Sunday, January 20, 2008

Vijay Mallya










Vijay Mallya


Age: 51

Fortune: inherited and growing

Source: liquor

Net Worth: $1.5 bil

Country Of Citizenship: India

Residence: Bangalore , India, Asia & Australia

Industry: Beverages

Marital Status: married, 3 children

Education: St Xavier’s College

Vijay Mallya is an extravagant liquor tycoon, who is also a member of parliament, took over the United Breweries group from late father in 1983.He built United Breweries into world's second largest spirits company. It is well known for such brands as Kingfisher,which also shares its name with its Airline which has notched up a decent market share in the aviation sector.He has recently bought a majority stake of Deccan Airlines which is known to be a low cost airline to ensure synergies.which will in turn benefit the United Breweries Group. He has also included Scottish distiller Whyte & Mackay in in its brand portfolio. He has yachts, vintage cars and a stud farm.


Formula 1

Mallya now wants to bring a Formula 1 race to India as the Indian Grand Prix. New Delhi is the target with a possible race being hosted by India in 2010 where Mallya hopes his Formula 1 Team Force India 1 which get a podium finish. Tilke has been roped in to design the circuit. Tilke has previously designed F1 tracks in Turkey, Shanghai, Bahrain and Malaysia


Track design

The set-up cost of the race would be at least U$100 million.This is considerably less in comparison to building a brand new track specifically for car racing. Tilke intends the cars to go around India Gate and down Rajendra Prasad Rd.

Force India F1 Team.

Mallya and the Mol family from The Netherlands bought for 88 million euros the Spyker F1 team.The team has changed its name to Force India F1 from the 2008 Season.The drivers would be Giancarlo Fisichella who has had a prolific season with Renault alongside Alonso and Andy Sutil .The Test driver for the Force India F1 Team will be Vitantonio Luizzi who has had a good season with Red Bull Racing .

We hope that a Xaverian keeps the Xavier’s flag flying in foreign shores as well as Indian shores.









Vijay Mallya at IIM Calcutta .



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