Bira 91
A glass supplier's ₹11.77 crore insolvency notice adds pressure (Inc42, 31 Aug).
What it means Suppliers and investors face a restart only after dues are settled.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: Bira 91’s fresh IBC notice over ₹11.77 crore in bottle-supplier dues threatens packaging continuity and adds urgency to securing working capital for an operational restart.Reported: Glass supplier HNGIL has issued an IBC default notice to Bira 91 parent B9 Beverages over dues tied to 51 lakh unlifted customised bottles. Bira 91 faces fresh insolvency threat over ₹11.77 crore vendor dues.Watch:
- Reported: Bira 91’s lender-led reset makes restoring production, clearing employee and vendor dues, and rebuilding operational credibility the immediate priorities.Reported: The lender has assumed control of Ankur Jain and family’s stake in Bira 91, setting up a lender-led restructuring. The debt-laden brewer is expected to pursue recapitalisation, settle employee, statutory and vendor dues, and restart suspended production.Watch:
Background
From 7 stories, the newest dated 8 Oct 2026. Summary written 11 Oct 2026.
Show 3 paragraphs and 7 sources
Bira 91 is an Indian craft beer brand whose parent company is B9 Beverages.[1] source: Business Standard It was founded by Ankur Jain.[2] source: Business Standard Bira 91 raised more than $200 million, and its FY23 annual revenue exceeded $100 million.[3] source: Inc42 FY24 revenue from operations was Rs 554.8 crore, a drop of 31.5 per cent.[2] source: Business Standard Jain said Bira91 operations have been paused since Q3FY26.[2] source: Business Standard
In July 2026, Anicut Capital took over Jain's pledged 17.8% stake and was set to nominate three board members, leading a restructuring of B9 Beverages, which has about ₹1,000 crore in debt and liabilities.[4] source: ET Small Business In August 2026, glass maker HNGIL served B9 Beverages an IBC default notice for ₹11.77 crore over unlifted customised bottles, giving it 10 days to pay or dispute.[5] source: Mint In September 2026, the Anicut-led board offered to buy out Kirin, Peak XV and Sofina, which collectively hold about 41.1%, as part of a revival and fresh-funding plan.[6] source: ET Small Business Liabilities were put at ₹1,000-₹1,500 crore.[6] source: ET Small Business Employees alleged seven months of unpaid salaries.[1] source: Business Standard In October 2026, ET Small Business reported that Pernod Ricard India built inventory to avoid the supply disruption Bira 91 faced.[7] source: ET Small Business
Kirin Holdings holds 20.1%, and Ankur Jain and family held 17.8%.[6] source: ET Small Business
Sources
Questions about Bira 91
Who owns Bira 91?
Bira 91 is owned by B9 Beverages. Its shareholders include Kirin Holdings with 20.1%, plus Peak XV Partners and Sofina, and Anicut Capital took over founder Ankur Jain's pledged 17.8% stake in July 2026.[6] source: ET Small Business[5] source: Mint[4] source: ET Small Business
How fast is Bira 91 growing in India?
Bira 91's FY24 revenue from operations was Rs 554.8 crore, a drop of 31.5 per cent, and its FY24 net loss was Rs 643.5 crore, according to Business Standard.[2] source: Business Standard
What is Bira 91's current strategy in India?
In July 2026, Anicut Capital took over Bira 91 founder Ankur Jain's pledged 17.8% stake to lead a restructuring.[4] source: ET Small Business In September 2026, the Anicut-led board offered to buy out Kirin, Peak XV and Sofina as part of a revival and fresh-funding plan, while negotiating settlements with lenders and vendors.[6] source: ET Small Business
Stories that mention Bira 91
2 stories
Bira 91 is named in these stories but is not their subject.