DESPITE LOSSES, FIRM REDEPLOYS STAFF TO ENSURE QUICK REPAYMENTS
by S NEERAJ KRISHNA
WHEN countries worldwide imposed lockdown measures to stop the spread of the pandemic and global flight restrictions disrupted the travel plans of millions of people, Jaymin Borkhatria, the chief commercial officer of Southall Travel, had one priority – their customers.
“I was clear from day one: the customer is king,” said Borkhatria, who has been in the travel industry for 35 years.
And his business mantra saw the Southall group – which handles 1.1 million clients annually in the UK – rapidly process refunds amounting to more than £22 million to about 95 per cent of its customers.
“The customers will remember the agents who stood by them during these challenging times and we are probably the only agent who has refunded majority of our customers,” Borkhatria said.
The lockdowns in the UK and India had a “huge impact” on operations, he told Eastern Eye.
“The India contact centre is huge and very important for us, mainly because of the huge market share of India business we have here in the UK,” he said.
Borkhatria also heads Southall’s online travel agent brands, Travel Trolley and Sky Sharp.
The company quickly redeployed staff to increase its customer care capacity – the refunds processing workforce was increased from 15 to 300. “This saw our average call waiting time decrease to just two minutes,” he said.
“I believe we are the only online travel agent to waive off admin fees for refunds – which we could legally charge – to help our customers during these challenging times when many agents are just talking and delivering very little.”
About 95 per cent of the airlines grounded their operations and the refunds process was cumbersome, he said. “The airlines implemented a manual process for payment clearances, which meant agents had to complete an application form for each and every passenger on the booking, which is both time-consuming and labour-intensive,” said Borkhatria.
For refunds of package holidays, the agents are the “principals”, he explained, adding the company had refunded customers who had booked for vacations in April, May and June. “This we did even if we may not have received the refunds from the airlines or hotel partners,” said Borkhatria.
“For flight only or single component, we are not the principals, the airline is the principal and we have to adhere with the airlines policy on refunds, which can be challenging and frustrating not only for us, but more important, our customers.”
Borkhatria said he wouldn’t blame the airlines because they, too, were left devastated, staring at uncertainty. Notably, he had previously worked with airlines such as Sabena and KLM in Tanzania, where he was born and brought up, before migrating to the UK.
“We have been regularly liaising with our airline partners for the refunds of our customers, and had good success with major airlines,” he added.
The Southall group, too, is facing losses. “However, I have been so busy with ensuring that our customers are refunded and reassured that I am yet to assess the pandemic’s financial impact on our business,” said Borkhatria, who joined the group in 2005.
“Moreover, as a successful, privately-owned UK travel business which has been operating for more than 35 years, we are in an enviable position whereby we have a strong business model with significant cash reserves, that will see us through the current crisis.”
Borkhatria said the government support for businesses was “exceptional”, but added he wanted “some roadmap following the introduction of a 14-day quarantine for arriving passengers”.
“The quarantining restrictions will have a significant impact on customer demand for holidays and business trips, and it will cause massive damage to the UK economy, beyond the transport and tourism industries,” he said.
“We call on the government to reconsider this move and instead, introduce a plan that will help the travel and tourism sectors’ safe return, sooner rather than later.”
He said instead of a “blanket norm”, quarantine should be made mandatory only for those who are identified under “high risk” category through screenings at the airport, especially at the point of embarking.
On some media reports and speculation about travel industry groups lobbying the government and the airlines planning to legally challenge the “blanket quarantine”, Borkhatria said: “I am quite sure the government will soon come out with a better plan.”
He said once the international flight restrictions begin to ease, the initial phase of travel would mainly be VFR – visit family and friends.
“Markets such as India, Pakistan, Bangladesh, the Philippines and the Middle East would be priority for the mainstream travel from the UK,” said Borkhatria, adding that he was awaiting commercial flights for a personal trip to India, Southall’s largest destination market with a 45-50 per cent share. For travel packages, beach holidays will be the top choice, as social distancing can be achieved far better than city breaks.
“I see huge potential for destinations such as Maldives, Mauritius and Sri Lanka, which have been investing a lot in tourism,” he said.
And once the bookings restart, Southall Travel will be in a “very strong position” in the market because of its steadfast efforts to ensure that, as always, “customer is king”.
While winding up the interview, asked how he stayed calm and self assured in these tumultuous times, Borkhatria said, “I come from a family of singers, mainly traditional devotional songs like bhajan and classical music.
So, all of us in the family picked up music, much like people living near on the river bank learning swimming. Music has been somewhat like that in our family. Devotional songs bring you close to spirituality.”
TATA STEEL UK has started construction of a new Electric Arc Furnace (EAF) at its Port Talbot site in South Wales. Tata Group chairman Natarajan Chandrasekaran marked the groundbreaking ceremony on July 14, joined by Tata Steel CEO and managing director TV Narendran and Tata Steel UK CEO Rajesh Nair.
