MAM
HostBooks appoints RD Mishra as VP (FnB) for exponential growth
Mumbai: HostBooks – a SaaS-based and one of the fastest-growing accounting platforms is moving on an expansion spree in the FnB industry with the recent appointment of RD Misjra as the vice president – Of fnB business from January 2024. With his appointment, HostBooks aims to revolutionise its growth strategy, strengthen its leadership position, and acquire a significant market share across FnB markets.
With over 33 years of profound experience in the FnB industry across the gamut of Sales, Operations, Marketing, and Communications, Mishra is set to take charge of the new Development in the products, and Leadership delivery at HostBooks. His experience in leading and building excelling business strategies will facilitate the platform’s profitable growth trajectory and fortify its presence in the HORECA industry with new excellence.
Commenting on R D Mishra’s appointment, HostBooks founders Kapil Rana & Biswajit Mishra said, “We’re excited to have RD Mishra in our team. His impressive track record in overseeing diverse operations across multiple globally renowned companies in the FnB industry will bring a spark to our products. The domain knowledge and network he brings to the forum will enable us to solidify our position as the leader in the automation software space of the FnB industry.”
Delighted with the appointment, HostBooks global business head & Sr. director Dr Livingston said, “It is a wonderful opportunity to be a part of HostBooks that is taking charge of streamlining the automation requirement of the industries. Given my background in end-to-end process streamlining in the FnB industry, I look forward to contributing to the company’s ongoing success and propelling it to accelerate business efficiency.”
We’re thrilled to welcome R D Mishra, a seasoned professional in the Food and Beverage software and service industry, to HostBooks. With his wealth of experience, industry insights, and strategic acumen, Mr. Mishra is a valuable addition to our team. We’re confident that his presence will contribute significantly to our growth and success, aligning seamlessly with our commitment to delivering cutting-edge solutions and exceptional services, said BOD – CSO and Advisors Abhijit Dutta.
I’m excited to collaborate with HostBooks’ talented team to develop a robust product for the FnB market, addressing their pain points. Confident in delivering exceptional value, I believe we’ll successfully implement solutions for both existing and new clients.” he adds.
Before joining HostBooks, Mishra, former CIO at Om Sweets, played a pivotal role in building the business, leading product development, automation, and optimizing operations. With over a decade at Haldirams as AGM IT, he blended strategic thinking to foster excellence in execution.
As a premium automated business solution that revolutionises the business operations of SMEs, HostBooks is poised to become a pioneer in this highly competitive space, delivering excellence in execution to its diverse clientele both global and domestic.
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.
