{"id":26786,"date":"2023-11-25T11:02:26","date_gmt":"2023-11-25T05:32:26","guid":{"rendered":"https:\/\/blog.researchandranking.com\/?p=26786"},"modified":"2023-11-25T11:11:06","modified_gmt":"2023-11-25T05:41:06","slug":"the-rise-fall-and-turnaround-of-cafe-coffee-day","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/the-rise-fall-and-turnaround-of-cafe-coffee-day\/","title":{"rendered":"The Rise, Fall, and Turnaround of Caf\u00e9 Coffee Day"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>A few years ago, if you wanted a <strong>cup of joe<\/strong>, you just had to walk down the corner of a street. Imagine you are the CEO of India\u2019s largest coffee chain. You have over 1,700 outlets across the country. You have built a loyal customer base, a strong brand image, and a profitable business. But then, debt piles up slowly, your lenders turn hostile, and your competitors eat into your market share. And you\u2019re left with no other option but maybe end things. <\/p>\n\n\n\n<p>How does a company cope with such a crisis? We have just the story that you&#8217;d love to read.  <\/p>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block Cool-Content-Timeline\"><div class=\"cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2\"><style>.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .cool-vertical-timeline-body .story-time p{color: #333;}.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .cool-vertical-timeline-body::before{background: linear-gradient(to bottom, rgba(230, 230, 230, 0) 0%, #D91B3E 10%, #D91B3E 90%, rgba(230, 230, 230, 0) 100%);}.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .cool-vertical-timeline-body .timeline-content::before{background: #D91B3E;}.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .cool-vertical-timeline-body.left .story-details::after{background: #D91B3E;}.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .cool-vertical-timeline-body.right .story-time::after{background: #D91B3E;}.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .cool-vertical-timeline-body .timeline-content.icon-true .timeline-block-icon{background: #D91B3E;}.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .cool-vertical-timeline-body .timeline-content.icon-false .timeline-block-icon{background: transparent;}.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .cool-vertical-timeline-body .timeline-content.icon-false .timeline-block-icon svg{fill: #D91B3E;}.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .cool-vertical-timeline-body.both-sided .timeline-content .position-right .story-details::before{border-right-color: #D91B3E !important;}.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .cool-vertical-timeline-body.both-sided .timeline-content .position-left  .story-details::before{border-left-color: #D91B3E;}.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .cool-vertical-timeline-body.one-sided.left .timeline-content  .story-details::before{border-right-color: #D91B3E;}.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .cool-vertical-timeline-body.one-sided.right .timeline-content  .story-details::before{border-left-color: #D91B3E;}.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .cool-vertical-timeline-body .timeline-content  .story-details{border-color: #D91B3E !important;}.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .cool-vertical-timeline-body .timeline-content  .timeline-block-icon{border-color: #D91B3EFF !important;}.cool-timeline-block-e23a0ee5-e925-482c-a093-33a6db6ebdc2 .icon-true .timeline-block-icon span.timeline-block-render-icon svg{fill: white;}<\/style><div class=\"cool-vertical-timeline-body both-sided left\"><div class=\"cool-timeline-block-list\">\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-left\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>1992<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Amalgamated-Bean-Coffee-Trading-Company-.jpg\" alt=\"\" class=\"wp-image-29012\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Amalgamated-Bean-Coffee-Trading-Company-.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Amalgamated-Bean-Coffee-Trading-Company--300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Amalgamated-Bean-Coffee-Trading-Company--768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Amalgamated-Bean-Coffee-Trading-Company--1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">Amalgamated Bean Coffee Trading Company <\/h3><div class=\"timeline-block_desc\"><p>From investing heavily in the <a href=\"https:\/\/www.equentis.com\/blog\/what-is-stock-market-and-how-it-works\/\">stock market<\/a> to an early career in J M Financial, where V.G. Siddhartha managed portfolios for two years before setting up Sivan Securities, which later became Way2Wealth.  <br><br>By 1985, he was a full-time investor who owned 10,000 acres of coffee farms. That was how Amalgamated Bean Coffee Trading Company was born. <\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-right\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>1992<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Beginning-of-a-Dream.-CCD.jpg\" alt=\"\" class=\"wp-image-29030\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Beginning-of-a-Dream.-CCD.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Beginning-of-a-Dream.-CCD-300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Beginning-of-a-Dream.-CCD-768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Beginning-of-a-Dream.