MAM
Future Generali India Insurance Company appoints Akshaya Kashyap as chief people officer
Mumbai: Future Generali India Insurance Company (FGII), has announced that it has appointed Akshaya Kashyap as the chief people officer of the organisation, effective 1 October, 2023. He has a rich and diverse experience in the Human Resource (HR) domain, spanning over 18 years, with almost a decade of that being with Future Generali.
Kashyap takes over from Sunil Wariar who superannuated from service in September this year. Previously, Akshaya served as a DGM HR in India Life (FGIL) before moving to FGII in February 2016. He also had an overseas stint with Generali Vietnam, which greatly developed and broadened his functional and management competence. Prior to joining Future Generali, he has worked in varied sectors including auto-ancillary, manufacturing and retail.
Commenting on the development, Future Generali India Insurance Company CEO & managing director Anup Rau said, “In alignment with our employee- centric philosophy, our primary focus is on promoting our dedicated current team members who have invested their time and energy in our organization when it comes to filling critical positions, rather than seeking external candidates. I am confident that Akshaya will build on the platform established by Sunil and further extend the company’s culture where employees from diverse backgrounds work collaboratively and in a cohesive manner. Sunil has played a stellar role over the last 14 years and has been instrumental in shaping the company’s HR policies and employee first approach. I would like to thank Sunil for his services and wish him the very best for the next phase of his life.”
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.
