MAM
Two99 welcomes Vishnu Kanth Gokul as chief growth officer
Mumbai: Two99, a leading force in digital innovation and strategic growth, is excited to announce the appointment of Vishnu Kanth Gokul as the new chief growth officer. Gokul joins the team with an impressive background, having accumulated nearly 30 years of experience in digital and media sales across some of the industry’s most respected platforms and companies.
Gokul’s career is highlighted by his roles at renowned organizations such as Rediff, Sify, Sulekha, Rajshri.com, 123greetings.com, Percept, Times Internet ( Cricbuzz.com), Qoruz, and Zoo Media Network as a dominant player onboarding top-tier agencies and securing major brands, which led to increased revenue and market share.
At Two99, Vishnu will play a pivotal role in steering the company towards new heights of innovation and collaboration. His appointment is a testament to Two99’s commitment to excellence, nurturing human relationships, and safeguarding core values and ideas.
“We are excited to welcome Vishnu to our team. His exceptional track record, deep understanding of the digital landscape, and commitment to growth align perfectly with our vision at Two99. With Vishnu’s leadership, we are poised to revolutionize the digital ecosystem, enhancing user experiences, cultivating dynamic communities, and optimizing distribution efficiency.” Two99 (e-commerce, tech marketing, cyber security) CEO Agam Chaudhary.
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.
