Vishal Suri, Managing Director, SOTC Travel
SOTC Travel has been honoured the prestigious award for the Best Risk Management Practice in the Travel & Hospitality category in the 3rd edition of ‘ICICI Lombard-CNBC TV18 India Risk Management Awards 2017. ICICI Lombard General Insurance Company Ltd., India’s largest private sector general insurance company and CNBC TV-18, India’s leading business channel announced the winners of ‘ICICI Lombard-CNBC TV18 India Risk Management Awards 2017 at Taj Lands End, Bandra, Mumbai. The awards recognized companies like Tata Steel, Airtel, Tech Mahindra, Jubilant Food Works, Glenmark, Dabur, Mahindra & Mahindra, Hero Honda, Allcargo Logistics among others that have developed best in class risk management practices and capabilities across various business categories. The selection process consisted of analysis of company data, systems and frameworks of organizations, judged by an independent panel of experts. Speaking on the achievement, Vishal Suri, Managing Director, SOTC Travel said, “It is indeed a significant achievement to be the only Travel Company to be honoured with this prestigious accolade. This success has been possible because of SOTC’s strong commitment towards developing best in class business risk management practices. In a highly globalized and deeply integrated world, risk management is now becoming the most important strategic tool for the sustainable growth of organizations.” Speaking on winning the accolade, Brijesh Modi, Head-Finance & Commercial, SOTC Travel said, “It is truly an honour to be felicitated with this award. The India Risk Management Awards is a unique platform that recognizes companies that have created best in class risk management practices. In the current global environment, identifying and managing risks across an organization has become important for the success and longevity of any business. The award serves as an inspiration and encouragement in enhancing and delivering future risk management practices at SOTC”. SOTC Travel Services Pvt. Ltd. (Formerly known as “Kuoni Travel (India) Pvt. Ltd.”) is a step-down subsidiary of Fairfax Financial Holdings Group; held through two companies, its Indian listed subsidiary, Thomas Cook (India) Limited (TCIL) and TCIL’s subsidiary Travel Corporation (India) Ltd.