MAM
Hero MotoCorp’s Dhiraj Tripathi joins Electric One as co-founder & COO
Mumbai: Hero MotoCorp’s former executive Dhiraj Tripathi has joined auto start-up Electric One Mobility as co-founder and chief operating officer (COO).
Electric One is a multi-brand EV franchise store chain with a pan-India presence that provides a retail platform under one roof for sales, after-sales and distribution of electric two-wheelers and three-wheelers to leading EV manufacturers such as Okinawa, Kinetic Green, Lectrix by SAR group, BattRE, Hero Lectro, LML Electric, GT Force, Mayuri, Olectra and Hayasa.
An auto industry veteran, Tripathi has donned several leadership roles in the last 25 years across leading companies like Bajaj Auto, Honda Cars, Mahindra & Mahindra, Castrol and Daewoo Motors. In his most recent role, he was associated with Hero MotoCorp as regional head for Africa and Middle East region. During his tenure, he led the brand’s market entry into 18 countries in the region, said the statement.
“We are excited to have Dhiraj on board,” commented Electric One founder Amit Das. “I believe that with his strong and diverse auto industry & global business experience, Dhiraj will strengthen domestic business operations and drive international expansion.”
Tripathi commands global business experience across emerging markets of India, Africa, and the Middle East region. In the last decade, he led diverse businesses across leading two-wheeler auto OEMs. Prior to Hero MotoCorp, he served at Bajaj Auto as business head for West Africa, where he was accredited with a cumulative export sale of ~two million units and doubling Bajaj’s market share in Nigeria which is the largest exports market for Indian OEMs, according to the company.
Earlier in his career, Tripathi has been the founding team member of Castrol BikeZone, a start-up from Castrol-BP and regarded as the first multi-brand two-wheeler service franchise store chain in India.
“In a short span, Electric One has emerged as one of the fastest-growing franchises with more than 100 stores across 40 cities in 15 states. It’s gearing up for global expansion across South East Asia, Middle East, Europe and Africa” stated Electric One co-founder and chief – brand & engagement Guido Quill, who is a German national.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â 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.
