- Husband strives to make dreams come true ..
- The company paid off more than half of its debts
- The future looks very optimistic
- Cafe Coffee Day CEO Malavika Hegde
Malavika is an example of female power. She is the daughter of SM Krishna, who served as the Chief Minister of Karnataka. There is nothing great about it. The late Vijay Siddhartha Satyamani is the founder of Cafe Coffee Day Enterprises. Many say that the death of the husband is a desperate blow to the wife. But it is understandable to look at Malavika Hegde to see how deep, horrible, and painful that deficit can be.
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On the one hand, the husband is dead (committed suicide by jumping into the river without finding a way to pay off the debts) .. On the other hand, Rs. The company is in debt of Rs 7,000 crore .. On the other hand, the lives of thousands of employees .. Many hardships like this surround Malavika Hegde. If the debts go up .. a bad name for the husband and family (it is better that we do not talk about people like Vijay Mallya and Neerav Modi who fled abroad after evading thousands of crores of rupees in loans to the banks). If the company closes, the families of thousands of employees will fall on the road. What else to do? Malavika took a tough decision. He said the company would stand back and pay off the debts, including the anomalies.
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He kept his word and took on the responsibility of leading the company through the pain. The period turned grim. Contrary to everyone’s expectations, the company’s debt has been halved (from Rs 7,200 crore to Rs 3,100 crore). Instilled confidence in employees. Assured to investors. Cafe Coffee Day is engaged in the task of rebuilding the empire. Siddharth bowed his head to fate. Malavika stood up to the fate.
Malavika first gave an interview to The Economic Times on future business plans. Reading this will show how clear she is .. how confident she is .. how persevering she is. He said the employees were eager during the difficult times and the banks waited patiently. Modi Atmanirbhar exemplified Tamal to India. The interview concludes that she will take the company to the next level and strive to make her husband’s dreams come true.