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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 Mallya is said to be in London and his passport has been revoked by the Indian Government.Born on 18 December 1955, in a Goud Saraswat Brahmin family in Karnataka, Vijay Mallya was born to Vittal Mallya and Lalitha Mallya.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.

'Request the Bank With Folded Hands': Here's What Fugitive Vijay Mallya Says
India.com News Desk | February 14, 2020 6:37 AM IST
New Delhi: Terming the actions of the Central Bureau of Investigation and the Enforcement Directorat...
'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
New Delhi: Appealing against the UK court verdict ordering Vijay Mallya's extradition to India, Vija...
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
Liquor baron Vijay Mallya is expected to return to court on Tuesday as the UK High Court begins hear...
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
New Delhi: A unit of Qatar National Bank has informed a London high court that Vijay Mallya's island...
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
New Delhi: A year after former liquor baron Vijay Mallya was declared as India's fugitive economic o...
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
New Delhi: IDBI Bank has declared Vijay Mallya a wilful defaulter and issued a public notice on Wedn...
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
'Govt Agencies, Banks Can Drive Anyone to Despair,' Says Mallya as he Grieves Over CCD Founder’s Death
India.com News Desk | July 31, 2019 9:48 AM IST
New Delhi: Fugitive liquor tycoon Vijay Mallya, among other well-known figures, expressed his grief ...
'Govt Agencies, Banks Can Drive Anyone to Despair,' Says Mallya as he Grieves Over CCD Founder’s Death
indiacom
2019-07-30T22:48:32+00:00
2019-07-30T22:48:32+00:00
Vijay Mallya
India.com
ED Unearths New Shell Firms Linked to Vijay Mallya; Raids His Close Aide
PTI | July 29, 2019 8:14 PM IST
The Enforcement Directorate has unearthed an alleged nexus of slush funds being transferred to fugit...
ED Unearths New Shell Firms Linked to Vijay Mallya; Raids His Close Aide
indiacom
2019-07-29T09:14:48+00:00
2019-07-29T09:14:48+00:00
Vijay Mallya
India.com
Supreme Court Adjourns to Aug 2 Vijay Mallya's Petition on Confiscation of Properties
India.com Business Desk | July 29, 2019 12:23 PM IST
New Delhi: The Supreme Court on Monday adjourned the petition of fugitive economic offender Vijay Ma...
Supreme Court Adjourns to Aug 2 Vijay Mallya's Petition on Confiscation of Properties
indiacom
2019-07-29T01:23:16+00:00
2019-07-29T01:23:16+00:00
Vijay Mallya
India.com
Indian Banks Win Legal Claim in UK Court to Disclose Vijay Mallya's Assets
India.com Business Desk | July 23, 2019 7:25 AM IST
London: A consortium of PSU banks led by State Bank of India (SBI) have won their latest legal claim...
Indian Banks Win Legal Claim in UK Court to Disclose Vijay Mallya's Assets
indiacom
2019-07-22T20:25:09+00:00
2019-07-22T20:25:09+00:00
Vijay Mallya
India.com
Vijay Mallya's Appeal in UK High Court Against Extradition Order Listed For Hearing in Feb 2020
India.com Business Desk | July 18, 2019 5:32 PM IST
London: The hearing in the Extradition case against liquor baron Vijay Mallya's UK High Court plea i...
Vijay Mallya's Appeal in UK High Court Against Extradition Order Listed For Hearing in Feb 2020
indiacom
2019-07-18T06:32:14+00:00
2019-07-18T06:32:14+00:00
Vijay Mallya
India.com
'Ask Your Banks to Take Money I'm Offering, Then Decide Who is CHOR': Vijay Mallya Gives Back to Trolls
India.com News Desk | July 14, 2019 2:31 PM IST
New Delhi: In a Twitter outburst, embattled businessman Vijay Mallya gave a piece of his mind to 'tr...
'Ask Your Banks to Take Money I'm Offering, Then Decide Who is CHOR': Vijay Mallya Gives Back to Trolls
indiacom
2019-07-14T03:31:03+00:00
2019-07-14T03:34:52+00:00
Vijay Mallya
India.com
Bombay HC Dismisses Plea by Vijay Mallya Seeking Stay on Procedure to Confiscate His Property
India.com News Desk | July 11, 2019 1:53 PM IST
New Delhi: Bombay High Court on Thursday dismissed embattled liquor baron Vijay Mallya's plea seekin...
