MAM
MediaCom India bags Modi Lottery account
MUMBAI: MediaCom India, the media independent unit of Grey Worldwide India, has won the Agency of Record (AOR) business of Modi Lottery account.
MediaCom India senior VP Harish Shriyan made the following remarks about the win: “We are delighted to have Modi Lottery on board, and extremely charged to handle this new category of business in a highly competitive market place.”
The new win follows on MediaCom bagging the AOR for NDTV both the English and Hindi channels and also won the AOR for Bridgestone in a pitch against WPP Media’s Maximise and Mudra’s Optimum Media Solutions. In the recent past, MediaCom has won the AOR business for Maxwell Apparel and media planning for Johnson & Johnson Baby Franchise.
Globally, MediaCom is the sixth largest media house with billings of over $12 billion and presence in over 75 countries. Its global AORs include Warner Brothers, P&G, Mars, Reebok Shell. In India, MediaCom clients include Marico Industries, Sony Entertainment Television, Medimix and Arvind brands, besides the media needs of Grey Worldwide clients including Gujarat Ambuja Cement, Hindalco, Revlon, Oracle and Carrier Aircon. MediaCom also has alliances with a few small agencies for their media planning and buying requirements.
Keeping in line with these new successes Grey Worldwide recently re-opened their Chennai branch and already boasts of a client portfolio which includes Sara Lee TTK- Eva Deodorant along with The Park Hotel.
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.
