A former billionaire's valiant rise and tragic fall:
Wednesday morning in the Netravati River in an apparent suicide, will likely also come to represent grimmer realities: the limits of the Indian economic miracle, the constraints of creating a business within a developing market and the alleged harassment by government officials, which would have been not unlike the corruption that disgusted him in the first place.
“The first thing was, I felt intimidated by the two elevators [at the Bombay office]. I had never taken an elevator in my life. So I climbed up the six floors,” Siddhartha. From there, he reached Kampani’s inner sanctum. “He asked me who I was. I told him that I had come all the way from Bangalore, and I wanted to work for him. … I had never seen an office as large as his. … He said he would take me in, but he had no idea who I was.
Around then, the Indian government pared back regulations on coffee growers. Before, they had been forced to sell to a national clearinghouse for 35 cents a pound, less than half what the beans could fetch overseas. As the rules fell away, prices for coffee began to rise. They hit $2.20 a pound in 1994 when a freeze in Brazil decimated that country’s crop. Siddhartha picked up the slack, fulfilling orders for 4,000 tons.
What Siddhartha loved more than coffee was working, and he celebrated New Year’s Eve 2009 in a Coffee Day, taking notes on how to improve service—and going behind the counter to see firsthand how customers treated his employees. “I was simply amazed how indifferent people are to those who serve.
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