MAM
Koo onboards Sunil Kamath as chief business officer
Mumbai: Indian multilingual social media platform Koo has announced the appointment of Sunil Kamath as chief business officer. Kamath will lead growth strategies, marketing, business partnerships, monetisation and expansion at Koo – which is poised to empower over a billion voices with the freedom to share thoughts and opinions in a native language.
He brings in a wealth of experience to Koo, having spent over two decades across various verticals of business development at high-growth companies. Prior to Koo, Sunil has worked in leadership capacities with ShareChat, Opera, OnMobile and Obopay, and was recently Play Magnus as regional VP Asia Pacific. An angel investor and advisor to several start-ups, he has been instrumental in building sustainable businesses and has domain expertise in consumer internet startups.
Koo co-founder and CEO Aprameya Radhakrishna said, “We are pleased to welcome Sunil Kamath as our chief business officer. Having taken businesses from India to global markets, Sunil has the right experience and proven expertise in scaling and consolidating platforms. With our aligned vision, we will continue to grow Koo as a multilingual platform from India to the world.”
Newly appointed Kamath said, “I am excited to be a part of the leadership at Koo, at this phase of hyper-growth as more users join in expressing themselves in a native language, create hyperlocal content and discover language communities. I look forward to contributing in Koo’s journey to become the multilingual platform of choice for language speakers from across the world.”
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.
