Siddhartha’s wife Malavika says she’s committed to Coffee Day’s future

BENGALURU: In her first public statement since her husband’s death a year ago, Malavika Hegde, wife of Cafe Coffee Day founder VG Siddhartha and a director in the company, said the share of challenges for the company are “far from over” and “corrective course of action needs to be adopted” even though the investigative report has been submitted.
In an email to employees, she said: “I am resolutely committed to the future of Coffee Day as a going concern. We have significantly brought down our debt level from Rs 7,200 crore at the start of last year to Rs 3,200 crore now. We think we can bring it to a more manageable level with our plans to sell a few more of our investments shortly.”

Hegde said that while she is still a novice, her mission has been to uphold the legacy of her deceased husband.


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