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

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]

References

  1. ^ 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.
  2. ^ a b 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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