Home > Topics > Vijay Mallya

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 Mallya is said to be in London and his passport has been revoked by the Indian Government.Born on 18 December 1955, in a Goud Saraswat Brahmin family in Karnataka, Vijay Mallya was born to Vittal Mallya and Lalitha Mallya.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's 10-Year-Old Tweet on Nita Ambani Goes Viral as RCB's Playoff Qualification Fortunes Depend on MI vs DC
India.com Sports Desk | May 21, 2022 2:14 PM IST
IPL 2022: Mallya tweeted this just after the auction that year, where he congratulated MI owner
Vijay Mallya's 10-Year-Old Tweet on Nita Ambani Goes Viral as RCB's Playoff Qualification Fortunes Depend on
indiacom
2022-05-21T03:14:24+00:00
2022-05-21T03:18:24+00:00
Vijay Mallya
India.com
United Kingdom Has Ordered Extradition of Vijay Mallya And Nirav Modi: Boris Johnson
India.com News Desk | April 22, 2022 8:59 PM IST
"On the two individuals that you mentioned, the extradition case, there are legal technicalities
United Kingdom Has Ordered Extradition of Vijay Mallya And Nirav Modi: Boris Johnson
indiacom
2022-04-22T09:59:41+00:00
2022-04-22T09:59:41+00:00
Vijay Mallya
India.com
₹18,000 Crore Returned To Banks From Vijay Mallya, Nirav Modi, Mehul Choksi: Centre Tells SC
India.com News Desk | February 23, 2022 6:05 PM IST
Notably, the bench was hearing a clutch of petitions, challenging the wide scope of powers
₹18,000 Crore Returned To Banks From Vijay Mallya, Nirav Modi, Mehul Choksi: Centre Tells SC
indiacom
2022-02-23T07:05:07+00:00
2022-02-23T07:06:44+00:00
Vijay Mallya
India.com
Vijay Mallya Faces Eviction From Luxury Home In London Over Unpaid Dues
India.com News Desk | January 19, 2022 9:00 AM IST
Fugitive business tycoon Vijay Mallya is facing the prospect of eviction from his home in London
Vijay Mallya Faces Eviction From Luxury Home In London Over Unpaid Dues
indiacom
2022-01-18T22:00:51+00:00
2022-01-18T22:26:14+00:00
Vijay Mallya
India.com
Banks Recover Rs 13,100 Crore From Assets Sale of Defaulters Like Vijay Mallya, Nirav Modi, Mehul Choksi: FM Sitharaman
PTI | December 20, 2021 8:58 PM IST
Responding to various issues, including price rise, raised by the Opposition during the debate, she
Banks Recover Rs 13,100 Crore From Assets Sale of Defaulters Like Vijay Mallya, Nirav Modi, Mehul Choksi: FM
indiacom
2021-12-20T09:58:45+00:00
2021-12-20T09:58:45+00:00
Vijay Mallya
India.com
Vijay Mallya To Be Extradited Soon, Formalities in Final Stages
India.com News Desk | November 30, 2021 3:09 PM IST
"We cannot wait for his extradition to India any longer", the court said and posted the matter for
Vijay Mallya To Be Extradited Soon, Formalities in Final Stages
indiacom
2021-11-30T04:09:56+00:00
2021-11-30T04:23:19+00:00
Vijay Mallya
India.com
Fugitive Tycoon Vijay Mallya Declared Bankrupt by UK Court
India.com News Desk | July 26, 2021 9:48 PM IST
A UK court on Monday declared fugitive businessman Vijay Mallya as bankrupt, with a consortium of
Fugitive Tycoon Vijay Mallya Declared Bankrupt by UK Court
indiacom
2021-07-26T10:48:27+00:00
2021-07-26T13:23:27+00:00
Vijay Mallya
India.com
UK High Court Rejects Nirav Modi’s Plea to Appeal Against Extradition to India
India.com News Desk | June 23, 2021 5:23 PM IST
Fugitive diamond merchant, Nirav Modi, accused of defrauding Punjab National Bank (PNB) of around
UK High Court Rejects Nirav Modi’s Plea to Appeal Against Extradition to India
indiacom
2021-06-23T06:23:53+00:00
2021-06-23T07:39:01+00:00
Vijay Mallya
India.com
ED Transfers Vijay Mallya, Nirav Modi, Mehul Choksi's Seized Assets Worth Over Rs 9,000 Crore To Banks
India.com News Desk | June 23, 2021 12:58 PM IST
Vijay Mallya, Nirav Modi, and Mehul Choksi had allegedly defrauded various PSBs by siphoning off
ED Transfers Vijay Mallya, Nirav Modi, Mehul Choksi's Seized Assets Worth Over Rs 9,000 Crore To Banks
indiacom
2021-06-23T01:58:15+00:00
2021-06-23T02:00:01+00:00
Vijay Mallya
India.com
Vijay Mallya Loses Bankruptcy Petition Amendment High Court Battle in UK. Here's What it Means
PTI | May 18, 2021 9:41 PM IST
Mallya remains on bail in the UK while a confidential legal matter, believed to be related to an
Vijay Mallya Loses Bankruptcy Petition Amendment High Court Battle in UK. Here's What it Means
indiacom
2021-05-18T10:41:45+00:00
2021-05-18T11:22:51+00:00
Vijay Mallya
India.com
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