MAM
Anand Mahindra is Forbes India Entrepreneur for the Year 2013
MUMBAI: Forbes India has been a champion of entrepreneurial capitalism, in line with the Forbes DNA defined almost a century ago in the US.
It shares the vision that over the next 10 years, India will have a never-before chance to create an entrepreneurial renaissance. It believes in the spirit of fair play. It believes that entrepreneurs need to follow the rules. And this is recognised through Forbes India Leadership Awards wherein outstanding leaders are appreciated every year.
This year, the entrepreneur of the year went to Mahindra & Mahindra chairman and managing director Anand Mahindra, who was chosen for the high honour for growing his group more than 10-fold in 10 years in several continents.
The long-list of nominees for each category was prepared by June and was judged by jury headed by ICICI Bank non-executive chairman KV Kamath. McKinsey & Co India chairman Adil Zainulbhai, Blackstone Advisors India chairman Akhil Gupta, Indian School of Business Dean Ajit Rangnekar, AZB Partners senior partner Zia Modi, and founder and group editor of Network18 Raghav Bahl brought in years of experience to the jury.
KPMG was the knowledge partners for the event, which helped with the number crunching essential for the process.
The following are the Forbes India winners for 2013:
1)Start Up for the Year
Phanindra Sama – redBus
2)Nextgen Entrepreneur for the Year
Tarang Jain – Varroc Engineering
3)Entrepreneur with Social Impact
Ranjan Sharma – IKSL
4)Conscious Capitalist Company for the year
HUL
5)Best CEO – Multinational Company
Francisco D’souza – Cognizant Technology Solutions Corp
6)Best CEO – Public Sector
Rakesh Tandon – IRCTC
7)Best CEO – Private Sector
Chanda Kochhar – ICICI Bank
8)Woman Leader for the Year
Chitra Ramkrishna – NSE
9) Lifetime Achievement Award for the Year
Brijmohan Lall Munjal – Hero MotoCorp
10)Entrepreneur for the Year
Anand Mahindra – Mahindra & Mahindra
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â 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.
