“ THE KING OF GOOD TIMES“
“THE LIQUOR BARON ”
VIJAY MALLYA
• BORN : 18th December 1955 , KOLKATTA• PARENTS : VITTAL MALLYA & LALITHA
RAMAIAH• MEMBER OF PARLIAMENT • SPOUSE : REKHA• CHILDREN : SIDDHARTH MALLYA
BUSINESS OWNED
KINGFISHER AIRLINES
RAPID GROWTH
TIMELINE : 2005 Started operations
2006:Entertainment options
2007:ACQUSITION
2008:International operations
2009:Several awards
2010:Indigo and Jet airways surpass
2011: Serious cash flow problems
2012:Turbulent year in the history
WHAT WENT WRONG ???
STATEMENT
• FAILED LOW COST MODEL
• GOVERNMENT ROLE
• COMPETITION
• BARGAINING POWER OF SUPPLIERS
• AIRCRAFTS
THE FALL OF EMPIRE BEGINS!!!
• The kingfisher Airlines crisis refers to a series of events that led to severe disruptions within Kingfisher Airlines
• Ever since it began its operations in 2005 , it has been reporting losses
• After acquiring Air Deccan, Kingfisher suffered a loss of over 1,000 crore for 3 consecutive years
Contd..
• By early 2012,the airline accumulated losses of over 7,000 crore
CONSEQUENCES OF CRISIS
1.Half of its fleet grounded
2.Salaries delayed
3.EMPLOYEES ON STRIKE
4.THE FALL OF EMPIRE
Contd..• Kingfisher Airlines received notice from the Airport Authority Of India on
February 2012 regarding accumulated dues of 255.06 crore
• By Feb 2012,Kingfisher has been declared NPA by following banks: SBI Bank of Baroda PNB IDBI Central bank BOI CORPORATION BANK
VIJAY MALLYA & OUR FINANCIAL SYSTEM
“KING OF BAD TIMES”
• Vijay Mallya among 612 Indians who stashed cash in tax havens
• Kingfisher assets attached on tax default• No bidder turns-up for Vijay Mallya’s Goa Kingfisher
villa• Vijay Mallya was not involved day to day affairs of
KFA• SBI willing to settle Kingfisher loan issue with Vijay
Mallya
THANK YOU