Latest news with #Mallya
Hindustan Times
a day ago
- Business
- Hindustan Times
‘Iss saal RCB jeet jaye toh …': X post backfires for Vijay Mallya as internet revives 'return to India' chant
'Royal Challengers Bengaluru (RCB) has made it to the Indian Premier League (IPL) final for the first time since 2016. Following this, the team's former owner, fugitive businessman Vijay Mallya, who is accused of an alleged loan fraud case, has dropped a post congratulating the team. However, social media took this opportunity to troll him and ask him to return to India to face the legal probes against him by the ED and the Central Bureau of Investigation. This is the second time his X post received such reactions in the span of a few days. Following RCB's previous win against Lucknow Super Giants (LSG), he was trolled for putting up a congratulatory post. 'Many congratulations to RCB for an authoritarian win over PBKS tonight to march into the IPL finals,' Vijay Mallya wrote. In the following lines, he added, 'Outstanding all round performance in a high pressure contest. Onwards and upwards towards the title. Play Bold.' RCB secured a win over Punjab Kings (PBKS) by 8 wickets in Qualifier 1 played on May 29 at the Maharaja Yadavindra Singh International Cricket Stadium, in Chandigarh. The final match of IPL 2025 is scheduled to be held on June 3 at the Narendra Modi Stadium in Ahmedabad. An individual joked, 'Iss saal RCB jeet jaye toh wapas aaye aap!' referring to RCB as one of the original franchises which have never won IPL. Another added, 'RCB's performance is high pressure, but Mallya sir, the banks are feeling even more pressure waiting for you.' A third expressed, 'Mallya sahab knows how to ditch Punjab.' A fourth wrote, 'RCB made it to the finals — now when are you planning to return to face your own? If all dues are paid, what's stopping you? Or is 'Play Bold' just a slogan for tweets, not courtrooms?' Vijay Mallya, former Chairman of United Spirits, one of India's largest alcoholic beverage companies, and ex-owner of now-defunct Kingfisher Airlines, is accused of a loan default scam involving several public sector banks.
India.com
2 days ago
- Business
- India.com
Meet Tanya Mallya, lesser known daughter of Vijay Mallya, she lives in..., know about her education, and more
Vijay Mallya, an Indian businessman known for his flamboyant lifestyle and high-profile business ventures, has been a controversial figure for several years. Accused in a bank loan default case of over Rs 9,000 crore, Vijay Mallya is living in London. According to news agency ANI report( dated February 2025), Fugitive businessman Vijay Mallya has filed a petition in the Karnataka High Court seeking loan recovery accounts from banks. Senior advocate Sajan Poovayya appeared on behalf of Mallya. According to Mallya's counsel Rs 6,200 crore was to be repaid, but Rs 14,000 crore has been recovered. Mallya's counsel claimed that this was informed to the Lok Sabha by the Finance Minister. Vijay Mallya's story is known around the world: from being a successful businessman called the 'King of Good Times' to facing big legal and money problems. While his life has been in the news a lot, his daughter prefers to stay private and away from the media, keeping a low profile despite the attention on her father. For those who may not know, Vijay Mallya first married Sameera, and the couple had a son named Siddharth. After their divorce, Mallya went on to marry Rekha, who was his neighbor in Bangalore. Together, Vijay and Rekha have two daughters, Leena and Tanya Mallya. Rekha had been married twice before and also has a daughter, Leila, and a son, Kabir, from one of her earlier marriages. Tanya has a deep love for photography; something not many people are aware of. Her passion even took her all the way to Paris, where she joined the 'National Geographic Student Expedition' to sharpen her skills in digital photography. Tanya Mallya completed her schooling at Marin Country Day School in Corte Madera, California, followed by the Convent of the Sacred Heart High School in San Francisco. She later earned her undergraduate degree in psychology from Barnard College in New York City.
India.com
2 days ago
- Business
- India.com
One slap by his father made this Indian man become owner of Rs 64030000000 business empire, then lost everything due to..., he is now.....
