- published: 11 Sep 2015
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Formula One, also known as Formula 1 or F1 and referred to officially as the FIA Formula One World Championship, is the highest class of single seater auto racing sanctioned by the Fédération Internationale de l'Automobile (FIA). The "formula", designated in the name, refers to a set of rules with which all participants' cars must comply. The F1 season consists of a series of races, known as Grands Prix (from French, originally meaning grand prizes), held on purpose-built circuits and public roads. The results of each race are combined with a points system to determine two annual World Championships, one for the drivers and one for the constructors. The racing drivers, constructor teams, track officials, organizers, and circuits are required to be holders of valid Super Licences, the highest class of racing licence issued by the FIA.
Formula One cars are considered to be the fastest circuit-racing cars in the world, owing to very high cornering speeds achieved through the generation of large amounts of aerodynamic downforce. Formula One cars race at speeds of up to 360 km/h (220 mph) with engines limited in performance to a maximum of 18,000 revolutions per minute (RPM). The cars are capable of lateral acceleration in excess of 5 g in corners. The performance of the cars is very dependent on electronics – although traction control and other driving aids have been banned since 2008 – and on aerodynamics, suspension and tyres. The formula has had much evolution and change through the history of the sport. Europe, the sport's traditional base, is where about half of each year's races occur. That said, the sport's scope has expanded significantly during recent years and an increasing number of Grands Prix are held on other continents.
Vijay Mallya (Kannada: ವಿಜಯ್ ಮಲ್ಯ; born on December 18, 1955 in Calcutta, West Bengal, India) is an industrialist and a second-time member of India's parliament. He is the chairman of the UB Group – one of India's largest conglomerates,[citation needed] with diverse interests in brewing, distilling, aviation, pharmaceuticals, real estate, engineering, fertilizers, biotechnology and information technology.
He is the son of industrialist Vittal Mallya. He took over as the chairman of the company at the age of 28 after his father's sudden demise in 1983.
Mallya attended the La Martiniere, Calcutta boys school, and graduated with a Bachelor in Commerce degree from St. Xavier's College, Kolkata. While in college, Mallya was interning in his family businesses. After he graduated, he interned at the American part of Hoechst in the United States.[not in citation given]
At the time of his father's death, Mallya was unanimously elected Chairman of United Breweries. As part of his modernisation bid, he consolidated the various companies under one umbrella group called the "UB Group", spun off non-core and loss-making businesses and focused on the core business of beverage alcohol.Kingfisher beer controls more than 50 per cent market share of India's beer market. The beer is available in 52 countries outside India and leads the way among Indian beers in the international market.United Spirits Ltd, the flagship of the UB Group, has achieved the historic milestone of selling 114 million cases, becoming the largest spirits company in the world by volume.