MAM
Madison appoints Mani as COO of Madison Media Infinity, Bangalore
MUMBAI: Madison Media has appointed V S Mani as COO of Madison Media Infinity, Bangalore.
Mani‘s previous assignment was with ZenithOptimedia, where he was the head of the Reckitt Benckiser account.
Mani will head Madison Media‘s Bangalore office which handles clients such as Britannia, TVS, Tata Tea, Levi‘s and Acer.
In his 18 years of work experience, Mani has worked with advertising and media agencies such as Enterprise Nexus, FCB Ulka, TBWA, ZenithOptimedia and Lintas Media Group.
Mani has worked on brands like Reckitt Benckiser, Maruti Suzuki, Sony, Whirlpool, Hewitt Packard and General Motors.
Madison Media CEO Punitha Arumugam said, “I am happy to have Mani join Madison and am sure that he will bring a fresh perspective to our clients‘ businesses and guide and motivate our team for continued excellence.”
Mani added, “I am delighted to be a part of the Madison family and am looking forward to this new chapter in my career.”
Madison Media Group handles media planning and buying for blue chip clients including Airtel, Godrej, Cadbury, ITC, General Motors, Marico, McDonald‘s TVS, Britannia, Procter & Gamble and Asian Paints.
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.
