Malavika Krishna (Malavika Krishna Siddhartha) is an Indian businesswoman and wife of V.G. Siddhartha who is the founder and owner of CCD (Cafe Coffee Day), which is India’s largest coffee chain. Siddhartha went missing on July 29, 2019. She is a non-executive director of CCD.
Malavika is 50 years old; she was born in 1969 in Bengaluru, Karnataka in India.
Malavika has a bachelor degree in Engineering from the University of Bengaluru
Malavika Krishna Ethnicity
Malavika is of South-Asian descent
Malavika Krishna Net worth
Malavika has an estimated net worth of Rs. 250 Crores Indian Rupees.
Malavika Krishna Family
Malavika is the daughter of SM Krishna and Prema Krishna.
Malavika Krishna Father
Krishna is the daughter of SM Krishna (Somanahalli Mallaiah Krishna) who is an Indian politician who is the former minister of External Affairs of India (2009 to 0ctober 2012). He was the 16th Chief Minister of Karnataka from 1999 to 2004 and the 19th Governor of Maharashtra from 2004 to 2008. He also served as the Speaker of the Karnataka Vidhan Sabha from December 1989 to January 1993. He was also a member of Lok Sabha and Rajya Sabha at various times from 1971 to 2014.
Malavika Krishna Siblings
She has one sibling, a sister known as Shambhavi Krishna, she is the wife of fugitive liquor baron Vijay Mallya’s stepbrother.
In February 2017 a voluntary organisation had requested a Special Investigation Team to investigate into VG Siddhartha’s accumulation of wealth. This was after a former Director-General of Police had even claimed that the founding-owner of CCD was a ransom money carrier to notorious sandalwood smuggler Veerappan.
Malavika and her husband Siddhartha have two sons together known as Amartya and Ishaan.
Malavika Krishna CCD
Since 2008 Malavika is in charge of the overall responsibilities of operating CCD. VG Siddhartha founded the coffee business in 1994, opening the first outlet on Bangalore’s upscale Brigade Road with the tag line ‘A lot can happen over a cup of coffee.’ Since then it has become the largest chain of coffee shops in India, with 1,750 cafes in more than 200 cities, including outlets in Prague, Vienna and Kuala Lumpur. Coffee Day went public in 2015.
VG Siddhartha Disappearance and Death
According to TV reports Siddhartha’s body was found on the banks of the Nethravathi River. Siddhartha had gone missing since Monday night, July 29, en route to the coastal Karnataka city of Mangaluru, with a letter purportedly written by him showing he was under “tremendous pressure” from lenders and one of the private equity partners (PEs). The letter also alleged “a lot of harassment” from tax authorities.
Founder & owner, Cafe Coffee Day (CCD), #VGSiddhartha's letter to employees and board of directors of CCD, states, "Every financial transaction is my responsibility…the law should hold me & only me accountable."; He has gone missing from Mangaluru, search operation underway. pic.twitter.com/0GJc5vmvYt
— ANI (@ANI) July 30, 2019
A massive search was done and the search teams which included; the National Disaster Response Force, Coast Guard, Home Guard, fire services and coastal police had scoured the waters under a bridge across the Nethravathi river near Mangaluru where he was reportedly last seen.
It is alleged that Siddhartha had asked his driver to drive towards Mangaluru and when they reached the bridge he asked the driver to pull over. He got out of the car and instructed the driver to drive a little further and wait. When he did not return even after a whole hour, the driver alerted family members who approached the police.
Siddhartha body was reportedly been taken to Government Wenlock Hospital for a post-mortem examination to determine his cause of death.
India TV News Channel journalist T Raghavan shared a video of a fisherman who claims to have seen VG Siddhartha jumping into Netravati river. People believe Siddhartha may have taken his own life due to the circumstances and the tone of his letter.