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vijay mallya

Vijay Mallya is an Indian businessman and a politician and is the ex-chairman of the largest spirits company in India United Spirits Ltd. He currently serves as the Chairman of UB Group, an Indian conglomerate with interests in beverage alcohol, aviation, infrastructure, real estate and fertiliser among others. He also co-owns Formula One team Sahara Force India and his company is the owner of Indian Premier League team Royal Challengers Bangalore, the I-League team Mohun Bagan AC and East Bengal FC. He is also the Indian representative in the FIA of World Motor Sports Council. Mallya was also the owner of Kingfisher Airlines, that was established in 2005 but became insolvent and got shut down in 2012. Mallya also serves in the Rajya Sabha from his home state of Karnataka. He is known for his extravagant lifestyle and had the title of King of Good Times. He has been in controversies since 2012 and Mallya and his companies have been embroiled in financial scandals. He left India on 2nd March 2016. A group of 17 Indian banks are trying to collect Rs 9000 Crore that has been given to Mallya and his company as a bank loan. Mallya is said to be in London and his passport has been revoked by the Indian Government.Born on 18 December 1955, in a Goud Saraswat Brahmin family in Karnataka, Vijay Mallya was born to Vittal Mallya and Lalitha Mallya. His father Vittal Mallya was the Chairman of United Breweis Group. Vijay Mallya did his schooling from La Martiniere Calcutta where he was appointed as the Captain of Hastings House in his final year. He did his graduation with a Bachelor of Commerce from St. Xaviers College, Calcutta in 1976. After completing his education, Mallya interned at the American part of Hoechst AG in the United States. He entered into his fathers business in 1983 after the death of his father. Mallya was 28 years old when he became the Chairman of United Breweries Group and since then, his group grew into a multi-national conglomerate of over 60 companies. The annual turnover of the company also rose and it increased by 64% over 15 years to US$11 Billion in 1998-99. He created a group called UB Group and consolidated various companies into the umbrella company and he spun off the noncore and loss making businesses and focused on the business of alcoholic beverages. Over the years, he has acquired Berger paints, Best and Crompton, Mangalore Chemicals and Fertilizers, The Asian Age newspapers and the publisher of film magazine and Cine Blitz, a Bollywood magazine. His companys beer Kingfisher has more than 50% market share of the beer market in India and the beer is also available in 52 countries and leads among the Indian beers in the international market. Under Vijay Mallyas chairmanship, the flagship company United Spirits Ltd achieved the historic milestone of selling 100 million cases and became the second largest spirits company in the world. In 2012, Mallya ceded management control of United Spirits to Diageo although he retained a minority stake in business. He was forced to resign as the Chairman of United Spirits in February 2015 and he was contracted to receive a $75 million severance payment as a part of the deal but the payment was blocked by the Indian courts. His other major business venture was the Kingfisher Airlines that was launched by Mallya in 2005 but as of October 2013, the airline was unable to pay salaries of its employees for 5 months and owed more than US$1 billion in bank loans. The company became insolvent and got dissolved and the amount owed by banks grew to atleast US$1.35 billion by November 2015. Mallya was also accused of money laundering, misappropriation etc. Mallya left India on 2nd March 2016 after saying that he wanted to move to Britain to be closer to his children. A group of 17 banks are trying to collect appropriately 9000 crore rupees in loans which Mallya has allegedly routed to gain 100% or partial of the 40 companies worldwide. Investigative agencies such as Income Tax Department and Central Bureau of Investigation have charged him for financial fraud and money laundering. On 24th April 2016, the Ministry of External Affairs of India revoked his passport and Mallya resigned from Rajya Sabha on 2nd May 2016.Mallya first married in 1986 to Sameera Tyabjee, an air hostess of Air India and they have a son, Siddharth Mallya. They divorced shortly afterwards. He later got married in 1993 to his current wife Rekha and they have two daughters Leanna and Tanya. Rekha was married twice before and also has a daughter and a son Leila and Kabir from the previous marriage. Mallya adopted Rekhas daughter Leila. Mallya also has been a member of Akhil Bharata Janata Dal and later joined Subramanian Swamy led Janata Party in 2003 and served as its National President till 2010. He was elected to Rajya Sabha in 2002 as an independent member from Karnataka with support from Congress and Janata Dal. He was re-elected in 2010 with the backing of BJP. Mallya also was noticed for bidding the auction and he won the bid of 1,75,000 euro for the sword of Tipu Sultan that he bought from London. In 2009, he successfully bid the belongings of Mahatma Gandhi for US$1.8 million.

