Hitting 
the headlines once again was Mallya owned Kingfisher Airlines, which in a move to include A380s in its fleet, has placed order for five of them with an option to buy five more at a later date. The deal is expected to cost the business tycoon $300 million for each.
Rated as the world’s 746th richest man by Fortune magazine, Vijay Mallya took Chairmanship of UB Group in 1983 and has ever since taken the company to greater heights. Under his leadership, UB Group has become world’s third largest spirits producer by volume, with acquisition of Shaw Wallace last June. In 2005 when he ventured into aviation sector with the launch of Kingfisher Airlines, he made history by being the only Indian airline to operate with all new aircrafts.
However, this maverick’s entrepreneur’s interests are not limited to business alone. He leads an active political life (as Rajya Sabha MP) and is also known for his flashy lifestyle, besides having a strong inclination toward sports. Here’s a man who’s plays by his own rules.
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Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
