National, 22 January 2018: InterGlobe Hotels Private Limited has been honoured with the prestigious ‘Firm of the Year – Hospitality’ in the category of Best Risk Management Framework & Systems – Hospitality at the 4th edition of the CNBC-TV18 India Risk Management Awards. The award was presented to Mr. Ashish Kumar, Chief Financial Officer, InterGlobe Hotels Private Limited. Winning this award is a recognition of the company’s rising contribution towards risk management and overall development.
The India Risk Management Awards is a grand event that witnesses some of the top organisations being recognised and acknowledged for their contribution to the understanding and practice of risk management. Judged by an independent panel of experts, organisations are evaluated across parameters such as assessment, identification, analysis, evaluation and treatment of risks to promote, preserve and protect quality and quantity of Human Resources, property assets and other financial assets of the organization.
Commenting on this award, J.B Singh, President and CEO, InterGlobe Hotels Private Limited, said, “We are delighted to be recognised for our initiative. This award is a testament of our single-minded focus on defining and developing a comprehensive risk management process based on best-in-class standards and practices. Both, identification and implementation are critical to the process of risk management, and are indispensable to the success, growth and longevity of any business. This award motivates us further to improve, energise and regenerate the work we do. None of this would have been possible without our team of some of the most dedicated, sincere and devoted individuals, who embody the Corporate Excellence InterGlobe Hotels stands for.”
Mr. Ashish Kumar, Chief Financial Officer, InterGlobe Hotels Private Limited, said, “With the world around us increasingly becoming a ‘global village’ as we know it, it has become even more crucial for businesses to be dynamic and adapt to whatever risks and challenges the eco-system throws at them. At InterGlobe Hotels, we believe that while aiming to achieve excellence, one has to constantly question the conventional norms of the industry and keep reinventing oneself. This is precisely the motivation with which we endeavour to evolve and incorporate the highest standards of risk management practices.”
“Keeping in view the rapid business growth and increasing business complexities, it has been the Corporate Governance team’s endeavour to initiate thought leadership, risk culture and institutionalise it across all group companies. Our self-governance system ensures that all risks, controls and regulatory compliances are effectively managed. This allows us to facilitate maximum governance with less government, while keeping the levels of transparency and accountability intact. It recognises the Management’s commitment to the highest standards of corporate conduct”, said Mr. Alok Mehta, Group Head Corporate Governance, InterGlobe Hotels Private Limited.
CNBC-TV18 India Risk Management Award comes close on heels of the Golden Peacock Award for Risk Management that was awarded to InterGlobe Hotels last month for the second time in a row. This is a further testament to the kind of customer-centric processes and methods followed at InterGlobe Hotels.
ABOUT INTERGLOBE HOTELS PVT. LTD.
InterGlobe Hotels is a joint venture between InterGlobe Enterprises Private Limited 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 16 hotels now open and 6 under development, the company shall have a portfolio of 22 operational hotels with room inventory of about 3,900 rooms by 2022. 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. IGH is a two-time recipient of the Golden Peacock Award for Risk Management.