MAM
Booze behemoth ABD revamps top brass
MUMBAI; Allied Blenders and Distillers Limited (ABD), India’s prominent liquor company, has announced three significant management changes to strengthen its leadership team.
The company has re-appointed Resham Chhabria J Hemdev as vice chairperson for another three-year term. The Wharton-educated executive, who first joined as executive director in June 2021, brings her experience in consumer marketing to connect with younger consumers. As the daughter of chairman Kishore Chhabria and co-chairperson Bina K. Chhabria, she combines family business understanding with formal training from Harvard Business School and the University of Mumbai.
Simultaneously, master blender Arun Barik has been re-appointed as executive director for three more years. A veteran with 32 years in the spirits industry, Barik has crafted blends for numerous brands throughout his career at Shaw & Wallace, Seagram-Pernod Ricard and Mason and Summers before joining ABD in 2009. His technical expertise has been instrumental in product development and quality control.
Completing the leadership changes, Bikram Basu has stepped down as chief innovation and strategy officer to take up the managing director position at ABD Maestro Pvt Ltd—a subsidiary of the parent company—in what appears to be a strategic internal promotion.
Industry observers suggest these moves are part of ABD’s strategy to maintain competitiveness in India’s evolving alcohol market, where established brands compete with new entrants for market share in a country with growing premium spirits consumption.
All announcements were made on 31 March 2025, following approval from the company’s board of directors, with the executive appointments subject to shareholder approval.
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.
