UNITED SPIRITS LTD. (MCDOWELL-N) - COMPANY HISTORY

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United Spirits Ltd is the Second largest spirits company in the world by volume and is a subsidiary of Diageo plc The company is engaged in the business of manufacture purchase and sale of beverage alcohol (spirits and wines) including through tie-up units/ brand franchises. They operate in two geographic segments: India and outside India. The India segment is engaged in the business of manufacture purchase and sale of beverage alcohol (spirits and wines) including through tie-up units/ brand franchisees within India. The Outside India segment is engaged in the business of manufacture purchase and sale of beverage alcohol (spirits and wines) including through tie-up units/brand franchisees outside India. The company's products include whisky brandy and rum. Their brands include Dalmore Jura Whyte and Mackay Black Dog Signature Romanov Antiquity Royal Challenge White Mischief Bouvet Ladubay and Four Seasons. United Spirits Ltd was incorporated in the year 1999 as McDowell Sprits Ltd. In April 1 2000 the company name was changed from McDowell Sprits Ltd to McDowell & Company Ltd. In the year 2002 McDowell Alcobev became the wholly owned subsidiary of the company. Also the company made alliances with US Australia and French Cos. for bulk wine import. Phipson Distilley became a wholly owned subsidiary of the company. Also the company acquired 85% equity stake in Truimph Distilleries & Vinters Pvt Ltd subsequently the Truimph Distilleries & Vinters became a subsidiary company. In December 2002 the company acquired the Indian and Middle East businesses of Gilbeys from UDV through their ultimate subsidiary Triumph Distillers & Vintners Pvt Ltd. During the year McDowell International Brands Ltd became a wholly owned subsidiary consequent upon the transfer of beneficial interests in the balance 60 equity shares of Rs 10 each held by the other shareholders to the company. In the year 2003 the company rolled out their new Whisky brand Derby Special Whisky in Andhra Pradesh Market. They forged alliance with Newzealand Company called Independent Liquor to pursue an aggressive growth strategy in the ready-to-drink segment. McDowell Alcobev a subsidiary of the company made open offer to acquire 25% stake in Intertia Industries. The company unleashed new Vodka as part of their product portfolio. In the year 2004 the company launched the Old Cask Rum in the Karnataka market. Also they unveiled the Signature a new and costly item in product line at Tamil Nadu market.During the year 2004-05 the McDowell India Spirits Ltd became a wholly owned subsidiary of the company consequent upon the purchase of 50000 equity shares of Rs 10 each from the existing shareholders of the company. The company made an open offer to the shareholders of Shaw Wallace & Company Ltd. Pursuant to the open offer the company acquired 12001518 equity shares constituting 25% of the paid up equity share capital of Shaw Wallace & Company Ltd. Also the investment business of the company was demerged and transferred to McDowell India Spirits Ltd (now know as McDowell Holdings Ltd) with effect from the April 1 2005.During the year 2005-06 Phipson Distillery Ltd United Spirits Ltd Herbertsons Ltd Triumph Distillers & Vintners Pvt Ltd Baramati Grape Industries Ltd United Distillers India Ltd McDowell International Brands Ltd and Shaw Wallace Distilleries Ltd were amalgamated with the company with effect from April 1 2005. In order to expand their Scotch whisky to a larger consumer segment and the middle-income group in particular the company launched a low-priced variant of their Black Dog Scotch. Also they introduced McDowell's No.1 Celebration Rum and Antiquity Blue. In March 2006 Primo Distributors Pvt Ltd a wholly owned subsidiary of United Distillers India Ltd became a wholly owned subsidiary of the company.During the year 2006-07 the company changed their name from McDowell & Company Ltd to United Spirits Ltd with effect from October 17 2006. The company launched their international operations with the acquisition of Bouvet-Ladubay S.A. a 3.2 million-bottle winery in the Saumur Valley in the Loire region of France. In May 2007 the company acquired 100% stake in Whyte & Mackay a leading distiller of Scotch whisky. United Spirits Market News

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