MAM
Radisson elevates Nikhil Sharma to lead South Asia’s growth and operations
MUMBAI: Radisson Hotel Group (RHG) is doubling down on its leadership strength, redesignating Nikhil Sharma as managing director & chief operating officer, South Asia. Having previously served as managing director & area senior vice president, Sharma will continue to spearhead RHG’s strategic expansion and operations across the region, ensuring the group’s unwavering dominance in India’s hospitality sector.
With an in-depth understanding of South Asia’s evolving hospitality landscape, Sharma has been instrumental in RHG’s rapid growth and operational excellence. His leadership has helped solidify Radisson’s status as one of India’s largest international hotel operators, with a robust portfolio of nearly 199 hotels in operation and development.
As one of the biggest players in India’s hospitality industry, Radisson commands an unrivalled presence in tier-1 markets like Delhi NCR, while more than 50 per cent of its footprint extends into thriving tier-2 and tier-3 cities. RHG’s diverse brand portfolio featuring Radisson Blu, Radisson Red, Park Inn by Radisson, Country Inn & Suites, and Radisson Individuals Retreats has successfully captured the demand for both luxury and mid-scale hospitality.
The move to elevate Sharma’s role underscores RHG’s commitment to aligning its leadership structure with the dynamic needs of the hospitality sector. Under his guidance, Radisson continues to expand its brand presence, ensuring seamless guest experiences and operational excellence across the region.
With South Asia’s hospitality industry on an upward trajectory, Sharma’s expanded role signals a bold step forward for RHG, reinforcing its position as a leader in India’s flourishing travel and tourism sector. For Radisson, the future looks grand, one hotel at a time.
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.