-CCD-1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">The Beginning of a Dream&#8230; CCD<\/h3><div class=\"timeline-block_desc\"><p>Within two years of its inception, Amalgamated Bean Company emerged as India\u2019s premier coffee exporter. <br><br>Inspired by the <strong>Tchibo espresso brand in Germany<\/strong>, V.G. Siddhartha dreamt of sharing the rich flavors of coffee with people in India. He wanted to build an empire that created a captivating coffee journey for people.<br><br>That&#8217;s how Amalgamated Bean Company (ABC) became the foundation for Coffee Day <a href=\"https:\/\/www.equentis.com\/blog\/key-global-events-that-can-influence-the-stock-market-this-week-3\/\">Global<\/a>.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-left\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>1996<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Rise-of-CCD-1.jpg\" alt=\"\" class=\"wp-image-29059\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Rise-of-CCD-1.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Rise-of-CCD-1-300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Rise-of-CCD-1-768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Rise-of-CCD-1-1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">The Rise of Caf\u00e9 Coffee Day<\/h3><div class=\"timeline-block_desc\"><p>The farm-to-cup company opened doors to its first cafe on Brigade Road, Bangalore. This hangout spot caught the fancy of the youth in Bangalore, quickly becoming <strong>the place for conversations and more over a cuppa joe.<\/strong>  <\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-right\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2011 -2016<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Cafe-Coffee-Day-Expansion-1.jpg\" alt=\"\" class=\"wp-image-29054\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Cafe-Coffee-Day-Expansion-1.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Cafe-Coffee-Day-Expansion-1-300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Cafe-Coffee-Day-Expansion-1-768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Cafe-Coffee-Day-Expansion-1-1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">Cafe Coffee Day Expansion <\/h3><div class=\"timeline-block_desc\"><p>The cafe culture of the West caught on in India, and V. G. Siddhartha&#8217;s dream found the demand to expand to 2000 caf\u00e9s by 2016 with a presence in Austria, Egypt, Malaysia, Nepal, and the Czech Republic becoming a $1 billion company one cup at a time. <\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-left\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2017<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Icon-For-Innovation-Excellence-1.jpg\" alt=\"\" class=\"wp-image-29061\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Icon-For-Innovation-Excellence-1.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Icon-For-Innovation-Excellence-1-300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Icon-For-Innovation-Excellence-1-768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Icon-For-Innovation-Excellence-1-1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">Icon For Innovation &amp; Excellence<\/h3><div class=\"timeline-block_desc\"><p>The Coffee Day brand flourished, becoming more than just a name associated with coffee with red branding. It symbolized innovation, diversity, and Siddhartha\u2019s unrelenting pursuit of excellence across various industries, from owning the crops and producing the coffee, espresso machines, and furniture for the outlets and Coffee Day Resorts. <\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-right\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2017-2019<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_A-Prospering-Dream-1.jpg\" alt=\"\" class=\"wp-image-29056\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_A-Prospering-Dream-1.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_A-Prospering-Dream-1-300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_A-Prospering-Dream-1-768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_A-Prospering-Dream-1-1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">A Prospering Dream<\/h3><div class=\"timeline-block_desc\"><p>The Coffee Day Enterprises owned around 1,700 cafes, more than 48,000 vending machines, 532 kiosks, and more than 403 locations where ground coffee was sold. A Moneycontrol report from 2019 reported that Coffee Day Enterprises had a yearly revenue of Rs 4,264 crore.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-left\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2019<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Rising-Debts.-1.jpg\" alt=\"\" class=\"wp-image-29064\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Rising-Debts.-1.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Rising-Debts.-1-300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Rising-Debts.-1-768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Rising-Debts.-1-1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">Caf\u00e9 Coffee Day Rising Debts&#8230; <\/h3><div class=\"timeline-block_desc\"><p>Caf\u00e9 Coffee Day had a total debt of almost Rs 6,574 crore 2019. Adding to its woes was the 10% fall in coffee exports in India, which led to a drop in coffee prices for the first time in 13 years. Meanwhile, the company\u2019s revenue plummeted by a distressing 28%. <\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-right\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2019<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Attempts-to-Pay-off-Debts-1.jpg\" alt=\"\" class=\"wp-image-29065\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Attempts-to-Pay-off-Debts-1.