United Breweries Holdings Limited (UBHL), also called UB Group, is the Indian subsidiary of Heineken N.V.. Is headquartered in UB City, Bangalore, Karnataka. Its core business includes beverages and investments in various sectors. The company markets beer under the Kingfisher brand, and owns various other brands of alcoholic beverages. United Breweries is India's largest producer of beer.[3]
United Breweries now has greater than a 40% share of the Indian brewing market with 79 distilleries and bottling units around the world. In 2005, UB financed a takeover of the spirits business of the rival Shaw-Wallace company, giving it a majority share of India's spirits business.[4] The group no longer owns the Mendocino Brewing Company in the United States.
The UB Group was founded by a Scotsman, Thomas Leishman, in 1915, when he brought together Castle Brewery and Nilgiris Breweries (1857), Bangalore Brewing Co. (1885), British Brewing Corp. (1903) and BBB Brewery Co. Ltd. (1913). The Group took its initial lessons in manufacturing beer from South India-based British Breweries. At 22, Vittal Mallya was elected as the company's first Indian director in 1947. After a year, he replaced R. G. N. Price as the company's chairman.
United Breweries made its initial impact by manufacturing bulk beer for the British troops before independence which was transported in huge barrels or "Hogsheads". Kingfisher, the Group's most visible and profitable brand, made a modest entry in the sixties. The company expanded greatly during the 1950s and 60s by acquiring other breweries. First was the addition of McDowell as one of the Group subsidiaries. This move helped United Breweries to extend its portfolio to the wines and spirits business. As a strategical measure, the Group moved into agro-based industries and medicines. The former is marked by Mallya acquiring Kissan Products. A long-term relationship with Hoechst AG of Germany was also established, resulting in the creation of an Indian pharmaceutical company, Aventis Pharma. (Currently the Indian subsidiary of the global pharmaceuticals major Sanofi-Aventis).
The conglomerate was headed by Vijay Mallya, who left India on 2 March 2016, allegedly to escape legal action by Indian banks to whom he owed an estimated ₹9,000 crore (US$1.1 billion) in loans.
In June 2021, Heineken N.V. bought out Mallya's 15% stake in United Breweries Limited for ₹5,825 crores (US$730 million) from the Debt Recovery Tribunal. With this, Heineken's stake in the company increased to 61.5%, taking control of United Breweries.[5]
In May 2023, employees, terminated from service at the United Breweries factory located near Ranasthalam, Srikakulam on account of reduced orders, staged protest.[6]
The Pegasus, which is the symbol of the United Breweries, first found its place as the Group logo in 1941.[citation needed] Then, the Helladic horse – associated with beer and nectar in Greek mythology – carried a beer cask between the wings, ostensibly because beer formed the core operations of the Group. Later, the beer cask was removed to represent the Group's multifaceted operations.
Subsidiariesedit
United Breweries Limited – the UB Group's brewing entity, which has undisputed market leadership with a national market share in excess of 50%. The UB Group today controls 60% of the total manufacturing capacity for beer in India. United Breweries is controlled by Heineken N.V. which owns a majority stake in the company.[7]
UB Engineering – the group's engineering business arm. It undertakes engineering, procurement and construction projects, infrastructure, on-site fabrication of structures, installation, testing and commissioning of electrical and mechanical equipment, piping for large industrial projects. The company was initially established as Western India Erectors in 1963 and came under the UB Group in 1988.
UBICS – providing IT consulting, body shopping services and professional IT products to business companies.
Defunct subsidiariesedit
Kingfisher Airlines – UB Group launched Kingfisher Airlines, an airline in India whose operation was halted after problems in 2014 that led to its licence being revoked by the DGCA.[8]
^"United Brewery Ltd". The Economic Times. The Times Group.
^. Essar Group. 23 June 2010. Archived from the original on 10 August 2013. Retrieved 11 July 2013.
^Gupta, Soumya (26 December 2017). "Kingfisher's market share drops as foreign beer brands gain ground". livemint. HT Media.
^. The Telegraph. 22 March 2005. Archived from the original on 5 April 2005.
^Chatterjee, Dev; Sahu, Ram Prasad (23 June 2021). "Heineken buys Mallya's 15% stake to take control of United Breweries". Business Standard India. Retrieved 16 June 2022.
^"Andhra Pradesh: Employees of United Breweries stage protest against termination of service". Retrieved 30 May 2023.
^"While everyone's scrapping over Vijay Mallya, Heineken moves in on United Breweries". Firstpost. 15 March 2016. Retrieved 25 September 2018.
