AndhraNews.net
   

Vijay Mallya

Revision as of 20:24, 13 March 2016 by Cooleo (Talk | contribs)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Vijay Mallya
Vijay Mallya

Vijay Mallya (born 18 December 1955) is an Indian Business personality and an industralist having diversified business ranging from liquor to sports. He is associated with the UB Group, Bangalore Royal Challengers of Indian Premier League, the Force India Formula One, vI-League team East Bengal FC and other businesses. He is the Chairman and Managing Director of Kingfisher Airlines. His net worth is estimated to be about $1.0 billion.

Personal Biography

Vijay Mallya is the son of Vittal Mallya, an industrialist. Mallya is originally from the town of Bantwal (near Mangalore) in Karnataka. He was educated at La Martiniere Boys’ College, Kolkata and completed his degree at St. Xavier’s College, Calcutta under Calcutta University. He was awarded a Doctorate in Business Administration by the University of Southern California (USC).

Mallya is married twice. His first wife was Samira, a former Air India hostess, and the couple have one son, Sidhartha Mallya. He later married Rekha, his neighbor in Bangalore, and two daughters have been born of this relationship, Leana and Tanya.

Mallya cheers for Mangalore.

Social work

Mallya established Mallya Hospital, Bangalore (which had a special charity ward) and Mallya Aditi International School, a prestigious private school in Bangalore with a special section providing subsidized education. He is responsible for bidding for the sword of Tipu Sultan of Mysore, and getting it back to India. Mallya sponsored many sporting events for the physically handicapped and the poor.

Hobbies

Mallya is famous for his flamboyant and flashy lifestyle. He loves sporting and has won may trophies in professional car racing circuits. During the 1970’s and 80’s he was often spotted at the Sholavaram track, Chennai. He is a keen yachtsman and an aviator. He also has won numerous trophies in horse racing including several prestigious domestic Derbies.

Mallya has a special vintage collection of historic rare automobiles in his museum which includes some rare cars including Jaguars, Ferraris, Alfa Romeos and Mercedes Benz.

In February 2016, Vijay Mallya said that he wants to move to Britain to be closer to his children.

Professional Biography

Vijay Mallya has business interests in liquor, fertilizers and airlines.

UB Group

Mallya became the Chairman of the United Beverages Group (UB Group) in 1983. The Group, since then, has grown into a multi-national business conglomerate of over 60 companies with an annual turnover which has increased by 439% to US$ 1.2 billion in 1998-99 despite the frequent devaluation of currencies in many developing countries, including India, where the group operates. The focal business area of the group includes Beverage Alcohol, Life Sciences, Engineering, Agriculture and Chemicals, Information Technology and Leisure.

In January 09, Mallya announced that UB Group has received approval from the Calcutta High Court for Shaw Wallace and Company’s merger with its group.

In April 2010, it emerged as the world’s second largest liquor maker after Diageo. The company reported sales of over 100 million cases in the last 12 months and aims to become the number one by next fiscal.

Kingfisher Airlines

In 2005, Vijay Mallya established Kingfisher Airlines, a domestic and partially international airliner for which he is currently the Chairman and CEO.

Sport Businesses

Bangalore Royal Challengers ownership

Vijay Mallya’s UB Group bought the Bangalore Royal Challengers for $111.6 million. In April 09, he thanked the IPL management and the Board of Control for Cricket in India (BCCI) for agreeing to contribute towards the extra expenses incurred in traveling to South Africa. In March 2010, addressing a press conference, he said that the IPL will pass smoothly and that adequate security is provided. He preferred England as IPL2 host.

In March 2010, Mallya and Shane Warne Warne unveil Anil Kumble’s memoir of off-the-fieldcricket photography.

In April 2010, Mallya strongly supported IPL Commissioner Lalit Modi, saying that he is the creator and the brains behind a highly successful and lucrative IPL. Mallya said there is no need to sack Modi but also said Modi will have answers to all questions raised by BCCI.

In mid-April 2010, he said he “knows nothing” about his step daughter Laila Mahmood, who works for Modi, being the “mystery woman” who exited Modi’s office in Mumbai just before the Income Tax officials visited it for a probe.

Force India Formula One ownership

Mallya is the owner of Force India Formula One. He was at its Formula One car unveiling ceremony for 2008 season. On September 14, 2009, he said no Indian is good enough to drive on Formula One at the moment. By April 2010, Mallya said he is expecting regular top-10 finishes for Force India.

