MAM
Paytm appoints Premanshu Singh as senior vice president
MUMBAI: Digital payments and financial services platform Paytm, the brand owned by One97 Communications, today announced the appointment of Premanshu Singh as senior vice president. He will have a business role in financial services vertical within Paytm. Singh would report to Paytm president Amit Nayyar.
Amit Nayyar said, “We are excited to welcome Premanshu who brings a wide range of experience in traditional industries as well in the digital ecosystem. As we deepen our presence in various segments of financial services, we continue to expand our leadership team to focus on multiple opportunities and possibilities that our Paytm ecosystem offers.”
Premanshu Singh said, "I am excited to be a part of a great entrepreneurial ecosystem. As India aspires to be a $5 trillion economy, building the next set of products and services for the end-user is going to be our focus."
Singh comes with over 17 years of experience with some of the top FMCG companies including ITC, Johnson & Johnson as well as leading internet and digital commerce companies. Prior to joining One97 Communications, he was the CEO of Coverfox for about three years.
He has also served as head of marketing at Practo and head of emerging business, sales strategy and international at Shaadi.com.
The nuances he brought into these businesses have helped these companies grow and expand. He founded an e-commerce venture a2zbaby as well. He has an MBA from the Indian Institute of Management Ahmedabad and has done Executive Program from INSEAD.
Brands
Jubilant Foodworks to end Dunkin’ franchise in India
Pizza chain operator will not renew agreement when it expires at end of 2026.
MUMBAI: When the doughnuts stop turning and the coffee goes cold, even a global giant like Dunkin’ can find the Indian market a tough brew to crack. Jubilant Foodworks has decided not to renew its franchise agreement with Dunkin’ when the pact expires on 31 December 2026, according to a Reuters report. The operator, best known for running Domino’s outlets in India, said it would evaluate options for its existing Dunkin’ stores, including a potential sale or transfer of franchise rights, in consultation with the US-based brand.
The decision follows years of underperformance in a market where local tastes and intense competition have made it difficult for international coffee-and-doughnut formats to gain traction. Jubilant, which has increasingly focused on its core pizza business and newer bets like Popeyes, indicated that the exit would not materially affect its financial or operational position.
Dunkin’ accounted for just 0.61 per cent of Jubilant’s revenue in the fiscal year ending 2025 and recorded a loss of approximately Rs 191 million, according to a regulatory filing. The company operated 27 outlets as of December 2025, having shuttered seven stores over the preceding year.
The retreat comes even as Jubilant’s broader business shows signs of momentum. The company reported a 65 per cent rise in quarterly profit for the October to December period, reaching Rs 70.9 crore, up from Rs 42.91 crore a year earlier.
For Jubilant, the exit reflects a sharpening strategic focus. For Dunkin’, it marks another setback in a market that has proven resistant to imported café concepts without significant localisation.
In the cut-throat world of Indian quick-service restaurants, sometimes the sweetest deals are the ones you quietly walk away from leaving more room for the brands that truly rise to the occasion.
