MAM
Ramee Group of Hotels appoints Nandkishor Mahadik as director of sales
MUMBAI: Ramee Group of Hotels has announced the appointment of director of sales Nandkishor Mahadik, bringing over 16 years of hospitality experience and a 25-year career in sales to the organisation. His expertise spans revenue growth, sales strategy, and market expansion.
In his new position, Mahadik will be responsible for developing and executing sales strategies to drive revenue growth. He will oversee sales team operations across India, restructure processes, and introduce training and succession planning initiatives. Additionally, he will support the launch of new properties, leveraging market research to build business momentum.
Mahadik will work closely with the marketing team, providing market intelligence to strengthen brand recall among corporate clients, key stakeholders, and customers.
Mahadik said, “Ramee Group of Hotels is an exceptional organisation with a strong legacy and outstanding properties. I am excited to be part of this journey and collaborate with the talented professionals here to drive growth and elevate our brand’s presence in the midscale and upper midscale hospitality segment.”
A commerce graduate from the University of Mumbai, Mahadik brings a deep understanding of sales strategy and business development to his role.
Ramee Group of Hotels senior VP Saurabh Gahoi said, “We are delighted to welcome Mahadik to the Ramee Group family. His extensive experience, strategic acumen, and dedication to sales excellence make him an invaluable addition to our team. We are confident that his management will play a crucial role in driving our sales growth and strengthening our market position.”
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.
