Maiyas Beverages and Foods

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 in a court court supervised restructuring was taken over by Akashika Foods, a company promoted by Sadananda Maiya.

Restaurant

Maiyas operates a South Indian restaurant in Jayanagar, Bangalore.

  • Official website

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