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Maiyas Beverages and Foods

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Maiyas Beverages and Foods
Company typeJoint-stock company
IndustryFood
Founded2012 in Bangalore, India
FounderSadananda Maiya
HeadquartersBangalore, India
ProductsFood and packaged foods
OwnerAkashika Foods
Websitewww.maiyas.in

Maiyas Beverages and Foods (or Maiyas) is an Indian packaged food company operating chiefly in Bangalore.

History

The company was started by Sadananda Maiya in 2012. 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.

Peepul Capital and Ascent Capital held 30 percent stake each in the company, while the Maiya family held the remaining 40. In 2019, the company filed for bankruptcy after defaulting on payments and was taken over by Akashika Foods, a company promoted by Sadananda Maiya.

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.

References

  1. ^ "Maiyas Beverages And Foods: One Bite At A Time". Forbes India. India. Archived from the original on 24 January 2021. Retrieved 17 September 2021.
  2. ^ Jayanthi Madhukar (12 May 2019). "Coming back to life". Bangalore Mirror. Bangalore: Bangalore Mirror. Retrieved 17 September 2021.
  3. 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.
  4. "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.
  5. Sudeep, Theres (9 June 2020). "Restaurants cry foul". Deccan Herald. Archived from the original on 6 August 2020. Retrieved 26 November 2022.
  6. "Maiyas Foods gears up to ride sharp growth curve". Business Standard. Retrieved 16 May 2023.
  7. "Akashika Foods to take over Maiyas Beverages & Foods". The Economic Times. 14 May 2019. Retrieved 16 May 2023.
  8. "Sadananda Maiya-backed firm set to take over Maiyas Beverages". VCCircle. Retrieved 16 May 2023.
  9. 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.

External links

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