MAM
Bajaj Finserv adorns new logo
MUMBAI: Bajaj Finserv, the financial services arm of the Bajaj Group, has adorned a new logo that encompasses the group company‘s business activities as well as project growth.
The new version will hold the current Bajaj logo and style intact above with a new 3D seal of the letters B and F, making the financial services part a distinct standout.
While the blue colour in the logo will stand for confidence, strength and ambition of the company, the blue ball will symbolize the globe, with a primary focus on India.
The new logo has been crafted by Indi Design creative director and CEO Sudhir Sharma.
Says Bajaj Finserv Ltd MD Sanjiv Bajaj, “Across our running business, you will see advertising across all mediums, which would also include websites, including our own.”
Meanwhile the company is also planning to enter the wealth management business in the second-quarter of 2010.
“The new business plans of the company are in tune with their overall dream of becoming a complete financial services company. They also hope to someday start a bank as well. As of now the company is debt free and has cash reserves of up to Rs 9000 million. They are considering getting into the wealth management business with Allianz, subject to the legal conditions and procedures,” Bajaj informs.
The company is hoping that once it takes off in these new lines, it will be able to integrate and make all people associated with any of the Bajaj brands part of the financial services business.
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.