Vijay Mallya Has Applied For ‘Another Route’ to Stay in UK, Says Lawyer
PTI | January 23, 2021 8:02 AM IST
The UK Home Office has so far only confirmed on background that a confidential legal process
Vijay Mallya Has Applied For ‘Another Route’ to Stay in UK, Says Lawyer
indiacom
2021-01-22T21:02:41+00:00
2021-01-22T21:03:13+00:00
Vijay Mallya
India.com
Jaishankar Raised Vijay Mallya's Extradition, UK Not Giving Details: Centre Tells SC
IANS | January 18, 2021 4:51 PM IST
The Centre told the Supreme Court that the UK government has refused to share details of the
Jaishankar Raised Vijay Mallya's Extradition, UK Not Giving Details: Centre Tells SC
indiacom
2021-01-18T05:51:23+00:00
2021-01-18T05:51:23+00:00
Vijay Mallya
India.com
UK Court Denies Release of Substantial Funds For Vijay Mallya's Legal Fees
PTI | January 11, 2021 7:48 PM IST
The issue of funds held by the court will now be fully dealt with at a hearing listed before the
UK Court Denies Release of Substantial Funds For Vijay Mallya's Legal Fees
indiacom
2021-01-11T08:48:23+00:00
2021-01-11T08:53:13+00:00
Vijay Mallya
India.com
ED Seizes Vijay Mallya’s Assets Worth 1.6 Million Euros in France
India.com News Desk | December 4, 2020 6:48 PM IST
The move from the ED comes at a time when India fights a legal battle to extradite him from the UK.
ED Seizes Vijay Mallya’s Assets Worth 1.6 Million Euros in France
indiacom
2020-12-04T07:48:45+00:00
2020-12-04T07:48:52+00:00
Vijay Mallya
India.com
Supreme Court Seeks Status Report on Vijay Mallya's Extradition in 6 Weeks
IANS | November 2, 2020 7:03 PM IST
The top court after a brief hearing in the matter adjourned the case to the third week of January.
Supreme Court Seeks Status Report on Vijay Mallya's Extradition in 6 Weeks
indiacom
2020-11-02T08:03:04+00:00
2020-11-02T08:03:04+00:00
Vijay Mallya
India.com
Supreme Court Dismisses Vijay Mallya's Review Plea Against 2017 Contempt Verdict
India.com News Desk | August 31, 2020 12:42 PM IST
Vijay Mallya had filed the petition seeking review of the top court's May 9, 2017 order by which he
Supreme Court Dismisses Vijay Mallya's Review Plea Against 2017 Contempt Verdict
indiacom
2020-08-31T01:42:51+00:00
2020-08-31T01:42:51+00:00
Vijay Mallya
India.com
CBI’s Special Investigation Team Probing Vijay Mallya, Takes Over Sushant Singh Rajput Case
India.com Entertainment Desk | August 6, 2020 9:10 PM IST
Sushant Singh Rajput death case latest news: Special Investigation Team will probe the late actor's
CBI’s Special Investigation Team Probing Vijay Mallya, Takes Over Sushant Singh Rajput Case
indiacom
2020-08-06T10:10:21+00:00
2020-08-06T10:10:21+00:00
Vijay Mallya
India.com
India Requests UK Not to Consider Any Asylum Requests by Vijay Mallya, Calls For Early Extradition
India.com News Desk | June 11, 2020 10:53 PM IST
The UK top court's decision had marked a major setback to the 64-year-old businessman as it came
India Requests UK Not to Consider Any Asylum Requests by Vijay Mallya, Calls For Early Extradition
indiacom
2020-06-11T11:53:15+00:00
2020-06-11T11:53:15+00:00
Vijay Mallya
India.com
Vijay Mallya May Escape Extradition to India For Some More Time as UK Government Hints at 'Further legal Issue'
India.com Business Desk | June 4, 2020 4:07 PM IST
"Under UK law, extradition can't take place until legal issue resolved.The issue is confidential &
Vijay Mallya May Escape Extradition to India For Some More Time as UK Government Hints at 'Further legal Issu
indiacom
2020-06-04T05:07:08+00:00
2020-06-04T05:08:53+00:00
Vijay Mallya
India.com
28-Day Countdown: Fall of Vijay Mallya in This Decorated CBI Officer's Hands
PTI | May 14, 2020 10:55 PM IST
Vijay Mallya, the high-flying owner of now-defunct Kingfisher Airlines, on Thursday lost his
28-Day Countdown: Fall of Vijay Mallya in This Decorated CBI Officer's Hands
indiacom
2020-05-14T11:55:04+00:00
2020-05-14T11:55:04+00:00
Vijay Mallya
India.com
