MAM
Inderniel Shivdasani joins Pepperfry as head of strategy and investor relations
Mumbai: Pepperfry, an e-commerce furniture and home decor company, has announced the appointment of Inderniel Shivdasani as head of strategy and investor relations. In this role, Inderniel will be responsible for leading Pepperfry’s strategic initiatives and investor relations.
Inderniel brings over 13 years of experience in finance, strategy, investor relations, and mergers & acquisitions, having held leadership roles at prominent companies in the consumer tech and healthcare industries. Most recently, he was director – corporate strategy at Cleartrip, playing a key role in the company’s 100 per cent acquisition by Flipkart in 2021. He also served as the chief of staff at Manipal Health Enterprises, where he spearheaded strategy, expansion, and business analysis initiatives.
As head of strategy & investor relations, Inderniel will be responsible for communicating Pepperfry’s journey and future plans to the investor community, while leveraging the company’s strengths to drive profitable growth.
Speaking on the new appointment, Pepperfry co-founder & CEO Ashish Shah said, “We are thrilled to welcome Inderniel to the Pepperfry team. His in-depth knowledge and expertise in managing investor relations, strategy, and financial reporting, combined with his proven track record of success in scaling businesses, makes him an asset to our organisation. We are confident that he will play a pivotal role in driving Pepperfry’s future growth and success.”
Pepperfry’s newly appointed head, IR & strategy – Inderniel Shivdasani added, “I am excited to join Pepperfry at this pivotal moment in the company’s journey. As the category creator of the organized furniture and home decor market in India, Pepperfry has been instrumental in driving the growth of this industry. It is a leading player in the rapidly expanding online furniture and home décor market, and I look forward to working with the team to enhance its investor relations strategy and drive the company’s continued success.”
Inderniel holds a B.E. in Chemical Engineering from Thadomal Shahani Engineering College, Mumbai and an MBA from T.A. Pai Management Institute, Manipal. He is also a Chartered Financial Analyst (CFA).
Inderniel balances his professional acumen with a passion for adventure, travel, and sports. His pursuits range from adrenaline-fueled activities like cliff and bungee jumping to challenging road trips. He also enjoys his dose of sports or a run on the beach.
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.
