McDowell Holdings Limited (formerly known as McDowell India Spirits Limited), was incorporated on March 1, 2004, with the Registrar Companies, Karnataka, under the name and style of "United Golden Beverages Limited". Later on from March 31,2004, the name was changed to McDowell India Spirits Limtied.
In terms of Composite Scheme of Arrangement, Sanctioned by the Hon'ble High Court of Karnataka, the investment business of McDowell & Company Limited (since renamed as United Spirits Limited), was demerged into the Company, with effect from the opening hours of April 1, 2005, being the Demerged Appointed Date.
As an integral part of the Scheme, the name of the Company was changed to McDowell Holdings Limited, with effect from October 17, 2006.