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Aerem names Anupam Agrawal COO at solar lender NetZero Finance
MUMBAI: Aerem Group, a full-stack platform for distributed solar, has appointed Anupam Agrawal as chief operating officer of its RBI-licensed subsidiary, NetZero Finance. The move sharpens Aerem’s push to unclog credit for rooftop solar as demand accelerates across homes, MSMEs and EPCs.
NetZero Finance bills itself as India’s only solar-focused NBFC, offering collateral-free loans for rooftop systems, supply-chain finance and a slick, app-led journey via Aerem. The platform says it has already enabled more than 1.2 GW of projects across industrial, commercial and residential users, working with EPC partners nationwide.
Agrawal, a chartered accountant and ISB MBA, brings nearly two decades across fintech and regulated finance. He has held senior roles at Edelweiss, Cars24 Financial Services, Drip Capital and Cashfree Payments, spanning strategy, underwriting, risk, operations and governance. His brief: build scale without wobble, launching new credit lines, hardening risk frameworks and keeping regulators comfortable.
The appointment underlines Aerem’s blend of fintech and clean energy. The group supports more than 3,200 EPC partners and estimates its platform, including AeROC monitoring and Aerem Asset Assurance, have helped avoid over 35 million tonnes of CO₂.
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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.
