The UB Group was rooted the flagship company, United Breweries Limited, (UBL) in 13th May of the year 1999 as UB Infrastructure Projects Limited and as a public limited company at Karnataka to carry out the business of infrastructure facilities and other allied activities. The erstwhile UBL was the holding company of the company and in terms of the Scheme of Arrangement, the brewing business carried on by erstwhile UBL in its various undertakings and/or units and administrative properties relating to or necessary for the aforesaid units are transferred to and now vest in the Company. UBL also referred to as the Beer Division of the UB Group. The Beer business of the company has gone on to become the undisputed 'king' in the Indian beer market. UBL boasts an impressive spread of own and contract manufacturing facilities throughout the Country. Quality Management Systems laid out along the lines of ISO 9000 are strictly adhered to, controlling quality at every stage of production, from raw materials to the end product of the company. Millennium Alcobev Pvt Ltd., (MABL), is the Joint Venture Company in which UB along with its subsidiary and Scottish & Newcastle of the UK have equal stake of 50%. UBL's flagship brand 'Kingfisher' has achieved an international recognition consistently, and has won many awards in International Beer Festivals. Kingfisher Premium Lager beer is currently available in 52 countries outside India and leads the way amongst Indian beers in the International market. The name of the company was changed from UB Infrastructure Projects Limited to UB Beer Limited in 31st July of the year 2001. Subsequently, the name was again changed to the present one as United Breweries Limited in 7th August of the year 2002. UBL and United Breweries Holdings Limited (UBHL) have entered into a Memorandum of Agreement dated 30th June of the year 2003, which governs the terms of the loan of upto Rs.17, 500 lakhs to be granted by UBL to UBHL. During the year 2004, the company had joined Reebok to market souvenirs and memorabilia, signed bottling agreements in Thailand, Lanka and Pakistan. Also in the same year of 2004, UBL had inked a manufacturing and distribution pact with Independent Liquor of New Zealand to take its flagship beer Kingfisher Premium Lager Down Under. The Company won a number of awards at the Big Bang Awards at Bangalore and AAA of I Awards at Mumbai during the year 2004-05 and also in the same year entered into definitive agreement for acquisition of the demerged brewing entity of Karnataka Breweries & Distilleries Limited, which had augmented further control over capacities in Karnataka, one of the most Profitable markets in India. The Company had acquired Chhabria's stake in Herbertsons during the year 2005 and also joined hands with Punjab Government. ABDL and MBDL were amalgamated with the company effect from 1st April of the year 2005. During the year 2005-06, the company's capacities created in Australia and New Zealand through contract agreements and further enhanced brand equity and retention. During the same year UBL had also implemented 'NAVISION' an ERP package from Microsoft Business Solutions, which has also strengthened the internal control processes. The acquisition of brewery business of KBDL in Karnataka was completed, as a wholly owned subsidiary of the company and, which has now been amalgamated with company effective from 1st April of the year 2006. In the year 2006-07, the company had launched its new range of offerings across the country. Kingfisher Strong 330ml Can was launched in Goa, Pondicherry, West Bengal and Rajasthan markets, and, Kingfisher Strong 330ml pint bottle was also launched in Goa. The 500ml King Can (Kingfisher Strong) was successfully launched in Mumbai, Maharashtra, Karnataka & Pondicherry.The Company also launched an exciting Multi Can pack to offer consumers a convenient take home pack. UBL had launched two new products in the year 2007-08, as Kingfisher Draught 500 ml can in the key markets of Maharashtra and Karnataka and Kingfisher - Non Alcoholic Beer in the alcohol prohibited markets. Innovative promotions continue in the Company's brand building effort, UBL had partnered with NDTV in the same period of 2007-08 to launch the NDTV Good times channel to reinforce the Lifestyle platform and leverage competitive advantage. As at August 2008, ICRA had assigned LBBB+ (pronounced LBBB plus) rating on the long-term scale to the long-term debt program of the United Breweries Limited. UB Group plans to invest Rs 10 billion in three years for increasing its brewing capacity by about 20%. UBL will buyback its stake from Heineken, which the latter had acquired in the group following the takeover of Scottish & Newcastle (S&N).