Vijay Mallya

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Vijay Mallya (2008)

Vijay Mallya ( kannada ವಿಜಯ ಮಲ್ಯ, born December 18, 1955 in Bantwal near Mangalore ) is an Indian entrepreneur, member of the Rajya Sabha , manager and multi-millionaire. According to Forbes magazine, his total assets are approximately $ 750 million (as of October 2013).

Life

Mallya's father Vittal Mallya had set up the branch of the German chemical company Hoechst in India.

Vijay Mallya attended the College La Martiniere Calcutta and the University of Calcutta , which he graduated with a Bachelor of Commerce (BCA). At the age of 18 he got a director's post in his father's company.

Since 1983, he has headed a number of companies including UBICS Inc., USA, Herbertsons Ltd., Mendocino Brewing Co. Inc., Hoechst Marion Roussel Ltd., India, Mangalore Chemicals & Fertilizers, Bayer CropScience Ltd. and above all the United Brewery Group , which he still heads. In 2005 he founded the Indian airline Kingfisher Airlines Ltd. According to Forbes, Mallya's airline Kingfisher will be in debt with two billion dollars as of 2012. At the beginning of October 2012, flight operations were suspended because employees went on strike because of outstanding wages. The flight license was also temporarily suspended. According to media reports, Mallya wants to sell parts of his company United Spirits , India's leading whiskey distiller, to Diageo in order to save the airline. Mallya has already ceded part of the Formula 1 team to Sahara Force India.

In addition to his economic activities, he is a member of the board of the Institute of Economic Studies (India) and the Federation of the Indian Chamber of Commerce and Industries and is a member of the upper house of the Indian parliament. In May 1999 he was appointed a member of the “Leading Intellectuals of the World”.

Together with Michiel Mol from the Netherlands , he founded Orange India Holding , which took over the Formula 1 team Spyker in September 2007 , which is now called the Sahara Force India Formula One Team and whose team boss he was. On August 2, 2018, the insolvent Force India racing team was taken over by the Canadian entrepreneur Lawrence Stroll and will compete under the name Racing Point with a British license from the 2019 season. He is also the owner of the Indian cricket team Royal Challengers Bangalore .

The University of California at Irvine awarded him an honorary doctorate in business administration .

Mallya has been the owner of the Indian Empress since 2006 , which was launched in 2000. She is one of the 50 largest yachts in the world.

In March 2016, it was not clear to the Indian public whether traveling abroad to the UK was a normal activity, or whether Mallya fled the country because of the $ 1.3 billion debt from the financial collapse of his airline. Seven Indian banks tried to obtain arrest. Indian Prime Minister Narendra Modi came under pressure from the opposition parties in parliament because of Mallya's disappearance. After his passport was declared invalid, an arrest warrant was issued at the request of the financial police in mid-April. In April 2017, Mallya was temporarily arrested in the UK. After paying bail, he was later released pending a hearing scheduled for June.

Web links

Commons : Vijay Mallya  - collection of pictures, videos and audio files

Individual evidence

  1. ↑ http://www.forbes.com/profile/vijay-mallya/
  2. ↑ Amy Kazmin: Indian banks seek to dethrone "King of Good Times" , in: Financial Times , March 12, 2016, p. 1, p. 3
  3. ↑ http://www.n-tv.de/wirtschaft/Indien-sucht-Schnapsbaron-per-Haftbefehl-article17499431.html
  4. ^ Indian tycoon Vijay Mallya hero in UK. April 18, 2017. Retrieved June 26, 2017 .
personal data
SURNAME Mallya, Vijay
BRIEF DESCRIPTION Indian entrepreneur
DATE OF BIRTH 18th December 1955
PLACE OF BIRTH Bantwal near Mangalore