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Attempts-to-Pay-off-Debts-1-300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Attempts-to-Pay-off-Debts-1-768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Attempts-to-Pay-off-Debts-1-1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">Attempts to Pay off Debts<\/h3><div class=\"timeline-block_desc\"><p>V.G. Siddhartha decided to sell his 20.32% ownership in Mindtree, an IT services company, for over Rs 3,200 crore to pay off CCD&#8217;s debts.  <br><br>Things worsened when CCD could not obtain the working capital to run the company. It prompted him to agree to sell the flagship brand <strong>CCD to Coca-Cola <\/strong>for an estimated Rs 10,000 crore while Blackstone was considering buying his stake in the realty firm <strong>Tanglin Developments <\/strong>for Rs. 2800 crores. <\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-left\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2019<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Adding-to-V.Gs-Woes-2.jpg\" alt=\"\" class=\"wp-image-29055\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Adding-to-V.Gs-Woes-2.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Adding-to-V.Gs-Woes-2-300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Adding-to-V.Gs-Woes-2-768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Adding-to-V.Gs-Woes-2-1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">Adding to V.G&#8217;s Woes<\/h3><div class=\"timeline-block_desc\"><p>The <a href=\"https:\/\/www.equentis.com\/blog\/what-is-direct-tax\/\">Income Tax<\/a> department raided 20 of Siddhartha\u2019s properties and discovered nearly \u20b9650 crores in hidden income.<br><br>At the same time, his father slipped into a coma, and the short-term loan he needed to rescue CCD didn\u2019t come through. This, perhaps, was Siddhartha\u2019s last straw. <br><br>Siddhartha was reported missing on July 29, 2019, and was found dead two days later in the river.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-right\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2019<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Grim-Reality-.jpg\" alt=\"\" class=\"wp-image-29017\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Grim-Reality-.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Grim-Reality--300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Grim-Reality--768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Grim-Reality--1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">Grim Reality<\/h3><div class=\"timeline-block_desc\"><p> He left a letter that revealed the grim reality of his business. He confessed to the financial abyss he had found himself in and the relentless pressure from lenders, investors, and tax authorities.<br><br>As the news of Siddhartha&#8217;s passing spread, CCD found itself in a more profound crisis. The company\u2019s <a href=\"https:\/\/www.equentis.com\/blog\/reading-stock-charts-the-basics\/\">stock price<\/a> crashed, and outlets, once buzzing with customers, faced protests and vandalism. <br><br>Creditors were demanding repayment while the board scrambled to find a successor.\u00a0<br><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-left\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2019<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Downward-Spiral-1.jpg\" alt=\"\" class=\"wp-image-29062\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Downward-Spiral-1.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Downward-Spiral-1-300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Downward-Spiral-1-768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Downward-Spiral-1-1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">The Downward Spiral<\/h3><div class=\"timeline-block_desc\"><p>The share prices took a beating after Siddhartha&#8217;s unfortunate passing, dropping from \u20b9193 to \u20b9122 in just two days.\u00a0<br>The market capitalization plummeted nearly 50%. CDEL\u2019s financials taking a hit wasn\u2019t enough. Sical Logistics, a listed corporation, V.G. Siddhartha, had a 0.68% stake dropped by 20%.\u00a0<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-right\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2020<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Malavika-Hegdes-Turnaround-.jpg\" alt=\"\" class=\"wp-image-29015\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Malavika-Hegdes-Turnaround-.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Malavika-Hegdes-Turnaround--300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Malavika-Hegdes-Turnaround--768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Malavika-Hegdes-Turnaround--1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">Malavika Hegde\u2019s Turnaround <\/h3><div class=\"timeline-block_desc\"><p>Many believed it was the end of the coffee saga Siddharata had begun. But the beans were still roasting \u2014 Malavika Hegde, Siddhartha\u2019s wife and mother of his sons, had plans. <\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-left\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2020<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_A-Lot-Can-Happen-Over-Coffee-1.jpg\" alt=\"\" class=\"wp-image-29058\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_A-Lot-Can-Happen-Over-Coffee-1.