MAM
Dentsu Aegis Network expands Anand Bhadkamkar’s role to CFO & COO South Asia
MUMBAI: Following Dentsu Aegis Network’s (DAN) announcement to promote Ashish Bhasin to the expanded role of CEO greater south, Dentsu Aegis Network and chairman & CEO India, the global media and marketing communications conglomerate has now entrusted Dentsu Aegis Network – South Asia CFO Anand Bhadkamkar with the additional charge of chief operating officer India.
With this announcement, Anand will now also be responsible for driving operational excellence in business and oversee support functions including HR and IT in India. He will continue to report to Ashish Bhasin.
Commenting on the appointment, Bhasin said, “Anand is exceptionally dependable, comes with strong leadership capabilities and has a very strong understanding of our markets, clients and services. Dentsu Aegis Network India is currently standing amid enormous market opportunities and with my expanded role and new geographies to look after, it was imperative for Anand to take up the operational responsibilities. Anand has always been integral to DAN operations and, in some ways, this is a formalisation of this duty. I strongly believe that Anand will successfully implement and integrate our strategies to take this growth forward.”
Commenting on his new role, Bhadkamkar said, “I am extremely excited and honoured to take on this additional responsibility. I look forward to embarking upon a new chapter in my career, having been part of the company’s journey over the past 10 years now. Dentsu Aegis Network India is very well positioned in today’s digital and transformational environment. I look forward to supporting the Group in its next growth phase and continue driving operational excellence across the organisation in South Asia.”
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.
