MAM
IGKnights Media appoints Jaya Oberoi as chief revenue officer
MUMBAI: IGKnights Media has appointed Jaya Oberoi as chief revenue officer. Oberoi has 17+ years of experience in media sales and corporate relations. Prior to her current assignment, she has held sales leadership roles in Network18 and Scroll Media INC. Her professional journey also includes working with Star TV, India Today, Reliance Communications, Bharti Airtel and Hughes Telecom. She will be based in Mumbai, and work closely with Abhishek Kapadia, CEO – India and UAE.
Oberoi has a rich and diversified experience in digital and offline media sales. Her professional areas of expertise includes scaling media sales on niche platforms, sales strategy, branded content, corporate relations and specializing in end-to-end operations in start-ups.
Igknights Media CEO Abhishek Kapadia said, "We are delighted to welcome Jaya, to the Igknights family. She is a seasoned sales professional with a proven track record, and her varied experience and business expertise is crucial for our ambitious expansion plans in India. Jaya, will lead Igknights direct partnerships and business alliances to achieve the company's growth plan over the next five years. She will be responsible to develop and implement our sales strategies for India, and will spearhead building new models to scale revenues through untapped channels. We look forward to her valuable contributions to our progress".
Oberoi said, "I look forward to working with the dynamic and talented young team at Igknights Media. Founded in 2016, their success story in the last three years in fragile market conditions is truly commendable, and I hope to keep the momentum going on the growth trajectory. It's a challenging and an equally exciting role to be working on a strong and evolving new age platform. I couldn't have joined at a better time, as we are in the crux of creating new products to be launched in the near future. I look forward to working with Abhishek, and the team at Igknights, to scale to newer heights."
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.
