then he can
Just like he bought the government. No big deal
@Cutting Chai exactly bro.
Always South Indians enterpruners are targeted and harrased shame on IT and it's really really something which the upcoming enterpruners will be scared of.
On one hand, there are entrepreneurs like V. G. Siddharthan, who take responsibility for his actions, and there are people like Vijaya Mallaya. #rip
We will miss you sir you hv given your best ...a lot ..we are v v thankful ..to you you hv given best environment to youth ..
The man clearly cared more about the business rather than his own money #RIP
Why Modi Government boasts Ranking of 'Ease of Doing Business' ?
All Indians writing rubbish in comments. I am an Indian born living overseas. I know what it is like to pay taxes. No one is spared. So deal with it. IN BUSINESS, "TURNOVER" IS NOT INCOME. You have to pay taxes.
Suicide is not an option to end your fight. He has left so many behind him with pain to live with forever.
If his assets Outweigh his liabilities what is the use of going missing, only message we learn here is ' be strong to face it '
police have recovered his dead body, RIP
Your channel is so informative and quick! Great work!!
Rip legend.
wtf
He is not dead as of now. No body found. Could be the best possible assumption but stop this rip comments.
No business people are happy in modi's ruling except gujarathi gujjus, Mukesh ambani Gautam adhani anil ambani only his gujarathi.
This is our government and system leading to big companys down fall .
This should be change immediatly
If he was not in india he would have been succesfull... truly
So many businesses is collapsing in this government's era specifically after currency change( Notebandi).
Someone was right money cant buy happiness
the sound is not good I am quite disappointed
Actually no business runs in this country without improprieties because that is the only choice. Tax evasions and defaulting, diverting funds and amassing wealth does not lead to suicide like this. He might have deflected but Tax raiders only boxing him out of many is suspicious. Even with Tatas also similar thing happened when Cyrus was brought in and he was in the process of correcting lot of irregularities in the company that could exposed many and the image of Tata himself so there was a last minute management Change and they ganged him out. so many business in our country continue to thrive with years continued losses. From outside it might look like he evaded taxes and took wrong decisions and held back important informations which is what is being exploited by govt raiders to serve their interest or what they secretly intend.
If he was so much with integrity then he should not have committed suicide
unfortunately his mind was not ready to "live with" failures in rest of his life.. there are lesson to learn from him except the after life of failures n live in that situation and rise again,that he was ready to do that...
suicide is not a solution(preachers used to say that but i knw its very difficult practice in ojr current society)
love from kerala Kottayam
Seems to be very honest guy if he was not he would have not mentioned his property details at the end of letter to pay back the debts...!!! Emotional and Honest people feel very bad if something happens to others because of their mistake.
Here's a lesson for all of us guys that having more money is not the solution to our problems. Try being happy in whatever situation you're in... Remove " If I could do this....that" from your life" you'll feel much lighter...
And Most importantly...
Hang in there !!! It'll Get BETTER...
Peace ✌️
The tax system of our country is the worst. Poor thinks that rich people save tax by many means but the reality is something else which Mr. V G Siddhartha was a victim of.
Name a country where people dont complain abt Tax? Where there is Tax some or the other people will complain.
@@skanda9733 Dubai. 0% Tax on income.
I do not understand the concept of tax on income. Why the hell should one pay tax on what he earns.
@@tanayagarwal6670 Dubai is a whole different story.
@@skanda9733 bhai tujhe kuch pata h ni har jgh comment krrha ....Pehle jaa commerce padh k aa anpadh ...Modi k it cell k chamche
bank loan is like adopting a python
Very true
True
*.....anyone saying incidence append due to lack of Govt support, tell me one thing, a Privet company having Market Valuation of INR 7000 cr.(as per latest report by the board) need Govt Support ?*
*If anyone doesn't know that Every year thousands of companies fail in India and across the world, So you think respective govt. should give fund to all dying companies*
The river is just 2km far from my house....
He made our city and nethravati world famous by this sad end or hopefully he escaped in thru rain and night time..
0:02 reaction of people behind be like abe isko kya hua
haha
Someone should've introduced him to take "Inner Engineering course", atleast he wouldn't have committed suicide.
We are in the phase of rapid economic slow down . the long term effects of demonitisation , gst is what we are facing today . This gonna increase day by day our present government had no vision on Indian economy .
Dont invest on business by taking loans because Indian market is shrinking day by day .
The true facts and data are not available in this government there is lot more to come .
Lo Bhai aise bnega India $5 trillion dollar economy
We lost such a great Entrepreneur 😥.
RIP
But coffee ??
