Vijay Mallaya

Vijay Mallya is the Chairman of the UB Group and according to Forbes 2008, his net worth is US $ 1.2
billion.United Breweries is the second largest sprits group in the world.We can recall that The UB Group
acquired Whyte and Mackay for £ 595 million in 2007.The UB group has a market capitalization of around
US$ 12 billion.
Vijay Mallya was born on December 18 ,year 1955.He studied at La Martiniere School in Kolkata.Mallya
went to St Xavier’s college, University of Calcutta for his Bachelor’s Degree.Hestarted working while he
was in college.He worked for his company for Rs 400 per month.Later,Mallya went to the USand
worked for American Hoechst Corporation.
Vijay Mallya became the Chairman of the UB Group at age 28 in the year 1983, after his father Vittal
Mallya passed away. Since that time he has led the group and turned it into a multi billion dollar
business.Today the company has annual sales of more than US$ 4 billion.Vijay Mallya holds an
honorary Doctorate of Philosophy in Business Administration,conferred by University
of California,Irvine. Mr. Mallya likes to take on new challenges and live life to the fullest.
Vijay Mallya entered into the aviation sector when he launched Kingfisher Airlines in 2005. In Just about
3 yearsKingfisher has become one of the leading Airlines in India.Mallya owns 46 per cent stake in low
cost airline Air Deccan.His company appointed accenture to look at thepossibility of integrating the
operations of Kingfisher and Air Deccan.Accenture recommended the merger of the two Airlines.With this
merger Kingfisher will be able to fly on international routes since Air Deccan becomes eligible to fly
abroad this year.Kingfisher plans to start international operations by August 2008.
Kingfisher gives competition to Naresh Goyal’s Jet Airways.Naresh Goyal and Vijay Mallya were in
the Forbes’ battling billionaires list since both of them have ambitious plans for their
Airlines.Billionaire Naresh Goyal has a net worth of $1.4 Billion.
Vijay Mallya is the owner of The Bangalore Royal Challengers Team of the IPL. Mallya paid Rs 464.3
crore for the team.The team is led by Rahul Dravid and has Players such as Zaheer Khan,Anil
Kumble,Praveen Kumar,Mark Boucher,Virat Kohli and Jacques Kallis.Mallya and Dutch Businessman Michiel
Mol are the owners of a Formula One Team , Force India.Force India was earlier called spyker.They
bought the team for 88 million euros.