IHCL RECOGNISED FOR RISK MANAGEMENT AT THE PRESTIGIOUS GOLDEN PEACOCK AWARDS

Mr. S Y Raman, Vice President - Group Internal Audit, IHCL receiving the award

MUMBAI, October 31, 2023: Indian Hotels Company (IHCL), India’s largest hospitality company, has received top honours for Risk Management at the Golden Peacock Awards, 2023. Hosted by the Institute of Directors (IOD), the award ceremony was held in London and was graced by the presence of the esteemed Hon'ble Justice M N Venkatachaliah and a distinguished gathering.

The Golden Peacock Awards acknowledge businesses that strive for excellence and uphold exceptional standards in various operational aspects. IHCL is deeply committed to adhering to global governance standards and delivering service excellence. The company rigorously follows Enterprise Risk Management procedures to identify, evaluate, mitigate, and oversee potential risks.

Instituted by the Institute of Directors (IOD) in 1991, the Golden Peacock Awards are a global benchmark of Corporate Excellence, renowned for their detailed assessment processes and selection criteria.

About The Indian Hotels Company Limited

The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for the most discerning travellers and ranked as the World’s Strongest Hotel Brand and India’s Strongest Brand as per Brand Finance Hotels 50 Report 2022 and India 100 Report 2022, respectively; SeleQtions, a named collection of hotels; Vivanta, sophisticated upscale hotels; and Ginger, which is revolutionising the lean luxe segment.

Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel - The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 274 hotels including 82 under development globally across 4 continents, 11 countries and in over 100 locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization. It is primarily listed on the BSE and NSE.

Please visit: www.ihcltata.com; www.tajhotels.com; www.seleqtionshotels.com; www.vivantahotels.com; www.gingerhotels.com

For more information, please contact: kirti.dhingra@ihcltata.com