Brands
Rajiv Malhotra boards 12Go as chief product officer
MUMBAI: Rajiv Malhotra has packed his bags for a fresh adventure, joining 12Go as chief product officer, and adding another heavyweight chapter to a career that’s criss-crossed e-commerce, travel, media, mobile, and logistics.
An MBA from NTU Singapore and a citizen of Singapore with OCI status in India, Malhotra brings 25 years of razor-sharp product expertise to the role — across start-ups and blue-chip giants alike. Whether it’s managing $100 million+ P&Ls, pioneering UX strategies, scaling digital businesses, or launching SaaS solutions, he’s left an unmistakable signature on every stop.
Before this, he steered digital media products at SPH Media, led logistics products at Gojek, advised start-ups, and even brewed success as an entrepreneur with Hotellauncher.com. Past tours of duty also include Expedia, MakeMyTrip, Yatra, and Yahoo! SEA, where he was at the bleeding edge of product innovation and digital transformation.
From product vision to UX design, Malhotra is passionate about building tech solutions that actually make life easier (and a lot more profitable). A self-confessed Kombucha enthusiast and amateur chef when off-duty, he knows a thing or two about the perfect blend — whether in the kitchen or in code.
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.
