MAM
InMobi names Kunal Nagpal as chief business officer to spearhead ad empire makeover
MUMBAI: Mobile advertising heavyweight InMobi has tapped Kunal Nagpal as its new chief business officer for advertising, tasking him with orchestrating a bold unification of its ad platforms—including the newly launched Glance AI, InMobi DSP, and the InMobi Exchange.
The newly minted role is a key move in InMobi’s ongoing push to centralise its global go-to-market (GTM) strategy and tighten its grip on the evolving world of programmatic, AI-led, and first-party advertising.
“We are on a transformative journey to build a stronger, more unified team and the ability to better adapt to market needs,” says InMobi Advertising CEO & co-founder Abhay Singhal. “Centralizing our advertising GTM across all product lines is essential for maintaining our growth momentum, and Kunal’s proven expertise with the company across InMobi Exchange positions him as the perfect leader for this initiative.”
Over the past five years, Nagpal has helped scale InMobi Exchange into the second-largest full-funnel mobile SSP, expanding well beyond just mobile and in-app. In his new role, he’s now charged with monetising Glance AI—a generative AI commerce engine launched last month-while also aligning InMobi’s suite of ad products under one powerful umbrella.
“The drive to redefine advertising through innovation requires strong leadership and bold strategies,” says Nagpal. “I am eager to embrace this challenge and collaborate with our incredible teams to generate even more value for our partners and customers.”
Glance AI, InMobi’s latest innovation, lets users generate hyper-realistic fashion looks from a selfie using Google’s Gemini and Imagen models—creating one-tap shopping across 400+ brands. With Nagpal now at the helm, the platform is expected to play a larger role in InMobi’s monetisation machine.
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.
