Brands
LT Foods names Rohit Jaiswal COO for Middle East arm
NEW DELHI: LT Foods, best known for its Daawat and Royal rice brands, has appointed Rohit Jaiswal as chief operating officer of LT Foods Middle East DMCC, its step-down subsidiary, as the billion-dollar FMCG group sharpens its push across the Middle East and Africa.
In his new role, Jaiswal will work closely with chief executive of the Middle East business Gursajan Arora, and lead strategy, execution and regional expansion. The appointment signals a renewed focus on scale, partnerships and capability-building in some of the company’s fastest-growing markets.
An MBA from IIM Bangalore and an alumnus of Insead and Stanford GSB, Jaiswal brings more than 27 years of experience across India, Bangladesh, the Middle East, Africa and Central Asia. He has held senior leadership roles at Colgate Palmolive, Marico, Dabur International and Dr Reddy’s, spanning multiple FMCG categories and cultures.
LT Foods chairman and managing director VK Arora, said the hire aligns with the group’s LT Foods 3.0 vision of building a diversified global consumer food company. He added that Jaiswal’s experience would accelerate growth and deepen the company’s presence across the region.
LT Foods operates in over 80 countries. The company reported consolidated revenue of about Rs 8,773 crore in FY25, with a five-year revenue CAGR of 16 per cent and PAT CAGR of 21 per cent.
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.
