MAM
Networkplay appoints Ampreet Singh as CEO
MUMBAI: Gruner + Jahr (G+J) has appointed Ampreet Singh as the CEO of Networkplay with immediate effect as Networkplay founder and CEO Rammohan Sundaram exited the company by mutual agreement.
Singh will continue his current duties as Ad:Tech vice president distribution and client servicing and production director India at Networkplay in addition to his new role.
Sundaram set up Network play in 2008 and will continue to be advisor to the NetworkPlay Board and also continue to be the chairman for ad:tech India. His last day at Networkplay was 31 October.
Singh has been with Networkplay since its early days. Before becoming a co-founder of Networkplay, Singh worked with Nokia Interactive Advertising, Yahoo India, Tribal DDB in leadership positions and has expertise in the digital space. In his new role as CEO, Singh will be responsible for the overall strategy and direction of Networkplay‘s business.
Gruner+Jahr International president Torsten-Jörn Klein said, “I thank Rammohan Sundaram for his outstanding commitment and excellent work. With truly entrepreneurial spirit, he has successfully established Networkplay and turned it into India‘s fastest growing digital ad network. I wish him all the best for his personal and professional future. At the same time, I am very happy to welcome Ampreet as CEO on board. With Ampreet Singh, we have found an outstanding executive who is not only very familiar with Networkplay, but also has great expertise in the Indian digital advertising space. I am convinced that he will successfully manage the Networkplay business and its offerings across all channels and wish him good luck and every success in the challenges ahead.”
Sundaram said, “It has been my pleasure to have established and brought up Networkplay for the last four years and I leave the company today in position for a strong future. I am exiting NetworkPlay on a high as its founder CEO and managing director and passing the baton to my colleague Ampreet Singh. “
Singh said, “I have been with Networkplay from the beginning and am proud to be part of such a promising company with still further great potential ahead. Backed by G+J‘s long-term commitment to the Indian market, I look forward to the task of leading Networkplay into a bright future – across all digital channels – and with all of our great Networkplay colleagues.”
In March 2012 G+J, the publishing division of European media conglomerate Bertelsmann AG, acquired a majority stake in Networkplay, India‘s fastest growing digital ad network with presence on internet, mobile, event and DTH platforms.
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.
