Thomas Cook India Group Honoured With The CNBC – ICICI Lombard India Risk Management Award
Mumbai, February 15, 2021: Thomas Cook India, India’s leading integrated travel services company has won the CNBC India Risk Management Award in the Travel & Leisure category for the fourth time since inception.
The India Risk Management Awards presented by CNBC-TV18 jointly with ICICI Lombard, were conceptualised to recognise corporations that effectively devise & deploy a ‘Boundaryless Risk Management’ architecture that augments the strength of businesses in the new normal. The selection process consisted of a thorough analysis of the company’s data, systems and frameworks and was judged by a panel of experts.
Thomas Cook India has been declared winner in the Travel & Leisure category in recognition of its robust Enterprise Risk Management framework and effective use of technology. In the face of the COVID-19 pandemic, the company’s processes have helped it continuously navigate and minimize risk, while maximizing business potential even in uncertain times.
Mr. Mahesh Iyer, Executive Director & CEO, Thomas Cook (India) Ltd. said, “At Thomas Cook India, a robust enterprise risk management framework forms the backbone of our processes – helping us identify and address the risk elements that could impact our business. I am delighted to accept the India Risk Management Award from CNBC-TV18 & ICICI Lombard – now for the 4th time as a group, and thank the jury for recognizing our efforts. This award is a special honour that validates the sustained delivery of our Teams, pan India.”
About Thomas Cook (India) Limited: Set up in 1881, Thomas Cook (India) Ltd. (TCIL) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Value Added Services, Visa and Passport services and E-Business. It operates leading B2C and B2B brands including Thomas Cook, SOTC, TCI, SITA, Asian Trails, Allied T Pro, Australian Tours Management, Desert Adventures, Luxe Asia, Kuoni Hong Kong, Sterling Holiday Resorts Limited, TC Forex, Distant Frontiers, TC Tours, TC Visa, Travel Circle International Limited, Ithaka, Digiphoto Entertainment Imaging (DEI), Private Safaris East & South Africa.
As one of the largest travel service provider networks headquartered in the Asia-Pacific region, The Thomas Cook India Group spans 25 countries across 5 continents, a team of over 8388 and a combined revenue in excess of Rs. 6948.3 Cr. (over $ 0.93 Bn.) for the financial year ended March 31, 2020.
TCIL has been felicitated with The Best Travel Agency – India at TTG Travel Awards 2019, The Best Outbound Tour Operator at the Times Travel Awards 2018 & 2019 and Leading Company with Cutting Edge Travel Innovation at the Times Travel Awards 2018, Silver award for Asia’s Best Integrated Report (First Time) category at the Asia Sustainability Reporting Awards, Best Risk Management-Framework & Systems at the India Risk Management Awards 2019; Best Cash Management Solution – India at the Asset Triple A Treasury, Trade, Supply Chain & Risk Management Awards 2018, Best Outbound Tour Operator at the SATTE awards 2019, Excellence in Domestic Tour Operations at the SATTE Awards 2018, The French Ambassador’s Award for Exemplary Achievements in Visa Issuance – 2015 to 2019 and the Condé Nast Traveller – Readers’ Travel Awards from 2011 to 2019.
CRISIL has revised the rating on debt programmes and bank facilities of Thomas Cook (India) Ltd to ‘CRISIL A+/Negative on the long-term bank facilities of TCIL and CRISIL A1 rating on the short-term bank facilities and short- term debt of the Company.
