McDowell Holdings Limited (formerly known as McDowell India Spirits Limited), was originally incorporated as United Golden Beverages Limited on March 1, 2004. The name of the company was changed to McDowell India Sprits Limited on March 31, 2004. In terms of the Composite Scheme of Arrangement, subsequent to the Scheme becoming effective, the name of the company was changed to McDowell Holdings Limited with effect from October 17, 2006. Dr Vijay Mallya is the promoter and chairman of the board of directors of the company.

The company was incorporated to establish and carry on business of liquors, beverages, alcohols, wines, other products, e.g. brandy, whisky, gin, rum, beer or their derivatives. Also to carry on all or any of the business of malt factors, general and wine and spirits merchants, either as exporters or importers and distilleries, commission agents, warehousemen, bottlers, bottle makers, bottle stopper makers, potter, manufacturers of and dealers in aerated and mineral waters and other drinks, licensed victualers, beer house keepers, yeast dealers.

The company’s principal activity is that of an investment holding company. It has investments primarily in the UB Group companies, which are engaged in the business of exports and property development, manufacture and sale of beer and chemicals and fertilizers, etc

Recent developments

McDowell Holdings has got its equity shares delisted from Delhi Stock Exchange Ltd with effect from March 31, 2009.