MAM
Adloid appoints Syed Faiz Husain as director of sales
Mumbai: Tech firm Adloid has announced the appointment of Syed Faiz Husain as director of sales. In his new role, Husain would be heading the sales department, managing P&L, and forging growth partnerships.
An alumnus of IIM Lucknow MDP, Husain is an accomplished sales strategist with proven acumen in leading teams, instituting the sales functions, GTM & scaling businesses from the ground up, especially in the digital domain.
“We as a company are pioneering the next phase of digital transformation, moving from digitalisation to virtualisation,” said Adloid co-founder Shorya Mahajan. “Husain’s extensive sales experience and domain knowledge across the digital landscape will add tremendous value to the growth of the company.”
Prior to Adloid, Husain was associated with Network 18 handling the role of sales for Moneycontrol and CNBC TV18. With over 13 years of experience in the digital media landscape, he has worked with media companies such as Hindustan Times, STAR India, NDTV, The Quint and Network 18. During his career span, Husain gained expertise in digital transformation with the new-age digital landscape.
“Adloid is one of the leading platforms in the AR space backed by robust technology and some of the brilliant minds in the industry working for it,” Husain said ton his new role. “I am excited to work with such a passionate team that has charted an unprecedented growth story for the company.”
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.
