Vijay Mallya

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Vijay Mallya
Vijaymallya.jpg
Member of the Rajya Sabha[1]
In office
2002–2008, 2010 – present
Constituency Karnataka
Personal details
Born (1955-12-18) 18 December 1955 (age 58)
Bantwal, Karnataka, India
Political party Independent
Alma mater St. Xavier's College, Kolkata[2]
Occupation Chairman of:
United Breweries Group,
Kingfisher Airlines (Defunct),

Team Principal of:
Force India F1

Signature
As of 4 May 2011
Source: Government of India

Vijay Mallya (born on 18 December 1955[1] in Bantwal, Dakshina Kannada, Karnataka) is an Indian industrialist and a second-time member of India's parliament. He is the chairman of the UB Group – an Indian conglomerate, with diverse interests in brewing, distilling, pharmaceuticals, real estate, engineering, fertilizers, biotechnology and information technology.

He is the son of industrialist Vittal Mallya.[1] He took over as the chairman of the company at the age of 28 after his father's sudden demise in 1983.[3]

Mallya attended La Martiniere for Boys school in Kolkata (West Bengal), where he was appointed House Captain (Hastings house) in his final year. He went up to St. Xavier's College, Kolkata,[1] from which he graduated with a Bachelors of Commerce degree. While in college, Mallya was interning in his family businesses. After he graduated, he interned at the American part of Hoechst in the United States.[4][not in citation given]

Personal life[edit]

Mallya was born in a Goud Saraswat Brahmin family to industrialist Vittal Mallya[5] in Bantwal.[6]

Businesses[edit]

UB group[edit]

At the time of his father's death, Mallya was unanimously elected the Chairman of United Breweries. As part of his modernisation bid, he consolidated the various companies under one umbrella group called the "UB Group", spun off non-core and loss-making businesses and focused on the core business of beverage alcohol.[7] Kingfisher beer controls more than 50 per cent market share of India's beer market.[7][8] The beer is available in 52 countries outside India and leads the way among Indian beers in the international market.[7] United Spirits Ltd., the flagship of the UB Group, has achieved the historic milestone of selling 145 million cases,[7] becoming the largest spirits company in the world by volume.[9]

Sahara Force India F1 Team[edit]

IPL Team : Royal Challengers Bangalore[edit]

I-League Team : East Bengal and Mohun Bagan A.C.[edit]

Politics[edit]

Mallya was elected to the Rajya Sabha – Upper House of India's Federal parliament in both 2002 and 2010 as an independent candidate from his home state of Karnataka.[1][4][10]

Auction purchases[edit]

Mallya has bought some items at auctions that have substantial value in the history of India. In 2004, he bought the sword of Tipu Sultan at an auction in London, and brought it back to India.[11] In March 2009, Mallya bought five personal belongings of Mahatma Gandhi (his iconic eyeglasses, a pocket watch, leather sandals he had made by hand, and a plate and bowl from which he had eaten his last meal) for US$1.8 million in a New York auction that had caused an uproar in India; the government of India had tried and failed to prevent the sale.[12]

Awards[edit]

Mallya has received several professional awards both in India and overseas.[citation needed] He was conferred an honorary degree of Doctorate of Philosophy in Business Administration, by the Southern California University for Professional Studies of Santa Ana, California (a correspondence school since renamed to California Southern University, and not to be confused with the University of Southern California or the University of California, Irvine) in 1997.[13] In 2010 he was awarded the Entrepreneur of the Year award at The Asian Awards.[14]

He has also been a "Global Leader for Tomorrow" by the World Economic Forum.[15]

Criticism[edit]

On 12 September 2012, an editorial in First-Post India strongly questioned Mallaya's business judgment – suggesting that he might be India's worst businessman.[16]

Legal issue[edit]

On 12 October 2012, a non-bailable arrest warrant was issued by the 13th metropolitan sessions court, Hyderabad, against Vijay Mallya, and four other directors of Kingfisher Airlines in relation to a cheque bouncing for a payment to GMR Group.[17][18]

References[edit]

  1. ^ a b c d e "Detailed Profile: Dr. Vijay Mallya". Government of India. Retrieved 11 May 2012. [dead link]
  2. ^ St. Xavier's College. Sxccal.edu. Retrieved on 17 May 2012.
  3. ^ "Genesis Dr. Vijay Mallya Chairman". UB Group. Retrieved 11 May 2012. 
  4. ^ a b Vijay Mallya Rajya Sabha MP. Mallyainparliament.in (18 December 1955). Retrieved on 17 May 2012.
  5. ^ http://www.rediff.com/money/2005/apr/08mallya.htm
  6. ^ http://www.evancarmichael.com/Famous-Entrepreneurs/6083/The-King-of-Good-Times-The-Early-Years-of-Vijay-Mallya.html
  7. ^ a b c d "Accounting Policy". Retrieved 11 May 2012. 
  8. ^ Whisky – Antiquity, Bagpiper, and Mc Dowell's No 1, Royal Challenges, Signature. Unitedspirits.in. Retrieved on 17 May 2012.
  9. ^ United Spirits Limited (USL) – Who We Are | About Us. Unitedspirits.in (31 March 2011). Retrieved on 17 May 2012.
  10. ^ Rajya Sabha Polls 2010 | Karnataka Results | Vijay Mallya Wins | Independent. News.oneindia.in (17 June 2010). Retrieved on 17 May 2012.
  11. ^ Habib Beary Tipu's sword back in Indian hands. BBC (7 April 2004)
  12. ^ South Asia | India 'helped win Gandhi auction'. BBC News (6 March 2009). Retrieved on 17 May 2012.
  13. ^ Abhay Singh and Subramaniam Sharma, India Billionaire Mallya Isn't Showing Shareholders Everything, Bloomberg, 20 February 2008.
  14. ^ The Asian Awards winners list
  15. ^ Detailed Profile: Dr. Vijay Mallya
  16. ^ "Worst Business Man". 
  17. ^ "Non-bailable arrest warrant issued against Vijay Mallya". The Hindu (Chennai, India). 12 October 2012. 
  18. ^ http://ibnlive.in.com/news/cheques-bounce-case-warrant-against-kingfisher-vijay-mallya-on-gmrs-complaint/300085-7.html

External links[edit]