MAM
Billion Electric charges ahead with Sanjeev Kulkarni as CEO
MUMBAI: Billion Electric Mobility (BillionE), India’s pioneering E-Mobility-as-a-Service (eMaaS) platform, has put its growth plans into high gear by appointing Sanjeev Kulkarni as chief executive officer. A seasoned industry leader with over 32 years in automotive and manufacturing, Kulkarni steps up from his role as chief operating officer to spearhead the company’s ambitious expansion in commercial EV solutions.
With a stellar track record at Bosch Limited in India and Germany, as well as Kalyani Group Pune, Kulkarni has driven large-scale projects, strengthened OEM partnerships, and accelerated revenue growth. As CEO, his focus will be on scaling BillionE’s electric truck and airport tarmac EV bus business, enhancing industry collaborations, and boosting India’s clean mobility transition.
Welcoming Sanjeev to his new role, Billion Electric Mobility founder & chief platform architect Kartikey Hariyani & co-founder Musfara Wajid said, “It has been more than 5-years we have known Sanjeev working on various strategic initiatives within the e-mobility space in India / abroad. Since 2023, Sanjeev has been part of our leadership team and over the last 2-years, Billion Electric Mobility has seen the foundation laid for the e-MaaS business with his, strategic foresightand extensive industry experience. His proven ability to scale operations, drive innovation, and foster collaborations will be critical as we expand our E-MaaS business. With Sanjeev at the helm, I’m confident we will scale faster, deepen partnerships, and create a stronger foundation for India’s EV transition.”
Sharing his thoughts on the new role, Billion Electric Mobility CEO Sanjeev Kulkarni said, “The EV industry is at an exciting juncture, and Billion Electric is well-positioned to accelerate India’s transition to sustainable mobility. Our focus will be on scaling our E-MaaS business with various corporate customers with our range of Electric Trucks for inter-city transport, , maximizing operational efficiency, and strengthening collaborations with OEMs and fleet operators. I look forward to working with our talented team to develop robust solutions that power India’s EV future.”
Quoting on the development, Billion Electric Mobility lead advisor Piroshaw Sarkari (Phil) added, “BillionE is a platform that drives a concept of energy on wheels, in a way different from traditional transporter and therefore Sanjeevs experience is found very relevant to lead this platform!”
As BillionE continues to drive India’s EV transition through its Energy Transition Network, Kulkarni’s leadership marks a pivotal step in its journey. With a strengthened leadership team, including newly appointed lead advisor Pirojshaw Sarkari (Phil), the company is set to electrify the commercial transport sector and push the boundaries of sustainable mobility.
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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.