Politics

Mallya made a brief political stint when in 2000 he entered politics and superceded Subramaniam Swamy as the president of Janata Party which got split from the Janata Dal party. His party contested for around 20 seats during the Karnataka State Legislative election. He campaigned vigorously through the media, but his party failed to make any impact and did not win a single seat. This failure in the election has lead the media to ignore his political stint.

Rajya Sabha seat

Mallya served as a Rajya Sabha member. In June 2010, BJP hinted of support to Mallya in the June 17 Rajya Sabha seat polls. Mallya won the poll and secured his Rajya Sabha seat with the help of supporting parties.

Non-Bailable Warrant against Vijay Mallya

On 12 October 2012, non-bailable warrant (NBW) has been issued against Mallya by a Hyderabad court. The NBW was issued in a case filed by airport operators GMR. Five more NBWs have been also issued against the Kingfisher Airlines Management. According to the NBW issued against Mallya, Kingfisher Airlines owes more than Rs. 40 crore to Delhi airport. A cheque of Rs. 10 crore issued by Kingfisher to GMR towards this payment has been bounced.

Vijay Mallya is out of the country when the NBW has been issued. He could face arrest when he returns.

On March 12, 2016, a Hyderabad court has issued a non-bailable warrant against Vijay Mallya after he failed to appear before the court in a cheque bounce case.

Kingfisher Airlines debt

Vijay Mallya's Kingfisher Airlines owes Rs. 6,963 crore to 17 public-sector banks. The State Bank of India has the highest exposure of Rs 1,600 crore.

  • SBI - Rs 1,600 crore
  • Punjab National Bank - Rs 800 crore
  • IDBI Bank - Rs 800 crore
  • Bank of India - Rs 650 crore
  • Bank of Baroda - Rs 550 crore
  • Central Bank of India - Rs 410 crore
  • UCO Bank - Rs. 320 crore
  • Corporation Bank - Rs 310 crore
  • State Bank of Mysore - Rs 150 crore
  • Indian Overseas Bank - Rs. 140 crore
  • Federal Bank - Rs. 90 crore
  • Punjab & Sind Bank - Rs. 60 crore
  • Axis Bank - Rs. 50 crore

In February 2016, the consortium of public-sector banks had moved the debt recovery tribunal (DRT) to attach Vijay Mallya's passport. The consortium also appealed that the funds Mallya will receive from Diageo be kept in an escrow account till the dues are cleared.

Punjab National Bank, State Bank of India and Bank of India have declared KingFisher Airlines and its promoter Mr. Mallya as a 'wilful defaulter.'

Consortium of banks moves Supreme Court
On 8 March 2016, a consortium of 17 public-sector banks, led by State Bank of India moved the Supreme Court of India seeking direction that Vijay Mallya should not be allowed to leave India. The consortium is represented by attorney general Mukul Rohatgi.

The AG Mukul Rohatgi told the court that Vijay Mallya has left India on March 2, 2016. Meanwhile, notices were issued to Mallya personally, United Breweries and the Indian High Commission in London. Notices will also be served to Mallya through his official Rajya Sabha email. The case will come up for hearing again on March 30. A plea order by attorney general Mukul Rohatgi to direct Vijay Mallya to appear personally before the court to force him to come back to India was brushed aside by the Apex court for now. The court asked Vijay Mallya to reply to the plea.

A senior finance ministry official said that government will use all its resources to bring Vijay Mallya home if he is found guilty by the courts. Finance Minister Arun Jaitley has been apprised of the situation.

CBI lookout notice
Media reports said that the Central Bureau of Investigation has issued a lookout notice in October 2015 and wanted immigration authorities to detain Vijay Mallya if he tried to leave the country. However, a month later, the notice was modified to say that detention was not necessary. This led to suspicions that Vijay Mallya is favored by government authorities.

'Not an absconder'
Refuting media reports that he fled from India and that he is an absconder, Vijay Mallya termed them as rubbish. He tweeted that he is an international businessman and travels to and from India frequently. He said that he respects Indian judiciary and will comply with the law of the land. Mallya also lashed out at the media for propagating lies to gain TRPs.

