The name rhymes with "yomama", "the guy who did not steal your chips" and "the man who possesses the world aka samsung laptop". He makes no fault in taking stupid decisions like choosing his friends. He is also famously called as bairava malikarjuna
It can be used as a word of dissapointment, like
Q: How was your day?
A: Baivab Maulik
Here biavab is defined as dissapointment