The EAF project is part of Tata Steel UK’s £1.25 billion plan to transition to low-carbon steelmaking, backed by £500 million from the UK government. The furnace is expected to be commissioned by the end of 2027 and aims to reduce carbon emissions at Port Talbot by about 90 per cent, or 5 million tonnes of CO₂ annually. The project is expected to support 5,000 jobs.
“This is an important day for Tata Group, Tata Steel and for the UK,” said Mr Chandrasekaran. “Today’s groundbreaking marks not just the beginning of a new Electric Arc Furnace, but a new era for sustainable manufacturing in Britain. At Port Talbot, we are building the foundations of a cleaner, greener future, supporting jobs, driving innovation, and demonstrating our commitment to responsible industry leadership.”
Business secretary Jonathan Reynolds said: “This is our Industrial Strategy in action and is great news for Welsh steelmaking backing this crucial Welsh industry, which will give certainty to local communities and thousands of local jobs for years to come.”
Wales Secretary Jo Stevens said: “The UK Government acted decisively to ensure that steelmaking in Port Talbot will continue for generations to come, backing Tata Steel with £500 million to secure its future in the town.”
The Port Talbot EAF will produce up to 3 million tonnes of steel per year using UK-sourced scrap. Construction is being led by Sir Robert McAlpine, with support from regional contractors and technology providers including Tenova, ABB, and Clecim.
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Starmer and Reeves during a visit to Horiba Mira in Nuneaton in Nuneaton. (Photo: Getty Images)
PLANS by Labour to overhaul the tax rules for non-domiciled residents in the UK could cost the public purse up to £4 billion and result in the loss of thousands of private sector jobs, according to a new analysis.
A report by the Centre for Economics and Business Research (CEBR), shared with The Times, suggested that scrapping the current non-dom regime could lead to a sharp drop in tax revenues if even a fraction of those affected decide to leave the country.
The thinktank estimates that if a quarter of non-doms - roughly 10,000 individuals - moved abroad, tax receipts could fall by £4.6bn over the next five years. That figure could rise to nearly £8bn if half of them departed.
The CEBR’s model, based on the approach used by the Office for Budget Responsibility (OBR), also predicted that such a shift could cause the UK to lose between 3,100 and 6,300 jobs, depending on how many wealthy residents choose to relocate.
This potential tax shortfall poses a serious challenge for chancellor Rachel Reeves, who currently has £9.9bn in fiscal headroom. Experts warn that this cushion could be halved or even wiped out by the autumn due to other financial pressures, such as changes to welfare payments and weaker-than-expected economic growth.
Although Labour has stood by its commitment to end the non-dom tax regime, Reeves is now believed to be considering a partial rethink. Specifically, she may drop plans to apply inheritance tax to non-doms' worldwide assets, following concerns that the proposal could accelerate the departure of wealthy individuals.
“We’re continuing to work with stakeholders to ensure the new system remains competitive on the international stage,” a Treasury spokesperson said, noting the importance of attracting global talent and investment.
Some high-profile figures have already indicated they might leave, including steel magnate Lakshmi Mittal.
Lakshmi Mittal
According to Companies House filings, more than 4,400 directors have stepped down from UK-based firms in the past year, with April departures up 75 per cent compared to the same month in 2024. Most of those exits were from finance, insurance, and property - sectors with high numbers of non-doms.
According to the report, the policy change is triggering an exodus of top earners. The centuries-old non-dom system allowed wealthy foreign residents to shield overseas income from UK taxes for a flat annual fee starting at £30,000. In its place, the government introduced a stricter residence-based scheme.
Now, anyone living in Britain for more than four years must pay income and capital gains tax on global income, with inheritance tax at 40 per cent also looming if they stay longer.
Sam Miley of the CEBR warned that even small economic shifts could have wider implications. “Our findings show the changes would negatively affect the economy, albeit modestly,” he was quoted as saying. “At a time of limited fiscal space, even marginal losses matter.”
Andrew Barclay, who runs the entrepreneur-led group Land of Opportunity, which commissioned the report, said: “It’s increasingly clear that abolishing non-dom status could do real harm to the economy and public finances. There’s still time to stop the outflow.”
A recent Oxford Economics survey of tax advisers found that 60 per cent expect over 40 per cent of their non-dom clients to leave the UK within two years of the changes taking effect.
While the exact number of departures remains unclear, the list of wealthy individuals who have already moved abroad includes billionaire Anne Beaufour, investor Max Gottschalk, and boxing promoter Eddie Hearn, among others.
Meanwhile, Labour faces growing pressure to strike a balance between tax fairness and maintaining the UK’s status as a global hub for wealth and investment.
US CARMAKER Tesla is finally making its official debut in India with the opening of its first showroom in Mumbai.
The firm, led by Elon Musk, will unveil the new “Tesla Experience Centre” on Tuesday (15) at Maker Maxity Mall in the Bandra Kurla Complex, one of the city's top commercial hubs.
This marks Tesla’s first formal step into the Indian market, after years of delays and speculation. According to official records, the company has already imported around $1 million (£780,000) worth of cars, charging equipment, and accessories into the country—mostly from China and the US.
