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Prateek Kathpal advanced to director – private capital ecosystem – Grant Thornton Bharat
MUMBAI: He has got a capital promotion. Grant Thornton Bharat LLP has elevated Prateek Kathpal as director of the private capital ecosystem. In this pivotal role, Prateek will lead initiatives related to private equity go-to-market planning, deals consulting, and all aspects of practice development, including deal structuring, investment banking, due diligence, valuations, and debt restructuring.
With a robust background in the financial sector, Prateek is an innovation enthusiast whose experience spans multi-sector corporate accelerator programs and advisory roles for startups on commercialisation and market entry strategies. The BSc in information technology also completed his post graduate degree in marketing, strategy & finance.
Prateek’s previous positions include director of private equity and deals at Grant Thornton, and strategy & practice development lead at Khaitan & Co, where he drove significant business engagements and client outreach. Additionally, he has a history of leading marketing and sales initiatives at Yes Bank and VCCircle.
Grant Thornton Bharat, part of Grant Thornton International Ltd., is one of India’s premier professional services firms, boasting a workforce of over 10,000 across 19 offices. The firm is dedicated to delivering assurance, consulting, tax, risk, and digital transformation services while prioritising client-centric solutions and positive ecosystem impact.
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Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â 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.
