MAM
Sambhaav Media snags Sanjay Gaur as chief marketing officer
MUMBAI: Ahmedabad-based Sambhaav Media has roped in Sanjay Gaur as its new chief marketing officer, a move that’s set to inject a hefty dose of experience into the company’s senior management. Gaur, a seasoned marketing veteran, boasts a whopping 33 years in the trenches, handling everything from FMCG to FM radio.
Gaur has had stints in business operations, project management, market development, and channel marketing. He’s also got a knack for the creative side, conceptualising and managing projects for clients across the media, consumables, and durables industries. It’s a proper marketing medley.
Sambhaav Media, known for its diverse portfolio including Top FM, VTV News, Abhiyaan, VTV Gujarati, and Sambhaav Metro, is clearly hoping Gaur’s experience will give them a competitive edge. He’s also got a background in handling distribution networks and infrastructure building, which could prove handy as the company looks to expand
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.
