Maiyas Beverages and Foods explained

Maiyas Beverages and Foods
Type:Joint-stock company
Predecessors:-->
Founded:2012 in Bangalore, India
Founder:Sadananda Maiya
Successors:-->
Hq Location City:Bangalore
Hq Location Country:India
Industry:Food
Products:Food and packaged foods
Areas Served:-->
Owner:Akashika Foods

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 was taken over by Akashika Foods, a company promoted by Sadananda Maiya.[7] [8]

Restaurant

Maiyas operates a restaurant in Jayanagar, Bangalore. Some of the available dishes are Masala Dosa, Benne Dosa, Kesari bat, Idli, Vada, Bisi Bele Bath, Mosaru Vade, and Sambar Vada.[9]

External links

Notes and References

  1. Web site: Maiyas Beverages And Foods: One Bite At A Time . 2021-09-17 . . India . 2021-01-24 . https://web.archive.org/web/20210124190151/https://www.forbesindia.com/article/southern-titans/maiyas-beverages-and-foods-one-bite-at-a-time/41599/1 . live .
  2. Web site: Jayanthi Madhukar. 12 May 2019 . Coming back to life . 2021-09-17 . Bangalore Mirror . . Bangalore.
  3. Web site: Tejaswi . Mini . 2019-05-16 . Maiyas goes for full restructuring . 2021-09-17 . . India . en-IN . 2020-11-08 . https://web.archive.org/web/20201108001721/https://www.thehindu.com/business/Industry/maiyas-goes-for-full-restructuring/article27152108.ece . live .
  4. Web site: Sadananda Maiya's Maiyas brand takes on his other creation - MTR Foods . 2021-09-17 . Business Today . 19 February 2014 . . India . 2021-09-17 . https://web.archive.org/web/20210917170912/https://www.businesstoday.in/magazine/corporate/story/sadananda-maiya-brands-compete-each-other-maiyas-mtr-foods-134162-2014-02-19 . live .
  5. News: 2020-06-09 . Restaurants cry foul . 2022-11-26 . Deccan Herald. 2020-08-06 . https://web.archive.org/web/20200806024144/https://www.deccanherald.com/metrolife/metrolife-cityscape/restaurants-cry-foul-847628.html . live . Theres . Sudeep .
  6. News: Maiyas Foods gears up to ride sharp growth curve . 16 May 2023 . Business Standard.
  7. News: Akashika Foods to take over Maiyas Beverages & Foods . 16 May 2023 . The Economic Times . 14 May 2019.
  8. News: Sadananda Maiya-backed firm set to take over Maiyas Beverages . 16 May 2023 . VCCircle.
  9. Web site: GS Kumar. 11 Aug 2013 . Mouth-wateringly Maiyas . 2021-09-17 . . India . en . 2017-03-03 . https://web.archive.org/web/20170303205211/http://timesofindia.indiatimes.com/city/bengaluru/Mouth-wateringly-Maiyas/articleshow/21754367.cms . live .