MAM
YFLO appoints Dr Payal Kanodia as chairperson for Delhi chapter
Mumbai: The Young FICCI Ladies Organisation (YFLO), Delhi, the women’s wing of FICCI, has appointed Dr Payal Kanodia as the new chairperson for the year 2024-25. Dr Payal Kanodia is a chairperson & trustee of M3M Foundation, and a promoter in M3M Group.
Popularly known as a ‘change-maker’ for her contribution to the society, Dr Kanodia believes in aligning with the government vision to achieve better reach and impact towards women empowerment. On her appointment as chairperson of YFLO, she said, “I am quite delighted to be elected as the Chairperson of YFLO – Delhi chapter, for the year 2024-25 and looking forward to working with the best of minds at YFLO. Every year, the Chairperson of YFLO introduces a new theme, and this year, being Chairperson of YFLO Delhi, I have chosen the theme as – ‘Unleash Mind, Body, Soul’. The theme would reflect on our collective journey towards self-discovery, growth and empowerment. The power and limitless possibilities that our soul, our bodies and our mind holds has always been inspiring.”
“I have always said that India is a country that has high potential to utilize and mobilize women force to achieve the distinction of a $10 trillion economy. There are about 16 million businesses owned by women that provide employment to about 30 million people. Over 10 million working women in India have set their priorities in excelling into corporate world at leadership roles. About 15-17000 Startups out of 90,000 Startups in India are led by women. In the Indian MSME sector, women-led businesses are more than 20 per cent and contribute around about 25 per cent of the labour force. Even the IMF estimates that equal participation of women in the workforce can increase India’s GDP by about 30 per cent. Even globally, women control about $20 trillion in annual consumer spending, and that figure could climb as high as $28 trillion in the next five years. Women produce about 60 percent of the world’s goods and services and are also the largest buyers and investors. YFLO would play its role to align and develop as much women entrepreneurs from not just cities but also from rural India” Dr. Kanodia added.
YFLO represents over 9500 women entrepreneurs and professionals and Delhi chapter alone has over 500 women entrepreneurs. With over 40 years of experience, YFLO has been promoting entrepreneurship and professional excellence among women through workshops, seminars, conferences, training and capacity building programs etc.
Dr Payal Kanodia has been felicitated with many national and international acclamations including – “Times 40 under 40”, “Karamveer Global Fellowship”, instituted by #iCONGO, in partnership with United Nations – “Mahatma Award” and “CSR Person of the Year Award 2022”. She has been recently recognized as the “Leader of Hope” during the Indian Brand and Leadership Conclave & Awards 2024 in Goa. She is also the Director General of India-Kosovo Trade Relations, and a listed member with Royal Asiatic Society – Great Britain, English Heritage – UK, and Royal Society of St. George – England.
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.
