MAM
Greencell Mobility designates Manish Poddar as chief financial officer
MUMBAI: Greencell Mobility has appointed Manish Poddar as its new chief financial officer (CFO), reinforcing its leadership in the electric mobility sector. Backed by Eversource Capital, Greencell is focused on driving sustainable transportation solutions in India. In his new role, Poddar will oversee fundraising, governance, compliance, treasury management, and investor relations, ensuring the company is well-positioned for future growth.
Bringing over 24 years of experience, Poddar has held key leadership roles across GMM Pfaudler Ltd, Diversey, and Ranbaxy (Sun Pharma). His expertise spans financial strategy, capital structuring, and compliance, making him an ideal fit for Greencell’s ambitious plans. He has also worked with portfolio companies of Bain Capital, DBAG, and Chrys Capital, further strengthening his strategic and operational acumen.
Greencell’s decision to bring Poddar on board highlights its commitment to strong financial leadership at a time when electric mobility is gaining momentum in India. As the country accelerates its transition towards green transportation, Poddar’s extensive experience will play a crucial role in driving financial stability and expansion for the company.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â 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.
