Malavika Hegde is chairperson of Coffee Day Enterprises, Coffee Day Global; S.V. Ranganath retires

Coffee Day Enterprises, promoted by entrepreneur the late V.G. Siddartha, has elevated Malavika Hegde, its CEO as chairperson of the company with immediate effect, said the company in a regulatory filing.

Ms. Hegde, wife of Siddartha, has been serving as the CEO of the company since 2019.

Also, she has been reappointed as a whole-time director of the company for another five years. “Based on the recommendation of the Nomination and Remuneration Committee, the Board considered and unanimously approved the re-appointment of Mrs. Malavika Hegde as a Whole-time Director (WTD) for a further period of five years effective December 31, 2025, till December 30, 2030,’‘ as per the BSE filing.

The board has also appointed Ms. Hegde as chairperson of Coffee Day Global Limited, a subsidiary of Coffee Day Enterprises, effective immediately. She is already a Whole Time Director of the company.

“Ms. Hegde has been actively involved in the group’s hospitality business since 2008, contributing strategic guidance in positioning The Serai chain of resorts as a premium brand. Since 2020, she, along with an able team of professionals, has been leading the turnaround by solving debt issues and growth of the Coffee Day brand in cafes, vending machines, and kiosks,” the filing added.

She succeeds S.V. Ranganath, former Chief Secretary of Karnataka, who served as chairperson of the company during its most turbulent times.

Meanwhile, Coffee Day Enterprises reported first quarter (of FY26) revenues of ₹269 crore, a 3% year-on-year growth while it posted a net profit of ₹28 crore against a net loss of ₹11 crore in the corresponding period a year ago. So far during calendar 2025, the company has raked in revenues of ₹1,078 crore.