InterGlobe Hotels Private Limited awarded Finance Automation Icon at esteemed CFO Power List 2019 Summit

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National, 27^th November 2019: InterGlobe Hotels Private Limited has been felicitated with “Finance Automation Icon” at CFO Power List 2019 Summit at an event held in Mumbai. The award was presented to Munish Gupta, Chief Financial Officer at InterGlobe Hotels along with a position on the CFO Power List 2019 by Centre of Recognition & Excellence.

CFO Power List, an initiative by CORE Media is a forum for CFO leaders who are committed to addressing major digital world opportunities as part of their core business strategies. It aims to bring together and honour India’s top CFO business leaders, influences, and experts. The award for ‘Finance Automation Icon’ is judged on the parameters which include reputation of the CFO, data on awards, industry associations, social footprint, nominations and CFO milestones.

Commenting on the win, Mr. JB Singh, President and CEO, InterGlobe Hotels, said that, “It is indeed an honour to be recognized amongst various established industry players as the ‘Finance Automation Icon’ in this CFO Power List 2019. This win reflects and resonates with our commitment towards business excellence and awards such as these bring recognition to the entire organisation which is deeply committed in driving and enhancing stakeholder value. I would like to congratulate our Finance Team and all support functions that have helped us to achieve this.”

The CFO POWER LIST features 51 finance leaders across 13 categories- Digital Finance Transformation, Finance Automation, Finance Innovation, Strategic Finance Transformation, Building Finance Organization, Cross Functional Portfolio Management, Financial Planning & Analysis, Fund Raising, Investor Relations, Merger & Acquisitions, Strategic Finance Transformation, Supply Chain Finance and Treasury Management across India. It has been conceptualised to recognize the CFOs who fuel innovation to build value- generating capabilities for their companies.

This award is a testimony of InterGlobe Hotels commitment to continuous improvement in all our business processes. The jury acknowledged InterGlobe Hotels Finance Automation initiative towards operational excellence and recognised the company amongst various established industry players.

InterGlobe Hotels Pvt. Ltd. (IGH) is a joint venture between InterGlobe Enterprises and AccorHotels, established in 2004, to develop a network of 'ibis' hotels across India, Nepal, Sri Lanka and Bangladesh. The partnership, formed over a decade ago, is built with a razor-sharp focus to tap the mid-market segment in India.

IGH has continued to expand rapidly and growth remains high on the radar. In the last two years, the Company has commissioned over 900 rooms spread across 6 properties. The group’s portfolio has steadily grown at a CAGR of 31% over the last five years and now stands at 17 hotels spread across 14 cities in India.

ABOUT INTERGLOBE HOTELS

www.interglobehotels.com

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 7 under development, the company shall have a portfolio of 23 operational hotels with room inventory of more than 4,000 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.