- By James Kuanal
- Wed, 31 Jul 2019 07:15 PM (IST)
- Source:JND
New Delhi l Jagran News Desk: VG Siddhartha was laid to rest today after his body was recovered at Netravati river in Mangalore on Tuesday.
As per reports, Cafe Coffee Day (CCD) was failing to earn profit from its business. The chain is spread around 1500 outlets in India.
In his letter to the board of directors, founder of CCD, VG Siddhartha wrote, "I have 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...,"
After his body was found, Twitterati expressed grief at the shocking demise of one of the most successful entrepreneurs of the country. Here are some of them:
Heart-wrenching
— VC (@VedangChauhan) July 31, 2019
Exemplary example of new age Indian entrepreneurship.
Provided 30,000+ jobs, played cupid for millions of couples.
What the world has come to, even a god-send angel has to commit suicide to find his way out of legal mazes.#RIPSiddhartha pic.twitter.com/iutQwzVZls
A company may fail. A product and even idea can fail. An entrepreneur will never.
— KRISHNA BEZAWADA (@THEKRISHNAB) July 31, 2019
Mr. V.G. Siddhartha, you never failed.#RIPSiddhartha
The founder of the only India restaurant in the List of
— Sahil Beriwal (@sahilberiwal) July 31, 2019
Top 100 fast-food restaurant chains in the World
Died........................ #RIPSiddhartha #VGsiddartha #CafeCoffeeDay pic.twitter.com/ZkaS9ytbUi
Thank you VG Siddhartha sir for giving such a wonderful coffee Shop #CafeCoffeeDay. Lots of lovely memories are now swinging in my mind which I had enjoyed at your franchise.
— Pranay Prakash (@Pranay__Prakash) July 31, 2019
You will be missed sir. #RIPSiddhartha pic.twitter.com/PQLx6UtdUy
— Candid Dil Say(Strong Hindu=Strong Bharat) (@WeLoveModiji) July 31, 2019
While the letter, which reads like a parting message, and the recovery of the body indicate towards suicide by the businessman, the police are yet to official confirm any such report.