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Poshn names Anit Kunj Gupta as finance director to lead growth strategy
MUMBAI: What happens when you mix a food supply chain revolution with 20 years of financial wizardry? You get Anit Kunj Gupta, the latest heavyweight addition to Poshn’s leadership team.
If you thought supply chain logistics and financial planning couldn’t get exciting, think again. Poshn, founded in 2021, isn’t just another startup; it’s a game-changer in India’s food value chain. And Anit’s arrival promises to turbocharge their ambitious growth plans.
Poshn announced the appointment of Anit Kunj Gupta as senior director – finance & accounts, ushering in a new era of financial excellence and strategic leadership. Anit’s expertise, honed at industry giants like Zydus Wellness, Whirlpool Corporation, Udaan, and Carlsberg Group, makes him uniquely equipped to streamline Poshn’s financial framework and help SMEs thrive in the food value chain.
India’s food value chain has always been ripe for disruption, and Poshn has been shaking things up by empowering SMEs with innovative solutions. Now, with $8 million (approximately Rs 65 crore) in equity and another $8 million in debt raised during their pre-Series A funding, the stakes couldn’t be higher.
With Anit on board, Poshn looks ready to:
. Expand private label offerings
. Optimise supply chain processes
. Penetrate new markets
How does someone like Anit Kunj Gupta, with two decades of financial experience, approach a startup in full-throttle growth mode?
Poshn’s co-founder, Shashank Singh expressed excitement about Anit’s appointment, “We are thrilled to welcome Anit to the Poshn family. His extensive experience in the food supply chain and his work with SMEs will solidify our position as a global leader in the food value chain.”
Meanwhile, Anit himself couldn’t hide his enthusiasm, “I am delighted to join Poshn at such a pivotal phase of its journey. Poshn’s mission to simplify the food value chain resonates deeply with my professional ethos.”
But here’s the kicker. Anit isn’t just about numbers. When he’s not crunching financials, he’s either driving, playing chess, or cracking jokes. A finance guy with a sense of humour? Now that’s a rarity!
With an experienced leader like Anit in the driver’s seat, Poshn is poised to navigate the complexities of the food supply chain and emerge as a force to be reckoned with. So, the next time you think of food supply chains, remember: Finance is the secret ingredient.
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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.
