Thomas Cook India

Thomascook.in
Public
Traded as

NSE: THOMASCOOK;[1]

BSE: 500413[2]
Industry Travel & tourism related services,Hospitality
Founded 1881 (Incorporated as a Company on 21.10.1978)
Founder Thomas Cook
Headquarters Thomas Cook (India) Limited, Thomas Cook Building, Dr D.N.Road, Mumbai–400001, India
Products India Holidays, International Holidays, Foreign Exchange, Education Forex, Insurance, Visa & Passport Services, Flights, MICE, Centre of Learning (education & training)
Revenue 412.58Cr (2015)
Number of employees
 2944 (December 2015)
Website www.thomascook.in

Thomas Cook (India) Ltd. is an integrated travel and travel related financial services company, with headquarters in Mumbai, India. The company offers a range of travel services including Foreign Exchange, International and Domestic Holidays, Visa, Passport, Travel Insurance & MICE. In 1881, Thomas Cook established its first office in India and eventually extended to over 233 locations (including 23 airport counters) in 94 cities across India, Sri Lanka and Mauritius.[3]

History

Thomas Cook (India) Ltd. pioneered many ventures including the invention of the world’s package tour in 1841, the first pre-paid hotel coupon in 1868, creation of the first holiday brochure in 1858, and conceptualization of the first Travellers Cheques in 1874.[4]

In 1881, Thomas Cook started its India operations in Bombay, and in October 1978, saw it christened Thomas Cook (India) Ltd. The company made its first public issue in February 1983, and commenced operations in Mauritius in 2000. In the same year, they acquired the Sri Lanka business from Thomas Cook Overseas Ltd, UK.[5]

In 2006, Thomas Cook India Limited acquired LKP Forex Limited and Travel Corporation (India) Pvt. Ltd. (TCI), and in May 2012, Fairbridge Capital (Mauritius) Limited acquired India arm of Thomas Cook Group, and hence became a part of Fairfax Group, Canada.[6]

In 2013, Thomas Cook India Limited acquired Quess Corp (formerly known as Ikya Group - HR, IT Services, Facilities Management, Food Services, Skill Development),[7] and Sterling Holiday Resorts.[8]

In 2015, Thomas Cook Lanka Pvt. Ltd. (a subsidiary of Thomas Cook India Limited) acquired Luxe Asia Pvt. Ltd., Sri Lanka,[9] a regional Destination Management Company handling inbound tourists from globally generating markets to its destinations. In the same year, TCIL announced the acquisition of Kuoni Travel (India) Private Limited, a travel operator in India, and Kuoni Travel (China) Limited, a travel operator in Hong Kong.[10]

On September 2017,Thomas cook acquired Tata Capital’s forex and travel business.[11]

Milestones

NumberYearAchievementRef(s)
12016Thomas Cook taps into India's m-commerce growth opportunity launches India's first end-to-end Holiday-App[12]
22016Thomas Cook India targets Tier III growth markets via small tech assisted outlets[13]
32015Thomas Cook India Acquired Sri Lanka Based Luxe Asia[14]
42015Announced Closure of Kuoni Travel India Private Limited Company[15]
52015Acquisition of Kuoni Group's Travel Business in India[16]
62015Launched Thomas Cook One Currency Card[17]
72015Launched Thomas Cook Forex Mobile App[18]
82013Acquisition of Stake in Quess Corp[19]
92012Acquisition of 76.81% Stake by Fairbridge in Thomas Cook (India) Limited from Thomas Cook UK and TCIM and subsequent announcement of open offer[20]
102012Incorporation of Thomas Cook Lanka (Private) Limited, a 100% Subsidiary of the Company[21]
112012Launch of Borderless Prepaid Multicurrency Forex Card[22]
122011Signed an agreement for marketing and distribution of borderless prepaid multicurrency foreign exchange card[23]
132011Incorporation of TC Visa Services(India) Limited in Maharashtra, a wholly owned Subsidiary of Travel Corporation (India) Limited, which is a 100% Subsidiary of the Company[24]
142010Execution of a Seven Year Arrangement with New Delhi International Airport[25]
152010Launch of 9 Foreign Exchange and Travel Counters[26]
162009Issue of 50,650,699 Shares through a Rights Issue by Thomas Cook (India) Limited[27]
172008Acquisition of 74.9% Stake by Thomas Cook UK and TCIM in Thomas Cook (India) Limited[28]
182007Thomas Cook India Limited & LKP Forex Merger[29]
192006100% acquisition of Travel Corporation (India) Limited by Thomas Cook (India) Limited[30]
202005100% Acquisition by Dubai Financial (LLC) of TCIM[31]
212000Commencement of Operations in Sri Lanka[32]
221998Commencement of Operations in Mauritius[33]
231983Listing of Thomas Cook India Limited on BSE Pursuant[34]
241978Conversion of the branch office into a private limited company[35]
251881Thomas Cook & Son opens its first branch office in Bombay[35]