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_A-Lot-Can-Happen-Over-Coffee-1-300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_A-Lot-Can-Happen-Over-Coffee-1-768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_A-Lot-Can-Happen-Over-Coffee-1-1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">A Lot Can Happen Over Coffee<\/h3><div class=\"timeline-block_desc\"><p>In December 2020, Malavika Hegde took over as CEO of CDEL.<br>She wasted no time taking bold and decisive actions: Selling off the assets that were not core to CCD\u2019s business, renegotiating the terms of the debt, and shutting down the ventures that were bleeding money.\u00a0<br>But that\u2019s not all!<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-right\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2020<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_CCDs-New-Avatar-1.jpg\" alt=\"\" class=\"wp-image-29053\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_CCDs-New-Avatar-1.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_CCDs-New-Avatar-1-300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_CCDs-New-Avatar-1-768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_CCDs-New-Avatar-1-1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">CCD&#8217;s New Avatar<\/h3><div class=\"timeline-block_desc\"><p>Hegde knew that the heart of CCD was its caf\u00e9s \u2014 had CCD begun to forget it? <br><br>Hedge set out to make those caf\u00e9s even better. New products, exciting services, and rewards for loyal customers \u2014 ensuring something special brewed at every caf\u00e9. <br><br>Thanks to her tireless efforts, CCD\u2019s debt fell drastically to manageable levels.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-left\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2020<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Hegdes-Strategies-.jpg\" alt=\"\" class=\"wp-image-29016\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Hegdes-Strategies-.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Hegdes-Strategies--300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Hegdes-Strategies--768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Hegdes-Strategies--1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">Hegde\u2019s Strategies\u00a0<\/h3><div class=\"timeline-block_desc\"><p>Malavika Hegde proved that every wave that falls rises eventually. Under Hegde\u2019s leadership, CDEL reduced its debt by 75%. That, too, despite the ongoing Covid-19 pandemic.\u00a0<br><br>She took expected and unexpected measures, creating history<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-right\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2020<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Unexpected-Measures-1.jpg\" alt=\"\" class=\"wp-image-29060\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Unexpected-Measures-1.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Unexpected-Measures-1-300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Unexpected-Measures-1-768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Unexpected-Measures-1-1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">Unexpected Measures<\/h3><div class=\"timeline-block_desc\"><p>First was shutting down underperforming shops and lackluster coffee vending machines and focusing on what truly mattered. <br><br>The objective was clear: channel all efforts into nurturing its beloved CCD caf\u00e9 chain. It was just the beginning of the grand transformation. <br><br>Malavika realized that she needed to muster resources and strength. So, she sold their stake in Mindtree, an IT services subsidiary, and other non-core assets. <\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-left\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2021<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Winds-of-Change-.jpg\" alt=\"\" class=\"wp-image-29024\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Winds-of-Change-.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Winds-of-Change--300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Winds-of-Change--768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Winds-of-Change--1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">Winds of Change<\/h3><div class=\"timeline-block_desc\"><p>The Global Village Tech Park in Bengaluru found a new owner in the Blackstone Group. The profit from this sale helped to invigorate CDEL\u2019s financial position.<br><br>Malavika went the extra mile, implementing cost-cutting measures. The goal was to ensure every resource aligned with CDEL&#8217;s grand strategy and renegotiate debt commitments to alleviate financial stress. <\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-right\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2022<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_An-Improved-Cafe-Coffee-Day-1.jpg\" alt=\"\" class=\"wp-image-29034\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_An-Improved-Cafe-Coffee-Day-1.