Yet VG Siddhartha’s wife Malavika Hegde stepped up and scripted a remarkable turnaround story. His brand was left with a gigantic debt of Rs 7,000 crore. Yet Siddhartha’s wife Malavika Hegde stepped up and took over the reins of the brand. With a mounting debt and the Covid-19 pandemic adding to the challenge, Malavika decided to consolidate the business. Her efforts led to the debt reducing to Rs 1,731 crore in March 2021 and further down to 465.25 crore in 2023.

Source: dna July 11, 2023 07:22 UTC