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Vikash Jhunjhunwala takes charge as chief business officer at Adani Enterprises
GURGAON: Adani Enterprises, the Ahmedabad-based flagship of Gautam Adani’s sprawling conglomerate, has elevated Vikash Jhunjhunwala to chief business officer, handing him the reins over business strategy, trading operations and commercial expansion across its energy and resources empire.
Jhunjhunwala is no stranger to the group’s coal arteries. He previously served as chief trader for steam coal at Adani Enterprises, where he orchestrated global sourcing strategies, managed pricing dynamics and navigated the turbulent waters of commodity risk management. His tenure saw him master the intricate dance of international coal markets, a skill set now deployed across a broader canvas.
Before rejoining Adani’s fold in his current capacity, Jhunjhunwala spent time at GMR Group as head of coal procurement and trade, where he built long-term supply frameworks and risk architectures for the infrastructure giant. His career trajectory also includes a stint as associate general manager for marketing at Adani Enterprises, followed by roles at VISA Steel and Indian Rayon Industries, where he cut his teeth on MIS systems and executive coordination.
The appointment signals Adani Enterprises’ intent to sharpen its commercial edge as it navigates an increasingly volatile global energy landscape. With coal still fueling much of India’s growth story, and controversy, Jhunjhunwala’s deep experience in the black stuff makes him a logical choice to steer the ship through choppy waters ahead.
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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.
