MAM
Experian appoints Manish Jain as country managing director, India
Mumbai: Experian, a global information services company specialising in decisioning, data analytics, and technology has strengthened its senior leadership team with the appointment of Manish Jain as its new country managing director for experian in India. With a proven track record in driving business growth, fostering innovation, and leveraging technology, Manish brings a wealth of experience to lead Experian’s operations in the dynamic and evolving Indian market.
Manish Jain, a seasoned professional with an illustrious career spanning over two and half decades in financial services and technology, seamlessly aligns with Experian’s commitment to empower businesses and consumers with data-driven insights. Prior to joining Experian, Manish led transformative initiatives in global organisations, ensuring sustainable business expansion. With an exceptional ability to navigate complex markets and a keen understanding of industry trends, Manish is poised to drive Experian’s continued growth in India.
As the former co-founder and CEO of Excelrate, Manish advised organisations on their growth strategies and implemented large-scale plans in the banking industry for the faster realisation of their revenue goals. Before Excelrate, he held leadership roles in the credit bureau industry for over 12 years, driving growth and earning recognition as a thought leader in the industry.
Commenting on Manish’s appointment, Experian CEO, APAC, and EMEA Malin Holmberg said, “We are thrilled to welcome Manish Jain to augment Experian’s operations in India. We are confident that under his guidance, Experian will enhance its ability to provide market-leading solutions to our clients. His passion for leveraging technology to address business challenges aligns perfectly with Experian’s mission to harness the power of data to drive positive outcomes and transform lives.”
“I am excited to join Experian and honoured with the prospects of partnering with the industry in shaping India’s credit eco-system, enabling individuals, businesses, and country’s aspirations. I look forward to leading the talented team at Experian to drive meaningful impact for our clients and the community at large,” said Manish Jain on his appointment.
As the country managing director, Manish will lead Experian’s strategic initiatives, drive business growth, and cultivate strong partnerships with clients and stakeholders. His role will be instrumental in shaping Experian’s future in India, playing a crucial role in facilitating financial inclusion and empowering businesses and individuals.
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.
