Café Coffee Day Faces Tough Times with Possible Bankruptcy Ahead
Operating under Coffee Day Enterprises Ltd., Café Coffee Day is apparently close to bankruptcy; a possible filing is planned on March 25, 2025. Debt of the company has surpassed ₹3,200 crore since the 2019 death of its founder, V.G. Siddhartha. Financial hardship continues even with a temporary legal relief from the NCLAT; 45 stores were closed on March 15, 2025, owing to ₹18 crore in overdue rent. Investor worries set off a 12% stock drop on March 18, 2025 to ₹22.10. The company’s next direction will be decided upon at a decisive board meeting set for March 20, 2025.