MAM
Royal Enfield CEO Vinod Dasari moves on, B Govindarajan new ED
Mumbai: Eicher Motors has announced that Royal Enfield chief executive officer Vinod K Dasari has stepped down from the company. Dasari has also resigned as executive director of the board of Eicher Motors. The resignation will come into effect from 13 August. Dasari will be succeeded by B Govindarajan, who has been the chief operating officer of Royal Enfield since 2013.
Dasari’s decision to move on is to dedicate time and energy to pursue his passion and ambition in affordable healthcare. He recently set up and inaugurated a not-for-profit hospital in Chennai. “It has been a very memorable ride over the last two years and more at Royal Enfield. I have decided to move on, so I can dedicatedly follow a personal passion that has been close to me for many years now,” said Dasari.
Prior to joining Royal Enfield in April 2019, Dasari was the CEO and managing director of Ashok Leyland, a position he held since 2011. He had joined Ashok Leyland as CEO in 2005.
“Vinod has made significant contributions to the organisation,” said Eicher Motors MD, Siddhartha Lal. “Right from his unwavering focus on customer-facing digital properties, to driving network expansion, to building several new services and solutions-oriented initiatives, he has helped the company take giant steps forward. He also very ably led the company through tough and unprecedented times over the last year and a half.”
B Govindarajan, who has spent more than 23 years across Royal Enfield and Eicher Motors, will be inducted as a whole time director on the board of Eicher Motors and will take charge as executive director of Royal Enfield from 18 August, the company said.
“Govind brings on board an astute understanding of the industry, with strong technical know-how, combined with a sharp strategic outlook and operational excellence,” Siddhartha Lal stated. “He has led several turnkey projects for Royal Enfield and has been instrumental in growing and expanding our manufacturing facilities, in bringing a paradigm shift in our product quality, delivery and development process, and in setting up our two state-of-the-art technology centres in India and the UK.”
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.
