Fortune India 500 2025 edition
Rank#220- Total income
- ₹12,315 Cr
- Profit
- ₹1,582 Cr
Last year #212
United Spirits Limited - food and beverages in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Active Listed - NSE: MCDOWELL-N · BSE: 532432 Public Limited Company food and beverages Fortune India 500 · #220 Fortune MNC 500 · #68 Nifty 500
Revenue · FY 2026
₹28,294 Cr
▲ 2% YoY
Net profit · FY 2026
₹1,709 Cr
Net margin 6%
EBITDA · FY 2026
₹2,666 Cr
EBITDA margin 9.4%
Authorised capital
₹739.2 Cr
Registered with MCA
Paid-up capital
₹145.47 Cr
Issued & subscribed
Open charges
₹1,403.31 Cr
Satisfied ₹25,811 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
1,876
Provident fund records
About United Spirits Limited
Data last updated:
United Spirits Limited is a public limited company based in Bangalore, Karnataka, India, a subsidiary of Diageo Relay B V. It operates in the alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 31 March 1999 and has been in existence for over 27 years.
United Spirits is ranked #220 on the Fortune India 500 (2025) and #68 on the Fortune MNC 500 India (2026). It is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L01551KA1999PLC024991. Its GSTIN is 29AACCM8043J1Z6 (Karnataka). The company holds 37 GST registrations, of which 24 are active. Its shares are listed on BSE: 532432 and NSE: MCDOWELL-N.
The company has an authorised share capital of ₹739.2 Cr and a paid-up capital of ₹145.47 Cr. It was formerly known as Mcdowell and Company Limited. It is led by directors including Praveen Someshwar (Managing Director) and Pradeep Jain (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 'Ub Tower' # 24 Vittal Mallya Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2026, the company reported a revenue of ₹28,294 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹1,709 Cr (net margin 6%) and EBITDA of ₹2,666 Cr (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 1% over five years.
The company has about 1,876 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: United Spirits and Diageo India. As per MCA filings, the company has open charges of ₹1,403.31 Cr and satisfied charges of ₹25,811 Cr on record. Court records list 1,094 cases involving the company, including 675 filed by the company and 423 filed against it; 413 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website diageoindia.com.
Company details
CIN L01551KA1999PLC024991
Registration Number 024991
Incorporation Date 31 March 1999
ROC Bangalore
Listing Status Listed (BSE: 532432, NSE: MCDOWELL-N)
Company Status Active
Date of Last AGM 29 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Diageo Relay B V
Compliance Status Active Compliant
Key People
Praveen Someshwar Managing Director Pradeep Jain Whole-Time Director Vegulaparanan Kasi Viswanathan Director Recognitions & Rankings of United Spirits
Fortune MNC 500 India 2026 edition
Rank#68- Total income
- ₹12,315 Cr
- Profit
- ₹1,582 Cr
Last year #70
Stock market indices
Nifty 500 BSE 500
Contact details
United Spirits Limited's registered office is in Bangalore, Karnataka. Its website is diageoindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address'Ub Tower' # 24 Vittal Mallya Road, Bangalore, Karnataka, India – 560001
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
To see the full contact details of United Spirits Limited, buy the company report.
Comprehensive company report
United Spirits Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
United Spirits operates two associated brands: United Spirits and Diageo India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Brand of multi category food products | unitedspirits.in | |
| Multi-category alcoholic beverages are produced and distributed by Diageo India. | diageoindia.com |
Financials of United Spirits Limited
FY 2025 filings availableUnited Spirits Limited reported revenue of ₹28,294 Cr (up 2% YoY) for FY 2026.
Revenue · FY 2026
₹28,294 Cr ▲ 2%
Net profit · FY 2026
₹1,709 Cr margin 6%
EBITDA · FY 2026
₹2,666 Cr margin 9.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 17%
5 years · compounded
▲ 21%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 2% growth in the latest year. EBITDA rose 6% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2,666 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1,709 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.4% | ||||
| Net Profit Margin | 6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of United Spirits Limited, buy the company report.
Board of directors of United Spirits Limited
United Spirits has 11 current directors and 37 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vegulaparanan Kasi Viswanathan | Director | 17 Oct 2016 | 10 Years 0 Months | Current |
| Mark Dominic Sandys | Director | 01 Apr 2022 | 4 Years 6 Months | Current |
| Pradeep Jain | Whole-Time Director | 01 Feb 2023 | 3 Years 8 Months | Current |
| Narayan Keelveedhi Seshadri Also directs: Tranzmute Business Advisory LLP, Lindner Properties Limited Liability Partnership, Shivash Business Advisory LLP and 5 more | Additional Director | 09 Oct 2025 | 1 Years 0 Months | Current |
| Praveen Someshwar Also directs: International Spirits and Wines Association of India | Managing Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Amrita Gangotra Also directs: Max Healthcare Institute Limited, Ityukt Digital Solutions LLP, Triveni Turbine Limited and 5 more | Director | 01 Sep 2024 | 2 Years 1 Months | Current |
Showing 6 of 11 current directors. View all directors
Auditor
United Spirits Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2023 | 304026E/E-300009 |
Shareholding
The shareholding of United Spirits Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of United Spirits Limited, buy the company report.
Charges & borrowings
Open charges
₹1,403.31 Cr
Satisfied charges
₹25,811 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jun 2010 | 10229539 | Others | ₹1,284.46 Cr | Open | |
| 27 May 2005 | 90353730 | Mbl Investments Ltd. | ₹43.2 Cr | Open | |
| 27 May 2005 | 90370870 | Mbi Investment Ltd. | ₹75 Cr | Open | |
| 01 Feb 1999 | 90229431 | State Bank of Patiala | ₹65 Lakh | Open | |
| 23 Dec 2015 | 10613537 | The Hongkong and Shanghai Banking Corporation Limited | ₹325 Cr | Satisfied |
To see the full charge records of United Spirits Limited, buy the company report.
