MAM
Akshay Gurnani steps down as Schbang CEO, gears up for next big leap
MUMBAI: For most, Mondays mean emails, meetings, and caffeine-fuelled survival. But for Akshay Gurnani, this Monday was different-it marked the end of a decade-long journey as co-founder & CEO of Schbang and the beginning of a brand-new adventure.
“Ten years. A whole decade. A long time, yet in the larger picture of life, just a small fraction,” reflects Gurnani. “And yet, these 10 years have been nothing short of transformative.”
Gurnani co-founded Schbang at just 25 years old, fuelled by the ambition to build something from the ground up. Along with his fellow co-founders, he set out to redefine the marketing landscape and provide cutting-edge solutions to clients. Under his leadership, Schbang scaled to a 1,100+ member team across Mumbai, Bangalore, Delhi, London, and Amsterdam, servicing over 200 brands globally. His relentless commitment propelled the agency to become one of the most sought-after creative powerhouses in the industry.
From the boardroom to the brainstorming room, Gurnani’s leadership has been marked by resilience, innovation, and the sheer audacity to push creative boundaries. Schbang executed award-winning campaigns for Pidilite, Perfetti, Godrej Consumer Products, Tata Consumer, L’Oréal Group, Finolex Pipes, Ashok Leyland, Crompton, Castrol, Baskin Robbins, Philips, and more. Beyond building a successful agency, he fostered a community—mentors, teammates, industry peers, and clients who became friends.
“More than anything, Schbang has been about the people, the culture. The teammates who turned into family. The mentors I looked up to. The clients who became partners (many now good friends) and believed in us. Each one of you has left a mark, and for that, I am eternally grateful.”
While one chapter closes, another unfolds. Gurnani isn’t slowing down—he’s simply switching lanes. His next phase will focus on business transformation, mentoring startups, investing in game-changing ideas, and empowering young students. He aims to help brands and agencies on a hyper-growth trajectory in India and the UAE, leveraging his expertise in digital marketing, AI, media, and technology.
“As business landscapes evolve and consumer behaviours shift, client needs are changing rapidly. My focus is on eliminating redundancies and prioritising services that deliver business value,” he shares. “Digital transformation isn’t just about technology—it requires a deep understanding of a client’s business and a partnership-driven approach to drive meaningful change.”
Having worked with Fortune 500 brands, Gurnani has developed a keen eye for identifying inflection points where inefficiencies arise. His goal is to go beyond vanity metrics, dive deeper into digital transformation, and help brands achieve sharper outcomes powered by the right human resources, media, and technology.
During his time at Schbang, Gurnani was also recognised with numerous 30 Under 30 awards and named among India’s Top 50 Content Marketing Professionals.
“It’s not a goodbye, it’s just a shift in gears because if there’s one thing I’ve learned over the last 10 years, it’s that new ideas, new journeys, and new beginnings are always around the corner.”
Schbang may have started as a bold idea, but its legacy continues. And so does Gurnani’s next great adventure.
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.
