MAM
Jishnu Sen promoted as Grey Group India president & CEO
MUMBAI:Jishnu Sen has been promoted as the president and CEO of Grey Group India.
In his new role, Sen will continue to report to Grey Group Asia Pacific chairman and CEO Nirvik Singh.
Sen joined Grey India four years ago as the head of its Mumbai office. Under his stewardship, Grey Mumbai grew significantly to establish itself as the flagship office in India.
In 2009, Sen was appointed COO of the entire Grey India operation.
According to Singh, “Jishnu is an exceptional leader. With his forward thinking, sharp mind and deep passion for the industry, I am confident he will continue to strengthen Grey Group India’s position in the marketplace. With this team, Jishnu has already built a terrific new business track record which includes wins such as Reliance Communications, Ferrero, Honda and Fox International Channels, to name a few.”
Over the last year, Sen has made a number of key appointments to raise the leadership, creative and strategic planning mettle of Grey India. With his support, Grey Digital India also won the Digital Agency of the Year at the first ever Indian Digital Media Awards.
Sen said, “I am excited by the possibilities that lie ahead for Grey Group India. The agency has earned a solid reputation particularly in recent times, and I stay committed to the company’s vision of delivering truly famous and effective work for our clients. I firmly believe that with Grey Group India’s formidable talent and integrated communications offering, we are well poised to continue to deliver superior results which our clients need to succeed in today’s increasingly competitive environment.”
Prior to joining Grey Group India, Sen held various positions with JWT and Y&R across India, Singapore, Hong Kong and the United States. His diverse portfolio includes brands such as Colgate, Pepsi, Pizza Hut, ITC, GlaxoSmithKline, ESPN, STAR Sports and the Indian Army.
Grey Group offers a total communications approach in India through Grey (advertising), Grey Digital, Grey Public Relations and G2rams (activation).
The agency has clients such as Reliance Communications, Honda, Volkswagen, Adani, Bharti AXA, Britannia, Deutsche Bank, Ferrero, Godrej Sara Lee and GlaxoSmithKline.
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.
