Bira 91 Seeks New Investment Amid Calls for Change, Championing 'Employee Welfare'!

Hello! Today, I'd like to discuss recent news about Bira 91, which is attracting attention from many people both domestically and internationally. 📰

Interesting developments have recently been observed at Bira 91. The news is that the company is actively pursuing new funding, prioritizing the 'welfare of the company and its employees.' Notably, last Friday, CEO Ankur Jain directly expressed this commitment on LinkedIn, drawing significant attention.

CEO's Promise: 'Employees First'

Ankur Jain CEO emphasized that employees will be given priority during the capital raising process, and the current management team is fully focused on stabilizing operations and recovering growth. This can be interpreted as a strong message, going beyond mere financial soundness, to listen to the voices of the employees who make up the company. 👏

Employees' Voices Calling for Change

However, it's even more noteworthy that this news emerges amidst escalating conflict between the company, its employees, and management. According to reports, over 250 employees have submitted a petition to the board of directors and major investors demanding leadership changes and the replacement of CEO Jain. 😮

Key grievances raised by employees reportedly include delayed salaries, unpaid dues, and management issues. It's regrettable to think about the difficult process that must have occurred for the voices of the employees, who have worked hard for the company's growth and development, to emerge in this manner. 😔

Financial Strain and the Growth Dilemma

The difficulties Bira 91 is facing are also apparent in its financial aspects. In the fiscal year ending March 2024, parent company B9 Beverages recorded sales of approximately INR 6.38 billion, but simultaneously incurred a net loss of approximately INR 7.48 billion. This loss, coupled with a sharp decline in sales, has led to an increased reliance on external capital to cover operational expenses and continue business expansion.

What's Next for Bira 91?

Amidst this complex situation, all eyes are on Bira 91's choices and future path. Will the CEO's 'employees first' promise lead to tangible changes? Can they successfully address both the employees' demands and the company's financial stability… 🤔

It would be beneficial for all of us to observe what wise decisions Bira 91 will make to regain trust and achieve sustainable growth. What are your thoughts on this news? Please feel free to share your opinions in the comments! 👇

We express our sincere gratitude for the dedication of the employees who work tirelessly for the company even in these challenging times, and we cheer for Bira 91 to overcome this crisis and move towards a brighter future. ✨