Malavika Hegde, wife of V G Siddhartha, took over as CEO of Coffee Day Enterprises Limited (CDEL) in December 2020.
Inspiring example
CDEL had a debt of Rs 7,000 crore as of March 31, 2019. In August last year, CDEL reduced the debt, slowly getting back on track. According to its annual report, the net debt of CDEL stood at Rs 1,731 crore as of March 31, 2021.Hedge is a strong example of owning commitment, self-confidence and bouncing back. CCD owns 572 cafes across 165 cities in the country, along with 333 CCD Value Express kiosks.
