Vijay Vittal Mallya is one of India’s most controversial business tycoon and former politician, “The King of Good Times”. He is the current Chairman of United Breweries Group (known as UB Group), best known as the former Chairman of United Spirits Limited (India’s largest spirits company). In 2002 he was a member of Rajya Sabha. He has always been the main focus of the media due to his lavish lifestyle, high-profile parties, business ventures, beautiful girls and later when he was charged as a “willful defaulter” under Indian law . , Let’s learn some interesting facts about this “former king of good times”.
Contents
Biography/Wiki
Mallya was born on 18 December 1955 (age 67 years; as in 2022) in Kolkata, West Bengal, India. Mallya was educated at La Martiniere Calcutta, Kolkata, West Bengal and graduated in commerce from St. Xavier’s College, Kolkata, West Bengal in 1976. After the death of his father, Vijay Mallya became the chairman of United Breweries Group. He has served as the Chairman of companies like Sanofi (Multinational Pharmaceutical Company), Bayer CropScience (German Pharmaceutical Company) among many others for more than 20 years.
Family, wives and caste
Vijay was born in a Konkani Brahmin Hindu family in Karnataka. His father was a distinguished Indian entrepreneur of his time, known as Vittal Mallya, he was the chairman and first Indian director of United Breweries Group (UB Group). Vitthal Mallya married thrice in his lifetime and Vijay Mallya was the son of his first wife Lalita Mallya.
Vijay Mallya with his father Vitthal Mallya
Vijay Mallya with his mother Lalita Mallya
Vijay Mallya with his stepmother Ritu Mallya
Vijay Mallya married former Air India air-hostess Sameera Tyabji in 1986 and the couple have a son, Siddharth Mallya. However, the couple got divorced within a year of marriage. Later, in 1993, Mallya married his childhood sweetheart Rekha, who was divorced and already had a daughter, Leela, and a son, Kabir, from her previous marriage. Mallya had also adopted Rekha’s daughter Leela. Vijay Mallya and Rekha have two daughters, Leena and Tanya. Presently Vijay Mallya is dating former Kingfisher Airlines air hostess Pinky Lalwani.
Vijay Mallya’s wives – Sameera Tyabji (left), Rekha Mallya (centre), Pinky Lalwani (right)
Vijay Mallya with his first wife Sameera Tyabji and son Siddharth Mallya.
Vijay Mallya with his girlfriend Pinky Lalwani (in saree)
livelihood
Vijay Mallya interned in his family business during his college days and later at Hoechst AG in the United States. At the age of 28, Mallya lost his father Vittal Mallya to a heart attack. Following his father’s death in 1983, he became the chairman of United Breweries Group in 1983. As chairman of United Breweries Group, he focused on the alcohol business, which was considered far more profitable than the main businesses involved. , The group grew into a multi-national conglomerate with about 60 companies, which they centralized into a conglomerate named UB Group. United Group, which was the flagship of UB Group, became India’s largest spirits company. Mallya launches ‘Kingfisher Beer’ which has around 50% market share in India. It is the most consumed beer in India and is also available in 52 other countries.
Vijay Mallya in his younger days
In 2005, when the Indian domestic-airlines market was at its least favourable, Mallya launched Kingfisher Airlines with world-class facilities and the airline became an instant hit. Later, Kingfisher Airlines started international flights; Which became a huge downfall for the company. The company started incurring huge losses and accumulated huge debts. The airline shut down in October 2013 and also failed to pay salaries to its employees.
Vijay Mallya in his Kingfisher Airlines
Mallya joined All India Janata Dal in 2000. In 2003, he joined the Subramanian Swamy-led Janata Party. In 2002, with the support of the Congress Party and the Janata Dal, Mallya contested the elections from Karnataka as an independent candidate. He won and was elected to the Rajya Sabha. He held the post of National Working President of the Janata Dal from 2003–2010, but in 2010 he switched sides and received the support of the ‘Bharatiya Janata Party’ (BJP), which he emerged victorious from and was elected to the Rajya Sabha. second term. Eventually, Mallya resigned from his position as Rajya Sabha MP following allegations of fraudulent transactions and money laundering leveled against him.
award
- Mallya was awarded an honorary “Doctorate of Philosophy” in Business Administration by the University of Southern California for Business Studies in 1997.
- He was awarded the Legion of Honor, France’s highest civilian award.
- He was also awarded the title of “Global Leader for Tomorrow” by the World Economic Forum.
- In 2010, Mallya was awarded the “Entrepreneur of the Year” award at the Asian Awards.
controversies
- Vijay Mallya suffered huge losses after the airline started its international operations, which increased from ₹188 crore in 2007–2008 to ₹1,608 crore in the next financial year for his Kingfisher Airlines, which was once the second largest airline in India. was considered. He even failed to pay salaries to airline employees for almost 15 months. As a result, the company’s debt increased to ₹5,665 crore by the end of 2009.