The Kingfisher bird is not just beautiful to look at, it is sharp, swift, and dives from the sky into the water with precision. Much like this bird, Vijay Mallya, famously known as the 'Liquor King' and 'The Man of Good Times,' once flew high with his dream project i.e. Kingfisher Airlines. But just like a sudden dive, his airline crashed from the heights and never managed to rise again. This is the story of Vijay Mallya's rush and mistakes that led to the downfall of his ambitious venture. There was a time when Mallya was a big name across Bollywood, sports, and the business world. But due to poor decisions and mounting debts, the same name is now associated with the label of a 'fugitive.' Vijay Mallya's father, Vittal Mallya, was a well-known businessman in the liquor industry. But young Vijay wasn't interested in either studies or business. It took a hard slap from his father to wake him up and that moment changed everything. Eventually, Mallya took over the family's liquor company, United Breweries Group, the maker of Kingfisher beer. The rise of Kingfisher At a time when most people hesitated to even speak about alcohol openly, Mallya broke all barriers after he started running bold ads on TV and in newspapers. He turned the liquor trade into a glamorous corporate brand. For marketing, he launched the now-iconic Kingfisher calendar featuring top Bollywood models. With catchy tunes like 'Oo La La La Le O…' the Kingfisher brand found a new identity. Vijay Mallya gave alcohol business a stylish makeover, but the same daring approach led him to take big risks and some that eventually backfired. For Kingfisher's advertisements, Vijay Mallya brought in big names like MS Dhoni, Virat Kohli, and Chris Gayle, having them groove to the catchy 'Oo La La La Le O…' tune. Launch of Kingfisher Airlines In 2003, Mallya took a bold step into the airline business and officially launched Kingfisher Airlines in 2005. By then, he had become such a big figure that he gifted the airline to his son, Siddharth Mallya, as a birthday present. The airline was part of his liquor empire, United Breweries. Kingfisher's first flight took off in 2005, operating between Mumbai and Delhi. The airline quickly gained attention for offering unmatched luxury: free meals, comfy seats, onboard entertainment, complimentary beer, and even headphones. Mallya made flying feel like a royal experience. Within just two years, the airline expanded from 4 aircraft to 20 Airbus A320s, covering 26 destinations. At its peak, Kingfisher Airlines had a fleet of 69 aircraft. Mallya made air travel feel grand and luxurious, treating passengers like royalty. But in trying to treat customers like kings, he ended up mismanaging the business. Some say the real reason he started the airline was to promote his beer brand, Kingfisher, on a global scale. The downfall Mallya was in a rush to take the airline international, but Indian aviation rules require a minimum of five years of domestic service before an airline can fly abroad. That impatience led to further complications in his business plans. Vijay Mallya made a huge mistake when he decided to ignore the rules and bought Air Deccan, a low-cost airline, that was already deep in debt and struggling financially. He spent around Rs. 950 crore on the deal. Looking back, this turned out to be one of the worst decisions for both Mallya and Kingfisher. His plan was to use Air Deccan to attract middle-class flyers and start international flights sooner. He wanted Kingfisher to serve the luxury crowd and Air Deccan, rebranded as Kingfisher Red, to target budget travelers. But things didn't go the way he had imagined. People who were paying a premium to fly on Kingfisher's luxury flights now had a cheaper option with Kingfisher Red. As a result, Kingfisher's own flights began to fly with empty seats. While earnings dropped, the costs kept rising. Slowly but surely, the airline started sinking into a mountain of debt. Global financial crisis Then came the global financial crisis of 2008, which made things even worse. Fuel prices shot up, and Kingfisher began cancelling flights. The company had no money left to repay loans or even to pay its staff. What started as a dream of luxury in the skies ended in financial disaster. Kingfisher's journey in the aviation world was short-lived. The airline never managed to make a profit. Over time, it sank deeper into debt, and Vijay Mallya tried to sell the company but no one was willing to buy it. One major issue was that, at the time, foreign airlines were not allowed to invest in Indian carriers. So there were no takers. Things got worse, and in October 2012, India's aviation regulator, the DGCA, cancelled Kingfisher's license. A company that was once the country's second-largest airline had completely collapsed. Mallya's lavish lifestyle Even as his companies were falling apart, Mallya's lavish lifestyle didn't change. While debt kept piling up, he continued hosting grand parties and living in luxury. By 2014, Kingfisher's unpaid loans had crossed Rs. 9,000 crore and were officially declared Non-Performing Assets (NPAs). Eventually, Mallya fled India for the UK, leaving behind a mountain of unpaid loans. Indian banks and agencies began legal proceedings to extradite him. According to Forbes' 2013 Billionaires List, Mallya was worth about USD 750 million (around Rs. 6,400 crore at the time). But due to poor decisions and a flashy lifestyle, his businesses shut down one after another, his debts kept growing, and his fortune kept shrinking.
