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Britannia CEO Rajneet Kohli resigns after 2.5-year tenure
MUMBAI: Britannia Industries Limited has announced the resignation of chief executive officer and executive director Rajneet Singh Kohli, who will depart the company on 14 March 2025.
In a regulatory filing, the company stated that Kohli submitted his resignation on 5 March to “pursue an opportunity outside Britannia.” The board of directors accepted and approved his resignation through a circular resolution passed on 6 March.
Kohli, who joined Britannia in September 2022, has led the Rs 17,000 crore (USD 2 billion) FMCG giant through a period of significant transformation, overseeing the company’s expansion into new food and beverage categories.
Under his leadership, Britannia’s market capitalisation increased 1.5 times, adding approximately INR 50,000 crore in shareholder value. During his tenure, Kohli spearheaded several key initiatives, including a large-scale distribution transformation project and the establishment of a digital & data analytics council to implement AI and automation across the business.
The 130-year-old company, known for its biscuits, bread, cakes, and dairy products, reaches over 200 million Indian households through a complex supply chain network comprising 90 factories, 900 vendors, and 4,000 distributors.
Before joining Britannia, Kohli served more than four years at Jubilant FoodWorks, which operates Domino’s Pizza in India. As president and chief Business officer, he oversaw Domino’s transformation into a food-tech company with 1,700+ stores across 380 cities. During his time at Domino’s, online orders grew from 54 per cent to over 98 per cent , and the business expanded its store network by more than 700 locations.
Kohli’s career also includes nearly 14 years at The Coca-Cola Company, where he rose to senior vice president for north, west, and central India, and head of the premium products division for India. Earlier in his career, he worked at Asian Paints for over five years in various sales and operations roles.
Britannia Industries has not yet announced Kohli’s successor.
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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.
