MAM
Gillette India Ltd. appoints Srividya Srinivasan as its chief financial officer
Mumbai: Gillette India Ltd announced the appointment of Srividya Srinivasan as the company’s chief financial officer effective 1 November 2024. Srividya is taking over the role from Gautam Kamath, who will be moving onwards to his new assignment as vice president – corporate strategy in the P&G Global Headquarter.
Srividya brings a diverse and rich experience in various finance roles across a career spanning 19 years. She joined P&G in 2005 in the United States of America and has since worked across various roles delivering outstanding results for several P&G businesses as well as serving various markets, including USA, Latin America, Philippines. An alumnus of Darden School of Business, University of Virginia, Srividya currently is the vice president & head of global business services and global external reporting in P&G Philippines.
Speaking about her new role, Srividya Srinivasan said, “I am thrilled and deeply humbled to kickstart the next phase of my journey with P&G and coming back to India. This role is a never-before opportunity for me, to work with various stakeholders to bring our integrated growth strategy to life and contribute towards delighting our consumers with superior propositions and growing our business. These are exciting times, and I look forward to contributing to the growth of P&G in India and working towards making peoples’ lives better in small but meaningful ways, every day – together with our people who are the backbone of this organisation.”
Speaking on the occasion, Gautam Kamath said, “It has been an absolute honour and a privilege to serve as the CFO for Gillette India Limited. The last 3.5 years have been rewarding and full of immense learnings, working with various stakeholders of the business to bring our integrated growth strategy to life in our commitment to deliver exceptional results. As I extend a warm welcome to Srividya, I am confident that we will scale new heights of business and people growth. I am only optimistic about what the future holds.”
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.
