MAM
Madison Media appoints Dnyanada Chaudhari as COO of new unit
MUMBAI: Madison Media has appointed Dnyanada Chaudhari as COO of a new unit of Madison Media to be formed in Mumbai shortly.
Dnyanada has 15 years of experience in media, working with media agencies like Lodestar and ZenithOptimedia and on the advertiser side, driving the media mandate for advertisers like Hindustan Unilever, Marico and ICICI Prulife.
Said Madison Media Group CEO Punitha Arumugam, “Dnyanada is definitely going to be a great asset for us. Her experience spanning agency and client media functions is hopefully going to bring a holistic perspective to our services.”
Added Chaudhari, “I have worked closely with Punitha during my stint at Marico and Sam on many industry related issues. I am happy to be part of the Madison family. I am looking forward to offering my experience to drive disruptive thinking, leverage scale and best practices for our clients.”
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, Asian Paints, Tata Tea, Shriram Transport Finance, Levis, SpiceJet, Axis Bank, Domino’s, Bharti Axa, MaxNewyork Life Insurance, Tata Salt, Acer, Dish TV, Imagine TV, Times Television Network, Indian Oil and many others. The gross billing of Madison Media is Rs 30 billion.
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.