Total charge records: 114 View all charges
Legal cases
United Spirits Limited has 1,094 court cases on record: 675 filed by United Spirits, 423 filed against it. 413 cases are pending and 681 are disposed.
Total cases
1,094
Filed by the company
675
Filed against the company
423
Pending
413
Disposed
681
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 630 | 220 | 210 |
| District courts | 408 | 171 | 192 |
| Supreme Court | 54 | 32 | 11 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 1,094)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed against the company by M/S. United Spirits Ltd., Bangalore Swarup Ranjan Singhsamant, P.R.Patnaik, S.R.Das, S.Moharana | Pending |
| High Court | Appeal | Filed against the company by Official Liquidator of M/S United Breweries (Holdings) Ltd in Liqn., | Pending |
| High Court, PUNJAB | Revision petition | Filed against the company by Pernod Ricard India Pvt. Ltd. | Pending |
| High Court, KARNATAKA | Writ petition | Filed against the company by M/S Khodays Breweries Ltd | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against Officer-In-Charge (Excise), M/S. United Spirits Ltd. and 4 others | Pending |
To see the full case history of United Spirits Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
United Spirits Limited has 28 MSME Form 1 returns on record between 2015 and 2023, listing 16,653 overdue payments to 682 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 682)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Agrini Export Private Limited | |||
| Kandg Packaging Private Limited | |||
| Prompt Packaging Pvt.Ltd. |
To see the full MSME payment records of United Spirits Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
United Spirits has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Royal Challengers Sports Private Limited | U92400KA2008PTC045565 |
To see the full group structure of United Spirits Limited, buy the company report.
Employees & EPFO
United Spirits Limited has a workforce of 1,876 employees on its EPFO records as of Jul 04, 2024, across 5 active EPFO establishments.
Employee count
1,876
Active EPFO establishments
5
Employee growth
0.37%
GST
United Spirits has 37 GST registrations: 24 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
37
Active
24
Cancelled / inactive
13
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCM8043J1Z6 | Karnataka | Active | 01 Jul 2017 |
| 29AACCM8043J2Z5 | Karnataka | Active | 01 Sep 2017 |
| 02AACCM8043J2ZL | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AACCM8043J1ZK | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of United Spirits Limited, buy the company report.
Recent activity
United Spirits Limited has 82 board changes on record since 2000: 47 appointments and 35 cessations. The latest: Vinod Rao was appointed as Additional Director on 13 Jun 2026.
Appointed
Vinod Rao was appointed as Additional Director.
Appointed
Julie Bramham was appointed as Director.
Appointed
Narayan Keelveedhi Seshadri was appointed as Additional Director.
Appointed
Pragya Kaul was appointed as Company Secretary.
Ceased
Mital Arvind Sanghvi ceased to be Company Secretary.
AGM
United Spirits Limited last Annual general meeting of members was held on 29 Aug 2025 as per latest MCA records.
Ceased
Hina Nagarajan ceased to be CEO.
Ceased
Mahendrakumar Sharma ceased to be Director.
Appointed
Praveen Someshwar was appointed as Managing Director.
Filing
United Spirits Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Emily Gibson Kathryn ceased to be Director.
Ceased
Mamta Sundara ceased to be Director.
349 earlier events are in the company report.
News
UNITDSPR: Rs. 20.23 Crores BSE Block Trade; for ~ 150,000 Shares, at Rs. 1349.00
UNITDSPR: Rs. 40.87 Crores BSE Block Trade; for ~ 300,028 Shares, at Rs. 1362.05
Frequently asked questions
United Spirits is an active public limited company based in Bangalore, Karnataka, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 31 March 1999 (27+ years old) and is registered under CIN L01551KA1999PLC024991. Listed on BSE: 532432 and NSE: MCDOWELL-N.
United Spirits has 11 current directors:
- Praveen Someshwar - Managing Director
- Pradeep Jain - Whole-Time Director
- Vegulaparanan Kasi Viswanathan - Director
- Mark Dominic Sandys - Director
- Narayan Keelveedhi Seshadri - Additional Director
- Amrita Gangotra - Director
- Preeti Arora - Director
- Indu Bhushan - Director
- Mukesh Hari Butani - Director
- Julie Bramham - Director
- Vinod Rao - Additional Director
The latest financial statements of United Spirits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of United Spirits is 29AACCM8043J1Z6, registered in Karnataka. The company has 37 GST registrations in all, of which 24 are active and 13 are cancelled or inactive. Other active GSTINs include 29AACCM8043J2Z5 (Karnataka), 02AACCM8043J2ZL (Himachal Pradesh), 03AACCM8043J1ZK (Punjab).
The CIN (Corporate Identification Number) of United Spirits is L01551KA1999PLC024991. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. United Spirits is listed on both BSE (code: 532432) and NSE (symbol: MCDOWELL-N).
United Spirits has 1,094 court cases on record: 675 filed by the company and 423 filed against it. 413 are pending. Most are in the high courts.
United Spirits was incorporated on 31 March 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
Vinod Rao was appointed as Additional Director on 13 Jun 2026. Julie Bramham was appointed as Director on 21 Jan 2026. Narayan Keelveedhi Seshadri was appointed as Additional Director on 09 Oct 2025. United Spirits has 82 board changes on record in total.
United Spirits has 28 MSME Form 1 returns on record between 2015 and 2023, listing 16,653 overdue payments to 682 micro and small suppliers. The latest return was filed on 27 Oct 2023.
United Spirits can be reached through the website diageoindia.com. Its registered office is in Bangalore, Karnataka, India.