News18
3 days ago
- Sport
- News18
‘Ab Toh Aajao…': Vijay Mallya's Post On RCB's Win Against LSG Opens Floodgate Of Memes
Curated By : Last Updated: May 28, 2025, 16:35 IST Fugitive businessman Vijay Mallya. (AP file photo) Fugitive businessman and former Royal Challengers Bengaluru (RCB) owner Vijay Mallya found himself at the receiving end of netizens' jibes after he hailed the team's win against Lucknow Super Giants (LSG) in Tuesday's IPL match. As the former owner of RCB, he congratulated the team for 'pulling off a phenomenal win over LSG", but the majority of internet users mocked him and called for his return to India. 'Congratulations to RCB for pulling off a phenomenal win over LSG tonight and setting an IPL record of away wins. Hopefully, strong momentum and return of key players will enable RCB to play bold en route to the IPL Trophy," Mallya said in a post on X on late night post on Wednesday. Congratulations to RCB for pulling off a phenomenal win over LSG tonight and setting a IPL record of away wins. Hopefully, strong momentum and return of key players will enable RCB to play bold en route to the IPL Trophy.— Vijay Mallya (@TheVijayMallya) May 27, 2025 Netizens Troll Mallya Mallya's post saw hilarious responses from netizens, who urged him to comeback to India. The comment section was flooded with responses like ' malya ab toh aajao rcb jeetegi isbaar," 'Himmat hai to Finale dekhne aa jao India me:," 'Sir Trophy Uthane Hee Aa Jao India " and more. Mallya, currently residing in London, is the subject of India's extradition efforts over alleged loan defaults. He has cases against him by the ED and Central Bureau of Investigation. RCB Storms Into Qualifier 1 In what turned out to be an absolute thriller, it was RCB's hitman Jitesh Sharma who led the way for a wild chase with his unbeaten 85-run outing to lead RCB to a 6-wicket win and secure the 2nd place finish. Swipe Left For Next Video View all Jitesh's 85* off just 33 balls anchored the visitors to their best-ever run chase, and the third-highest run chase in IPL history. With their win, RCB now secure the top two finish in the table and will be playing in the Qualifier 1 against Punjab Kings. Watch CNN-News18 here. News18's viral page features trending stories, videos, and memes, covering quirky incidents, social media buzz from india and around the world, Also Download the News18 App to stay updated! News viral 'Ab Toh Aajao…': Vijay Mallya's Post On RCB's Win Against LSG Opens Floodgate Of Memes
Hindustan Times
3 days ago
- Sport
- Hindustan Times
'Final dekhne aao India': Vijay Mallya trolled after tweet on RCB's win against LSG
Vijay Mallya found himself at the receiving end of social media jibes after he congratulated Royal Challengers Bengaluru (RCB) on their win against Lucknow Super Giants (LSG). While his post praised RCB, many took the opportunity to troll him, asking him to return to India to face legal proceedings. 'Congratulations to RCB for pulling off a phenomenal win over LSG tonight and setting a IPL record of away wins,' Mallya wrote in a X post. 'Hopefully, strong momentum and return of key players will enable RCB to play bold en route to the IPL Trophy,' he added. Social media had a field day and didn't hold back while dropping remarks on Mallya's post. An individual posted, ''Final dekhne aao India (come to India to watch the final match).' Another added, 'Please come to watch the playoffs in India!!' A third commented, 'Comeback to India Man.' A fourth wrote, 'When are you coming?'
