The Economic Times

From craft beer darling to founder's exit: Bira 91's journey ahead of a revival bid

Bira 91 founder Ankur Jain has exited the company after a settlement. This agreement allows for the company's recapitalization and operational restart. The brand faced significant financial strain and regulatory setbacks over recent years. Production had halted, and employees raised concerns about unpaid salaries. The settlement aims to revive the once-popular craft beer market leader.