MAM
Raymond onboards Sunil Kataria as CEO of lifestyle business
Mumbai: Raymond on Wednesday announced the onboarding of Sunil Kataria as CEO of lifestyle business. This new appointment comes at a critical juncture in Raymond’s journey as the fashion apparel space sees numerous international labels entering the Indian market, the company said.
In his new role, Kataria will be responsible for steering the next phase of growth by driving the digital agenda and strengthening the brand’s presence in domestic and international markets.
“At Raymond, we believe in having industry’s finest talent that resonates with our vision to create a ‘future ready’ organisation,” said Raymond Ltd chairman and managing director Gautam Hari Singhania. “During the last few years, we have been making stronger strides and creating brands and retail experiences for our loyal and new-age consumers. I would like to welcome Sunil to the Raymond family and believe that he would be instrumental in accelerating growth for the business in India and international markets.”
The lifestyle business is the flagship vertical of Raymond Group which includes branded textiles, garmenting, shirting, retail and apparel business including brands such as – Raymond, Raymond Ready-to-Wear, Raymond Made to Measure, Park Avenue, ColorPlus, Parx and Ethnix by Raymond.
During his earlier stint as the CEO of Godrej Consumer Products Ltd, Kataria managed the business operations of India and South East Asia. He spearheaded the transformation of the business – driving performance and best in class financial results and building a great workplace. With a rich experience spanning over three decades, he has worked with eminent names such as Marico and Idea Cellular. Currently, he also serves as the chairman of The Indian Society of Advertisers (ISA).
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.
