MAM
IndiaMART’s Dinesh Gulati joins DigiBoxx India’s board of directors
Mumbai: DigiBoxx, a made-in-India storage-as-a-service platform, is pleased to announce that Dinesh Gulati, chief operating officer at IndiaMART, has been appointed to serve on the company’s board of directors (the “Board”), effective 1 January 2024.
Dinesh is an established business leader who has played a pivotal role in transforming the telecom and online commerce businesses in the country. With his vision to make doing business easy, Dinesh has been one of the key leaders in the industry, involved in continuous innovation and digital transformation for businesses. His disruptive outlook and astute decision-making have not only made IndiaMART a one-stop expert solution, serving more than 100 million customers but has also unlocked huge value for all the stakeholders.
Before joining IndiaMART, Dinesh served as the group president at Indian Express, managing the entire operations and revenue streams. With a vast entrepreneurship experience spanning over 22 years, he has also worked with leading brands like Airtel, Reliance Communications, and Eastman Kodak in key roles.
“Dinesh is an exceptional industry leader, intrapreneur, and an investor and we are excited to welcome him to the Board,” said DigiBoxx founder and CEO Arnab Mitra. “Dinesh’s insights and experience will be an additional force to serve the Company well as we continue advancing our footprint as a world-class IT platform for both our enterprise and individual users, offering exceptional, frictionless, and seamless experiences while increasing efficiencies. We look forward to leaning on Dinesh’s experience in our journey to reshape and reimagine the way we provide services to our clients.”
“I’m excited to join DigiBoxx as a director at this juncture of their growth and to have the opportunity to work with a talented group of thought leaders,” said Dinesh. “I look forward to serving on the board of DigiBoxx and helping to take it to the next level of its digital and transformational journey.”
A management postgraduate from FMS Delhi with a bachelor’s degree in technology from HBTI Kanpur, Dinesh’s interests include reading, travelling and trekking.
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.
