Brands
Agilitas Sports acquires Virat Kohli’s One8
BENGALURU: Agilitas Sports, the manufacturing-to-retail sports platform founded by Abhishek Ganguly, has acquired one8, the sportswear brand co-created by Virat Kohli. As part of the deal, Kohli joins Agilitas as investor and co-founder of one8, strengthening a long-standing partnership centred on performance-led design and global ambition.
Agilitas, which spans manufacturing, R&D, brand-building and retail distribution, bolstered its capabilities last year with the acquisition of Mochiko Shoes, India’s largest sports-footwear maker. Bringing one8 under its fold gives the company a consumer-facing brand to anchor its expansion plans.
Kohli said the decision to move one8 to Agilitas stemmed from the group’s depth in manufacturing, design and nationwide distribution. “Movement, comfort and performance define everything for me, and that philosophy naturally shaped the brand,” he said. “What inspired me to bring one8 to Agilitas was the depth of its manufacturing, the strength of the people and Abhishek’s expertise.”
Ganguly said the collaboration builds on an ethos of discipline and ambition. “The one8 mindset is about taking risks, trying the unknown and never settling,” he said. “Together we are building a high-performance brand from India with the ambition to be globally meaningful over the next decade.”
In its next phase, one8 will expand into high-performance footwear, training apparel and sports-led lifestyle products, aiming to position itself as India’s first global sports brand built on athlete-first design and technical innovation.
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.
