Early Life and Background
Vijay Mallya was born on December 18, 1955, in Kolkata, India. He was the son of Vittal Mallya, a prominent businessman who was the chairman of United Breweries Group. Vijay Mallya had a privileged upbringing and was exposed to business from an early age.
He completed his education at La Martinière in Kolkata and then moved to St. Xavier’s College, Kolkata, for higher studies. His early exposure to his father’s business empire set the foundation for his future ventures.
Rise in Business
In 1983, at the age of 28, Vijay Mallya took over as the chairman of United Breweries Group (UB Group) after his father’s sudden death. Under his leadership, the company expanded rapidly. He diversified into various sectors, including alcohol, aviation, real estate, and even sports.
The brand Kingfisher, a beer label owned by UB Group, became one of the most popular and recognizable brands in India and globally. Vijay Mallya’s charisma and flamboyant lifestyle made him a household name.
Kingfisher Airlines
In 2005, Vijay Mallya entered the aviation industry with the launch of Kingfisher Airlines. The airline promised luxury and comfort, attracting many passengers. However, despite its initial success, Kingfisher Airlines struggled with financial issues. The company accumulated massive debts, and by 2012, it had to cease operations due to bankruptcy.
Legal Troubles
Vijay Mallya’s downfall began with the collapse of Kingfisher Airlines. Indian banks claimed that Mallya owed them over ₹9,000 crores ($1.2 billion). In 2016, he left India, and soon after, he was labeled a “fugitive economic offender” by Indian authorities.
The Indian government has since been trying to extradite Vijay Mallya from the UK to face charges of financial fraud and money laundering. His legal battles in the UK courts have been widely covered by the media.
Personal Life
Vijay Mallya is known for his luxurious lifestyle. He has been called the “King of Good Times” due to his extravagant parties and high-profile social life. Mallya was once an elected member of the Indian Parliament, serving as a representative of Karnataka in the Rajya Sabha.
He has three children, including his son Siddharth Mallya, who was briefly involved in managing Kingfisher Airlines and other businesses.
Vijay Mallya Today
As of today, Vijay Mallya remains in the UK, fighting legal battles over his extradition to India. His business empire has crumbled, and he faces numerous lawsuits. Despite his legal troubles, Mallya continues to make headlines, whether for his court appearances or his statements regarding the money he owes.
Conclusion
Vijay Mallya’s biography is a story of immense success followed by a dramatic downfall. From being the head of a global business empire to becoming a fugitive, Mallya’s life has seen both extreme highs and lows. His journey is a testament to how fortunes can change rapidly in the business world.
