MAM
Digital L&K Saatchi & Saatchi ropes in Vinay Venkatesh as chief creative officer
MUMBAI: Digital L&K Saatchi & Saatchi has got on-board Vinay Venkatesh as chief creative officer. He comes with 14 years of experience in creating and building brands.
Digital L&K Saatchi & Saatchi CEO and managing partner Anil Nair said, “VinayVenkatesh understands the digital engagement idiom, having worked on large engagement centric brands like Vodafone and Diageo. He is an extremely motivating leader and I can see him bringing out that spurt of genius in any and everybody he works with. His passion to bring ideas to life and his exhilarating vision towards different situations will help not just our agency in scaling new heights but will also benefit our clients a great deal. I am extremely pleased to have him on board and hope for an extremely rewarding journey with him.”
Venkatesh opined, “In order to create something, you must first destroy something else. At Digital L&K Saatchi & Saatchi, the mandate is to destroy mediocrity and create greatness. I’m very excited to be leading a fantastic team that truly believes in this mandate. They’re young, driven and extremely passionate. Great work is driven by great people and I look forward to being an integral part of that journey at the agency.”
Over the years Venkatesh has worked with agency networks like Alok Nanda & Company, zeroninefivefour, OgilvyOne Worldwide and Indigo Consulting.
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.
