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Glance Digital exec Manish Gupta joins L&T Finance as digital transformation czar
MUMBAI: L&T Finance has roped in Manish Kumar Gupta as chief executive – urban unsecured assets, payments & digital partnerships as it gears up for a new phase of digital transformation. A fintech veteran, Manish has over 23 years of experience across top financial and technology giants.
Manish’s impressive CV reads like a masterclass in leadership – from launching India’s first mobile-only digital bank, digibank by DBS, to driving innovation at TransUnion CIBIL as chief product officer, where he developed the latest CIBIL score. He has led digital and business transformations at heavyweight names including ICICI Bank, Deutsche Bank, HSBC, DBS Bank, and TransUnion CIBIL.
His latest stint was at InMobi Group’s Glance Digital, where he served as senior vice president and general manager, scaling the business globally with AI-powered content and commerce solutions on smart devices.
Said Manish on Linkedin: “Last week I completed a wonderful and enriching chapter of my life with InMobi and Glance ! The emotions of leaving Glance were overwhelming! I will miss the culture, my team, my friends that have supported me for the last five plus years! As I embark on a new journey, I will cherish every moment I spent at Glance! Once an InMobian always an InMobian!
With a robust track record in both traditional and digital-first financial ecosystems, Manish is known for turning ambitious ideas into business wins. A certified financial planner and CertICM holder, he is an alumnus of IIT Delhi and holds an MBA from ISB, Hyderabad.
Having worked in India, Hong Kong, and Singapore, Manish’s global experience makes him a strategic addition to L&T Finance’s leadership team.
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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.
