MAM
Puma India elevates Shreya Sachdev as head of marketing & strategic Initiatives
NEW DELHI – Global sports brand Puma has elevated Shreya Sachdev as the head of marketing & strategic Initiatives. In addition to her current role of heading strategic initiatives, she will now be responsible for leading creative, brand marketing, and managing brand personalities. Shreya will continue to report to general manager Puma India, and Southeast Asia general manager Abhishek Ganguly and will be a part of the company’s leadership team.
Commenting on the appointment, Ganguly said, “Puma’s brand differentiation in the Indian market stems from our unconventional approach to marketing. We have always believed in telling the right stories, with the right content, and in the most compelling manner to build consumer connect. Shreya’s analytical skills coupled with her penchant for creativity will further help build local relevance for our marketing excellence in the years to come.”
Sachdev joined Puma in 2019 to lead strategic initiatives. Her rich and diverse experience saw her successfully lead numerous key projects. Prior to joining Puma, Shreya worked as a consultant with McKinsey & Company. She holds an MBA in marketing from IIM Lucknow and an undergraduate degree in Literature from Lady Shri Ram College.
Talking about her new role, Sachdev said, “Even before joining the team, I was enthralled by the success of Puma brand in the Indian market. For me, having an opportunity to connect the brand and consumers is very empowering. Puma is known for creating unique and impactful brand campaigns with a focus on consumer engagement. I am looking forward to working with some of the best minds to further build our marketing excellence in India.”
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.
