MAM
InsuranceDekho appoints insurance stalwart Deepak Sood as a Non – Executive Director
MUMBAI: InsuranceDekho announces appointment of Mr. Deepak Sood as a Non-Executive Director in the board of directors of the Company. With Deepak’s vast experience in the insurance space, he adds to InsuranceDekho’s ability to grow at a much faster pace. At InsuranceDekho, Deepak will be involved in the corporate governance, business planning and strategic expansion.
Deepak brings with him over three decades of rich experience in the insurance industry. Having previously worked as CEO of Avantha Ergo and Future Generali India Insurance, he has also served in leadership roles at Bajaj Allianz, Zurich Financial Services and United India Insurance. He’s an alumnus of St. Stephen’s College, Delhi. Presently, Deepak independently advises new players in the Insurance space alongwith M&A and market entry advisory.
Ankit Agarwal, CEO and Co-founder, InsuranceDekho said, “I am thrilled to welcome Deepak aboard. His guidance and experience will enable us provide higher satisfaction to our customers and deliver better value to our stakeholders.”
InsuranceDekho has 10,000+ partners with customers spanning across 350+ cities. It has clocked an annualized run-rate of 8 lakhs policies while it aims to continually grow in the times to come. InsuranceDekho plans to break-even in the next quarter, and is on its way to become India’s largest advisory-led insurance marketplace.
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.