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_An-Improved-Cafe-Coffee-Day-1-300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_An-Improved-Cafe-Coffee-Day-1-768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_An-Improved-Cafe-Coffee-Day-1-1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">An Improved Cafe Coffee Day<\/h3><div class=\"timeline-block_desc\"><p>In this transformation journey, CDEL sought alliances and partnerships with companies like New World Hospitality from Hong Kong, envisioning a future where they could work together to run operations in India.<br><br>The grand finale to its strategic makeover, CDEL had a secret weapon \u2014 its vast coffee estates in Kodagu and Sakleshpur, sprawling over 20,000 acres. <br><br>These estates were not just estates; they produced the finest Arabica coffee beans. CDEL leveraged this valuable asset, borrowing against it to fuel its ambitious plans further.<br>.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-left\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2023<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Scene-Now-.jpg\" alt=\"\" class=\"wp-image-29026\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Scene-Now-.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Scene-Now--300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Scene-Now--768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_The-Scene-Now--1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">The Scene Now<\/h3><div class=\"timeline-block_desc\"><p><a href=\"https:\/\/www.equentis.com\/blog\/is-coffee-days-brew-hot-enough-to-invest-today\/\" target=\"_blank\" rel=\"noreferrer noopener\">CCD<\/a> has made its mark across the country again. It serves fresh cups of delicious coffee in over 500 locations nationally. Plus, it supplies people at workplaces with 36,000 coffee vending machines.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-right\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2023<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Financial-Numbers-To-Note-1.jpg\" alt=\"\" class=\"wp-image-29052\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Financial-Numbers-To-Note-1.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Financial-Numbers-To-Note-1-300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Financial-Numbers-To-Note-1-768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Financial-Numbers-To-Note-1-1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">Financial Numbers To Note<\/h3><div class=\"timeline-block_desc\"><p>In 2019, CCD had a heavy debt load of \u20b97,200 crores. But by 2023, they managed to trim this heavy debt by <strong>95%!\u00a0<\/strong><br><br>In FY2022-23, its retail coffee division raked in \u20b9869 crores in revenue. What&#8217;s more, they grew \u2014 a whopping <strong>75% <\/strong>year-on-year increase.<br><br>Let\u2019s not forget CCD managed to <strong>shrink its losses<\/strong> to <strong>\u20b968 crores<\/strong>, down <strong>from \u20b9112 crores<\/strong> the previous year. <\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-cp-timeline-content-timeline-block-child swiper-slide\"><div class=\"timeline-content icon-false \"><div class=\"timeline-block-timeline ctl-row  position-left\"><div class=\"ctl-6 timeline-block-time\"><div class=\"story-time\"><p>2023<\/p><\/div><\/div><div class=\"timeline-block-icon\"><svg stroke=\"currentColor\" fill=\"currentColor\" stroke-width=\"0\" viewBox=\"0 0 512 512\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M256 8C119 8 8 119 8 256s111 248 248 248 248-111 248-248S393 8 256 8z\"><\/path><\/svg><\/div><div class=\"ctl-6 timeline-block-detail\"><div class=\"story-details\"><div class=\"story-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1401\" height=\"651\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Whats-Next-.jpg\" alt=\"\" class=\"wp-image-29027\" title=\"\" srcset=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Whats-Next-.jpg 1401w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Whats-Next--300x139.jpg 300w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Whats-Next--768x357.jpg 768w, https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2023\/11\/BLOG-revised_Whats-Next--1024x476.jpg 1024w\" sizes=\"(max-width: 1401px) 100vw, 1401px\" \/><\/div><div class=\"story-content\"><h3 class=\"timeline-block_title\">What&#8217;s Next<\/h3><div class=\"timeline-block_desc\"><p>With such a dramatic reduction in debt, remarkable revenue growth, and a successful battle against losses, Malavika Hegde turned the tables.<br><br>But can this strategy survive the test of time? It remains to be seen.\u00a0<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\n<\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A few years ago, if you wanted a cup of joe, you just had to walk down the corner of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":29074,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1411],"tags":[],"class_list":["post-26786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saga"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/26786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=26786"}],"version-history":[{"count":0,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/26786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/29074"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=26786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=26786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=26786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}