MAM
Shipsy onboards Mohamed Reza as VP-head of marketing
Mumbai: Supply chain and logistics management platform Shipsy has brought on board Mohamed Reza as vice president – head of marketing. This development comes when the company is rolling out aggressive expansion plans and strengthening its foothold in the global supply chain and logistics market.
In his new role, Reza will be responsible for the marketing function with an extended focus on building Shipsy’s presence in newer regions, primarily the Middle East, which holds the company’s RHQ and eventually to other geographies, said the statement.
Reza was previously associated with MetricStream for ten years, where he headed essential portfolios of the director of strategic initiatives and the head of marketing for Europe. He also worked with Microsoft for more than four years.
“Going forward, we need a strong suite of leaders to drive our business at a global stage,” said Shipsy CEO & co-founder, Soham Chokshi. “We are certain that the recent hirings and elevations will bring a mix of the domain-expertise and fresh outlook, needed to assist our efforts in achieving our growth objectives.”
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.
