Industry Update
Press Release 5 July 2019

IHCL Partners With Essec Business School To Launch Full Scholarships For Deserving Employees Annually

2 scholarships each year for a MSc. in Hospitality Management with ESSEC Business School, Paris

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The Indian Hotels Company Limited (IHCL)

Mumbai - The Indian Hotels Company Limited (IHCL), South Asia's largest hospitality company has today announced the launch of a scholarship in partnership with the ESSEC Business School in France as part of its continued commitment to bolstering learning and development for its employees. As part of the initiative two deserving IHCL employees each year would be sponsored for a 21 month long fully paid MSc in Hospitality Management at the ESSEC Campus in Paris. This initiative is launched for a three year period and may be renewed further.

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Speaking on the initiative, Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, "We have always believed in creating a strong talent pipeline by enabling and empowering our employees with the best of learning and development initiatives. Our collaboration with ESSEC Business School is a vital step in that direction and in line with our vision to create future leaders for the global hospitality industry in general and build a talent pipeline for IHCL in particular".

A pioneer of business-related learning since 1907, ESSEC is rated amongst the top business schools in the world.

Professor Peter O'Connor, Academic Director, Essec Business School said, "We are delighted to collaborate with a prestigious company such as The Indian Hotels (IHCL) for the initiative, which brings in a fitting blend of Indian hospitality and international standards of excellence. We look forward to a brilliant partnership aligned with ESSEC's mission to respond to the challenges of the future."

The program is a mix of rigorous academics and hands-on field experience which includes various areas such as E-Commerce, Real Estate & Development, Entrepreneurship and Luxury Services Management. Besides the full tuition fees, IHCL would also cover the accommodation and living expenses for the two selected employees.

About ESSEC Business School

ESSEC, founded in 1907, is one of the world's top management schools and holds the "triple crown" accreditation from EQUIS, AACSB and AMBA. With 6,097 students; a faculty comprised of 164 full-time professors, 19 of which are emeritus professors, in France and Singapore, recognized for both the quality and influence of their research; a wide range of management training programs; partnerships with the world's best universities; and a network of 55,000 alumni, ESSEC continues to foster a tradition of academic excellence and a spirit of openness in the fields of economics, social sciences and innovation. In 2005, ESSEC opened a campus in Asia, ESSEC Asia-Pacific. ESSEC's operations in Asia Pacific, strategically located in Singapore, present the perfect foothold for ESSEC to be part of the vibrant growth of Asia and to bring its expertise to the expanding region. Additionally, in 2017 ESSEC opened a new campus in Rabat, Morocco, ESSEC Africa. ESSEC's international expansion allows students and professors to study and understand the economic forces at work in the different regions of the world. For any additional information, please visit www.essec.edu.

Discover the MSc in Hospitality Management (IMHI) program.

About The Indian Hotels Company Limited (IHCL)

The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj- the hallmark of iconic hospitality, SeleQtions, a named collection of hotels, Vivanta, sophisticated upscale hotels and Ginger which is revolutionizing the lean luxe segment.

Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel - The Taj Mahal Palace, in Bombay in 1903. IHCL operates 179 hotels including 30 under development globally across 4 continents, 12 countries and in over 80 locations.

The Indian Hotels Company Limited (IHCL) is South Asia's largest Indian hospitality company by market capitalization. It is primarily listed on the BSE and NSE.

Please visit: www.theindianhotels.com; www.tajhotels.com; www.seleqtionshotels.com; www.gingerhotels.com
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Rakhee Lalvani
Phone: +91 22 6137 1909
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