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Vijay Mallya

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Vijay Mallya
ವಿಜಯ್ ಮಲ್ಯ
Member of the Rajya Sabha
In office
2000 - 2006, 2010 - present
ConstituencyKarnataka
Personal details
Born (1955-12-18) 18 December 1955 (age 68)
Bantwal, Karnataka, India
Political partyIndependent
SpouseSameera (divorced)
ChildrenSiddharth Mallya (Son)
Leana Mallya (daughter)
Tanya Mallya (daughter)
Laila Mallya (step-daughter)
Alma materLa Martiniere for Boys School, Calcutta
St. Xavier's College, Calcutta[1]
OccupationChairman of:
United Breweries Group,
Kingfisher Airlines,
Force India F1 Team,
Royal Challengers Bangalore,
East Bengal FC,[2]
URBB
Signature
Source: http://rajyasabha.nic.in

Vijay Mallya (Kannada: ವಿಜಯ್ ಮಲ್ಯ; born 18 December 1955) is an Indian liquor baron and Rajya Sabha MP. The son of industrialist Vittal Mallya, he is the Chairman of the United Breweries Group and Kingfisher Airlines, which draws its name from United Breweries Group's flagship beer brand, Kingfisher.

He also owns the Formula One team Force India, the Indian Premier League team Bangalore Royal Challengers, and the I-League team East Bengal FC and Mohun Bagan AC.[4]

According to Forbes.com, as of March 2010, Mallya, is worth US $1 billion.[5] He is ranked 937 in The Forbes World Billionaires Ranking (2010). He receives substantial press coverage that focuses on his lavish parties, villas, automobiles, Force India, Royal Challengers Bangalore and his yacht, the Indian Empress.

Personal life

Mallya was born into a Konkani & Bengali, family which originally from the town of Bantwal, near Mangalore, in Karnataka and belongs to the Goud Sarswat Brahmin caste. He is the son of Vittal Mallya and Lalitha Ramaiah. He was educated at La Martiniere for Boys School, Calcutta[6] and completed his degree at St. Xavier's College, Calcutta. He later set up business ventures in Dubai, United Arab Emirates. Mallya is married twice. His first wife was Sameera and they have a son together, named Sidhartha Mallya. Sidhartha was educated at Wellington College in Crowthorne followed by Queen Mary's College in the University of London. Later on, he married jaya and has two daughters Laila and Tanya Mallya and one son.

Business

Breweries

Mallya took over as Chairman of United Breweries Group in 1984 from his father Vittal Mallya. Since then, the group has grown into a multi-national conglomerate of over sixty companies, with an annual turnover which increased by 63.9% over 15 years to US$11.2 billion in 1998-1999 . The focal business areas of the group encompass alcoholic beverages, life sciences, engineering, agriculture, chemicals, information technology, aviation and leisure.

In May 2007, United Breweries Group announced the all-cash acquisition of scotch whisky maker Whyte & Mackay for £595 million (approximately Rs 6000 crore).[7] In 2005 he took over Millennium Breweries Ltd (formerly known as Inertia Industries Ltd), which owned the two premium beer brands named Sandpiper and Zingaro.

Airlines

In 2006, Mallya established Kingfisher Airlines.[8] At present, the airline connects 32 cities. Kingfisher Airlines obtained a 26% stake in Air Deccan, a low cost Indian airline which Mallya later acquired fully and rebranded as Kingfishers Red. Vijay Mallya and his Jet Airways counterpart Naresh Goyal announced an alliance after a marathon meeting on 13 October 2008 at Mumbai, India.

Media

Mallya owns the MarinScope Newspapers which serve Marin County, California where he maintains a home and stores a portion of his car collection.[9]

Investment in sports

Formula One

Main article: Force India
Vitantonio Liuzzi driving for Mallya's Formula One team, Force India, at the 2009 Japanese Grand Prix.

In 2007, Mallya and the Mol family from The Netherlands bought the Spyker F1 team for 88 million euros.[10] The team changed its name to Force India F1 from the 2008 Season.[11] Team's car VJM-01 was named after its owners Vijay Mallya, Jan Mol and Michiel Mol.

Mallya also represents India in the FIA World Motor Sport Council, where he has a seat from 2009 to 2013.[12]

Football

Mallya's United Breweries sponsors the East Bengal and Mohun Bagan football clubs in Kolkata where Mallya spent his childhood.[13]

He also was part of the consortium that acquired Queens Park Rangers FC; the consortium also included Bernie Ecclestone, Flavio Briatore and Lakshmi Mittal.[14]

Vijay Mallya has recently indicated his intention to buy AS Bari, a football team which plays in the Italian Serie A.

Cricket

Vijay Mallya is the owner of Royal Challengers IPL team through his flagship firm UB Group. Mallya wanted to associate one of his top-selling liquor brands, either No. 1 McDowell's or Royal Challenge with the team.[8] The latter was chosen, hence the name. The jersey colours of the team are red and golden yellow, the same as the Karnataka state flag,[9] and the logo consists of the RC emblem with "Royal Challengers Bangalore" in standard format.

Political career

Mallya entered politics in 2000 and replaced Subramanian Swamy as the president of the Janata Party, . His party contested almost all of the 224 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. Following the party's failure in the elections, it has been largely ignored by the media,[15] although Mallya recently became an MP independently.

Auction purchases

Vijay Mallya is noted for his successful bidding in auction of items that are considered of great historical value to India.[citation needed] In 2004, he placed the winning bid of £175,000 for the sword of Tipu Sultan at an auction in London, and brought it back to India.[16] In March 2009, Mallya successfully bid for the belongings of Mahatma Gandhi at US$1.8 million, in a New York auction that initially caused an uproar in India and its government tried and failed to prevent it from going under the hammer.[17][18][19]

Other businesses

References

  1. ^ St. Xavier's College, Kolkata
  2. ^ East Bengal Football Club - Corporate Face
  3. ^ Forbes http://www.forbes.com/profile/Vijay-Mallya. {{cite news}}: Missing or empty |title= (help)
  4. ^ "#60 Vijay Mallya". Forbes. 18 November 2009.
  5. ^ Vijay Mallya, India's Billionaires, Forbes.com accessed March 2010
  6. ^ 'Vijay Mallya: The spirit shall prevail'. The Times of India online edition, 22 April 2002.
  7. ^ BBC News: Whisky giant sold to billionaire
  8. ^ "#937 Vijay Mallya". Forbes. 10 March 2010.
  9. ^ Vijay Mallya's Car Collection
  10. ^ Rediscover Formula One | Vijay Mallya bids for Formula One Team Spyker
  11. ^ Rediscover Formula One | Spyker is now officially FORCE INDIA formula one team
  12. ^ "FIA Elects World Council Members". fia.com. Fédération Internationale de l'Automobile. 2009-10-23. Retrieved 2009-10-23.
  13. ^ "Mallya sore with Bagan brawls". Financial Express. 2004-10-03. Retrieved 2008-02-21.
  14. ^ "Indian Formula One high roller joins Ecclestone and Briatore's party at Queens Park Rangers". Daily Mail. {{cite news}}: |access-date= requires |url= (help)
  15. ^ "Interview with vijay mallya - 1". Mumbaimirror. Retrieved 2010-02-09.
  16. ^ Habib Beary, "Tipu's sword back in Indian hands", BBC News, April 7, 2004.
  17. ^ India 'helped win Gandhi auction', BBC News, 5 March 2009
  18. ^ Gandhi items 'to return to India', BBC News, 5 March 2009
  19. ^ Buyer will return Gandhi's personal items to India, Rama Lakshmi, The Sydney Morning Herald, 5 March 2009

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