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Vijay Mallya
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Vijay Mallya (born 18 December 1955)[1][2][3] is an

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Indian businessman and politician. The son of

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another businessman Vittal Mallya, he is the ex-

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Vijay Mallya

chairman of United Spirits Ltd, the largest spirits


company in India, and continues to serve as
Chairman of UB Group, an Indian conglomerate

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with interests in beverage alcohol, aviation


infrastructure, real estate and fertiliser among
others. Mallya is also a member of the Rajya

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Sabha, the upper house of the Parliament of India.

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He has been the Chairman of Sanofi India

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over 20 years, in addition to being the Chairman

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of several other companies.[4]

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Born

18 December 1955 (age60)[1]


Kolkata, West Bengal[1]

Nationality

Indian

Political party Independent

He also co-owns the Formula One team Sahara

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Force India. His companies own Indian Premier

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League team Royal Challengers Bangalore, the I-

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League teams Mohun Bagan AC and East Bengal

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Personal details

(previously Hoechst AG and Aventis) as well as


the Chairman of Bayer CropScience in India for

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Vijay Mallya

Occupation

Businessman

Religion

Hinduism

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FC.[citation needed] He is also a member of the

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World Motor Sport Council representing India in the FIA.[5] He is also known for having launched

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Kingfisher Airlines, a new airline established as a major business venture in 2005 that later

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became insolvent and was shut down in 2012.

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Once called the "King of Good Times" and "the playboy of the East" due to his extravagant
lifestyle, Mallya and his companies have been embroiled in financial controversies and
difficulties in recent years, and especially since 2012.[6][7] Mallya left India on 2 March 2016 after

saying he wanted to move to Britain to be closer to his children.[6] A group of Indian banks is

trying to collect approximately 7000 crore (US$1.0billion) in loans they said they have made to

Deutsch

Mallya and his businesses,[6][8] and the Attorney General said that Mallya's assets abroad are

Espaol

"far in excess to loans taken by him".[6] The 17 banks petitioned the Supreme Court of India in

Franais
Bahasa Indonesia
Italiano

March 2016 to try to prevent Mallya from leaving the country, but the Indian government
indicated that he had already left. The Enforcement directorate of India also filed a money
laundering case against him in March 2016 for allegedly sending abroad some 900 crore
(US$130million) that had been loaned to his airline.[6] The High Court of Judicature at

Lietuvi

Hyderabad issued a non-bailable warrant against Mallya on 13 March 2016 for his failure to

Vijay Mallya - Wikipedia, the free encyclopedia.html[3/15/2016 5:51:27 PM]

Vijay Mallya - Wikipedia, the free encyclopedia

appear in the court regarding an allegation of cheating the GMR Hyderabad International Airport
Ltd by issuing them a dishonoured cheque for 50 lakh (US$74,000).[9]
Bahasa Melayu

Contents

Nederlands

1 Personal life

Norsk bokml
Polski

2 Business
3 Political career

Portugus

4 Auction purchases

5 Awards

Suomi

6 References
7 External links
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Personal life

[ edit ]

Vijay Mallya was born on 18 December 1955, the son of Vittal Mallya and Lalitha Ramaiah. Vittal
Mallya was the chairman of United Breweries Group, from Bantwal, Mangaluru, and was from a
Konkani-speaking Gaud Saraswat Brahmin family.[1][3][7] He was educated at La Martinire
Calcutta, where he was appointed House Captain of Hastings house in his final year, and at St
Xavier's College, Calcutta,[1][10] where he graduated with a Bachelor of Commerce degree (with
honours) in 1970.[1] While in college, Mallya interned in his family's businesses. After
graduating, he interned at the American part of Hoechst AG in the United States.[citation needed]
In 1986, he met and married Sameera Tyabjee, an air hostess of Air India. They have one son,
Siddharth Mallya, who was born on 7 May 1987.[2][11] They were divorced shortly afterwards,
although Mallya has stated in interviews that he has a "great relationship" with his first wife.[12]
In June 1993, Mallya married his current wife Rekha, whom he had known since childhood, and
together they have two daughters, Leanna and Tanya.[13][14][1] Rekha was previously married
twice, and also has a daughter and son, Leila and Kabir, from a previous marriage.[14][3] Mallya
adopted Rekha's daughter Leila.[2] On the subject of raising his children, Mallya said "My
children are very dear to me. I am responsible as a father to play an active role in determining
their future."[12] However, he also said "I wasn't a hands-on father. I hired good nannies for my
children and left it to their expertise."[12] In contrast with Vijay Mallya's flamboyant lifestyle, his
wife Rekha has maintained a relatively private personal life and has said she just prefers to
spend her time with her daughters.[12][2]
Although generally characterized as having an extravagant lifestyle, Mallya was reported in 2005
to be someone who prays every day and conducts the entire 42-day Sabarimala fast every year
while wearing only black clothing, and to be a devout follower of Sri Sri Ravi Shankar and the
Art of Living movement.[7]

