Findings Background Richard Branson is from a middle-class background. With no family connection to any of the businesses he has undertaken, he achieved success with Virgin Records, founding the Virgin Group from scratch after failing with various ventures previously. Vijay Mallya succeeded his father Vittal Mallya at the helm of the UB Group, and is responsible for increasing the size of the business significantly by growing the core business of the Group liquor sales as well as expanding it across other businesses, such as aviation, Formula 1, cricket, etc.
Business Role Both Branson and Mallya currently serve as the Chairmen of their respective holding groups. Branson being the founder, and Mallya the son of the founder, both are responsible for shaping the strategy of their businesses, such as ventures to invest in, business expansion, launch of new products or services, etc.
Get Access. Richard Branson. Richard dropped out at the age of 16 to start a culture magazine for the youth called Student. The first run of 50, copies was spread widely for free, after Branson covered the costs with advertising. It was in when Branson was living in a London…. The difficulty with attempting to analyze the leadership style of Branson is that everything that has been written about him prefaces his achievement with his larger than life personality.
There's no denying that Branson is fun and passionate, but he's also very bright and very hardworking. In , Branson and his friend Nick Powell created a mail order venture focusing on the record industry in London.
In , a…. Continue Reading. Read More. Richard Branson Richard Branson Shoots for the Moon Richard Branson is the founder of Virgin Group, a leading international investment group and one of the world 's most recognized brands.
Richard Branson entrepreneur Sir Richard Branson radiates throughout each of our lives. Richard Branson Richard Branson 1. We have submitted a holding plan," Mallya said. Panic began to grip the banking industry, especially the ones that were the majority in the banking consortium. Banks were answerable to shareholders for further lending to Mallya in On 22 June , Kingfisher last traded at Rs 1. The major burden of the loans was on the bankc owned by the government. Kingfisher Airlines hardly has any assets left for banks.
So, the chances for banks getting their funds back from Mallya are very slim.
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