MAM
ShareChat appoints Rabe Iyer as its head of agency business
Mumbai: ShareChat has appointed Rabe Iyer as its head of agency business. Rabe will lead all agency relationships for the company, explore impactful partnerships within the marketing and advertising community, and aggregate avenues for monetization like programmatic, performance, and branding solutions.
With decades of multi-discipline experience in the media industry, Rabe comes with extensive knowledge to drive growth by understanding client needs and delivering higher yields and profitability. Before ShareChat, Rabe was a senior leader in SEA, India, and the MENA region at several major media organisations, such as Wavemaker MENA, Reliance Broadcast Network, Publicis Groupe Media, Group M’s Motivator, and more. During his stint at Wavemaker, he successfully launched Wavemaker MENA. As the CEO of Wavemaker MENA, he contributed to the sustainable growth of the organization through innovative media, content, and technology practices.
Welcoming Rabe, ShareChat & Moj chief revenue officer Udit Sharma said, “We are excited to have a seasoned leader like Rabe Iyer join us and lead our agency partnerships. Rabe’s deep understanding of the agency ecosystem and his vast experience of working with a wide range of clients to help them achieve their business and marketing objectives will further strengthen our ability to collaborate closely with agencies to drive better RoI for our advertising partners.”
Commenting on his appointment, Iyer said, “It is admirable to see how ShareChat has made its way to become the largest homegrown social media company and also become one of the top media aggregators in India. I am excited to be a part of ShareChat’s next phase of growth and holistically contribute towards the company’s success by tapping into its immense potential to drive value to all brands and businesses tapping into the Bharat and GenZ audience.”
Besides leading and strengthening all agency relationships for ShareChat and Moj, Rabe will design and build strategic initiatives for sustainable growth and add value by maximising marketing technology practices for strategic business planning and improved performance.
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.