Business

[ edit ]

Mallya became the Chairman of United Breweries Group in 1983 at the age of 28, following his
father's death.[4] Since then, the group has grown into a multi-national conglomerate of over 60
companies, with an annual turnover which increased by 64% over 15 years to US$ 11 billion in
19981999. He consolidated the various companies under an umbrella group called the "UB

Vijay Mallya - Wikipedia, the free encyclopedia.html[3/15/2016 5:51:27 PM]

Vijay Mallya - Wikipedia, the free encyclopedia

Group", spun off non-core and loss-making businesses and focused on the core business of
alcoholic beverages.[citation needed] Over the years, he has diversified and acquired Berger
Paints, Best and Crompton in 1988; Mangalore Chemicals and Fertilisers in 1990; The Asian
Age newspaper and the publisher of film magazine, and Cine Blitz, a Bollywood magazine in
2001.[15]
United's Kingfisher beer has more than a 50% market share in India's beer market.[4] The beer
is available in 52 countries outside India and leads among Indian beers in the international
market.[4]
United Spirits Ltd, the flagship company of the UB Group, achieved the historic milestone of
selling 10 crore (100 million) cases, becoming the second-largest spirits company in the world
by volume under Vijay Mallya's chairmanship.[4] In 2012, Mallya ceded management control of
United Spirits Limited to global spirits giant Diageo, although he retained a minority stake in the
business.[16] In February 2015 Mallya was forced to resign as Chairman of United Spirits, and
he contracted to receive a $75 million severance payment as part of that deal, but the courts in
India have blocked that payment.[17][18]
Kingfisher Airlines, established in 2005, was a major business venture launched by Mallya.[19] It
eventually became insolvent and had to be closed down.[20][21] As of October 2013, it had not
paid salaries to its employees for 15 months, had lost its licence to operate as an airline, and
owed more than US$ 1 billion in bank loans.[16] By November of 2015 the amount owed to the
banks had grown to at least $1.35 billion, and there were other debts owed for taxes and to
numerous small creditors.[17] As part of the Kingfisher collapse, Mallya is accused of being a
"willful defaulter" under Indian law, including accusations of money laundering, misappropriation,
etc.[22][17]
In March 2016, a consortium of banks approached the Supreme Court of India to stop Mallya
from going abroad due to the pending money his companies owed them. As per media reports,
he had already left India.[23] On March 13, 2016 a court in Hyderabad issued a non-bailable
warrant for Mallya's arrest, but it appears he is remaining at his country estate near London,
England, while his lawyer contests the warrant with a higher court.[24][25]

Political career

[ edit ]

Previously a member of the Akhila Bharata Janata Dal,


Mallya joined the Subramanian Swamy led Janata Party
in 2003 and served as its National Working President till
2010.[26][27][28] He was elected to the Rajya Sabha in
2002 as an independent member from his home state
of Karnataka with the support of the Congress party and
Janata Dal (Secular). In 2010, he was re-elected for a
second term, this time with the backing of the Bharatiya
Janata Party (BJP)[29] and the JD(S).[30][31]

Auction purchases

[ edit ]

