MAM
Angshuman Chowdhury joins brand consultancy Shining Emotional
NEW DELHI: Angshuman Chowdhury has joined brand consultancy firm Shining Emotional Surplus Pvt. Ltd. as President. Shining specialises in aligning corporations for end-user benefit.
An official statement from Shining Emotional quoted Shombit Sengupta, founder and creative strategist of Shining Emotional Surplus as saying, “Angshuman will add the breadth of rigorous financial validation to strengthen the rational delivery of Emotional Surplus from Shining.”
“With his long years of marketing financial services in India and overseas, Angshuman will add value to the enlarged services we now offer,” the statement, quoting Renee Jhala, Managing Director, stated.
Shining’s concept of Emotional Surplus is a proven engine that has successfully driven the key result areas of different corporations such as Wipro, Britannia, Hindustan Lever, Jubilant Organosys and Marico, and internationally of Danone, P&G, Bristol Meyers Squibb, Adidas, Nivea, Unilever and Remy Martin, among others. Shining Emotional Surplus has provided these corporations end-user benefit driven corporate alignment. Each of these strategies have been designed and implemented with a tailor made content of enduring emotional surplus for the end-user, which has put them beyond the reach of competitors. As a result, all these clients have achieved sustainable and profitable growth.
Using its international expertise Shining is now offering four specific services in India and the Asia Pacific region. They are shareholder wealth creation, brand value creation, retail ROI strategy and world class durable bio-design.
Sengupta further said that Shining Emotional Surplus has always provided creative solutions with a rational base for the business growth of clients and that Angshuman will contribute significantly to value creation through cost efficiency.
His role will encompass the strategic vision of clients by enhancing the rational base of Shining’s deliverables. As part of the Shinings’s team, he will guide Shining’s strategy to strengthen the backbone of clients’ long-term sustainable wealth creation.
Angshuman joined Grindlay’s Bank (now Standard Chartered Bank) in 1981 as Senior Consultant, became their Business Head in Eastern India, and was then seconded to London with responsibilities of risk management in Asia, Middle East, Europe and Private Bank. On his return, he created their Mutual Fund business in India, launched Retail and Institutional distribution for Third Party Fund products, and set up ANZ India Research to undertake economic, sectoral and equity research to support the Corporate Finance activities.
In 1998 Angshuman moved as Head of Finance to Praxair India, a part of $6 billion Praxair Inc. USA. In 2000, he joined the HSBC Group’s Teamasia Semiconductors as Director and CFO, and completed their take-over of IMP Inc. a Californian NASDAQ listed company.
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.
