Why vijay mallya is called doctor

I do not go to sleep saying that I have a winner here. That is where I caught Jet napping. I have learnt how to raise the bar. Vijay Mallya. Vijay Mallya Reading success stories of greatest professionals stimulates motivational enzyme within us and we all wish to emulate them on path of success.

Following above you will read today success story of Dr. Vijay Mallya : Indian liquor baron Dr. Almost there! Please complete this form and click the Download button to gain instant access. Close Download. Subscribe for Important updates, Free Mocktest and News. Subscribe Now! Useful Resources Mocktest Take Test. E-Book View. Because Mallya has decided that there is nothing to be sorry about. Perhaps the only regret is that Kingfisher Airlines is not flying today when the oil price is so low.

This is a man who should be the poster boy for middle-class Indians, folks who weep and fret when we owe a person, never mind a bank,. If we are faced with employees who have not been paid a paise in months, we try to have systems in place that hopes to make us look shamefaced.

Not Dr Mallya. Okay, Kingfisher Airlines went wrong. If you think all this bravado is for the media, think again. He also struck a deal with Scottish and Newcastle in , which, at the time, seemed like a sweetheart deal. Along the way, he built a reputation for the fast life and flashy parties. He even bought a yacht the Indian Empress.

For a while, things seemed fine and Kingfisher quickly became the No. But its extravagance and expansion, largely fuelled by money borrowed from banks such as State Bank of India SBI , were out of touch with the difficult market conditions.

In December , Mallya announced a buy-out of the low-cost carrier Air Deccan, a shabby, down-market airline, primarily to fly global routes. Indian rules only allowed airlines that had been in existence for five years and Deccan ticked the box. Indeed, when he was once asked whether he was the Indian Branson, Mallya laughed and said Branson was the British Mallya. Kingfisher shut its budget airline in ; in , the firm reached a nadir. It did not have money to pay employees and creditors.

Staff began to strike work regularly because of non-payment of salaries. Its bank accounts were frozen; Kingfisher grounded most of its flights which caused hundreds of cancellations and the firm lost its No. Soon after, the firm shut operations and its licence was suspended by the government. Even then, Mallya hoped to get a foreign airline to invest in Kingfisher after the Indian government allowed foreign direct investment FDI in airlines in September The following three years got successively worse for Mallya.

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Non-necessary Non-necessary. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

Loading Comments Email Required Name Required Website.