- Despite having huge debts, Vijay Mallya committed fraud and took loans from various banks. One of the banks wooed by Mallya was IDBI Bank which gave an investment of Rs 950 crore to his company. In 2014, he was declared a “willful defaulter” under Indian law, due to non-payment of loans taken from various banks. Around 17 banks accused him of not repaying loans worth around Rs 9000 crore.
Vijay Mallya is in London court after getting bail in extradition case.
- In March 2016, SBI led an association and moved the Debt Recovery Tribunal (DRT) to cancel Mallya’s passport and bar him from leaving India. However, Mallya had fled to London a day before the SBI was to approach the DRT, to avoid arrest in the financial charges leveled against him.
- Mallya was also arrested at Scotland Yard on an extradition warrant, but, he was granted bail and released on a bond of Rs. 6,50,000.
- On 20 April 2020, he lost his appeal in the London High Court against his extradition case to India. Mallya in India is about Rs. Is wanted on charges of fraud and money laundering. 9,000 crores.
- On 11 July 2022, he received a four-month jail sentence by the top court in India in a 2017 contempt of court case; The court also imposed a fine of Rs. 2,000.
- In March 2023, CBI officials alleged in the charge sheet filed against Mallya that between 2008 and 2017, he had enough money to repay the loans of Kingfisher Airlines Limited (KAL) to banks and had transferred Rs 330 crore across Europe. Personal property”, which also includes Mallya. England and France, and transferred wealth to Swiss trusts for his children.
net worth/assets
In 2014, Mallya’s net worth was estimated at Rs 615 crore.
https://www.youtube.com/watch?v=H5pgGgg733s
house/property
- Mallya owns a Kingfisher Villa worth Rs 75 crore in Goa.
- He has a lavish home worth $1.2 million in Sausalito, California.
- “Le Grand Jardin” on the island of Sainte-Marguerite (about half a mile from the French Riviera city of Cannes).
- He is the owner of Kunigal Stud Farm, Kunigal, Karnataka.
- Vijay owns a penthouse worth $2.4 million in Trump Plaza, New York, USA.
- He owns the $8.4 million Clifton Estate in Cape Town, South Africa.
- He owns a 99.5% stake in the 25,000-acre game reserve named ‘Mabula Game Lodge’ near Johannesburg, South Africa.
- He owns a “country home” in Hertfordshire, England.
- He owns Keillor Castle, Perthshire, Scotland.
- He has a sea-facing bungalow on Nepean Sea Road in South Mumbai.
- He has a house on the luxurious Sardar Patel Marg in New Delhi.
Car and Jet Collection
- Mallya owns a Ferrari 1965 California Spider, Ensign MN08, Jaguar
- They have Boeing 727, Airbus A319 ACJ, Gulfstream III and Hawker HS125.
Favorite
- Mallya’s favorite color is red.
- His favorite car is Bentley.
- He likes Indian cuisine and he likes Ken Rava, Kori Gasi, Appam, Sannas, Mishti Doi and Crabs.
- His wine of choice is Ferrari Carano.
- Mallya’s most favorite fashion brands are Armani, Valentino, Manoviraj Khosla and Roberto Cavalli.
fact
- Mallya is a very religious person. No matter what, he makes sure to go on Sabarimala pilgrimage every year. The embattled businessman also visited the Tirupati temple whenever a new Kingfisher aircraft was commissioned. Mallya has made it a habit to leave at an auspicious time for any important meeting or event.
- Mallya also has a wonderful collection of boats. He owns one of the largest yachts in the world, “Indian Empress”. It includes a steam room, massage facilities, a cinema hall and a gymnasium.
indian empress yacht
- In 2004, due to his fascination for unique things, Mallya purchased one of the world’s unique artefacts, the Sword of Tipu Sultan, at an auction in London for approximately £175,000. Additionally, he purchased Mahatma Gandhi’s belongings at a New York auction for a value of approximately US$1.8 million.
Vijay Mallya with Tipu Sultan sword
- His hobbies include watching F1 car races, horse breeding, listening to vintage music.
- Mallya is a proficient speaker of Hindi, Gujarati, Kannada, Bengali, Konkani, English and French.
- Mallya’s love for jewelery is another important aspect of his life and he is usually seen wearing a huge diamond studded bracelet, his grandmother’s ear solitaire and an emerald pendant of Lord Venkateswara with the initials “VJM” .
- Vijay’s appreciation for sports makes him the owner of two football clubs of the Indian Football League named “East Bengal FC” and “Mohun Bagan AC”. He has a major stake in Royal Challengers Bangalore (RCB). Apart from these, he is the co-owner of the Formula One team “Sahara Force India”.
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Categories: Biography
Source: vcmp.edu.vn