Other Professional Information

Vijay Mallya in News

Vijay Mallya offers 3 kgs of gold to Tirumala temple
Vijay Mallya celebrates his 57th birthday at TTD guest house

Air India crisis: ’Adequate steps taken by aviation ministry, says Praful Patel
Heavy Industries and Public Enterprises Minister Praful Patel has refused to comment on the Air India pilots’ strike, saying that adequate steps were being taken by the aviation ministry to end the impasse.

Kingfisher pilots call off strike
Pilots of the loss-making carrier Kingfisher Airlines have called off their one-day old strike after being assured that their pending salaries for January shall be paid by May 15.

Vijay Mallya says payment of Kingfisher pilots’ salaries has begun
Kingfisher Airlines Chairman Vijay Mallya on Friday said that he had written to his employees, including pilots’, and assured them that their long-overdue salaries would be disbursed from Friday.

Followers of Mahatma Gandhi lament auction of artifacts
Followers of Mahatma Gandhi on Wednesday lamented the auction of artefacts related to him, saying that such events failed to spread his principles and ideals.

Kingfisher to stop international flights, will operate with 15-16 flights
Kingfisher Airlines is expected scale down operations with only 15-16 planes to be kept operational.

Court issues NBW against Vijay Mallya in a cheque bounce case
Court issues non-bailable warrant in cheque bounce case

Kingfisher Airlines hopes to resume operations in four or five days
DGCA files its status report on Kingfisher Airlines asking it to declare its future strategy

Kingfisher Airlines cancels about 20 flights on employee unrest
Kingfisher staff demands payment of outstanding salaries by October 5, 2012

Officer’s Choice beats Vijay Mallya’s McDowell’s
Vijay Mallya’s problems now seem to be diversifying from his Kingfisher Airlines to other businesses

Kingfisher pilots go on strike; Air India cancels long haul international flights
Delhi-based pilots of private carrier Kingfisher Airlines have reportedly refused to fly over alleged non-payment of outstanding dues, and it is expected that the airline’s pilots based in Mumbai will join the protest later this evening.

Kingfisher staff likely to defer strike threat after Mallya assures salary payment
Employees of Kingfisher Airlines are likely to defer their strike after reaching an agreement with the management over the payment of salaries and other dues.

Kingfisher will operate 120 daily flights, 20 dedicated planes, no lay-offs
Cash-strapped Kingfisher Airlines on Tuesday said that there would be no lay-off of employees, and added that it would operate 120 flights daily with the help of 20 dedicated planes during the summer schedule.

India buys Mahatma Gandhi-Hermann Kallenbach archives
Indian Union Ministry of Culture buys them before Sotheby’s puts them up for auction

Cash-strapped Mallya might let Force India driver Di Resta leave for right price
Talented Force India driver Paul Di Resta is in pole position to land a McLaren job if Lewis Hamilton’s contract talks fail, and his troubled billionaire owner Vijay Mallya is ready to let him leave at the right price.

Mallya avoids commenting on SRK’s ban from Wankhede
Billionaire business tycoon and owner of Royal Challengers Bangalore (RCB), Vijay Mallya, on Friday refused to comment on the Maharashtra Cricket Association’s decision to ban Kolkata Knight Riders co-owner Shah Rukh Khan from entering the Wankhede Stadium for five years, saying the matter is between the MCA and the Bollywood actor.

RCB owner Vijay Mallya sacks Pomersbach after molestation incident
Royal Challengers Bangalore (RCB) owner Vijay Mallya has expressed his disappointment over the alleged molestation incident involving one of the squad’s players, Luke Pomersbach, and said that the latter has been sacked and will never play for RCB again.

Managing committee to decide ban on SRK: Vilasrao Deshmukh
Mumbai Cricket Association (MCA) president Vilasrao Deshmukh on Thursday said that the MCA managing committee will take final call on banning Kolkata Knight Riders co-owner Shah Rukh Khan or not.

Ecclestone in yet another controversy after Force India cry TV snub ‘vendetta’
The Force India team was left baffled after no images of their cars were shown in the hour-long TV coverage of the qualifying session for Bahrain Grand Prix.

Kingfisher staff urge Royal Challengers Bangalore to boycott IPL
Staff members of Kingfisher Airlines have reportedly appealed to players turning out for the Indian Premier League (IPL) franchise-Royal Challengers Bangalore - not to fly on Kingfisher flights till their salary dues and other demands are cleared by the airline’s management.

