MAM
Spinny onboards Suvid Bajaj as head of marketing
Mumbai: Spinny, the retailing platform for pre-owned cars has brought Suvid Bajaj on board as head of marketing.
Under Bajaj’s leadership, the marketing vertical will focus on strategic business expansion, elevating brand awareness, driving brand adoption in a sustainable way & continuing to grow Spinny’s credentials as an industry thought leader, said the statement.
“We welcome Suvid on board to build brand Spinny by driving meaningful initiatives for us with his deep understanding of the market and the mindset of young India,” said Spinny founder and CEO Niraj Singh. “We are confident that his clear thinking will add value in Spinny’s endeavor to be the most trusted consumer brand and in growing the business as we expand across the country.’’
Bajaj is armed with over 20 years of multi-country and multi-category experience in marketing, sales and consulting. Leveraging his in-depth understanding of business delivery, communication development, delivering innovative plans, display and native platforms he has built his forte in successfully delivering business-marketing conversions.
Prior to joining Spinny, Bajaj held the position of CMO at Udaan.com where he led marketing for all of Udaan’s B2C and B2B verticals. In his earlier stints, he has worked with ITC, PepsiCo, Reckitt and GSK in various sales and marketing roles.
“The focus on quality and customer experience is deeply embedded in the Spinny system and this gels deeply with my value system as a marketer,” said Suvid Bajaj on his new role. “I look forward to working with teams across the board to drive the company’s vision to make car ownership simple, accessible and delightful for every Indian household.”
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: 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.
