“ 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