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Sunday, January 19, 2025

Iyer Idli: Met man who quit high-paying job to sell over 50,000 idlis monthly

Krishnan Mahadevan left his investment bank position to open Iyer Idli, a modest Bengaluru store serving steaming idlis. Despite its tiny size, the shop sells over 50,000 idlis monthly and prioritizes quality, freshness, cleanliness, and taste. Krishnan and his mother managed after his father’s death.

Many people are born with varied ambitions, but few can achieve them by taking risks. Imagine a lucrative job at Goldman Sachs, one of the world’s largest and oldest financial banks. Krishnan Mahadevan left his high-paying investment banking career to open Iyer Idli in Vigyan Nagar, Bengaluru.

In 2001, his father founded Iyer Idli, a hot idli restaurant, and Krishnan Mahadevan resigned his job to run it. The business has been popular with all ages for 20 years.

For nearly 19 years, his father sold solely idlis with coconut chutney. Iyer Idli’s distinctive, fluffy, and soft idlis are still popular despite the many adjacent restaurants. Due to its high-quality food, Iyer Idli has kept prices low in a 20-by-10-foot business. The shop sells about 50,000 idlis monthly.

Without ostentation, quality, freshness, cleanliness, and flavor are the sole priorities. Krishnan now serves Vada, Kesari Bhaat, and Khara Bhaat. Krishnan and his mother Uma ran the shop after his father died in 2009. Krishnan continued to work at a shop and go to college after getting a job.

Conclusion

After quitting his job as an investment banker, Krishnan Mahadevan opened Iyer Idli, a modest hot idli store in Vigyan Nagar, Bengaluru. The shop remains high-quality and affordable after over 19 years of popularity. Over 50,000 idlis are sold monthly, and the business now serves Vada, Kesari Bhaat, and Khara Bhaat. He and his mother Uma ran the shop after his father’s 2009 death. Sri Krishnan’s entrepreneurship inspires others.

Sunil Pandey
Sunil Pandey
The business professional who loves penning down his thoughts/ insights on business, entrepreneurship, & startups. His ability to break down complex business concepts into easy & concise write-ups makes him a wonderful author. He believes that writing is a powerful tool for communication and education.

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