The chairman of India's UB Group, which includes Bangalore-based Kingfisher Airlines and United Breweries, made the winning $1.8 million bid on a number of Mahatma Gandhi's personal items on auction.
Vijay Mallya was expected to return the items to the Indian government, according to CNN-IBN, CNN's sister station in India.
Controversy surrounded the sale Thursday of Gandhi's items -- among them his metal-rimmed glasses, pocket watch, sandals, bowl and plate -- prompting the seller, James Otis, to ask that the items be withdrawn from the auction.
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CNN's Harmeet Shah Singh contributed to this report.
All About Mahatma Gandhi • India