MAM
AAAI honours Madhukar Kamath with Lifetime Achievement Award 2019
The Advertising Agencies Association of India (AAAI) honored Madhukar Kamath with this year’s AAAI Lifetime Achievement Award today in the presence of the who’s who of the advertising industry. This is the highest honour to be given to individuals in India for their outstanding contribution to the Advertising Industry. The Award, being presented annually, recognizes the individual's contribution.
The award recognized Madhukar’s pioneering and outstanding contribution to the growth and development of the advertising industry in India. He played a vital role in transforming a traditional advertising agency into one of India’s most successful and diversified communication companies. Madhukar also played a key role in the Omnicom acquisition of the Mudra Group and the integration with the Global DDB Network. Subsequently, he facilitated the entry of Interbrand, the leading Global Brand Consultancy into India, and functioned as its Chairman.
For his commitment to the cause of education and building talent for the marketing communications & services industry in India, Madhukar took forward the legacy of A G Krishnamurthy in building MICA and establishing it as India’s leading business School for Strategic Marketing and Communication Management. He was the Chairman of Mudra Foundation from 2003 to 2017.
Speaking about his long journey in advertising, Mr. Madhukar Kamath said, “To join the ranks of the legends that I’ve always admired is truly humbling. AG Krishnamurthy, was the wind beneath my wings for well over a decade. I grew both personally and professionally in Mudra. From the legendary Keith Reinhard, the Chairman Emeritus of DDB Worldwide, I learnt that building on a legacy is as important as looking to create one. Over my career of four decades, as the Industry changed, as market forces changed, the very construct of operations changed, the remuneration structures changed and so on, I learnt the importance of constantly reinventing and staying relevant. I treated it like a long distance run where it was necessary to stay the course and not look at it as a sprint. Perhaps, I am blessed. Or just lucky? To have had some truly life changing opportunities come my way.”
President of AAAI Mr. Ashish Bhasin said, “Heartiest Congratulations to Madhukar Kamath on being conferred AAAI’s Lifetime Achievement Award for his vision and passion in transforming a traditional advertising agency into one of India’s most successful and diversified communication companies and his commitment to the cause of education and building talent for the marketing communications & services industry in India. He also played a vital role in bringing together the various constituents of the advertising industry to work with unity.”
The AAAI Lifetime Achievement Award is presented annually to an individual who has been a practitioner of advertising for twenty-five years and had been in the top management position; has been or continues to be an active participant in industry bodies and or made significant contributions in shaping the industry priorities which enabled the advertising industry to grow, prosper and become more professionalized; individual known for his integrity, ethical practice and leadership qualities; contributed to his Company/Companies growth by innovative thinking and taking them in newer directions; involved in projects of social consequence which is seen as a role model for the industry at large and had been an industry veteran.
This award was instituted in 1988 by AAAI and some of the past winners include Subhas Ghosal, Alyque Padamsee, Mike Khanna, Piyush Pandey, Sam Balsara, Prem Mehta, Ram Sehgal and others.
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.
