Thomas Cook India Group wins the CNBC – ICICI Lombard Risk Management Award for the 5th time

Mumbai, April 5, 2022: Thomas Cook (India) Limited – India’s leading omnichannel travel services company has been honoured with the award for ‘Masters of Risk – Hospitality Sector’ under the Large Cap category, at the CNBC-ICICI Lombard India Risk Management Awards, 2022.

The India Risk Management Awards recognises individuals and organisations who have significantly added to the understanding and practice of risk management, especially during this worldwide crisis and effectively devised & deployed a boundary-less Risk Management architecture that augments the strength of businesses in the new normal. Judged by the finest minds in the industry, the awards celebrate organisations and individuals who have brought risk management to the centre stage.

Thomas Cook India Group has been declared winner in the Masters of Risk – Hospitality Sector in the Large Cap 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 played a vital role in supporting the organization in continuously navigating and minimising risks, while maximizing business potential even in uncertain times.

“As risks become more measurable and tangible, risk management is taking centre stage and becoming an integral strategic element for organizations. Despite the challenges of the pandemic, our robust enterprise risk management framework at Thomas Cook India played a pivotal role in our transformational journey helping us identify and address the elements that could potentially impact our business. My Team and I are honoured to accept the India Risk Management Award from CNBC-TV18 & ICICI Lombard, and thank the jury for recognizing our efforts for the 5th time. This award is a special honour and validates the sustained delivery of our teams, pan India.”

Mr. Mahesh Iyer, Executive Director & CEO, Thomas Cook (India) Limited

About Thomas Cook (India) Limited:

Set up in 1881, Thomas Cook (India) Limited. (TCIL) is the leading omnichannel travel company in the country offering a broad spectrum of services including Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Value Added Services, Visa and Passport services. 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, Travel Circle International Limited (TCI 勝景遊), Sterling Holiday Resorts Limited, Distant Frontiers, TC Tours, Digiphoto Entertainment Imaging (DEI), Go Vacation, 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

TCIL has been felicitated with CNBC-TV18 & ICICI Lombard India Risk Management Award – Travel & Leisure Category 2021, 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 2019, 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 reaffirmed the rating on debt programmes and bank facilities of Thomas Cook (India) Limited – ‘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. For more information, please visit www.thomascook.in

Fairbridge Capital (Mauritius) Limited, a subsidiary of Fairfax Financial Holdings Limited promotes TCIL by holding 65.60% of its paid-up capital and is responsible for the execution of acquisition and investment opportunities

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