Maiyas Restaurants Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 1.00 Cr
- Company Age 11 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 7.53 Cr
- Satisfied Charges ₹ 10.85 Cr
- Revenue Growth -16.72%
- Profit Growth 9.02%
- Ebitda -9.86%
- Net Worth 0.83%
- Total Assets 69.87%
About Maiyas Restaurants
Maiyas Restaurants Private Limited (MRPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 26 March 2014 and has a history of 11 years and one month. Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Maiyas Restaurnts Private Limited. The Company is engaged in the Travel And Hospitality Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 1.00 Cr.
The company currently has active open charges totaling ₹7.53 Cr. The company has closed loans amounting to ₹10.85 Cr, as per Ministry of Corporate Affairs (MCA) records.
Parampalli Maiya and Sudarshan Maiya serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U15500KA2014PTC074445
- Company No.
074445
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
26 Mar 2014
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Travel and Hospitality
What products or services does Maiyas Restaurants Private Limited offer?
Maiyas Restaurants Private Limited offers a wide range of products and services, including Indian Sweets & Desserts, Soan Papdi.
Maiyas Restaurants Private Limited
Explore comprehensive data for Maiyas Restaurants Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Maiyas Restaurants?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Parampalli Maiya  | Director | 26-Mar-2014 | Current |
| Sudarshan Maiya | Director | 01-Jun-2018 | Current |
Financial Performance of Maiyas Restaurants.
Maiyas Restaurants Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 16.72% decrease. The company also saw a slight improvement in profitability, with a 9.02% increase in profit. The company's net worth moved up by a moderate rise of 0.83%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Maiyas Restaurants?
In 2023, Maiyas Restaurants had a promoter holding of 99.90% and a public holding of 0.10%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹7.53 Cr
Satisfied Charges
₹10.85 Cr
Charges Breakdown by Lending Institutions
- Karnataka Bank Ltd. : 4.50 Cr
- Others : 1.63 Cr
- The Karnataka Bank Limited : 1.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 May 2021 | Others | ₹8.00 M | Open |
| 17 Jun 2020 | Others | ₹8.25 M | Open |
| 04 Apr 2020 | Karnataka Bank Ltd. | ₹4.50 Cr | Open |
| 07 Jan 2015 | The Karnataka Bank Limited | ₹1.40 Cr | Open |
| 03 Feb 2021 | Others | ₹4.00 M | Satisfied |
How Many Employees Work at Maiyas Restaurants?
Maiyas Restaurants has a workforce of 202 employees as of Mar 30, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Maiyas Restaurants, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Maiyas Restaurants's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Maiyas Restaurants
Recent activity within the organization
- Charges
A charge registered on 03 Feb 2021 via Charge ID 100415568 with Others was fully satisfied on 15 Feb 2024.
- Charges
A charge registered on 03 Jul 2020 via Charge ID 100371352 with Others was fully satisfied on 15 Feb 2024.
- Charges
A charge registered on 07 Jan 2015 via Charge ID 10544206 with The Karnataka Bank Limited was fully satisfied on 15 Feb 2024.
- Charges
A charge registered on 18 Jul 2014 via Charge ID 10513593 with Others was fully satisfied on 15 Feb 2024.
- Annual General Meeting
Maiyas Restaurants Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Maiyas Restaurants Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Recent News, Updates & Announcement
Akashika Foods to take over Maiyas Beverages & Foods.The Tribunal has passed an order to this effect going by the recommendation of the Committee of Creditors (CoC) and interim resolution professional (IRP) Ashish Kanodia. .
- Sadananda Maiya to help Akashika Foods as mentor.
Akashika Foods, a Bengaluru-based food company, has taken over the South Indian packaged food brand Maiyas as per a resolution order passed by NCLT..
- MTR Foods' Accusations Against Maiyas Beverages and Foods Rejected by NCLT; Maiyas Founder Faces Allegations of Illegal Brand Rights Transfer to Maiyas Restaurants.
When MTR Foods accused Maiyas Beverages and Foods of selling their restaurants subsidiary for less than it was worth, NCLT said no. MTR also said Maiyas founder illegally gave rights to Maiyas brand to Maiyas Restaurants. MTR bid for Maiyas but lost to Akashika Foods, a company formed by Maiyas employees and backed by Sadananda Maiya. Maiyas had to cut back due to lack of funds and had to go to tribunal because of issues with PE firms..
- Akashika Foods selected to revive Maiyas.
Sadananda Maiya-backed Akashika Foods has been selected by the National Company Law Tribunal’s resolution professional to resurrect the beleaguered Maiyas Beverages and Foods, sources told TOI..
- Sanjiv Goenka, Haldiram, MTR show interest in Maiyas.
The interest of MTR to resurrect Maiyas is a cruel twist of fate considering it was a brand that was owned by the latter and sold off to Norwegian food company Orkla in 2007..
Frequently asked questions
What is the Incorporation or founding date of Maiyas Restaurants Private Limited?
Maiyas Restaurants Private Limited was incorporated on 26 Mar 2014.
What is authorized share capital and paid-up capital of Maiyas Restaurants Private Limited?
The authorized share capital of Maiyas Restaurants Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 1.00 Cr.
Who are the current board members & directors of Maiyas Restaurants Private Limited?
Currently 2 directors are associated with Maiyas Restaurants Private Limited.
- Parampalli Sadananda Maiya
- Sudarshan P Maiya
What is the registered address of Maiyas Restaurants Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Maiyas Restaurants Private Limited is 53 7Th B Main, 30Th Cross 4Th Block Jayanagar India, Bangalore, Karnataka, 560011.
What is the corporate identification number (CIN) and company number of Maiyas Restaurants Private Limited?
The corporate identification number (CIN) of Maiyas Restaurants Private Limited is U15500KA2014PTC074445 and the company number is 074445 as per Ministry of Corporate Affairs (MCA).
What is the official website of Maiyas Restaurants Private Limited?
The Official website of Maiyas Restaurants Private Limited is https://www.maiyas.in
What has been the recent revenue trend for Maiyas Restaurants Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Maiyas Restaurants Private Limited has fallen by -16.72%.
How many employees does Maiyas Restaurants Private Limited currently have?
As Per 2023 financial reports, 202 employees are currently employed by Maiyas Restaurants Private Limited.
What change has been observed in the net worth of Maiyas Restaurants Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Maiyas Restaurants Private Limited has experienced an upsurge of 0.83%.
What are the total open charges for Maiyas Restaurants Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Maiyas Restaurants Private Limited amount to ₹ 7.53 Cr.
When was the last Balance Sheet of Maiyas Restaurants Private Limited filed with the ROC?
The most recent Balance Sheet for Maiyas Restaurants Private Limited was filed with the ROC on 31 Mar 2023.
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