MAM
Santosh Agarwal takes charge as CEO of Paisabazaar amid strategic shift
MUMBAI: Paisabazaar has appointed Santosh Agarwal as its chief executive officer, stepping up to head PB Fintech’s credit distribution platform. She succeeds Naveen Kukreja, who has moved to PB Fintech Limited as group president while retaining a non-executive director role at Paisabazaar.
Agarwal, a seasoned financial expert with over a decade at the company, previously headed the life insurance segment at Policybazaar as chief business officer. Her guidance is expected to drive the platform’s next phase of growth as it diversifies beyond credit products into savings and pension services. This strategic expansion follows a slowdown in the unsecured lending sector, prompting Paisabazaar to explore new opportunities.
Further strengthening its management, PB Fintech has appointed Neeraj Tripathi as chief financial officer, succeeding Vivek Audichya, who has transitioned to Policybazaar. These changes reflect the group’s focus on innovation and resilience in a shifting financial landscape.
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Tata Consumer Products faces Rs 98 crore tax demand
Income tax authorities raise significant demand for the 2022-23 financial year
MUMBAI: Tata Consumer Products Limited has received an assessment order from the income tax department involving a substantial financial demand. The order, issued by the assistant commissioner of income tax in Kolkata, was received by the company on 13 March 2026. It follows an audit of the income tax returns filed for the 2022-23 financial year, during which the assessing officer made specific additions and disallowances to the company’s reported income.
The total demand raised by the authorities amounts to Rs 98,03,33,930, a figure that includes both the principal tax amount and accrued interest. This disclosure was made by the company’s company secretary & compliance officer, delnaz dara harda, in a formal filing to the National Stock Exchange and BSE Limited on 14 March 2026. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In response to the order, Tata Consumer Products has stated that it believes the demand is not maintainable under current law. The management has confirmed that the company is currently in the process of filing an appeal against the assessment. Furthermore, the company clarified that there is no immediate impact on its current financial standing, operations, or other corporate activities resulting from this specific order.