Just think what is happening to small businesses.... People doing business and totally dependent on auditors... And yet it is a simple GST..
Ask the driver , why he left him alone on a deserted bridge?? ND he called his family after an hour, why he dint call them earlier?? ND secondly *income tax has bcm one of the most corrupt government departments* .
He is a driver not his mother. He is supposed to do as said. That's it. At least he made effort to call his family and inform about it when found suspicious.
@@levintilak738 thts my point your Malik says leave me alone on this deserted bridge ,ND he followed his order ,n aftr an hour he found it suspicious? Are you like serious 😨
@@pragyacute6011 well, i agree to your view and respect your opinion but you simply repeated the same thing, still nothing can be concluded till conclusive evidences are obtained against him. It's just a broad assumption.
@@levintilak738 he found it suspicious after an hour???
@@pragyacute6011 ok. Then what would be the "appropriate duration" to find it suspicious?
Activists and Sentimentalists always react after an incident..why don’t these people react before..
Extremely sorry to the family of Mr. VG Siddhartha as we so called Indians always shows grief or React to an issue only when a loss happens..
CCD & Founder was known to me only after this incident..
Blame me due to the lack of my Knowledge or Informative’s around me..
Well done! You opened our eyes.
So a life of a business man is important than of a farmer. Its not a big news when farmer goes missing, but corporate gone missing is a big news.
Why do we have tendency to be gullible and drift from the topic? Comparative degree would be the last thing we would want here.
Who creats job ?
@@sumitwarvatkar898 farmer also creates jobs for your information
@@sumitwarvatkar898 Who gives food to the job working people?
Farmers life equally important after all we eat food everyday ... This is an issue as the lives of the people who work in the company will be severely affected
No wonder most leaves India and moves abroad to study and work
He was looted by his own employees
Yes man u r true .
I still didn't understand. Could anyone tell me how Income tax Officers are in the bad light?
Rip siddhartha ji may your soul rest in peace with the Almighty
Ed did pressure on him
So sad.....lesson is Money can't buy u the peace and happiness.....Be always content in wat u have ...But sad to listen. About such honest and successful business man #RIP
Suicide is not solution for any problems also like success full business man like you Sir, don't teach wrong lesson to young generation, World is so Big, even if death come one day for every one on that day no one can escape,
"Take break think solution and Change situation wait for your turn"
Seriya soninga
RIP VGS.
Latest news CCD founder is no more... May his soul RIP
I condemn this sort of life loss due to IT problems.He must be a
successful businessman.Government should take measures for IT recovery
from the right stage for each individuals to prevent really such sad
stories of people with high profile.
please leave business man to survive because behind them lakhs of people are there , take fine take money , but not their life dnt harrasae them . please ,
Shame a successful entrepreneur has died and these people are doing analysis on his note
Have some courtesy this could have been done after 1 week
This is not the time to Play TRP games
Siddhartha body found near Hoige bazar, a fishing hamlet near Mangalore. RIP
He is murdered . He was never weak . This letter is totally fake.
sorry Siddhartha sir we have failed not you till tax terrsiom or it terrisom is there in our country , we may loose every business man in India, please stop politics in it department I beg u to government of India. we lost Siddhartha sir who was ,ex cm sm Krishna sir, now he is in BJP party but son in law ? . how many we may loose for politics.
Welcome to new India , no one can do business peacefully either die or run away , he is a honest man ya he could nt pay tax as he had company issues , at least he not doing fraud or doing business illegally govt should give them some time , this honest man could not face soo much pressure and gave his life , is everyone happy now ? Go ask that IT officer did he get the money back , is this life ?
How will young entrepreneur even have guts to start business if the environment is like this
Character In the video It's great, I like it a lot $$
*seriously ??* IT Department is responsible ? for his failure ?...In India, There are Thousands of businessman Like him whose company are under investigation by Tax Authorities. No one feel Oppressed by authorities if you have complied with law.
..One more thing he is son in law of Ex CM of the state, so high political influence power.
*JUST WAIT FEW DAYS CLEAR PICTURE WILL COME*
So Sad News......
There 1000 small scale industries bone broken ,now it continues on LTD big scale company.
If government asking to pay me tax when I am earning good then government has to take responsibility when I dont have job.. they have to help me if sudden I become poor... example my food, resident etcc...... This is my thought..
Om shanti # Rest in peace ..
Government policy killed him , rip sir
The govt doesn't support pure talent & new young entrepreneurs and then everyone's saying "why do very well educated individuals from India settle abroad? "
Corruption, politics has eaten up the entire country..