MAM
CoinDCX appoints Kiran Vivekananda as chief of public policy & government affairs
MUMBAI: Crypto company CoinDCX has strengthened its senior leadership team by appointing Kiran Vivekananda as chief of public policy and government affairs to lead the company’s public policy and government affairs initiatives. In his new role, Vivekananda will lead CoinDCX’s Public Policy function, working closely with regulators and industry stakeholders and helping drive a positive narrative for the crypto industry in India.
Vivekananda joins CoinDCX from Dream Sports Inc, where he was the chief policy officer and was responsible for driving advocacy efforts for the online gaming industry. He comes in with the rich experience of over two decades. Earlier, he worked with Uber India, HCL Infosystems, to name a few.
CoinDCX co-founder & CEO Sumit Gupta said, “We are delighted to have Kiran lead our public policy portfolio. Kiran’s deep expertise in developing public policy strategies will strengthen our efforts to push the Indian crypto industry mandate and represent the industry at relevant forums”.
Speaking on the appointment, Vivekananda said, “I look forward to working towards supporting a progressive policy and regulatory environment for the crypto industry”. He further added, “The Indian VDA market is the second-largest in the world and I believe that this presents a tremendous opportunity for India to lead the world in the technology-driven digital innovation in the crypto/ Web 3.0 space. I will leverage my experience in addressing concerns of regulators and in driving positive narratives/use cases of the crypto/blockchain technology”.
According to CoinDCX, it continues to strengthen its talent pool and is hiring across functions as it continues to build innovative products and services for the users. Safety and compliance continue to take centre stage as the company is committed to doubling down its efforts in the Indian market. CoinDCX has been working closely with all stakeholders who can help position crypto in the mainstream of India’s digital economy.
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.
