MAM
Wow Skin Science ropes in Karan Punjabi as SVP – strategy and analytics
Mumbai: Wow Skin Science announced the appointment of Karan Punjabi as the senior vice president – strategy and analytics. He will be responsible for defining the strategic roadmap, building scale, and optimisation hereby driving fresh revenue and profitability.
Punjabi has more than 16 years’ experience in corporate finance. He most recently served as vice president at Ather Energy and prior to that, with Avail Finance as chief financial officer. His past professional tenure also includes KPMG and Flipkart.
“I am delighted to be an integral part of Wow Skin Science. The brand’s success story that we see today is the perfect strategic combination of market know-how, consumer behaviour analysis, and the brand fitment,” Punjabi said.
Wow Skin Science co-founder Manish Chowdhary said, “I am pleased to welcome Karan Punjabi to the Wow family. Given his vast experience and his expertise of so many years, Karan will be an asset to our company.”
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.