united, breweries, group, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, needs, additional, citations, verification, please, help, improve, this, articl. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources United Breweries Group news newspapers books scholar JSTOR April 2017 Learn how and when to remove this template message This article contains content that is written like an advertisement Please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view April 2017 Learn how and when to remove this template message Learn how and when to remove this template message United Breweries Holdings Limited UBHL also called UB Group is the Indian subsidiary of Heineken N V Is headquartered in UB City Bangalore Karnataka Its core business includes beverages and investments in various sectors The company markets beer under the Kingfisher brand and owns various other brands of alcoholic beverages United Breweries is India s largest producer of beer 3 United Breweries LimitedUB City headquarters in BangaloreCompany typePrivateIndustryConglomerateFounded1857 167 years ago 1857 HeadquartersUB City Bangalore Karnataka IndiaArea servedWorldwideKey peopleVivek Gupta MD amp CEO ProductsFertilizer engineering aviation alcoholic beveragesBrandsKingfisherLondon PilsnerRevenue 7 549 crore US 950 million 2023 1 Operating income 403 crore US 50 million 2023 Net income 304 crore US 38 million 2023 Total assets 6 280 crore US 790 million 2023 Total equity 3 965 crore US 500 million 2023 OwnerHeinekenNumber of employees50 000 2017 2 SubsidiariesMangalore Chemicals amp Fertilizers UB Overseas Limited Kingfisher Training and Aviation Services Ltd UB Infrastructure Projects Ltd United Breweries Of America Inc UB International Trading Ltd UB Electronic Instruments Ltd Kingfisher Finvest India Ltd Websitewww wbr unitedbreweries wbr comUnited Breweries now has greater than a 40 share of the Indian brewing market with 79 distilleries and bottling units around the world In 2005 UB financed a takeover of the spirits business of the rival Shaw Wallace company giving it a majority share of India s spirits business 4 The group no longer owns the Mendocino Brewing Company in the United States Contents 1 History 2 The logo 3 Subsidiaries 3 1 Defunct subsidiaries 4 See also 5 References 6 External linksHistory editThe UB Group was founded by a Scotsman Thomas Leishman in 1915 when he brought together Castle Brewery and Nilgiris Breweries 1857 Bangalore Brewing Co 1885 British Brewing Corp 1903 and BBB Brewery Co Ltd 1913 The Group took its initial lessons in manufacturing beer from South India based British Breweries At 22 Vittal Mallya was elected as the company s first Indian director in 1947 After a year he replaced R G N Price as the company s chairman United Breweries made its initial impact by manufacturing bulk beer for the British troops before independence which was transported in huge barrels or Hogsheads Kingfisher the Group s most visible and profitable brand made a modest entry in the sixties The company expanded greatly during the 1950s and 60s by acquiring other breweries First was the addition of McDowell as one of the Group subsidiaries This move helped United Breweries to extend its portfolio to the wines and spirits business As a strategical measure the Group moved into agro based industries and medicines The former is marked by Mallya acquiring Kissan Products A long term relationship with Hoechst AG of Germany was also established resulting in the creation of an Indian pharmaceutical company Aventis Pharma Currently the Indian subsidiary of the global pharmaceuticals major Sanofi Aventis UB Group had a relationship with United Spirits Limited now majority owned 54 8 by Diageo The conglomerate was headed by Vijay Mallya who left India on 2 March 2016 allegedly to escape legal action by Indian banks to whom he owed an estimated 9 000 crore US 1 1 billion in loans In June 2021 Heineken N V bought out Mallya s 15 stake in United Breweries Limited for 5 825 crores US 730 million from the Debt Recovery Tribunal With this Heineken s stake in the company increased to 61 5 taking control of United Breweries 5 In May 2023 employees terminated from service at the United Breweries factory located near Ranasthalam Srikakulam on account of reduced orders staged protest 6 The logo edit nbsp A Kingfisher beer advertisement in GoaThe Pegasus which is the symbol of the United Breweries first found its place as the Group logo in 1941 citation needed Then the Helladic horse associated with beer and nectar in Greek mythology carried a beer cask between the wings ostensibly because beer formed the core operations of the Group Later the beer cask was removed to represent the Group s multifaceted operations Subsidiaries editUnited Breweries Limited the UB Group s brewing entity which has undisputed market leadership with a national market share in excess of 50 The UB Group today controls 60 of the total manufacturing capacity for beer in India United Breweries is controlled by Heineken N V which owns a majority stake in the company 7 UB Engineering the group s engineering business arm It undertakes engineering procurement and construction projects infrastructure on site fabrication of structures installation testing and commissioning of electrical and mechanical equipment piping for large industrial projects The company was initially established as Western India Erectors in 1963 and came under the UB Group in 1988 UBICS providing IT consulting body shopping services and professional IT products to business companies Defunct subsidiaries edit Kingfisher Airlines UB Group launched Kingfisher Airlines an airline in India whose operation was halted after problems in 2014 that led to its licence being revoked by the DGCA 8 See also editUnited Spirits Kingfisher AirlinesReferences edit United Brewery Ltd The Economic Times The Times Group Corporate profile About us Essar Essar Group 23 June 2010 Archived from the original on 10 August 2013 Retrieved 11 July 2013 Gupta Soumya 26 December 2017 Kingfisher s market share drops as foreign beer brands gain ground livemint HT Media Mallya bottles Shaw Wallace The Telegraph 22 March 2005 Archived from the original on 5 April 2005 Chatterjee Dev Sahu Ram Prasad 23 June 2021 Heineken buys Mallya s 15 stake to take control of United Breweries Business Standard India Retrieved 16 June 2022 Andhra Pradesh Employees of United Breweries stage protest against termination of service Retrieved 30 May 2023 While everyone s scrapping over Vijay Mallya Heineken moves in on United Breweries Firstpost 15 March 2016 Retrieved 25 September 2018 economic express External links editOfficial website Retrieved from https en wikipedia org w index php title United Breweries Group amp oldid 1218193169, wikipedia, wiki, book, books, library,
