in Recognition of his Contributions to India
Mumbai, January 28, 2020: Thomas Cook (India) Ltd. (Thomas Cook India), India’s leading integrated travel and related financial services company, owned by Fairfax Financial Holdings Limited (Fairfax), announces that Mr. Prem Watsa, Chairman and Chief Executive Officer of Fairfax, has been honoured with the Padma Shri, one of India’s highest civilian awards, in recognition of his contributions to transforming India.
The Padma Shri recognises Mr. Watsa’s significant contributions, including the initiatives of the Fairfax India Charitable Foundation (FICF), in delivering measurable social impact among India’s poorest and towards creating a sustainable ecosystem for the local community. Since its formation, the FICF has delivered over 2 lakh of dialysis sessions almost entirely free of cost to below-poverty-line patients and installed over 500 dialysis machines across India. In addition, the FICF has been responsible for opening over 100 dialysis centres and creating a positive social impact across 15 states in India.
Mr. Madhavan Menon, Chairman and Managing Director of Thomas Cook India, said, “Thomas Cook India is extremely proud of Mr. Prem Watsa, and his being awarded the distinguished Padma Shri by the Government of India recognises his vision to transform and give back to India – the country of his birth.” He added, “Having been acquired by Fairfax in 2012, Thomas Cook India’s fruitful growth story stands testament to Mr. Watsa’s visionary leadership – not only to provide outstanding business services but also sustainability and giving back to the community.”