Bombay HC Dismisses Plea by Vijay Mallya Seeking Stay on Procedure to Confiscate His Property
indiacom
2019-07-11T02:53:19+00:00
2019-07-11T02:53:19+00:00
Vijay Mallya
India.com
'Justice Prevails', Tweets Vijay Mallya as UK Court Allows Him to Appeal Against Extradition Order
India.com News Desk | July 2, 2019 8:10 PM IST
New Delhi: Vijay Mallya s permission to appeal against the extradition case has been approved by the...
'Justice Prevails', Tweets Vijay Mallya as UK Court Allows Him to Appeal Against Extradition Order
indiacom
2019-07-02T09:10:05+00:00
2019-07-02T12:02:05+00:00
Vijay Mallya
India.com
UK Court to Hear Vijay Mallya's Second Appeal Against Extradition Today
India.com News Desk | July 2, 2019 12:00 AM IST
New Delhi: The embattled liquor baron Vijay Mallya's extradition case will make its return to the UK...
UK Court to Hear Vijay Mallya's Second Appeal Against Extradition Today
indiacom
2019-07-01T13:00:01+00:00
2019-07-01T13:00:01+00:00
Vijay Mallya
India.com
Vijay Mallya TROLLED as he Arrives at Kennington Oval to Watch India Take on Australia in ICC World Cup 2019 | SEE POSTS
India.com Sports Desk | June 9, 2019 8:28 PM IST
ICC World Cup 2019: Liquor-baron Vijay Mallya faced the heat on Twitter after he turned up at the Ke...
Vijay Mallya TROLLED as he Arrives at Kennington Oval to Watch India Take on Australia in ICC World Cup 2019
indiacom
2019-06-09T09:28:04+00:00
2019-06-09T09:28:04+00:00
Vijay Mallya
India.com
'Here to Watch The Game', Vijay Mallya Reaches Oval to Watch ICC CWC 2019 Ind vs Aus
India.com News Desk | June 9, 2019 4:07 PM IST
New Delhi: Embattled and fugitive business tycoon Vijay Mallya was photographed outside the Oval in ...
'Here to Watch The Game', Vijay Mallya Reaches Oval to Watch ICC CWC 2019 Ind vs Aus
indiacom
2019-06-09T05:07:20+00:00
2019-06-09T05:09:21+00:00
Vijay Mallya
India.com
Bank Fraud Touches Unprecedented Rs 71,500 Crore in 2018-19: RBI
PTI | June 3, 2019 7:25 PM IST
Over 6,800 cases of bank fraud involving an unprecedented Rs 71,500 crore have been reported in 2018...
Bank Fraud Touches Unprecedented Rs 71,500 Crore in 2018-19: RBI
indiacom
2019-06-03T08:25:05+00:00
2019-06-03T08:25:05+00:00
Vijay Mallya
India.com
IPL 2019: Vijay Mallya Reacts on Virat Kohli-Led Royal Challengers Bangalore After Exit | SEE POSTS
India.com Sports Desk | May 6, 2019 4:58 PM IST
IPL 2019: It was Vijay Mallya who had bought a franchise in 2008 and named it Royal Challengers Bang...
IPL 2019: Vijay Mallya Reacts on Virat Kohli-Led Royal Challengers Bangalore After Exit | SEE POSTS
indiacom
2019-05-06T05:58:09+00:00
2019-05-06T06:03:27+00:00
Vijay Mallya
India.com
PM Says Money Recovered, Banks Refute, Whom to Believe: Vijay Mallya Tweets
India.com News Desk | April 18, 2019 11:00 AM IST
New Delhi: Embattled liquor baron Vijay Mallya on Thursday hit out against the Prime Minister once a...
PM Says Money Recovered, Banks Refute, Whom to Believe: Vijay Mallya Tweets
indiacom
2019-04-18T00:00:19+00:00
2019-04-18T00:00:19+00:00
Vijay Mallya
India.com