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Sri Krishna Sweets was established as a restaurant in 1948
in Coimbatore. Its founder was N. K. Mahadeva Iyer who wanted to produce "pure ghee sweets" at home and market them. In 1972, he opened a separate sweet shop at R. S. Puram to retail sweets. As the sweet shop did good business, other branches were opened in different parts of Coimbatore in 1991. In 1996, the company expanded its operations to Chennai and other cities in South India. As of 2010, it has 60 retail outlets across India and three in the United Arab Emirates. It also started serving snacks in its sweet shop and has started providing lunch to customers from 2006. The company is currently managed by Mahadeva Iyer's sons - M. Murali and M. Krishnan.