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Innovatiview appoints Ravi Gupta as chief financial officer ahead of IPO
NOIDA: Innovatiview has strengthened its top deck as it gears up for the public markets, appointing Ravi Gupta as chief financial officer, a move aimed squarely at tightening financial controls and sharpening investor confidence ahead of its proposed IPO.
Gupta will be based at the company’s Noida headquarters and will lead financial strategy, investor relations, governance and risk management as Innovatiview prepares for its next phase of growth as a listed entity.
With two decades of experience across FMCG, edtech and investment management, Gupta brings a track record of building scalable finance functions in fast-growing environments. His career spans senior roles at Reckitt, Fidelity Investments, GEMS Education and Scaler, where he led finance transformation, system upgrades and growth-oriented financial planning.
Founder and whole-time director of Innovatiview, Ashish Mittal, said Gupta’s experience across international business environments would be critical as the company transitions to life as a public company.
Gupta said the timing of the move was pivotal, adding that his focus would be on strengthening financial infrastructure, reinforcing governance frameworks and ensuring the company is fully prepared for transparent and compliant public-market scrutiny.
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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.
