DRMumbai: Thomas Cook (India) Ltd., the country’s leading integrated travel and travel-related financial services company, was honoured with the prestigious award for Best Risk Management Practices at the 4th edition of the ICICI Lombard-CNBC TV18 India Risk Management Awards 2018.
Presented by ICICI Lombard and CNBC TV18, the India Risk Management Awards 2018 recognised companies that have developed best in class risk management practices and capabilities across business categories. The award was conferred on Thomas Cook India for having constantly evolved and created new growth benchmarks while managing risks effectively in the Travel and Leisure category.
The stringent selection process comprised analysis of company data, systems and frameworks and was judged by an independent panel of experts that included Arundhati Bhattacharya, former Chairman, SBI, and the awards were presented by Nouriel Roubini, Professor of Economics, NYU Stern School of Business and Chairman and Co-founder, Roubini Global Economics.
Madhavan Menon, Chairman and Managing Director, Thomas Cook (India) Ltd, said, “In an extremely globalised and integrated world, risk management is now becoming a critical strategic tool for the sustainable growth of organisations. At The Thomas Cook India Group, we have been dedicated in our focus towards developing best in class business risk management practices. This noteworthy award from ICICI Lombard- CNBC TV18 hence serves as both recognition and inspiration to our teams, in sustaining and enhancing risk management practices across our enterprise.”
