Vijay mallya

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Transcript of Vijay mallya

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Born 18 December 1955 form Kolkata University

Occupation Chairman of :United Breweries Group, Kingfisher Airlines, Force India F1 Team, Royal Challengers Bangalore &East Bengal FC

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Personal life Mallya born in a Konkani Gaud

Saraswat Brahmin family originally from the town of Bantwal in Karnataka.

Mallya is the son of Vittal Mallya and Lalitha Ramaiah.

He was awarded an honorary Doctorate in Business Administration by the California Southern University.

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Career Mallya worked for the American

Hoechst Corporation (now Sanofi-Aventis) in the US and with Jenson & Nicholson in the UK. Since 1980,

He assisted his father, the then Chairman of The UB Group, in managing the important Brewing and Spirits Divisions and in re-launching the Kingfisher Brand of Beer. Mallya, was elected by shareholders as Chairman of UB in 1983, at the age of 28.

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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.

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In May 2007, United Breweries Group announced the all-cash acquisition of scotch whisky maker Whyte & Mackay for £595 million (approximately Rs 6000 crore).[6] 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.[

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KINGFISHER Airlines In 2006, Mallya established

Kingfisher Airlines.[7] 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.

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Media Mallya owns the MarinScope

Newspapers which serve Marin County, California where he maintains a home and stores a portion of his car collection.

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Cricket

Vijay Mallya is the owner of Royal Challengers IPL team through his flagship firm UB Group

Bangalore Royal Challengers Team of the IPL. Mallya paid Rs 464.3 crore for the team.his flagship firm UB G

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.

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Football

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

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

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

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Force India Formula One Team

Mallya is the first Indian ever to become the owner of a Formula One Team.

In 2007, Mallya and the Mol family from The Netherlands bought the Spyker F1 team for 88 million euros. The team changed its name to Force India F1 from the 2008 Season. Team’s car VJM-01 was named after its owners Vijay Mallya, Jan Mol and Michiel Mol. Mallya also serves as the Chairman of the Federation of Motor Sports Clubs of India, the Government of India, recognized National sporting body as well as the Motor Sports Association of India, the current FIA ASN for India.

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Political career Mallya entered politics in 2000 as a

member of the Janata Party. His party contested almost all of the 224 seats during the Karnataka State legislative election.[citation needed] 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, although Mallya recently became an MP independently.

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Auction purchases Vijay Mallya is noted for his successful

bidding in auction of items that are considered of great historical value to India. 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. 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.

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Other businesses

Establishment of Mallya Hospital in Bangalore. The hospital is located on Vittal Mallya Road, named after his father.

Helped to fund the Mallya Aditi International School, a private school in Bangalore.

His F1 team Force India, in association with MTV India produced a reality show, MTV Force India The Fast and The Gorgeous in 2009. The show is about 20 gorgeous girls competing to be the face of Force India F1 in the 2009 season. The winners of The Fast and the Gorgeous were supposed to get to travel the world with the team, host the after-parties and appear in the F1 calendar.