MAM
Canon India’s EVP Alok Bharadwaj moves to Singapore
NEW DELHI: Canon India’s EVP Alok Bharadwaj will be moving on an international assignment to Canon Singapore, which is the headquarters of its south east & south Asia business operations effective 1 January 2015.
Canon India will have no direct successor to the position of EVP. The president and CEO of the company will continue to head India business operations.
Bharadwaj will be heading the Corporate Strategy Group and will be responsible for strategic business planning and execution as well as corporate communications for Canon’s south east & south Asian regional operations.
He will also be overseeing business development in emerging Asian markets in this region. In his new role, he will be reporting to Canon’s south east & south Asia Operations president and CEO Kensaku Konishi.
Canon India president and CEO Kazutada Kobayashi said, “I wish to take this opportunity to express my deep appreciation for the significant contribution made by Bharadwaj for Canon India. His indomitable spirit has helped shape Canon’s image in India and improved our market leadership, while setting industry benchmarks at the same time. We are a global company and believe strongly in leadership development with international roles. We wish him the very best for his new assignment in Singapore.”
Bharadwaj commented, “It has been an incredible journey for me at Canon India which I joined in 2001. Canon has an extra ordinary magnetic culture. I have had the opportunity to build and work with an excellent team that supported me overcome numerous business challenges and in recording massive growth for Canon in India. I am truly thrilled to have been a part of this success story and am grateful to my staff, partners and customers. India experience has opened the doors for my international assignment which I am quite excited to take. I look forward to tackling newer challenges in other emerging Asian markets. It is a promising new role and I am eager to start.”
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
