Bira 91 founder exits as lender-backed restructuring leaves employee dues unresolved
Ankur Jain has exited B9 Beverages under a lender settlement as Bira 91 pursues fresh capital and professional management. Former employees allege unpaid salaries, PF and tax dues of about ₹100 crore after production disruptions and widening FY24 losses.
Bira 91 founder Ankur Jain exited B9 Beverages under a lender settlement, but former staff say unpaid salaries, PF and tax dues remain unresolved. The cash-strapped brewer seeks fresh capital and professional management after production pauses, steep FY24 losses and creditor action.
Why this matters
The exit follows recent signals that Jain left Bira 91’s board and surrendered a 17.8% promoter stake in a debt settlement, indicating a broader shift to lender-backed control and professional management.
Leadership is steady at 830 signals in 90 days; no QoQ figure is provided.