An Indian craft brewer backed by Japan’s Kirin wants to overtake entrenched global brands by building a $70 million beer factory and raising fresh funds ahead of a public listing in 2026.
B9 Beverages is building a new brewing facility in the north Indian state of Uttar Pradesh, which, once completed, will become India’s biggest beer factory and expand production, founder and Chief Executive Ankur Jain said in an interview. The company currently leases six brewing units and sells an equivalent of 8 million cases of bear a year.

The new factory will cost between $60 million to $70 million and will have a capacity of 50 million cases, the first phase of which is expected to become operation by next summer, Jain added.

B9 overhauled its operations last year as it fights for a greater share of India’s beer market and works to turn profitable as losses have widened. Jain brought in Accenture and Boston Consulting Group last year to improve financial controls and supply chain management to generate more cash.