MAM
Arvind Srivastava promoted to chief strategy officer of Ogilvy Asia
Mumbai: Ogilvy has promoted Arvind Srivastava to the position of chief strategy officer of Ogilvy Asia. He succeeds Benoit Wiesser, who will be relocating to Europe.
Srivastava started his career as a CRM planner at OgilvyOne Delhi and has spent nearly 18 years with Ogilvy Asia in various strategic planning roles across the markets. He is currently serving as chief strategy officer, Ogilvy China. “Srivastava will continue to work from Shanghai where he has been since 2016,” said the company.
“Arvind has done an outstanding job for Ogilvy Asia for nearly 20 years in various strategy roles across several Asian markets,” said co-chief executive Asia and chief executive Greater China Chris Reitermann. “He has a deep understanding of the evolving strategy needs of our Clients and brings a great mix of business, brand and digital strategy to our offer. We very much look forward to partnering with him in building on the strong foundation set by Benoit and I’m personally excited to have a strong strategy partner continuing to be based out of China.”
Srivastava previously led and anchored Ogilvy China’s strategy for global clients such as Nestlé and The Coca-Cola Company and played a key role on large Chinese brands, including AliExpress.
“Ogilvy has one of the strongest and the most effective strategy teams in Asia, and I feel truly honored to be given this responsibility,” said Srivastava on his new role.“I am excited at the opportunity to partner with our strategy and business leaders to continue evolving and modernising Ogilvy Asia’s strategic solutions to drive growth and impact for our clients at the intersection of capabilities.”
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.
