IHCL WINS HONOURS AT THE INDIA RISK MANAGEMENT AWARDS, 2023

Standing L-R: Shereen Bhan (CNBC-TV18), S Y Raman (IHCL), and Bhargav Dasgupta (ICICI Lombard)

MUMBAI, MAY 23, 2023: Indian Hotels Company (IHCL), India’s largest hospitality company, has been awarded with Master of Risk in Business Model Adaptability at the India Risk Management Awards, 2023. Hosted by CNBC TV18 and ICICI Lombard, the jury consisted of eminent personalities from the industry.

Speaking on the occasion, Mr. Gaurav Pokhariyal, Executive Vice President – Human Resources, IHCL, said, “Excellence in Corporate Governance is one of the key pillars of IHCL’s ESG+ platform, Paathya. While risk management was always an important initiative for the organization, the pandemic only accentuated its significance as also in achieving excellence in maintaining high-quality standards across various business processes. Winning this award is a testament to our commitment to proactive risk management, adhering to global governance standards, and agility in adapting our business model to the changing business landscape.”

The India Risk Management Awards focuses on India shining amidst the geo-political risks and uncertainty, with strategies to combat and navigate the risk arising from an evolving landscape, which will spur inclusive, sustainable, and progressive global economic growth in light of the current transformations under way.

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 263 hotels including 75 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