MAM
Rossari Biotech elevates Puneet Arora to director – CSO, Vikram Rewar to business head textile division
Mumbai: Rossari Biotech, one of India’s leading textile and specialty chemical manufacturers committed to creating and delivering innovation through personalised and sustainable solutions, is pleased to announce a significant milestone in its journey towards growth and innovation. The company has elevated two seasoned professionals, Puneet Arora and Vikram Rewar, to assume new leadership roles, reinforcing its commitment to strategic talent expansion and business excellence.
Puneet Arora has been appointed as the director – chief strategy officer within the CMD (chairman & managing director) cell, across all group companies and subsidiaries. Arora’s visionary approach and analytical acumen are poised to steer Rossari Biotech towards new horizons of growth and market leadership.
In addition, Vikram Rewar has been named the business head of the textile division – domestic. In this new role, Rewar’s extensive experience and profound knowledge will play a pivotal role in fostering innovation, accelerating growth, and cultivating stronger client relationships.
The elevation of Puneet Arora and Vikram Rewar to key leadership positions comes at an exciting juncture for Rossari Biotech. Commenting on these appointments, Group CFO Ketan Sablok expressed, “We are delighted to welcome Puneet Arora and Vikram Rewar to their new leadership roles. This change will optimise our team structure and create new opportunities for collaboration and growth. We are confident that their contributions will accelerate our growth trajectory and reinforce our position as a market leader, while adhering to the highest industry standards.”
For over two decades, Rossari Biotech has remained a pioneering specialty chemical manufacturer in India, and the strategic talent expansion is poised to create an environment of excellence, innovation, and collaboration. Renowned as a cornerstone of customer-centric solutions, the company is synonymous with quality, innovation, and sustainable ethics. Its enduring legacy is woven with dedication to industry norms, setting the stage for a future marked by excellence, safety, and agility.
To support this vision, Rossari Biotech has also launched a robust digital transformation program that aims to integrate cutting-edge technology to enhance operational agility, optimise supply chain management, and elevate customer experiences. The company is further implementing SAP Solutions to future-proof the brand, streamlining processes, improving data accuracy, and enabling dynamic decision-making to stay competitive in the global market.
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.
