MAM
Value 360 locks in Keshav Shanbhag as CFO for upcoming public listing
MUMBAI: A company on the brink of a public listing needs a steady hand at the financial wheel enter Keshav Shanbhag, Value 360 Communications’ newly appointed as CFO. The firm prepares to make history as the first publicly listed PR company in the country, Shanbhag’s arrival signals a strategic push towards financial strength and investor confidence.
The timing couldn’t be more significant. Value 360 Communications recently closed Its pre-IPO investment round, attracting heavyweight investors including film star Huma Qureshi and is set to file its Draft Red Herring Prospectus (DRHP) for its SME IPO. In this high-stakes moment, Shanbhag will oversee financial strategy, investor relations, and corporate governance, ensuring a smooth ascent to the stock market.
With over 17 years of experience, Shanbhag isn’t new to the high-pressure world of IPOs, mergers, and turnarounds. He’s played pivotal roles at MCX, IN10 Media, and Dentsu Aegis Network, financial strategies that drove business transformations. His work at MCX, in particular, made waves when he spearheaded the company’s IPO, bagging the title of best mid-cap equity deal in the APAC region and earning himself the coveted most valuable player award.
Value 360 Communications group CEO & co-founder Kunal Kishore said, “Bringing Keshav on board as CFO marks a strategic advancement in our journey. His proven expertise in managing IPOs, M&A transactions, and driving business transformation perfectly complements our ambitious five-year growth strategy. We are confident his management will be instrumental in creating substantial value for our stakeholders as we work toward scaling our operations exponentially as we complete 20 years of operations in 2027.”
Shanbhag himself is no stranger to high-stakes financial management. Speaking about his new role, he remarked, “I’m honoured to join Value 360 Communications at such a transformative juncture in its corporate journey. The opportunity to steer the company’s financial strategy as it prepares for its public listing represents a unique challenge. I look forward to leveraging my experience in capital markets and investor relations to advance Value 360 Communications’ position as the market pioneer in integrated communications, while delivering exceptional value to our clients, stakeholders, and future shareholders.”
Value 360 Communications isn’t just preparing for an IPO it’s gearing up for exponential growth. The company’s five-year roadmap focuses on expanding operations, investing in technology, enhancing capacity, and pursuing strategic acquisitions. Its impressive client roster already features Tata Motors, Pernod Ricard, Kia Motors, Skoda, Fedex, Digi Yatra, Poco, Zupee, Mondelez, Audi India, and Easemytrip, among others.
With Shanbhag at the financial helm, the company is set to break barriers, redefine communications, and make waves on the stock market.
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.
