MAM
Lulu Raghavan, Managing Director, Landor Mumbai Honored as 2020 AACSB Influential Leader
MUMBAI: Landor Mumbai announces that Lulu Raghavan is one of 25 business school graduates honored by AACSB International (AACSB)—the world’s largest business education alliance—as the 2020 Class of Influential Leaders. The annual challenge recognizes notable alumni from AACSB-accredited schools whose inspiring work serves as a model for the next generation of business leaders.
Lulu Raghavan, nominated by SP Jain Institute of Management and Research currently serves as Managing Director, Landor Mumbai. Lulu is a leading authority on branding and design in India. Raghavan who has worked for Landor, a global branding and design consultancy for more than 19 years helped set up the Landor India office in 2008, which has consistently ranked at the top in Brand Equity’s Agency Reckoner. Raghavan is most proud of the culture and team she has nurtured. With industrywide leadership recognition, Raghavan was invited to judge the Cannes Lions Design Awards 2018 and serve on the Young Lions Jury 2018. In 2018, Raghavan received the John W. Kuykendall Award from her alma mater Davidson College in North Carolina, USA. She is passionate about equality and has been an active champion of women at work. In 2019, she was named one of the most influential women in India in media, advertising and marketing by IMPACT Magazine.
For Raghavan, mental and physical well-being and their direct connection of productivity, creativity, and a balanced lifestyle are of paramount importance. Raghavan has also been a faculty member of WPP Maestro – a training and leadership program for high-potential individuals across WPP.
Commenting on the accolade Lulu Raghavan, MD-Landor Mumbai said, “I am truly delighted and honoured to have been selected for this prestigious award. The combination of my undergraduate education at Davidson College in the US (a top ranking liberal arts school) and my post graduate business education at SPJIMR (one of the most prestigious business schools in India) was excellent preparation for a working life dedicated to management and leadership. My two years at SPJIMR were particularly influential in not only shaping my competencies but also strongly developing my character. SPJIMR’s emphasis on social sensitivity has had a lasting impact on me. I look forward to continuing to create business and social impact through my work at Landor by using the power of brand and design. I am proud to be a Global Indian.”
Dr. Ranjan Banerjee, Dean- SPJIMR said, “It is always good to see our alumni getting recognised on a global stage. Lulu Raghavan led the team at Landor that worked on the new brand architecture for SPJIMR.
Fittingly, she herself is an epitome of courage and heart, and combines a professional flair for branding and client understanding, with a deep personal passion and engagement in social issues. She is a strong ambassador for the institute, and I am certain that she will win many more accolades in the years to come.” He added.
“AACSB is honored to recognize Lulu Raghavan and applauds her achievements at Landor Mumbai as a leading example of business education as a force for good in the world,” said Tom Robinson, AACSB president and CEO. “The diversity of backgrounds, industries, and career paths of the 2020 Class of Influential Leaders demonstrates that AACSB-accredited schools are preparing graduates to succeed wherever their passions may take them.”
Now in its fifth year, the Influential Leaders challenge has recognized more than 200 business school graduates for creating lasting impact in business and society. All honorees have earned an undergraduate, graduate, or doctoral degree from one of the more than 850 AACSB-accredited business schools worldwide. For more information on the Influential Leaders challenge, and to view a full list of honorees, visit aacsb.edu/influential-leaders.
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.








