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Indian Hotels Company Limited Wins Best Hotel Company At Dun & Bradstreet Corporate Awards 2017

Mr. Chinmai Sharma, Chief Revenue Officer, Taj Hotels Palaces Resorts Safaris (R) receives the award from the Dun & Bradstreet team and Shri Arjun Ram Meghwal, Honourable Minister of State for Finance & Corporate Affairs, Government of India (Centre).

Mumbai, 12th June 2017: In recognition of its industry-leading business performance, The Indian Hotels Company Limited (Taj Hotels Palaces Resorts Safaris) received the award in the hospitality category at the Dun & Bradstreet Corporate Awards 2017, at a ceremony in Mumbai. Reinforcing its position as a torchbearer for the Indian hospitality industry, IHCL was awarded as the leading performer among India’s Top 500 Companies in the Hotels category.

This award is a reflection of IHCL’s focus on enhancing operational efficiencies in its core business through its stated asset-right strategy, which has seen it reduce debt, improve debt-equity ratio and diminish losses, thus improving its EBIDTA.

The D&B Awards factored in key financial indicators including business size, growth, profitability, leverage, and solvency, and market capitalization on the Bombay Stock Exchange and the National Stock Exchange, while recognizing IHCL’s business performance.

Mr. Chinmai Sharma, Chief Revenue Officer, Taj Hotels Palaces Resorts Safaris said “We are truly honoured to be awarded as the Best Hotel Company of the year by Dun & Bradstreet. This recognition bears testament to the dedication and support of our 26,000 colleagues who continue to be focused on delivering value to all our stakeholders. It also reinforces our belief of contributing to Brand India and to our country's economic growth while maintaining the highest standards of service quality.”

Mr. Joshua Peirez, President & Chief Operating Officer, Dun & Bradstreet said, “All of [India’s Top 500 Companies] have contributed to the growth that we have seen in India over the last two decades, and the future looks bright. Clearly there is potential for further growth in India so long as we continue to have great entrepreneurs and businesses to unlock this.”

Dun & Bradstreet has been tracking the performance of India Inc. since 1997 through its premier publication, ‘India’s Top 500 Companies’. Since 2006, Dun & Bradstreet has taken a step further to felicitate the torchbearers among the Indian corporates, through the presentation of the Dun & Bradstreet Corporate Awards. This year was the 11th edition of the Dun & Bradstreet Corporate Awards and was held in Mumbai. The top corporates from 40 sectors were felicitated on the occasion.

About Taj Hotels Palaces Resorts Safaris

Established in 1903, Taj Hotels Palaces Resorts Safaris is one of Asia's largest and finest group of hotels, comprising 98 hotels in 61 locations across the globe, including presence in India, North America, United Kingdom, Africa, Middle East, Malaysia, Sri Lanka, Maldives, Bhutan and Nepal. From world-renowned landmarks to modern business hotels, idyllic beach resorts to authentic Grand Palaces, each Taj hotel offers an unrivalled fusion of warm Indian hospitality, world-class service and modern luxury.  For over a century, The Taj Mahal Palace, Mumbai, the iconic flagship has set a benchmark for fine living with exquisite refinement, inventiveness and warmth. Taj Hotels Palaces Resorts Safaris is part of the Tata Group, India’s premier business house. For more information, please visit www.tajhotels.com.

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Rakhee Lalvani | +91 22 6137 1909 | rakhee.lalvani@tajhotels.com