Vijay Mallya Urges Govt To Take His Money & Close His Case, Twitter Says 'Pay Your Employees First'
India.com Viral News Desk | May 14, 2020 5:08 PM IST
Meanwhile, Mallya has also lost the application to appeal against his extradition to India in the
Vijay Mallya Urges Govt To Take His Money & Close His Case, Twitter Says 'Pay Your Employees First'
indiacom
2020-05-14T06:08:04+00:00
2020-05-14T06:08:04+00:00
Vijay Mallya
India.com
'Will Seek Further Legal Remedies,' Says Vijay Mallya After Plea Against Extradition to India Rejected
ANI | April 21, 2020 10:06 AM IST
"I am naturally disappointed with the High Court's decision," the fugitive liqour baron tweeted
'Will Seek Further Legal Remedies,' Says Vijay Mallya After Plea Against Extradition to India Rejected
indiacom
2020-04-20T23:06:52+00:00
2020-04-20T23:10:59+00:00
Vijay Mallya
India.com
Liquor Tycoon Vijay Mallya Loses Appeal Against His Extradition in UK High Court
India.com News Desk | April 20, 2020 3:50 PM IST
The 64-year-old former Kingfisher Airlines boss had appealed to the High Court against his
Liquor Tycoon Vijay Mallya Loses Appeal Against His Extradition in UK High Court
indiacom
2020-04-20T04:50:39+00:00
2020-04-20T05:04:32+00:00
Vijay Mallya
India.com
Why London High Court Thinks Vijay Mallya Should be Given More Time
PTI | April 10, 2020 9:03 AM IST
"The parties agreed to a hearing after 1 June 2020. The outbreak of Covid-19 has made fixing a date
Why London High Court Thinks Vijay Mallya Should be Given More Time
indiacom
2020-04-09T22:03:49+00:00
2020-04-09T22:05:41+00:00
Vijay Mallya
India.com
'Request the Bank With Folded Hands': Here's What Fugitive Vijay Mallya Says
India.com News Desk | February 14, 2020 6:37 AM IST
"I have not borrowed any money from ED. In fact, I did not borrow money myself from banks,
'Request the Bank With Folded Hands': Here's What Fugitive Vijay Mallya Says
indiacom
2020-02-13T19:37:03+00:00
2020-02-13T19:37:50+00:00
Vijay Mallya
India.com
Vijay Mallya Was Not Running a Ponzi Scam, His Lawyers Tell UK Court
India.com News Desk | February 12, 2020 9:32 AM IST
He is no "fly by night figure but an immensely wealthy man" who was not running any sort of Ponzi
Vijay Mallya Was Not Running a Ponzi Scam, His Lawyers Tell UK Court
indiacom
2020-02-11T22:32:34+00:00
2020-02-11T22:34:13+00:00
Vijay Mallya
India.com
UK High Court to Hear Vijay Mallya's Appeal Against Extradition to India on Tuesday
PTI | February 10, 2020 9:26 PM IST
The 64-year-old former Kingfisher Airlines boss had sought permission to appeal from the High Court
UK High Court to Hear Vijay Mallya's Appeal Against Extradition to India on Tuesday
indiacom
2020-02-10T10:26:00+00:00
2020-02-10T10:26:00+00:00
Vijay Mallya
India.com
Vijay Mallya's 17-Bedroom Island-Mansion Getting Ruined: Bank Tells UK Court
India.com News Desk | January 17, 2020 10:14 AM IST
The lawyer representing the bank said that the interior of the mansion, which is listed for sale,
Vijay Mallya's 17-Bedroom Island-Mansion Getting Ruined: Bank Tells UK Court
indiacom
2020-01-16T23:14:37+00:00
2020-01-16T23:16:28+00:00
Vijay Mallya
India.com
Mumbai Court Allows Banks to Utilise Vijay Mallya's Movable Assets to Recover Debt
India.com Business Desk | January 1, 2020 11:06 PM IST
The development comes after the consortium filed an application in the special court seeking the
Mumbai Court Allows Banks to Utilise Vijay Mallya's Movable Assets to Recover Debt
indiacom
2020-01-01T12:06:26+00:00
2020-01-01T12:06:26+00:00
Vijay Mallya
India.com
IDBI Bank Issues Public Notice on Vijay Mallya as 'Wilful Defaulter'
IANS | November 6, 2019 4:29 PM IST
IDBI Bank NPA Management Group in Mumbai issued a public notice on Vijay Mallya for default
IDBI Bank Issues Public Notice on Vijay Mallya as 'Wilful Defaulter'
indiacom
2019-11-06T05:29:10+00:00
2019-11-06T05:29:10+00:00
Vijay Mallya
India.com

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