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

6 Apr 2022 , 11:07 AM

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.

Mahesh Iyer, Executive Director & CEO, Thomas Cook (India) Limited said, “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.”

At around 11:10 AM, Thomas Cook (India) was trading at Rs80 apiece up by Rs0.75 or 0.95% on Sensex.