PM meets private airline chiefs, takes stock of aviation sector’s poor financial health
Top bosses of private airlines met Prime Minister Manmohan Singh on Saturday to seek the government’s help for the cash-strapped aviation industry, including rationalisation of taxes on jet fuel.

Kingfisher will find it difficult to continue “loss making” routes, says Vijay Mallya
Clarifying that Kingfisher Red wouldn’t fly on loss-making airlines, Kingfisher Airlines’ Chairman and promoter, Vijay Mallya on Tuesday said that the cancellation of flights in the past one week was a commercially prudent decision and the Airlines would put things in perspective and provide the facts about the private carrier.

Foreign airlines to invest in civil aviation under Consideration: official
Civil Aviation Secretary Dr Nasim Zaidi today said the Ministry of Civil Aviation has received a request from Department of Industrial Policy and Promotion (DIPP) regarding allowing of foreign airlines’ investment in India.

Manmohan Singh will explore ways of getting Kingfisher Airlines get out of crisis
The Central government will “find ways and means” to help revive the Vijay Mallya-owned Kingfisher Airlines, Prime Minister Dr. Manmohan Singh said today.

Indian Affairs & Indo American Chamber of Commerce (IACC) Set to Host “2nd Annual India Leadership Conclave 2011 in Mumbai
After the successful & impactful 1st edition of India Leadership Conclave in Delhi in previous year, Indian Affairs (www.indianaffairs.in), a Network 7 Group of Media Conglometer which also organizes Pharmaceutical Leadership Summit since last 10 Years from the international Bi-Monthly PharmaLeaders Magazine (www.pharmaleaders.co

Mallya defends decision of not having an Indian driver in F1 team
Force India co-owner Vijay Mallya has defended his decision of not having an Indian driver in his Formula One team.

British Force India driver Paul di Resta feels “privileged” to race in India
British Formula One driver Paul di Resta believes it a privilege to be racing for Force India this weekend as Formula One finally takes to the sub-continent.

Sahara Force India’s F1 team’s car attracts fans
The Sahara Force India F1 team arrived in the city to enthrall fans, as India gears up to host its first ever Formula One race.

No decision yet on Force India contract extension: Paul di Resta
Scottish Formula One driver Paul di Resta has said that he believes a decision on his future at Force India will not be made until later this year.

Indian wines flying off British shelves
The first Indian-wines, made from grapes grown in the Maharashtra, which are being sold by a UK supermarket are are proving to be extremely popular among British consumers.

India could be a market of over 4 billion passengers in near future : DG and CEO, IATA
There is tremendous potential for Indian aviation to grow, currently 42 million annual passengers fly domestically and 34 million internationally. ANI

British Airways-Iberia could buy Indian airline
British Airways has indicated that it may buy an Indian airline following its merger with Spains Iberia. ANI

IPL muscles flexing leaves White open to disclosing Victorian mates drawbacks
Australian all-rounder Cameron White is facing a major dilemma of sorts when he takes part in next months Champions League in South Africa as a member of the Bangalore Royal Challengers squad, which is owned by liquor baron Vijay Mallya. ANI

Towards a Stronger, Wider and Deeper Relationship With India
PR Newswire

Young drivers excel in National Road Racing Championship
Sriperumbudur, a suburb of Chennai, hosted the 13th National Road Racing Championship at the Madras Motor Racing Track (MMRT) on Sunday. ANI

Paswan, Rudy win Rajya Sabha polls from Bihar
Lok Janshakti Party (LJP) supremo Ram Vilas Paswan and Bharatiya Janata Party (BJP) leader Rajeev Pratap Rudy on Thursday won their respective Rajya Sabha seats from Bihar. ANI

Close battle for 18 Rajya Sabha seats in five States
A close contest is on the cards during elections to 18 Rajya Sabha seats in five States on Thursday. ANI

Global Investors Meet organized in Karnataka
In a bid to woo potential investors, entrepreneurs and global business firms to the region, the Karnataka Government initiated a two-day Global Investors Meet (GIM) here on Thursday. ANI

Force India driver Sutil expects top 10 finish at Chinese Grand Prix
Adrian Sutil, one of the key drivers of the Vijay Mallya-owned Force India racing team, is expecting a top ten finish in this weekends Chinese Grand Prix in Shanghai. ANI

Comment on this story