Vijay Mallya: Difference between revisions
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{{Infobox Person |
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| name = |
| name = vivek ranajn |
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| image = Vijaymallya.jpg |
| image = Vijaymallya.jpg |
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| location = {{flagicon|India}} [[Bangalore]], [[Karnatka]], India |
| location = {{flagicon|India}} [[Bangalore]], [[Karnatka]], India |
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Revision as of 09:48, 13 April 2010
vivek ranajn | |
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| Born | 18 December 1955 |
| Occupation(s) | Chairman of: United Breweries Group, Kingfisher Airlines, Force India F1 Team, Royal Challengers Bangalore, East Bengal FC,[1] URBB |
| Spouse(s) | Samira Rekha (1993–present)[2] |
| Children | 3[3] |
Dr. Vijay Mallya (Kannada/Konkani:ವಿಜಯ್ ಮಲ್ಯ, born 18 December 1955) is an Indian businessman and former 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 FCand Mohun Bagan oldest football club in Asia. [2]
Mallya has an estimated net worth of $1.0 billion.[5] 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 is originally from the town of Bantwal (near Mangalore) in Karnataka. He was educated at La Martiniere Boys' College, Kolkata[6] and completed his degree at St. Xavier's College, Calcutta under Calcutta University. He was awarded a Doctorate in Business Administration by the University of Southern California (USC).
Mallya has been married twice. His first wife was Samira, a former Air India hostess, with whom he has a son, Sidhartha Mallya. He later married Rekha, his neighbor in Bangalore, with whom he has two daughters, Leana and Tanya.[citation needed]
Business
Breweries
Mallya took over as Chairman of United Breweries Group in 1984. 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 2005, Mallya established Kingfisher Airlines. 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 Kingfisher Red. Vijay Mallya and his Jet Airways counterpart Naresh Goyal announced an alliance after a marathon meeting on 13 October 2008 at Mumbai, India.[8]
Investment in sports
Formula One
In 2007, Mallya and the Mol family from The Netherlands bought the Spyker F1 team for 88 million euros.[9] The team changed its name to Force India F1 from the 2008 Season.[10] 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.[11]
Football
Mallya's United Breweries sponsors the East Bengal and Mohun Bagan football clubs in Kolkata.[12]
He also was part of the consortium that acquired Queens Park Rangers FC, as part of the Bernie Ecclestone, Flavio Briatore and Lakshmi Mittal.[13]
Cricket
Mallya's flagship firm UB Group owns the Royal Challengers Bangalore team in the Indian Premier League. He won this team in an auction by paying US$111.6 million for the team. The Royal Challengers Bangalore team includes players like Rahul Dravid, Anil Kumble, Kevin Pietersen, Jacques Kallis, Shivnarine Chanderpaul, Robin Uthappa, Mark Boucher, Sunil Joshi, Ross Taylor, Dale Steyn, Manish Pandey, Cameron White, Praveen Kumar Virat Kohli and Jesse Ryder.
Horse racing
Mallya also owns the company, United Racing and Bloodstock Breeders (URBB) which has interests in horse racing. URBB runs the Kunigal stud farm, under lease from the Government of Karnataka. Mr. Kapoor and Mr. Mallya are the business partners.
Political career
Mallya entered politics in 2000 and replaced Subramanian Swamy as the president of the Janata Party, a breakaway faction of the original Janata Dal 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.[14]
Auction purchases
Vijay Mallya is noted for his successful bidding in auction of items that are considered of great cultural 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.[15] 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.[16][17][18]
Achievements
- Establishment of Mallya Hospital in Bangalore. The hospital is located in Vittal Mallya Road, named after his father.
- Helped to fund the Mallya Aditi International School, a private school in Bangalore.
See also
- Indian Empress - private yacht owned by Vijay Mallya
References
- ^ [1]
- ^ http://timesofindia.indiatimes.com/city/delhi-times/Vijay-Mallya-The-spirit-shall-prevail/articleshow/7498023.cms
- ^ http://timesofindia.indiatimes.com/city/delhi-times/Vijay-Mallya-The-spirit-shall-prevail/articleshow/7498023.cms
- ^ http://www.forbes.com/lists/2010/10/billionaires-2010_Vijay-Mallya_LXGK.html
- ^ Vijay Mallya, India's Billionaires, Forbes.com accessed March 2010
- ^ 'Vijay Mallya: The spirit shall prevail'. The Times of India online edition, 22 April 2002.
- ^ BBC News: Whisky giant sold to billionaire
- ^ Jet Airways press release
- ^ Rediscover Formula One | Vijay Mallya bids for Formula One Team Spyker
- ^ Rediscover Formula One | Spyker is now officially FORCE INDIA formula one team
- ^ "FIA Elects World Council Members". fia.com. Fédération Internationale de l'Automobile. 2009-10-23. Retrieved 2009-10-23.
- ^ "Mallya sore with Bagan brawls". Financial Express. 2004-10-03. Retrieved 2008-02-21.
- ^ "Indian Formula One high roller joins Ecclestone and Briatore's party at Queens Park Rangers". Daily Mail.
{{cite news}}:|access-date=requires|url=(help) - ^ "Interview with vijay mallya - 1". Mumbaimirror. Retrieved 2010-02-09.
- ^ Habib Beary, "Tipu's sword back in Indian hands", BBC News, April 7, 2004.
- ^ India 'helped win Gandhi auction', BBC News, 5 March 2009
- ^ Gandhi items 'to return to India', BBC News, 5 March 2009
- ^ Buyer will return Gandhi's personal items to India, Rama Lakshmi, The Sydney Morning Herald, 5 March 2009
External links
- Indian Empress - Photos of Vijay Mallya's latest megayacht.
- Vijay Mallya: High life - Flight Global's Article on Vijay Mallya
- Vijay Mallya is not your typical brewer - SF Chronicle overview giving a broad picture of him
Ankit Samaria