References

  1. ↑ NSE "NSE of India - Thomas Cook India"
  2. ↑ BSE "BSE of India - Thomas Cook India"
  3. ↑ "Thomas Cook Travel Agency Locations" Vedding
  4. ↑ "Thomas Cook - The Founder of Mass Tourism" Pravda Report
  5. ↑ "Thomas Cook History" Business Standard
  6. ↑ "Thomas Cook India Grows through Acquisitions" The Hindu, 11 August 2015
  7. ↑ "Thomas Cook India Arm Quess Corp to Acquire 49% Stake" Times of India, June 1, 2015
  8. ↑ "Mumbai HC Approves TCIL and Sterling Holiday Resorts Merger" Business Standard, July 14, 2015
  9. ↑ "Thomas Cook India Acquires Luxe Asia" Money Control
  10. ↑ "Thomas Cook Acquires Kuoni India" Business Standard, 8 August 2015
  11. ↑ "With Tata Capital's travel, forex biz in the kitty, Thomas Cook eyes $100 m in extra volumes". @businessline. Retrieved 2018-05-14.
  12. ↑ Thomas Cook taps into India's m-commerce growth opportunity Launches India?s first end-to-end Holiday-App "End to End Holiday App", "Value Research Online"
  13. ↑ "Small Tech Assisted Outlets", "The Hindu Business Line"
  14. ↑ "Thomas Cook India Acquires Luxe Asia", "Money Control"
  15. ↑ "Thomas Cook India Announces Closure of Kuoni Travel India Pvt Ltd", "The Hindu Business Line"
  16. ↑ Acquisition of Kuoni Group's travel business in India, Hong Kong by Thomas Cook (India) Limited "Thomas Cook Acquires Kuoni Group", "Economic Times"
  17. ↑ "Thomas Cook India Launches One Currency Card", "Travelbiz Monitor", 3 December 2015
  18. ↑ "Thomas Cook India Launches Forex App", "Travelbiz Monitor"
  19. ↑ "Thomas Cook to acquire 74% stake in Ikya Human Capital Solutions for Rs 256 cr". New Delhi: The Indian Express. Press Trust of India. February 6, 2013.
  20. ↑ "Acquisition of 76.8% stake by Fairbrige", "The Hindu Businessline"
  21. ↑ "Incorporation of Thomas Cook Lanka", "Business Standard"
  22. ↑ Launch of Borderless Prepaid Multicurrency Foreign Exchange Card "Launch of Borderless Prepaid Card"
  23. ↑ "Thomas Cook Signed an Agreement for Marketing & Distribution of Borderless Forex Card", Money Control
  24. ↑ "Thomas Cook India Collaborates with Mastercard", "India Business Brief"
  25. ↑ "Thomas Cook Enters into a Deal with Delhi Airport", "Hotelier India"
  26. ↑ "Thomas Cook Enters a 7 Year Deal with Delhi International Airport" Franchise Mart
  27. ↑ "Thomas Cook Official Shares Report"
  28. ↑ "Fair Bridge Capital is Promoter of Thomas Cook India", "Business Today"
  29. ↑ "Thomas Cook & LKP Forex Merger" Economic Times
  30. ↑ "Thomas Cook India Company Profile", "India Infoline"
  31. ↑ Thomas Cook India Reconstitutes Board
  32. ↑ "Commencement of Operations in Sri Lanka"
  33. ↑ Commencement of Operations in Mauritius
  34. ↑ Listing of Thomas Cook (India) Limited on BSE pursuant to an Initial Public Offering "Thomas Cook Listed on BSE Pursuant" SEBI
  35. 1 2 "Thomas Cook History"
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