Latest news with #KingsBeer
NDTV
3 hours ago
- Business
- NDTV
Who Owns Vijay Mallya's Kingfisher Villa In Goa? It Has A Bollywood Connection
Liquor baron and fugitive Vijay Mallya never really went out of the newscycle and now former owner of the defunct Kingfisher Airlines is dominating headlines following his lengthy conversation with podcaster Raj Shamani. Mallya, who is wanted in India for alleged loan defaults and is currently based out of the UK, once owned the lavish Kingfisher Villa in Goa, among many several properties, where he hosted many high-profile parties in his heyday as the 'King of Good Times'. The villa is spread over 12,350 square feet (three acres) at the Candolim beach village in North Goa, which is around 20 km from Panaji and on the way to Fort Aguada. It was legally owned by United Breweries Holdings (UBH), the parent company of the Kingfisher Airlines. After Mallya defaulted on his loans and fled the country in 2016, the Kingfisher Villa was sold to Bollywood couple, actor-producer Sachiin Joshi and his wife, actor Urvashi Sharma of Naqaab film fame for Rs 73.01 crore the next year. View this post on Instagram A post shared by Urvashi Sharrma (@urvashiamrrahs) Joshi, whose film credits include Mumbai Mirror and Jackpot, in which he co-starred with Sunny Leone, also runs Viiking Ventures. According to the businessman's official website, the company dabbles in different verticals such as FMCG products (alcoholic, non-alchoholic beverages), hospitality, entertainment, realty, infrastructure paper products and philanthropic activities. In 2017, Joshi bought the Kingfisher Villa in an auction conducted by the consortium of banks led by the State Bank of India, to whom Mallya owed money. The bankers had initially set the price of the villa at over Rs 90 crore for auction. Joshi, whose liquor manufacturing business sells products including Kings Beer, later renamed the Kingfisher Villa to 'King's Mansion'. The businessman had opened up about his plans for the property when he unveiled the plaque of the massive villa rechristened as King's Mansion. "Today is the day I open the gates to the world. The property has been coronated as the 'King's Mansion' and the future plans have been drawn. We had multiple names to dabble, but then the brand connection from 'Kings Beer' and the inherent grandeur of the property made the choice," he said. "We have some interesting plans for the place. But the innate point of anything we do here would be to create an experience like no other. The place would denote class and something that's never been done in India before," he added. Joshi himself acquired the Goa-based Kings Beer from Impala Distillery and Brewery for Rs 90 crore back in 2015.
India.com
a day ago
- Entertainment
- India.com
Meet Bollywood couple who are new owner Kingfisher Villa of Vijay Mallya, iconic house is now called..., owners are..
The flamboyant Vijay Mallya was once a prominent figure in the business sector. He recently gained attention when the Royal Challengers Bangalore secured the IPL trophy, as he established the team back in 2008. During this event, he took to social media to congratulate the team and commend their dedication. Additionally, he owned a villa named Kingfisher in Goa, which was sold at auction in 2017. A famous Bollywood couple purchased the property and renamed it King Mansion. Let's identify who they are. Actor-Business Tycoon Of the Bollywood Industry Here we are talking about actor Sachiin Joshi , who is known for working in many Bollywood films. In 2017, Sachiin, who owns Viking Ventures , along with his actress spouse Urvashi Sharma , acquired the property for Rs 73.01 crore. This extravagant estate, encompassing 12,350 square feet, was previously owned by United Breweries Holdings , the parent company of Kingfisher Airlines . After acquiring it, he named estate King's Mansion . For the unversed, Sachiin Joshi is also a businessman involved in the alcohol industry, with one of his products named Kings Beer , mirroring the name of his villa. More About Sachiin Joshi and His Wife Urvashi Sharma Sachiin Joshi is son of Jagdish Joshi , owner of JMJ Group of Industries, who made his Bollywood debut in 2011 with the movie Aazaan . He subsequently appeared in Mumbai Mirror and Jackpot alongside Sunny Leone , and has acted in various Telugu films as well. He took on the role that Aditya Roy Kapoor played in the Telugu version of Aashiqui 2 , titled Nee Jathaga Nenundali . Besides his acting career, Sachiin is also engaged in business ventures and is married to former actress Urvashi Sharma, who is best known for films like Naqaab, Khatta Meetha, Baabarr, Three, Chakradhaar and Aakrosh . The actress also appeared in Khatron Ke Khiladi: Season 1 and ended as first runner-up. More about Vijay Mallya Vijay Mallya , often referred to as the 'King of Good Times,' was as prominent in India's business news as he was in the flashy party scenes featured in the media's Page 3 . However, his empire began to collapse following his alleged default on a ₹900 crore loan with IDBI Bank , along with various other financial misconducts. In 2016, as Indian authorities started to tighten the screws, Mallya quietly left for the United Kingdom, abandoning numerous legal issues and the opulent Kingfisher Villa . The property, owned by United Breweries Holdings, was taken over by a group of banks led by the State Bank of India to recover Mallya's debts.
