MAM
ProfitWheel brings in Aman Khanna as co-founder
Mumbai: The SaaS startup ProfitWheel has launched its US operations and has brought in Aman Khanna as co-founder. He joins the company after a seven-year stint and will work closely with ProfitWheel co-founder Vivek Bhargava.
Khanna has been involved in the company’s US operations since its inception and hitherto existence in stealth mode. He has spent his career in digital advertising in corporate America.
Previously, he has worked at iProspect, Boston, before moving to Yahoo! into a management role. He continued with his leadership positions at firms such as Adelphic Mobile and Visual IQ, before joining Nielsen.
“Aman is the perfect partner to lead the US operations with his rich product and market experience,” said Bhargava. “Under his leadership, we are looking at growing our sales, customer success and product teams in the Americas as well as globally.”
“These are interesting times for the adtech/martech ecosystem. As we enter a cookieless era, businesses will need to reinvent themselves in search of newer technologies that avoid the decaying tech stack,” said Khanna. “Our technology platforms are built to help service customers across the globe, industries, and business segments. As we venture into the US market, our vision is to help our clients expand globally through our products.”
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.
