MAM
KAFF India welcomes Shital Gupta as new CEO
Mumbai: KAFF India, a pioneering name in the kitchen appliances industry, proudly announces the appointment of Shital Gupta as its new chief executive officer (CEO). With an illustrious career spanning over three decades, Gupta brings a wealth of experience and a proven track record of success to his new role.
Prior to joining KAFF India, Gupta held key leadership positions at prominent industry giants such as Samsung, LG, Videocon, Dish TV Godrej and BPL. His extensive experience in leading renowned organizations highlight his exceptional leadership capabilities and strategic acumen.
Expressing his enthusiasm about the appointment, KAFF India’s MD Deepak Anand, commented, “We are pleased to welcome Gupta to the KAFF family. With his distinguished career and remarkable achievements, we are certain that he will lead our organization into its next phase of growth.
Shital Gupta stated, “I am honored and excited to assume the role of CEO at KAFF India. It is a privilege to be entrusted with this responsibility, and I am committed to leveraging my experience and expertise to contribute to the overall success and expansion of the organization along with the channel expansion. I look forward to working closely with the talented team at KAFF to achieve our shared vision and objectives.”
Gupta’s appointment comes at a pivotal time for KAFF India as the company continues to innovate and expand its presence in the market. With his strategic leadership and deep industry knowledge, KAFF India is poised to achieve new milestones and solidify its position as a leader in the kitchen appliances sector.
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.
