MAM
Mirasys (India) brings seasoned analytics leader Ashish Nigam on board as COO
Mumbai: AI-based video surveillance analytics leader Mirasys (India) has announced the appointment of Ashish Nigam, a notable name in business consulting, transformational analytics, Data and Machine Learning, as the company’s chief operating officer (COO). In his new role, the industry stalwart with nearly two decades of experience would spearhead the overall operations of Mirasys (India) while growing a high-performance AI Video Analytics team as a thought partner and leading with innovation.
Welcoming the new COO to the fold, Mirasys (India) managing director Arindam Das Sarkar said, “Mirasys (India) is currently fostering an AI video analytics-powered ecosystem across key establishments and verticals across the country, including Ram Mandir, transportation, railway & highway safety etc. Owing to the pioneering role we increasingly play to safeguard, secure and elevate the citizens, we need changemakers and leaders with extensive industry experience on board. We are pleased to welcome Ashish Nigam on board, as he brings a wealth of wisdom and passion to the table. Get ready for some exciting times ahead as we join forces to steer our ship towards even greater heights of success.”
“I am pleased to come on board Mirasys (India), which has swiftly emerged as a frontrunner in the AI video surveillance analytics space. Drawing from my long-standing experiences across diverse domains like Product Entrepreneurship, Industry Functions, Analytics & Techniques, Proprietary & Predictive Analytics etc, I intend to aid the geo-societal expansion of Mirasys products and services. I am elated to be a part of this phenomenal growth journey,” said Nigam.
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.
