The most prestigious Global travel platform Honoured for Sustaining Employees and Communities through the Pandemic.
Mumbai, November 12, 2021: Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial services company, announced that its brand – Sita wins Responsible Tourism Gold Award at World Travel Mart 2021 London; Honoured for sustaining Employees and Communities through the Pandemic.
As a culmination of the organisation’s efforts to weather the pandemic and support employees and communities, Sita is a proud recipient of the World Travel Mart Responsible Tourism Gold Award. The nominees were judged basis the criteria of replicability, innovation, and overall commitment to responsible tourism by a panel of judges from within the industry.
Sita responded to the pandemic through continued employment and on-time salaries of employees below middle management, and further reinstated salaries for middle and senior management May 2021 onwards. In addition, Thomas Cook introduced a four-day working week to enable employees to have more family time and achieve a better work-life balance. More importantly, Sita organised a company-wide Covid vaccination drive and an Employee Covid Care Plan, which provided ex gratia payments to support the staff and their family members in unfortunate situations, including death. Sita promptly paid the pending invoices from suppliers, including hotels, guides, and transporters, keeping every small or big vendor associated with the company in good financial health. Also, focussed on valuable utilisation of time and provided training to enhance skills of the employees.
Mr. Dipak Deva, Managing Director – Travel Corporation of India (Sita) said, “It is an honour to be recognized by our peers across the globe for our humble efforts during the pandemic, in keeping our staff and community thriving, not just economically but also emotionally. This award motivates us further to continue our endeavours with greater determination on the path to achieve sustainability. We believe responsible companies inculcate responsible ethics and we urge everyone to stay positive and responsible during the current situation.”
About Thomas Cook (India) Limited
Set up in 1881, Thomas Cook India) Limited. (TCIL) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Value Added Services, Visa and Passport services. It operates leading B2C and B2B brands including Thomas Cook, SOTC, TCI, SITA, Asian Trails, Allied T Pro, Australian Tours Management, Desert Adventures, Luxe Asia, Travel Circle International Limited (TCI), Sterling Holiday Resorts Limited, Distant Frontiers, TC Tours, Digiphoto Entertainment Imaging (DEI), Go Vacation, Private Safaris East & South Africa
As one of the largest travel service provider networks headquartered in the Asia-Pacific region, The Thomas Cook India Group spans 25 countries across 5 continents
TCIL has been felicitated with CNBC-TV18 & ICICI Lombard India Risk Management Award – Travel & Leisure Category 2021, The Best Travel Agency – India at TTG Travel Awards 2019, The Best Outbound Tour Operator at the Times Travel Awards 2018 & 2019 and Leading Company with Cutting Edge Travel Innovation at the Times Travel Awards 2018, Silver award for Asia’s Best Integrated Report (First Time) category at the Asia Sustainability Reporting Awards 2019, Best Risk Management-Framework & Systems at the India Risk Management Awards 2019.
Best Cash Management Solution – India at the Asset Triple A Treasury, Trade, Supply Chain & Risk Management Awards 2018, Best Outbound Tour Operator at the SATTE Awards 2019, Excellence in Domestic Tour Operations at the SATTE Awards 2018, The French Ambassador’s Award for Exemplary Achievements in Visa Issuance – 2015 to 2019 and the Condé Nast Traveller – Readers’ Travel Awards from 2011 to 2019.
CRISIL has reaffirmed the rating on debt programmes and bank facilities of Thomas Cook (India) Limited – ‘CRISIL A+/Negative on the long-term bank facilities of TCIL and CRISIL A1 rating on the short-term bank facilities and short- term debt of the Company.
Fairbridge Capital (Mauritius) Limited, a subsidiary of Fairfax Financial Holdings Limited promotes TCIL by holding 65.60% of its paid up capital and is responsible for the execution of acquisition and investment opportunities.
About Fairfax Financial Holdings Limited
Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Founded in 1985 by the present Chairman and Chief Executive Officer, Prem Watsa, the company is headquartered in Toronto, Canada. Its common shares are listed on the Toronto Stock Exchange under the symbol FFH and in U.S. dollars under the symbol FFH.U.
About Subsidiaries of Thomas Cook (India) Limited
Sterling Holiday Resorts Limited, wholly owned subsidiary of TCIL is engaged in time share and resort business. SOTC Travel Limited, wholly owned subsidiary of TCIL is a leading travel and tourism company active across various travel segments including Leisure Travel, Incentive Travel and Business Travel.
Travel Corporation (India) Limited. (TCI), a brand owned by TCIL through its wholly owned subsidiary company, is the leading Destination Management Company in India that offers tailor-made travel and related services to India, Nepal, Bhutan and Sri Lanka. Thomas Cook India Group holds 51% stake in DEI Holdings Limited (DEI), one of the world’s leading imaging solutions and services providers.
About SOTC Travel
SOTC Travel Limited (Formerly SOTC Travel Pvt. Ltd.) is a step-down subsidiary of Fairfax Financial Holdings Group; held through its Indian listed subsidiary, Thomas Cook (India) Limited (TCIL). SOTC India is a leading travel and tourism company active across various travel segments including Leisure Travel, Incentive Travel and Business Travel and Foreign Exchange. SOTC was established in 1949. Since then, it has escorted millions of travellers across the globe for more than 70 years to various destinations around the world. A new age innovative holidaymaker, SOTC strives to make holidays a priority for every Indian. ‘We are for holidays’ and we want Indians to prioritize their holidays.