MAM
GalaxyCard appoints Vinod Arya as head of marketing
Mumbai: FinTech startup GalaxyCard has announced the appointment of Vinod Arya as head of marketing.
Arya will be responsible for overseeing marketing operations and formulating disruptive strategies to make GalaxyCard a game-changing brand in the digital lending market, said the company in a statement.
He is a serial entrepreneur who has founded two startups – the KachchaChittha and Baggies India. With over 10 years of experience, Arya possesses knowledge and expertise in digital marketing.
“Coming from an entrepreneurial background, Vinod always knew the way to crack a company’s success is to fill the minds of people with the brand vision. He has already spearheaded two big giants, particularly in driving business growth and revenue,” said GalaxyCard CEO and founder Amit Kumar. “At GalaxyCard, we have complete faith that he will revolutionize the concept of marketing and take the business growth to new heights.”
Arya is a self-motivated entrepreneur who is consistent with innovating and taking existing marketing to new levels. He holds a bachelor’s degree in computer application, well-versed in digital marketing.
“I am excited to be a part of a company that has already disrupted traditional lending processes,” Arya said. “I look forward to leveraging my experience and reach more target audiences with innovative ideas to drive the company’s growth ambitions.”
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.
