Latest news with #SachiinJoshi
India.com
2 days 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.
Time of India
2 days ago
- Business
- Time of India
This Bollywood couple now owns Vijay Mallya's iconic Kingfisher Villa in Goa. Here's why it is now called the King's Mansion
Once synonymous with Vijay Mallya 's high-flying lifestyle and extravagant soirées, the infamous Kingfisher Villa in Goa has quietly passed into the hands of a new set of power players—Bollywood actor Sachiin Joshi and his wife, former actress Urvashi Sharma. Now renamed King's Mansion , the opulent estate on the shores of Candolim has been reborn with a fresh identity, but not without its share of dramatic history and cinematic connections. The news comes in the wake of Royal Challengers Bangalore 's stunning 2025 IPL win—18 years after its founding—which brought Mallya back into public conversation. As congratulatory messages poured in for the embattled former tycoon, curious eyes turned once again to the symbols of his bygone empire. Chief among them was the palatial Kingfisher Villa, where champagne once flowed as freely as scandal. The King Who Lost His Castle Known as the "King of Good Times," Vijay Mallya was as much a fixture in India's business pages as he was in Page 3 party shots. But the empire began to crumble after his alleged ₹900 crore loan default involving IDBI Bank, among other financial irregularities. In 2016, as Indian agencies closed in, Mallya fled to the United Kingdom under the radar, leaving behind a slew of legal troubles—and the glittering Kingfisher Villa. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Business Sneaker Loved by CEOs and NFL Stars Wolf & Shepherd Shop Now Undo The estate, owned by United Breweries Holdings , was seized by a consortium of banks led by the State Bank of India to recover dues from Mallya. Despite three failed auctions, the fourth attempt in 2017 finally found a buyer in Sachiin Joshi, who acquired the property for ₹73.01 crore, just under the reduced reserve price. From Kingfisher to King's Mansion With a sprawling 12,350 square feet of built-up space on a three-acre plot, the villa has long been a symbol of indulgence. Private swimming pools, manicured lawns, open-air dance floors, artificial ponds, and once a fleet of luxury cars—it had it all. But what once echoed with the sounds of the city's elite now has a new voice. You Might Also Like: Kingfisher calendar helped Deepika Padukone, Katrina Kaif become Bollywood stars, says Vijay Mallya. What was the formula? View this post on Instagram A post shared by Urvashi Sharrma (@urvashiamrrahs) Sachiin Joshi, known for films like Azaan , Jackpot , and the Telugu remake of Aashiqui 2 , is not just a film actor. He is also a businessman and the son of Jagdish Joshi, head of the JMJ Group of Industries. Joshi himself owns Viiking Ventures, which deals in everything from alcohol (notably King's Beer ) to hospitality and wellness. The connection to the 'King' label was serendipitous, leading him to christen the villa as King's Mansion . 'For months now, I have been asked about my plans for the villa. Today is the day I open the gates to the world,' Joshi remarked at the time. 'The property has been coronated as the 'King's Mansion'… the brand connection from 'King's Beer' and the inherent grandeur of the property made the choice.' View this post on Instagram A post shared by Sachiin Joshi (@sachiinjjoshi) While Vijay Mallya remains in the UK, battling extradition and legal proceedings, the Candolim property marks one of the few tangible recoveries Indian banks have made in their pursuit of the fugitive billionaire's dues. It's ironic, almost poetic, that the villa now belongs to someone from the very world that once frequented its parties; Bollywood . You Might Also Like: Vijay Mallya's son Siddharth celebrates 6 years of alcohol-free life. What is the reason behind his no-drinking?
