Brands
Apollo spends Rs 15-20 crore for Nova Hospitals’ rebranding & refurbishing
BENGALURU: Apollo Health and Lifestyle Limited (AHLL), a wholly owned subsidiary of the Apollo Hospitals Group, has rebranded Nova Specialty Hospitals (Nova SH) as Apollo Spectra Hospitals (ASH), which will be synonymous with ‘simplified quality healthcare.’
The company has spent between Rs 15 – 20 crores for refurbishing, and this cost includes rebranding, company sources tell Indiantelevision.com. AHLL is looking to ramp up ASH revenues from the current Rs 100 crore to Rs 500 crore over the next five years.
AHLL acquired Nova SH in early 2015 at a ticket size of between Rs 135 – 140 crore. Now, AHLL is all-set to re-launch the facilities under the new brand name.
AHHL CEO Neeraj Garg said, “Apollo Spectra’s evolution is guided by a ‘patient-centric’ approach. The exclusive surgery centre model minimizes hospital acquired infections resulting in elimination of unnecessary hospitalization and remarkable medical outcomes. Given the immense potential and the need for quality healthcare delivery closer to home, Apollo Spectra enables AHLL to significantly expand its footprint and will catapult it into a leadership position in this segment of healthcare. Apollo Spectra is strengthened by the introduction of quality systems built on Apollo’s deep expertise in the hospitals space. We believe this format has strong potential and with the brand equity of Apollo, combined with rich hospital expertise we bring to bear, AHLL will nurture this business significantly in the next few years.”
Apollo Spectra says that it will provide services ranging from consultations and surgeries at convenient neighbourhood locations to providing world class facilities, experienced doctors and latest technology and that its health management and preventive care plans are custom-designed around every patient’s unique requirements.
Healthcare has slowly started advertising its services, specialities and boutique treatments, especially through BTL and through localised low cost mass media such as radio, outdoor and print, besides handouts and mobile SMS. “The company plans to spend around Rs 40 – 50 lakh this year towards this effort,” said AHLL director of secondary care Sudhir Diggikar.
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.
