Bira 91 founder Ankur Jain exits B9 Beverages after lender settlement
Jain and his family have left the brewer’s board, executive roles and 17.8% stake. B9 Beverages is pursuing a balance-sheet clean-up and fresh capital after revenue fell to about ₹600 crore in FY24 while losses exceeded ₹640 crore.
Bira 91 founder Ankur Jain and his family exited B9 Beverages’ board, executive roles and 17.8% stake after a lender settlement. The brewer aims to restructure, clear its balance sheet and raise fresh capital following steep revenue decline and widening losses.
Why this matters
The exit follows recent signals of Jain leaving amid unpaid dues and funding needs, lender-backed restructuring with unresolved employee dues, and his board exit and surrender of control.
Leadership is steady, with 833 signals recorded in the past 90 days.