What is Vijay Mallya’s Scam? Vijay Mallya Case Study
Mallya owes a Rs 9,000 crore from 17 Indian banks and is accused of fraud and money laundering cases in the country
Vijay Mallya became the chairman of United Breweries Holdings Limited (UBHL) in 1983 at the age of 28 after his father’s death
To run this business he continuously took loans from banks. He took loans of 9000 crores by 17 banks.
Failure Reason of Kingfisher Airlines
1. Lack of Business Strategy 2. Lack of Management 3. 2008 Recession 4. Air Deccan 5. High Operational cost 6. RCB’s Connection With Vijay Mallya 7. Weakness & Strength
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