MAM
Kannan Ganesan joins Myntra as chief financial officer
MUMBAI: Myntra has added a new thread to its leadership fabric with the appointment of Kannan Ganesan as its chief financial officer, bringing on board a finance veteran with over two decades of experience across global and Indian markets.
Before taking on the top finance role at Myntra, Ganesan served as vice president at Flipkart, where he spent more than five years shaping financial strategy and driving business efficiency across sales and customer development functions.
A seasoned professional, Ganesan’s career spans nearly 17 years at Unilever and Hindustan Unilever, where he held diverse leadership positions across India, Singapore, and the United States. From leading financial controls and audits to overseeing analytics and reporting across multiple regions, he built a reputation for precision, strategic clarity, and business foresight.
Starting his career as a business leadership trainee at Hindustan Unilever, Ganesan steadily rose through the ranks, taking on roles in factory operations, FP&A, and regional finance. His journey from factory floors in Chhindwara to global boardrooms reflects a rare blend of operational and strategic acumen.
At Myntra, Ganesan is expected to play a key role in driving financial planning, governance, and innovation as the fashion e-commerce leader continues to expand its digital and omnichannel presence.
With his sharp financial sense and deep understanding of consumer businesses, Myntra’s latest appointment signals a well-tailored move to strengthen its growth narrative and keep its numbers as stylish as its fashion lineup.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â 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.