Among the imported vehicles are six units of the popular Model Y, with five standard versions valued at £25,350 each and one long-range model at £35,880. Several Tesla Superchargers were also shipped in as part of the initial setup.
Although India has been eager to welcome Tesla, including introducing policies to encourage local production, the company has chosen to start with imports.
This means Tesla will have to pay high import duties - nearly 70 per cent - making its cars much pricier in India compared to other markets. The government has offered lower duties of 15 per cent for companies willing to invest $500m (£390m) and set up manufacturing locally, but so far, Tesla has not agreed to those terms.
Reports suggest Tesla is not currently interested in building a factory in India. Musk had previously planned a visit to the country in 2024, during which he was expected to announce a multi-billion-dollar investment, but the trip was cancelled at the last minute.
Despite the absence of local production, Tesla appears committed to growing its presence. It has started hiring in India, filling positions for showroom advisors, service engineers, vehicle testers for its Autopilot system, and other roles in cities like Mumbai and Delhi.
The Indian EV market is growing rapidly, with local player Tata Motors and Chinese firm BYD already established in the sector. Tesla’s entry is expected to increase competition and raise interest in premium electric vehicles, even as high costs remain a concern for most buyers.
(with inputs from agencies)
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UK-based Nanak Hotels acquired the 60-room Kings Court Hotel in Warwickshire for £2.75 million. (Photo: Colliers International UK)
UK-BASED Nanak Hotels recently acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for £2.75 million. This is the first regional acquisition by the privately held firm led by British Indians Harpreet Singh Saluja and Karamvir Singh.
Nanak Hotels, which operates a UK property portfolio, plans to invest in the property's refurbishment and repositioning, according to a statement from Colliers International UK, which brokered the transaction.
“We’re excited to bring Kings Court Hotel into our portfolio as our first Warwickshire acquisition,” said Saluja. “It has a solid foundation and loyal customer base. We see potential to develop the hotel while preserving its heritage.”
The West Midlands hotel, on a 4.2-acre site between Alcester and Redditch, began as a 17th-century farmhouse and now operates as a hospitality business with public areas, event and conference facilities and wedding capacity for up to 130 guests.
The hotel’s previous owner said Kings Court had been central to their work for over 30 years.
“It’s been a privilege to grow it into what it is today,” the owner said. “As we retire, we’re pleased to see it pass to a new owner who shares our commitment to hospitality and has a vision for its future.”
“The sale of Kings Court Hotel drew strong interest due to its size, location and trading performance,” said Josh Sullivan and Peter Brunt of Colliers International UK. “We’re pleased to have completed the transaction with Nanak Hotels and look forward to seeing how they develop the asset.”
In February, UK-based Shiva Hotels, led by founder and CEO Rishi Sachdev, secured $372m (£289m) to renovate The BoTree in Marylebone, London. Separately, Indian tech firm Oyo announced a $62m (£48m), three-year plan to expand its UK hotel portfolio by acquiring inventory and securing leasehold and management contracts, supporting 1,000 jobs.
PRIYA NAIR has been appointed as the CEO and managing director of Hindustan Unilever Ltd (HUL), effective from August 1. She will be the first woman to lead the company in its history.
The announcement was made by HUL on Thursday (10). Nair, who currently serves as president, Beauty & Wellbeing at Unilever, will take over the role from Rohit Jawa, who will step down on July 31 to pursue other interests.
She has been appointed for a five-year term and will also join the HUL board, subject to necessary approvals. She will continue to be a member of the Unilever Leadership Executive.
Nair began her career with HUL in 1995 and has held various roles across sales and marketing in the company’s Home Care, Beauty & Wellbeing, and Personal Care businesses.
Between 2014 and 2020, she served as executive director, Home Care and later as executive director, Beauty & Personal Care from 2020 to 2022. She then moved to a global role as the chief marketing officer for Beauty & Wellbeing at Unilever, and in 2023, was named president of the business.
Under her leadership, the Beauty & Wellbeing division has grown into a more than £10 billion global business covering hair care, skin care, prestige beauty, and health and wellbeing, including vitamins, minerals and supplements.
She has overseen brand building, innovation, revenue growth, digital transformation, and profit delivery.
Speaking on her appointment, HUL chairman Nitin Paranjpe said, “Priya has had an outstanding career in HUL and Unilever. I am certain that with her deep understanding of the Indian market and excellent track record, Priya will take HUL to the next level of performance.”
Nair’s appointment comes after Jawa’s two-year term, during which the company focused on volume-led growth. “On behalf of the Board of HUL, I would like to thank Rohit for leading the business through tough market conditions and strengthening its foundations for success,” Paranjpe added.
Over her 28-year career, Nair has built and managed several leading consumer brands. She is recognised for turning around underperforming businesses and leading cross-functional teams.
The Indian executive has also served as an independent director on the board of a publicly listed Indian company, a board member of the Advertising Standards Council of India (ASCI), and a member of several government-backed partnerships and industry bodies.
Nair currently lives in London with her husband and daughter.