Saturday, December 11, 2010

Vijay Mallya


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Vijay Mallya
ವಿಜಯ್ ಮಲ್ಯ
Born 18 December 1955 (1955-12-18) (age 54)
Bantwal, Karnataka, India
Alma mater St. Xavier's College, Calcutta[2]
Occupation Chairman of:
United Breweries Group,
Kingfisher Airlines,
Force India F1 Team,
Royal Challengers Bangalore,
East Bengal FC,[1]
URBB
Net worth increase$1 billion (2010)[2]
Religion Hinduism
Spouse Samira
Rekha (1993–present)[3]
Children 3[3]
Vijay Mallya

Member of the Rajya Sabha
In office
2000 - 2006, 2010 - present
Constituency Karnataka

Political party Independent
As of 15 July 2010
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[3]
According to Forbes.com, as of March 2010, Mallya, is worth US $1 billion.[4] He receives substantial press coverage that focuses on his lavish parties, villas, automobiles, Force India, Royal Challengers Bangalore and his yacht, the Indian Empress.

[edit] Personal life

Mallya was born into a Konkani Gaud Saraswat Brahmin family originally from the town of Bantwal, near Mangalore, in Karnataka. He is the son of Vittal Mallya and Lalitha Ramaiah. He was educated at La Martiniere College for Boys, Kolkata,[5] and completed his degree at St. Xavier's College, Calcutta, under Calcutta University. He was awarded an honorary Doctorate in Business Administration by the California Southern University.[6] However, recent press reports doubt the validity of that statement[citation needed] saying that a university by that name could not be located and another university called South California University of Santa Ana did not have his name in their honorary degree awardees list.
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.[7]
He also has two step children, Kabir Mahmood & Laila Mahmood, from his second wife Rekha Mallya's earlier marriage to Shahid Mahmood.

[edit] Business

[edit] 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).[8] 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.

[edit] 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 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.

[edit] 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]

[edit] Investment in sports

[edit] Formula One

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]

[edit] 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, as part of the Bernie Ecclestone, Flavio Briatore and Lakshmi Mittal.[14]
Vijay Mallya has recently indicated its intention to buy AS Bari, a football team which plays in the Italian Serie A.

[edit] Cricket

Mallya's flagship firm UB Group owns the Royal Challengers Bangalore team in the Indian Premier League. He won the team in an auction paying US $111.6 million for it.

[edit] 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.

[edit] 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]

[edit] Other businesses

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