MAM
Sangam to launch new TVC with Suniel Shetty and Virat Kohli
MUMBAI: Sangam India has roped in Bollywood and cricket stars Suniel Shetty and Virat Kohli as its brand ambassadors.
In order to support its new business growth, the textile conglomerate has planned a marketing investment of over Rs 500 million in the next three years.
Sangam is planning to expand its market reach to cover pan-India territories especially across North and East India. As part of the business and marketing scale-up, the manufacturer of suiting and denim fabrics will be launching a new television campaign (TVC) on 17 January.
Sangam has also signed OMD as its media AOR.
The TVC has been conceptualised by TBWA India. It will feature the new brand ambassadors and aim to differentiate the Sangam product though quality and promise as key brand values.
Said Sangam India executive director V K Sodani, “The new TVC is an integral part of our aggressive scale-up in marketing operations as well as marketing spends. As part of our growth charter, we plan to introduce new product lines across the entire value bandwidth. We are currently exploring business opportunities in India and abroad to enter into strategic alliances to launch premium product lines.”
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.
