MAM
Publicis Media unveils Spark Foundry India
MUMBAI: When Publicis Media struck the match, it lit more than a spark. The network has officially launched Spark Foundry India, a full-funnel media agency built on data, AI and a future-first mindset, marking another bold step in its rapid growth across the Indian media landscape.
Announced in Mumbai on 17 November 2025, the new agency strengthens Publicis Media India’s already diverse portfolio and reinforces its position among the top two media players in the country. Spark Foundry India enters the market with a modern, AI and data powered model that connects brand building, performance and commerce to deliver measurable growth from discovery to conversion and loyalty.
Niti Kumar, formerly chief growth officer at Publicis Media India, has been appointed chief executive officer of Spark Foundry India. Known for strategic clarity and strong client relationships, Niti now leads the mandate to shape the agency into a high performance, future looking media brand.
Meanwhile, Ravi Bhaya has stepped into the role of chief growth officer at Publicis Media India to build further momentum across the network.
Zenith and Starcom will continue to be led by Jai Lala and Rathi Gangappa, who take on expanded responsibilities under Publicis Connected Media. Jai will sponsor Connected CRM while Rathi will helm Connected Influence, bolstering the network’s integrated, data driven capabilities.
All four leaders will report to Lalatendu Das, chief executive officer, Publicis Media South Asia, who welcomed the moves and praised the strengthened leadership bench. He noted that the refreshed structure will deepen client partnerships and open new avenues for innovation in India’s fast evolving media ecosystem.
Publicis Groupe South Asia chief executive officer Anupriya Acharya, highlighted India’s decade of strong double digit growth and its emergence as a strategic centre for talent, innovation and transformative media solutions. She credited the leadership team for driving impact and reinforcing Publicis Media’s role as a growth engine for the Groupe.
With Spark Foundry India now officially in play, Publicis Media appears ready to turn this spark into a blazing streak of momentum.
Brands
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.
