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Café Coffee Day

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Cafe Coffee Day
Café Coffee Day
Company typeSubsidiary of Coffee Day Enterprises
BSE: 539436
NSE: COFFEEDAY
(parent company)
ISININE335K01011
IndustryCoffeehouse
Founded1996; 28 years ago (1996)
FounderV. G. Siddhartha
HeadquartersCoffee Day Square, Vittal Mallya Road,
Bengaluru, Karnataka
,
India[1]
Number of locations
550[2] (2021)
Area served
Worldwide
Key people
[3]
Products
RevenueDecrease ₹1,024.79 crore (US$120 million) (2021)[4]
Decrease ₹−559.02 crore (US$−67 million) (2021)
Decrease ₹−583.92 crore (US$−70 million) (2021)
Total assetsDecrease ₹6,601.80 crore (US$790 million) (2021)
Total equityDecrease ₹3,896.40 crore (US$470 million) (2021)
Number of employees
20,135[4]
ParentCoffee Day Enterprises
Subsidiaries
  • Café Emporio
  • Coffee Day Fresh ‘n Ground
  • Coffee Day Xpress
  • Coffee Day Take Away
  • Coffee Day Exports
  • Coffee Day Perfect
  • Coffee Day Beverages
Websitecafecoffeeday.com

Café Coffee Day (CCD) is an Indian multinational chain of coffeehouses headquartered in Bengaluru, Karnataka. It is a subsidiary of Coffee Day Enterprises Limited. Internationally, CCDs are present in Austria, Czech Republic, Malaysia, Nepal and Egypt.

History

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Café Coffee Day Global Limited Company is a Chikkamagaluru-based business which grows coffee in its own estates of 20,000 acres.[5] It is the largest producer of arabica beans in Asia, exporting to various countries including U.S., Europe, and Japan.[6]

V. G. Siddhartha started the café chain in 1996 when he incorporated Coffee Day Global, which is the parent of the Coffee Day chain.[7] The first CCD outlet was set up on July 11, 1996, at Brigade Road, Bangalore, Karnataka. It rapidly expanded to other cities in India, with more than 1,000 cafés open across the nation by 2011.

In 2010, it was announced that a consortium led by Kohlberg Kravis Roberts would invest ₹1,000 crore (equivalent to ₹22 billion or US$270 million in 2023) in Coffee Day Resorts, owned by the company.[8] The same year, the logo was changed to the current logo, which the company stated was to showcase the chain as a place to talk.[9] This was done with major changes in the layout of the stores, including the addition of lounges and a total revamp of the interiors.[10]

  • A cup of coffee at Café Coffee Day
    A cup of coffee at Café Coffee Day
  • Sandwich, coffee and tea served at CCD
    Sandwich, coffee and tea served at CCD

The company is vertically integrated as per the strategy to cut costs: from owning the plantations[5] to growing the coffee,[5] making the coffee machines[11] and making the furniture for the outlets.[5]

On 29 July 2019, Siddhartha went missing, and his body was found in the Nethravathi river backwaters two days later. A letter, assumed to be written by Siddhartha addressing the board of directors and staff, was made public in which he takes responsibility for not creating a profitable business model.[12]

In September 2019, the company appointed auditing firm Ernst and Young to scrutinize their books of accounts. They also indicated the auditor will also look into circumstances of the last letter written by the founder and the points he made in it.[13]

In March 2020, Coffee Day Enterprises Limited announced that it has reached an agreement to sell Global Village Technology Park, a 90-acre tech park on the outskirts of Bengaluru, for a total consideration of ₹2,700 crore for repaying the debt of Cafe Coffee Day's associate firms and their promoters.[14] In 2023, IndusInd Bank filed a bankruptcy petition against Cafe Coffee Day.[15]

Outlets

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As of June 2021, the company had 550 café outlets in different cities of India.[2]

  • Bangalore Airport
    Bangalore Airport
  • Gurgaon
    Gurgaon
  • Hyderabad
    Hyderabad

Subsidiaries

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In June 2010, CCD acquired Café Emporio, a café chain from the Czech Republic. At that time, Café Emporio had 11 cafés in the Czech Republic.[16]

Café Coffee Day's divisions include:

See also

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Footnotes

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  1. ^ "Coffeeday Group – Contact". www.coffeeday.com. Archived from the original on 23 May 2016. Retrieved 30 March 2020.
  2. ^ a b "Coffee Day Quarterly Report Q1 2022" (PDF). Retrieved 18 August 2021.
  3. ^ "A year after VG Siddhartha's death, wife Malavika Hegde takes charge of Coffee Day as new CEO". The Economic Times. 8 December 2020. Retrieved 8 December 2020.
  4. ^ a b c d e "Coffee Day Annual Report 2019" (PDF). Archived from the original (PDF) on 6 October 2021. Retrieved 30 March 2020.
  5. ^ a b c d "Forbes India Magazine – V.G. Siddhartha is Branching Out". Archived from the original on 8 October 2011. Retrieved 9 July 2001.
  6. ^ "Full of beans". Calcutta. The Telegraph. 3 April 2014. Archived from the original on 29 July 2014. Retrieved 25 July 2014.
  7. ^ "VG Siddhartha: The man who tasted success through coffee". Economic Times. 30 July 2019. Archived from the original on 30 July 2019. Retrieved 30 July 2019.
  8. ^ "KKR-led consortium to invest Rs 1k-cr in Coffee Day Resorts". Economic Times. 15 March 2010. Archived from the original on 8 July 2014. Retrieved 24 July 2014.
  9. ^ "Cafe Coffee Day unveils new logo". Bangalore. Deccan Herald. 6 October 2010. Archived from the original on 28 July 2014. Retrieved 24 July 2014.
  10. ^ "Cafe Coffee Day to go for makeover, to open 180 outlets this fiscal". Barcelona. Daily News and Analysis. 28 June 2010. Archived from the original on 29 July 2014. Retrieved 24 July 2014.
  11. ^ "Competition in the coffee retailing sector steps up". 18 August 2011. Archived from the original on 15 January 2012. Retrieved 22 August 2011.
  12. ^ "India's leading Coffee Chain Cafe Coffee Day founder dead body found". 31 July 2019. Archived from the original on 31 July 2019. Retrieved 31 July 2019.
  13. ^ "Coffee Day Enterprise Appoints Global Accounting Firm EY to Scrutnise Book of Accounts". News18. 8 August 2019. Archived from the original on 3 September 2019. Retrieved 3 September 2019.
  14. ^ Laskar, Anirudh (27 March 2020). "Coffee Day gets Rs. 1800 crore from Blackstone for IT park deal". Live Mint. Retrieved 29 March 2020.
  15. ^ Prasad B, keshava (24 July 2023). "ದಿವಾಳಿ ಪ್ರಕ್ರಿಯೆಗೆ ಅರ್ಜಿ ಸಲ್ಲಿಸಿದ ಕಾಫಿ ಡೇ ಗ್ಲೋಬಲ್". Vistara News. Retrieved 24 July 2023.
  16. ^ "CCD acquires Czech Republic's Cafe Emporio". 1 June 2010. Retrieved 30 March 2020.
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