· Presented at ‘Golden Peacock Award Nite’ on 17th February 2017 in the presence of distinguished business leaders· Mr. Adi Godrej Chairman, Godrej Group was invited as the Chief Guest at the ceremony
National, 17th February 2017: InterGlobe Hotels has been honoured with the prestigious 2016 ‘Golden Peacock Award’ for Risk Management at the ‘Golden Peacocks Award Nite’ held in Mumbai.
Instituted by the Institute of Directors (IOD) in 1991, Golden Peacock Awards are regarded as a benchmark of Corporate Excellence worldwide. Justice P N Bhagwati, former Chief Justice of India, is the Chairman Emeritus of Golden Peacock Awards while Justice M N Venkatachaliah, Chairman, Institute Of Directors and former Chief Justice, Supreme Court of India is the Chairman.
Every year, the nomination committee receives around 1,000 applications for various categories of awards which are evaluated following a three-tier evaluation process. The Awards Jury that selected the winner of the ‘Golden Peacock Award for Risk Management’ for 2016, was chaired by Justice (Dr.) Arijit Pasayat, Chairman, Golden peacock awards Jury, former Judge, Supreme Court of India.
“It has been our constant endeavour to evolve and incorporate the highest standards of risk management practises keeping in view the rapid business growth and increasing business complexities. The top management owns the risks which are embedded within all levels of the organisation and tracked via web based governance tools to ensure effectiveness and efficiency of risk management. This facilitates achieving maximum governance with less government. I commend Anshul for his efforts in creating awareness and facilitating the process of change” said Alok Mehta, Group Head Corporate Governance, InterGlobe.Commenting on this award, J.B. Singh, President and CEO, InterGlobe Hotels, said, “We are delighted to be recognized for our initiative. The management of risk is an integral part of our management practice and this award motivates us further to improve, energise and regenerate the work we do. I would also like to congratulate my team for their great effort and contribution.”
InterGlobe Hotels have 14 operational ibis properties across the country and another two in Coimbatore and Hinjewadi, Pune set to launch later this year. The group’s property in Kolkata which is under construction will be operational by the end of 2018. With another 4 hotels under development and planning, IGH’s total inventory in India is projected to be 3,800 rooms by 2020.
ABOUT INTERGLOBE HOTELS
InterGlobe Hotels is a joint venture between InterGlobe Enterprises and Accor Asia Pacific, established in 2004, to develop a network of 'ibis' hotels throughout India, Nepal, Sri Lanka and Bangladesh. This represents one of the most noteworthy financial commitments made to the mid-market hotel segment in India by any Indian corporate entity and international hotel chain. With 14 hotels now open and 7 under development, the company shall have a portfolio of 21 operational hotels with room inventory of about 3,800 rooms by 2020. InterGlobe as a brand is famous for Insight, Ingenuity and Diligence and it sustains these attributes through delivery of new perspectives, operational excellence and generosity of spirit. By challenging conventional thinking and industry norms, IGH devises creative processes and new implementation methods to bring about operational excellence in their performance. InterGlobe imagines the future through experimentation and exploration and comes out with surprising discoveries in a different way.