Vijay Mallya is noted for his successful bidding in

Vijay Mallya - Wikipedia, the free encyclopedia.html[3/15/2016 5:51:27 PM]

Vijay Mallya - Wikipedia, the free encyclopedia

auction of items that are considered of great historical

Mallya in 2010

value to India. In 2004, he placed the winning bid of


175,000 for the sword of Tipu Sultan at an auction in London, and brought it back to India.[1]
Subsequently, he bought 30 other items owned by Tipu Sultan from auction houses in the UK,
including a cannon, other weapons, and personal items.[1] In March 2009, Mallya successfully
bid for the belongings of Mahatma Gandhi[1] for US$ 1.8 million, in a New York auction that
initially caused an uproar in India and its government tried and failed to prevent it from going
under the hammer.

Awards

[ edit ]

Mallya has received several professional awards both in India and overseas:
Honorary degree of Doctorate of Philosophy in Business Administration, by the Southern
California University for Professional Studies (1997).[1][4][32]
"Officier de la Lgion d'Honneur", a high award of recognition in France.[4][32]
"Global leader for tomorrow", World Economic Forum.[4][32]
"Entrepreneur of the Year" award at The Asian Awards (2010).[33]

References

[ edit ]

1. ^ a b c d e f g h i j k Vijay Mallya Rajya Sabha MP

. Mallyainparliament.in (18 December 1955).

Retrieved on 4 June 2014.


2. ^ a b c d "Unseen Pictures of Vijay Mallya and Wives"

. Daily Bhaskar. 27 November 2012.

Retrieved May 2014.


3. ^ a b c "Vijay Mallya"

. India.gov.in: National Portal of India. Retrieved May 2014. Archived

June 2013 at the Wayback Machine.


4. ^ a b c d e f g h "Accounting Policy, Bayer CropScience Ltd."

. Live Mint. Retrieved 2 June 2014.

(section 4.1)
5. ^ World Motor Sport Council
6. ^ a b c d e "Vijay Malya left the country"
7. ^

abc

. NDTV. 9 March 2016.

Bhandari, B. (8 April 2005). "Vijay Mallya: Mr High Spirits"

8. ^ "Vijay Mallya: King of bad times"

. Rediff: India Abroad.

. The Times of India.

9. ^ "Hyderabad court issues non-bailable warrant against Vijay Mallya"

. The Times of India. 13

March 2016.
10. ^ Mathew, Fr. P.C., S.J., "Aims and Objectives

", St. Xavier's College, Kolkata (accessed May

2014).
11. ^ Sid Mallya. "Sidhartha Mallya"
12. ^

abcd

. Bornrich.com. Retrieved 2014-06-14.

"My life is an open book: Vijay Mallya"

. DNAindia. 21 April 2006.

13. ^ Parliamentary Profile


14. ^ a b "I do, I do, I do..." . Times of India. August 28, 2010.
15. ^ "Diageo-USL deal puts to test Mallyas credentials"

. Mint (newspaper). 9 November 2012.

Retrieved 2014-07-30.
16. ^ a b "India's Richest #84 Vijay Mallya
17. ^

abc

", Forbes (accessed May 2014).

Narayan, Khushboo; Johnson, T A; Vikraman, Shaji (13 March 2016). "Vijay Mallya: Once

upon a time there was a king"

. The Indian Express. Retrieved 13 March 2016.

18. ^ Rana, Preetika (8 March 2016). "Vijay Mallyas Severance Payment From Diageo Halted by

Vijay Mallya - Wikipedia, the free encyclopedia.html[3/15/2016 5:51:27 PM]

Vijay Mallya - Wikipedia, the free encyclopedia

Indian Tribunal"

. The Wall Street Journal. Retrieved 13 March 2016.

19. ^ "Is Vijay Mallya India's worst businessman?"

, FirstBiz (First Post Business), 27 September

2012.
20. ^ "Non-bailable arrest warrant issued against Vijay Mallya

", The Hindu, 12 October 2012.

21. ^ "Cheques bounce case: Warrant against Kingfisher, Vijay Mallya on GMR's complaint

", CNN-

IBN, 12 October 2012.


