Brands
Aayush Wellness sets aside Rs 50 million investment corpus for healthcare startups
MUMBAI: Healthcare and wellness firm Aayush Wellness has announced the formation of a strategic growth division backed by a Rs 50 million investment corpus. The initiative aims to support ambitious start-ups and existing ventures capable of transforming the health and wellness landscape.
Beyond financial investment, the company will offer its portfolio ventures access to a vast network, industry expertise, and operational support to help accelerate growth. With a focus on scalability and innovation, Aayush Wellness is keen to collaborate with angel networks, private equity investors, incubation centres, and industry associations.
The company aims to invest in solutions spanning healthcare technologies, artificial intelligence, products, infrastructure, and business models that promote sustainable wellness and enhance consumer health.
Aayush Wellness managing director Naveena Kumar: “By collaborating with forward-thinking organisations, we’re not just expanding our portfolio, but fuelling a movement towards smarter, more personalised health and wellness solutions. Our vision is to be at the forefront of a healthier future, empowering individuals with the right tools and services to lead better lives.”
As part of its growth strategy, Aayush Wellness seeks to harness synergies with startups to accelerate product development, boost customer engagement, and expand market reach. The company aims to cement its position as a leader in India’s burgeoning health and wellness sector.
Established in 1989, Aayush Wellness Limited is listed on the Bombay stock exchange. It is a trusted name in health and wellness, offering innovative products and services that prioritise consumer well-being.
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.
