MAM
Blue Star hires ex-Unilever exec Mohit Sud to head unitary cooling division
MUMBAI; Blue Star Limited has tapped Mohit Sud, a seasoned Hindustan Unilever executive, to lead its burgeoning air-conditioning empire as group president of unitary cooling products.
Sud, armed with a mechanical engineering degree and an MBA from XLRI Jamshedpur, brings over two decades of soap-selling savvy to the cooling game. After cutting his teeth across India flogging everything from detergents to beauty potions, the former vice president will now build Blue Star’s market position.
Sud will shoulder end-to-end responsibility for the company’s portfolio of room air conditioners, deep freezers, water coolers, visi coolers and modular cold rooms—essentially anything that keeps things nippy. His remit covers the full gamut: sales, marketing, service, R&D, manufacturing and supply chain.
“The market for room air conditioners and commercial refrigeration products is poised for exponential growth in the coming years, and we aim to further buildon our leadership position and grow our market share,” declared Blue Star managing director B Thiagarajan. “Mohit’s rich experience in sales, distribution and marketing will be extremely valuable.’’
“The Company has been on a growth path, and I am very optimistic about our prospects. To be future-ready, we have been making significant investments in R&D, manufacturing, digitalisation, sales and marketing. Simultaneously, we are strengthening our leadership team with external and internal talent. Mohit is an important addition to our team as wescale our consumer-facing businesses,” added chairman & managing director Vir S Advani.
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.