22. ^ "What is Vijay Mallya accused of?"

. The Indian Express. 11 March 2016. Retrieved 13 March

2016.
23. ^ News. (2016).

13 banks move SC to stop Vijay Mallya but he has already left India.

Economic Times.
24. ^ "Hyderabad court issues non-bailable warrant against Vijay Mallya"

. The Times of India. 13

March 2016. Retrieved 13 March 2016.


25. ^ Suri, Sanjay (12 March 2016). "Vijay Mallya still at UK country home, seeks expensive legal
opinion"

. CNN-IBN. Retrieved 13 March 2016.

26. ^ "Vijay Mallya joins Janata Party"

. Rediff.com. Retrieved 15 March 2016.

27. ^ India, Press Trust of (8 June 2010). "Vijay Mallya removed as Working President of Janata
Party"

. Business Standard News. Retrieved 15 March 2016.

28. ^ "Steering clear of the limelight by Aravind Gowda"

. India Today. 26 February 2014. Retrieved

15 March 2016.
29. ^ "BJP backs Vijay Mallya for Rajya Sabha"

. NDTV.com. 16 June 2010. Retrieved 15 March

2016.
30. ^ "BJP, JD(S) join hands to make Mallya win Rajya Sabha seat"

. NDTV.com. 18 June 2010.

Retrieved 15 March 2016.


31. ^ "Karnataka political parties distance themselves from Vijay Mallya"

. The Economic Times. 11

March 2016. Retrieved 11 March 2016.


32. ^ a b c "Genesis Profile Dr. Vijay Mallya Chairman"
33. ^ The Asian Awards Winners List

. UB Group. Retrieved 3 June 2014. (p. 13)

. 3 November 2010. PRNewswire. PR Newswire Europe

Limited (a United Business Media company). Retrieved 2014-06-03.

External links

[ edit ]

United Breweries (UB) Group

Wikimedia Commons has


media related to Vijay Mallya.

United Spirits Limited (USL)


Kingfisher Airlines Limited KFA
Mallya in Parliament
Force India Formula 1 team
McDowell Mohun Bagan

Royal Challengers Bangalore

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(2011-12) Virat Kohli (2013-present)

Coaches

Martin Crowe (2008) Venkatesh Prasad (2008-2009, 2011-2013) Ray Jennings (2009 2013) Daniel Vettori (2014 - present) Allan Donald (2014 - present)

Seasons

2008 2009 2010 2011 2012 2013 2014 2015 2016

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Vijay Mallya - Wikipedia, the free encyclopedia


Rivalries

Chennai Super Kings rivalry

Sahara Force India F1 Team

v t e

Founders:
Vijay Mallya Michiel Mol
Team Principal:
Vijay Mallya
Personnel:
Otmar Szafnauer Subrata Roy Andy Stevenson Andrew Green Robert Fernley
Former personnel:
Mike Gascoyne James Key Colin Kolles
Sergio Prez 27.

2016 Race drivers:


11.
2016 Test and reserve drivers:

Alfonso Celis Jr.

Nico Hlkenberg
Nikita Mazepin (Development)

Related:
Hilmer Motorsport
Giancarlo Fisichella

Former drivers:

Vitantonio Liuzzi

Paul di Resta

Adrian Sutil

Formula One cars:


VJM01 VJM02 VJM03 VJM04 VJM05 VJM06 VJM07 VJM08

United Spirits

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United Breweries Group Diageo

Shaw Wallace Whyte and Mackay


Vodka

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White Mischief
Antiquity Bagpiper

McDowell's No.1

McDowell's No.1 Platinum

Royal Challenge Signature


Director's Special

DSP Black

Scotch

Black Dog

Rum

McDowell's No.1 Celebration

Brandy

McDowell's VSOP
Bouvet Ladubay

Wine

Four Seasons

Beer

Kingfisher

People

Vittal Mallya Vijay Mallya

Siddharth Mallya

Related articles

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Royal Challengers Bangalore UB City

Categories: Businesspeople from Bangalore


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