Malavika Hegde

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Malavika Hegde is the wife of late Café Coffee Day CEO VG Siddhartha. She was born in 1969 as the daughter of former Karnataka Chief Minister SM Krishna. She completed her engineering graduation from the Bangalore University. She tied the knot with VG Siddhartha in 1991 and has two sons, Eshaan and Amartya.

After her husband’s suicide and the company being in a bad situation financially, Malavika Hegde did not let it go. In July 2020, a year after Siddhartha’s death, Hegde made her first public statement addressing the 25,000 employees. She stated, “Resolutely committed to the future of Coffee Day as a going concern,” and added that it was “worth pursuing.”

The condition of the company was such, that employees were worried about losing their jobs and the company closing down. On the day of Siddhartha’s death, the shares too had crashed. On February 3, they were suspended from trading.

After Hegde took the role of CEO, she worked hard and brought down the debt. According to Punekar News, the company paid Rs 1,644 to its lender and accepted an amount from the US private equity giant Blackstone. They sold a stake in Mindtree, which helped in the reduction process.

Under her, the company entered into a share purchase agreement with reputed companies. Hegde actively pulled the company up and continues with her relentless effort.