Bad Boy Billionaires

Vijay Mallya
Nirav Modi
Subrata Roy
Group 05
Athira

Mrinal Trivedi

Sreelakshmi V B

Subhadeep Roy

Vicky Khandelwal
 Subrata Roy
● Collective materialism was his thought
with an altruistic approach
● Formed a pyramid scheme with small
investors but million investors (30 mn)
converts into a sizeable business empire
● We see the gorgeous and colourful images
of Aamby Valley as a tribute to himself
● We learn from people who lost money in
the Sahara “Ponzi” chit fund scheme
● $60 mn Sahara Wedding surrounded by
famous and the glamourous big shots
● Mr. Roy’s fightback in the media and the
press and defiance is shown as well
● We hear from his employees who elevated
him to Godly status
● Problem started when he tried to take his
company public
● Supreme court gave the penalty of $3.6 bn
(investments + 15% interest)
● SEBI verified and found that many names
of investors have been made up
● Owed Rs. 24,000 cr. to over 3 cr investors
● The episode ends with Subrata Roy
convicted of fraud, arrested & now out on
parole since 2016
Vijay Mallya
● We learn the history of Vijay Mallya
● Vijay was always king of good times,
the richest flamboyant, role model for
the so many people kind of person
● The grandiose nature of his parties is
elaborated
● He had acquired Air Deccan, and to
make a success, took a loan and spent
a lot of money, but still losses weren’t
reduced
● He was in denial of VERITAS report,
didn’t care much about the employees
● Instead of paying debt to banks and
salaries to employees, he was
spending his money for lavish lifestyle
and parties
● We hear the story from the auditor’s
perspective
● The laborers who weren’t paid wages
are interviewed; some of them were
impoverished
● We gain Siddharth Mallya’s
perspective, who claims his father was
a scapegoat and a “political pawn”
Nirav Modi
● The business that put India on the
map of luxury brands
● He curated the journey from low
margin business in to big margin one
● Within 2015 to 2017, he opened
stores at famous cities worldwide
● House of cards fell down when the
PNB found irregularities
● Perceived as a god and man of
integrity by employees
● He was too much focused to build his
empire
● He put too much on stakes and risked
everything to fight for his ambition
● “Never cut corners” - lavish spending
in business and personal life
● Extensive marketing campaigns with
highly sought after celebrities like
Rosie Huntington Wiley
● Unchecked strategies that resulted in
low returns