MAM
Xiaomi India shakes up leadership as it aims to regain market lead
Mumbai: In a significant move, Xiaomi India is reshaping its leadership to reclaim its former dominance in the fiercely competitive Indian smartphone market. The announcement of Xiaomi India’s president, Muralikrishnan B, stepping down marks a turning point, coinciding with the recent appointment of industry veteran Sudhin Mathur as the company’s chief operating officer.
Muralikrishnan’s resignation aligns with his personal goals as he pursues a doctorate at the prestigious Indian School of Business. He will take a six-month gardening leave following his departure. This exit is expected to make waves within the company, given Muralikrishnan’s crucial role in Xiaomi India’s previous market strategies.
Xiaomi India, general manager, Alvin Tse since 2022, has been managing the company’s operations from China. Tse remains at the helm of Xiaomi India’s business, even as he entrusts Mathur with the company’s front-facing responsibilities. “Alvin will remain the India head, and Sudhin Mathur will now be the company’s new face. Alvin brought Mathur onboard to lead the operations,” Moneycontrol quoted a source as saying.
Mathur, with an impressive background as the former managing director of Motorola and Lenovo, is anticipated to play a pivotal role in rejuvenating Xiaomi India’s market position. Under his guidance, the company aims to strengthen its strategy, foster sustainable growth, and capture a broader share of the market.
The official announcement of Muralikrishnan’s exit is expected later today. Xiaomi India has yet to respond to requests for comment.
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.
