The warrant, which is non-bailable, relates to bounced cheques Mallya's Kingfisher airline issued to the operator of Hyderabad International Airport.
The cheques, for a reported $2million, were meant to settle user fees at the airport.
"The cases were listed today for the airline to appear in the court," a spokesman for the complainant is quoted as saying by AFP.
"Since they failed to appear before the magistrate, the court has ordered issuance of NBW (non-bailable warrants) against Kingfisher Airlines (KFA), Vijay Mallya and four other KFA officials."
The arrest warrant is the latest in a string of financial setbacks for Kingfisher, which is reported to have debts in the billions.
The airline has failed to generate a profit since its launch in 2005. It has grounded its fleet for the past two weeks.
AFP added that Hyderabad police chief Anurag Sharma had not yet received the warrant.
- Politics & Government
- Crime & Justice
- Vijay Mallya
- Kingfisher Airlines