MAM
Mahesh Kanchan takes charge as FieldFresh Foods CEO
Mumbai: FieldFresh Foods, a joint venture between Bharti Enterprises & Del Monte Pacific Ltd, on Monday announced the elevation of Mahesh Kanchan to the role of chief executive officer (CEO), with effect from 1 October.
In his new role, Kanchan will be focusing on further strengthening the Del Monte brand, the product portfolio, and the distribution network to cater to the emerging needs of the consumer, said the company in a statement.
“On behalf of the board of directors, I would like to congratulate Mahesh on his elevation and wish him the very best for his new role. I am confident that under his leadership FieldFresh Foods will prosper into a leading next-generation consumer products company,” said Bharti Enterprises vice-chairman and FieldFresh Foods chairman Rakesh Bharti Mittal.
Kanchan, who previously served as chief commercial officer with FieldFresh Foods, takes over from Yogesh Bellani who has decided to pursue opportunities outside of the company.
“I would like to thank Yogesh for his exceptional leadership over the past one decade and for building a strong foundation for the next phase of our growth journey. Most importantly, under his leadership, Del Monte has become a household name in India,” Mittal further said.
Kanchan, who has over two decades of experience in the FMCG space, joined FieldFresh Foods in 2020. He has played a pivotal role in creating growth opportunities for the Del Monte brand in the B2C segment as well as navigating the business during the pandemic.
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.
