JOURNEY OF AN ENTREPRENEUR DR. VIJAY MALLYA -

Profile Born: December 18, 1955 (age 53)Bantwal, Karnataka. Occupation: Rajya Sabha MP, Chairman- United Breweries Group,Kingfisher Airlines, Force India, Royal Challengers Bangalore ,United Racing and Bloodstock Breeders  Net worth: US$1.2 billion Age: 52 Fortune: inherited and growing Source: liquor Residence: Bangalore , India, Asia & Australia Industry: Beverages Marital Status: married, 3 children Education: Calcutta University, Bachelor of Arts / Science  

ACHIEVEMENT Vijay Mallya is the Chairman of the United Beverages (UB) Group He recently launched a new domestic airline called Kingfisher Airline which is making great waves. Vijay Mallya is famous for his flamboyant and flashy lifestyle. Vijay Mallya is the son of a famous industrialist Vittal Mallya. He assumed the Chairman of the UB Group in 1983 and took the company to great heights.

CONTIN……. Vijay Mallya has other interests too apart from business. He has won trophies in professional car racing circuits and is a keen yachtsman and aviator. Vijay Mallya has also won numerous trophies in horse racing including several prestigious Derbies. In 2000, Vijay Mallya entered politics superceded Subramaniam Swamy as the president of Janata Party. Presently, he is a Rajya Sabha M.P.

How Vijay Mallya's Kingfisher took flight! Kingfisher Airlines crisis: I will bounce back, says Vijay Mallya

Key Milestones   Upon assuming the position of Chairman in October 1983, Dr. Mallya initiated the process of defining a corporate structure with performance accountability, inducting professional management and consolidating the unwieldy empire into individual operating divisions. In 1988, Vijay Mallya became a non-resident Indian to pursue global opportunities and to transform the UB Group into India‘s first multinational. In 1993 he founded UBICS, Inc, listed on the NASDAQ in 1996, a leading global provider of a broad spectrum of IT services and IT products for the vast US market Vijay Mallya, a sports lover, bought Spykar F1 team along with Micheil Mol in October 2007 for 88 million euros. It was a 50-50 joint venture between him and Mol, a director of Spyker Formula One, of the Netherlands. The world saw India’s first Formula One team – Force India came into existence Vijay Mallya owns one of the largest private yachts in the world called Indian Empress  

CONTIN… Mallya personally steered The UB Group’s entry in civil aviation with Kingfisher Airlines, launched in May 2005. The full service luxury domestic airline operates a fleet of 13 brand new aircraft that provide 70 daily flights connecting 16 cities. In its first year of operations Kingfisher Airlines was awarded service excellence awards.   It was India’s second largest budget carrier. Designer uniforms for stewards, bold usage of colour palette inside the aircraft and the ever so charming kingfisher logo – that’s Mallya’s flamboyance. Kingfisher airlines proved out to be the most glamorous domestic airlines.