Malavika Hegde Biography:
Malavika Hegde is an Indian Businesswoman. She is the daughter of former chief minister Somanahalli Mallaiah Krishna. She is the wife of Late V. G. Siddhartha Hegde (owner of Cafe Coffee Day), who committed suicide on 29 July 2019.
Malavika was born and bought up in Bangalore, Karnataka, India. She has a younger sister, Shambhavi Krishna, who is also a Businesswoman. She did her schooling in a local private school in Bangalore and then finished her engineering at Bangalore University.
In 1991, she got married to V. G. Siddhartha Hegde, owner of a popular food chain Cafe Coffee Day (CCD). They have two children, Amartya Hegde and Ishaan Hegde.
On 29 July 2019, VG Siddhartha went missing as he was on his way from Bengaluru to Sakleshpur with his driver. In the middle of the journey, Mr Siddhartha asked his driver to drive towards Chikmagalur. When they were close to Chikmagalur, he asked his driver to stop near a bridge. He stepped out of the car, and he asked his driver to take the car to the end of the bridge and wait for him until he came towards him after a while.
His driver waited at the end of the bridge for an hour, and when he did not return, he called him up, but, his phone was switched off. The driver went back to the spot where he had left him and searched for him. When he was not able to find him, he called Malavika’s elder son and informed him about it, and then he rushed to the nearest police station and registered an FIR. The police began search operations on 30 July 2019 and on 31 July 2019, at 7:43 in the morning, police found a body in the Netravati River.
All Wiki Biography:
|Real Name||Malavika Hegde|
|Known As||Cafe Coffee Day Ceo|
|Date of Birth||1969|
|Age (as in 2020)||40 Years|
|Birth Place||Bangalore, Karnataka, India|
|Hometown||Bangalore, Karnataka, India|
|Hobbies||Cooking, and Reading Books|
Malavika Hegde Career:
Malavika Hedge was involved in the coffee business since she was married to VG Siddhartha. She was on the Cafe Coffee Day board, but she was a non-executive board member.
The day when VG Siddhartha narrated his idea about Cafe Coffee Day (CCD), she dismissed it; as Siddhartha wanted to sell a cup of coffee for 25 INR, whereas, it was available locally for 5 INR per cup.
When Siddhartha modified the idea and planned to offer internet surfing along with coffee, she was on board, and they started planning the opening of the first Cafe Coffee Day (CCD) together. In 1996, when the first Cafe Coffee Day (CCD) outlet opened in Brigade Road in Bangalore, she was present with VG Siddhartha.
Although VG Siddhartha was an active board member, Malavika has been handling the daily operations of CCD since 2008. It rapidly expanded to other cities in India, with more than 1,000 cafés open across the nation by 2011.
After Siddhartha death, Coffee Day Enterprises appointed Malavika Hegde as Chief Executive Officer (CEO) with effect from December 7. Malavika Hegde will now be in charge for at least five years. Cafe Coffee Day (CCD) has around 1,700 cafes, around 48,000 vending machines, 532 kiosks and 403 ground coffee selling outlets.
According to the Times of India: In a letter to the company’s 25,000 employees on July 24, Hegde wrote that she was committed to the future of the company and assured that the Coffee Day story was “worth preserving”. Her letter came hours after a probe revealed that a private entity owned by late founder Siddhartha owed Rs 2,693 crore to the listed entity, Coffee Day Enterprises Limited (CDEL). “We will work to reduce the debt to a manageable level by selling a few more investments as I am committed to the company’s future,” she wrote.
After Siddhartha’s death by suicide, Malavika Hegde managed to reduce his debt from 7000 crores to 3500 crores even during the COVID lockdown. She had earlier said that the challenges increased but “somewhere along the way in the last 12 months, my mission has been to uphold the proud legacy of Siddhartha. He has left me a job to do, to settle every lender to the best of my ability, to grow the business and to enthuse and foster our employees.”
Physical Stats & More
|Height||163 cm (in Centimeters) |
1.63 m (in meters)
5’ 3” (in feet inches)
|Weight||60 kg (in kilograms) |
132 lbs (in pounds)
|Parents||Father: Somanahalli Mallaiah Krishna |
Mother: Prema Krishna
|Siblings||Sister: Shambhavi Krishna|
|Husband/Spouse||V. G. Siddhartha Hegde|