MAM
Mudra promotes Jadhav as group business director, to head Mudra Chennai ops
MUMBAI: Mudra has elevated Milind Jadhav to group business director, Mudra, Chennai. Jadhav will play a key role in the agency’s plans in the South and in his new capacity, will head Mudra’s Chennai operations.
Jadhav joined Mudra as director brand communications last year and has been managing the Henkel and TI business for Mudra till now.
An IIM, Bangalore alumnus, he has worked with agencies like JWT, FCB and Euro RSCG. He has worked across categories and brands including Henko, Hercules, Taj Mahal Tea, Amul, CavinKare etc.
Jadhav added, “The assignment is challenging and I am ready to push for growth. Mudra Chennai has a great portfolio. My mandate is to manage and grow businesses, and to nurture talent.”
Mudra South executive vice president and head S. Radhakrishnan said, “We have ambitious growth plans for Chennai which is a key operation for Mudra South. Milind will work closely with me and play a big part in these plans. We have also done some great work out of that office and we will look to Milind to push the envelope. Some of the work from our Chennai office has been exceptional including Henko, RmKV, MK switches, Hercules amongst others. Milind has been closely involved with some of these.”
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.
