Maiyas Beverages and Foods
| Company type | Joint-stock company |
|---|---|
| Industry | Food |
| Founded | 2012 in Bangalore, India |
| Founder | Sadananda Maiya |
| Headquarters | Bangalore , India |
| Products | Food and packaged foods |
| Owner | Akashika Foods |
| Website | www |
Maiyas Beverages and Foods (or Maiyas) is an Indian packaged food company[1] operating chiefly in Bangalore.[2][3][4][5]
History
The company was started by Sadananda Maiya in 2012.[1][6] Sadananda Maiya's father Parampalli Yagnanarayana Maiya started Mavalli Tiffin Room (MTR) in 1924. Sadananda Maiya started MTR Foods in 1976, the packaged foods division of MTR, his second entrepreneurial venture.[1]
Peepul Capital and Ascent Capital held 30 percent stake each in the company, while the Maiya family held the remaining 40.[2] In 2019, the company filed for bankruptcy after defaulting on payments and in a court court supervised restructuring[7] was taken over by Akashika Foods, a company promoted by Sadananda Maiya.[8][9]
Restaurant
Maiyas operates a South Indian restaurant in Jayanagar, Bangalore.[10]
References
- ^ a b c "Maiyas Beverages And Foods: One Bite At A Time". Forbes India. India. Archived from the original on 24 January 2021. Retrieved 17 September 2021.
- ^ a b Madhukar, Jayanthi (12 May 2019). "Coming back to life". Bangalore Mirror. Bangalore: Bangalore Mirror. Archived from the original on 4 June 2024. Retrieved 17 September 2021.
- ^ Tejaswi, Mini (16 May 2019). "Maiyas goes for full restructuring". The Hindu. India. Archived from the original on 8 November 2020. Retrieved 17 September 2021.
- ^ "Sadananda Maiya's Maiyas brand takes on his other creation - MTR Foods". Business Today. India: Business Today. 19 February 2014. Archived from the original on 17 September 2021. Retrieved 17 September 2021.
- ^ Sudeep, Theres (9 June 2020). "Restaurants cry foul". Deccan Herald. Archived from the original on 6 August 2020. Retrieved 26 November 2022.
- ^ "Maiyas Foods gears up to ride sharp growth curve". Business Standard. Retrieved 16 May 2023.
- ^ Wan, Wai Yee (28 July 2022). Court-Supervised Restructuring of Large Distressed Companies in Asia: Law and Policy. Bloomsbury Publishing. p. 299. ISBN 978-1-5099-5235-9.
- ^ "Akashika Foods to take over Maiyas Beverages & Foods". The Economic Times. 14 May 2019. Retrieved 16 May 2023.
- ^ "Sadananda Maiya-backed firm set to take over Maiyas Beverages". VCCircle. Retrieved 16 May 2023.
- ^ GS Kumar (11 August 2013). "Mouth-wateringly Maiyas". The Times of India. India. Archived from the original on 3 March 2017. Retrieved 17 September 2021.