Thomas Cook India

Thomas Cook (India) Ltd. is an Indian travel agency, headquartered in Mumbai, India. It offers a range of travel services including Foreign Exchange, International and Domestic Holidays, Visa, Passport, Travel Insurance and MICE. Founded in 1881 by Thomas Cook, the founder of the defunct British brand Thomas Cook & Son, who established its first office in India and eventually extended to over 233 locations, in 94 cities across India, Sri Lanka and Mauritius.[4] Thomas Cook India is a subsidiary of Fairfax Financial Holdings Limited, through its wholly owned subsidiary, Fairbridge Capital (Mauritius) Limited, and its controlled affiliates which holds 67.61%.[5]

Thomas Cook India

Type	Public Limited Company
Traded as	NSE: THOMASCOOK;[1] BSE: 500413[2]
Industry	Tourism Hospitality
Founded	1881
Founder	Thomas Cook
Headquarters	Thomas Cook (India) Limited, Thomas Cook Building, Dr D.N. Road, Mumbai–400001 , India
Products	Package Holidays Foreign Exchange
Revenue	412.58Cr (2015)
Owner	Fairfax Financial (2013-)[3] Thomas Cook Group (2007-2013) Thomas Cook AG (2001-2007) Thomas Cook & Son (1881-2001)
Number of employees	2944 (December 2015)
Website	www.thomascook.in

History

Thomas Cook 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.[6]

In 1881, Thomas Cook started its India operations in Bombay (later renamed Mumbai), 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.[7]

In 2006, Thomas Cook India Limited acquired LKP Forex Limited and Travel Corporation (India) Pvt. Ltd. (TCI).

In May 2012, Fairbridge Capital (Mauritius) Limited acquired Thomas Cook India, and became a part of Fairfax Group, Canada.[8]

In 2013, Thomas Cook India Limited acquired Quess Corp (formerly known as Ikya Group - HR, IT Services, Facilities Management, Food Services, Skill Development),[9] and Sterling Holiday Resorts.[10]

In 2015, Thomas Cook Lanka Pvt. Ltd. (a subsidiary of Thomas Cook India Limited) acquired Luxe Asia Pvt. Ltd., Sri Lanka,[11] 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.[12]

In September 2017, Thomas cook acquired Tata Capital's forex and travel business.[13] In the aftermath of the collapse of Thomas Cook in the UK, the Indian namesake was considering rebranding itself to avoid the negative perception caused by the collapse of the UK travel company.[14]

Number	Year	Description	Ref(s)
1	2019	The collapse of Thomas Cook India's former parent Thomas Cook Group causes major confusion to Indian customers, who were assumed that Thomas Cook India had also entered liquidation proceedings (by the United Kingdom Government)
2	2019	Thomas Cook India Ltd Opens New Outlet In Punjab	[15]
3	2016	Thomas Cook taps into India's m-commerce growth opportunity launches India's first end-to-end Holiday-App	[16]
4	2016	Thomas Cook India targets Tier III growth markets via small tech assisted outlets	[17]
5	2015	Thomas Cook India Acquired Sri Lanka Based Luxe Asia	[18]
6	2015	Announced Closure of Kuoni Travel India Private Limited Company	[19]
7	2015	Acquisition of Kuoni Group's Travel Business in India	[20]
8	2015	Launched Thomas Cook One Currency Card	[21]
9	2015	Launched Thomas Cook Forex Mobile App	[22]
10	2013	Acquisition of Stake in Quess Corp	[23]
11	2012	Acquisition of 76.81% Stake by Fairbridge in Thomas Cook (India) Limited from Thomas Cook UK and TCIM and subsequent announcement of open offer	[24]
12	2012	Incorporation of Thomas Cook Lanka (Private) Limited, a 100% Subsidiary of the Company	[25]
13	2012	Launch of Borderless Prepaid Multicurrency Forex Card	[26]
14	2011	Signed an agreement for marketing and distribution of borderless prepaid multicurrency foreign exchange card	[27]
15	2011	Incorporation 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	[28]
16	2010	Execution of a Seven Year Arrangement with New Delhi International Airport	[29]
17	2010	Launch of 9 Foreign Exchange and Travel Counters	[30]
18	2009	Issue of 50,650,699 Shares through a Rights Issue by Thomas Cook (India) Limited	[31]
19	2008	Acquisition of 74.9% Stake by Thomas Cook UK and TCIM in Thomas Cook (India) Limited	[32]
20	2007	Thomas Cook India Limited & LKP Forex Merger	[33]
21	2006	100% acquisition of Travel Corporation (India) Limited by Thomas Cook (India) Limited	[34]
22	2005	100% Acquisition by Dubai Financial (LLC) of TCIM	[35]
23	2000	Commencement of Operations in Sri Lanka	[36]
24	1998	Commencement of Operations in Mauritius	[37]
25	1983	Listing of Thomas Cook India Limited on BSE Pursuant	[38]
26	1978	Conversion of the branch office into a private limited company	[39]
27	1881	Thomas Cook & Son opens its first branch office in Bombay	[39]

References

1. NSE "NSE of India - Thomas Cook India"
2. BSE "BSE of India - Thomas Cook India"
3. "Why Thomas Cook (India) is not affected by Thomas Cook's collapse". Hindu Business Line. Retrieved 24 September 2019.
4. "Thomas Cook Travel Agency Locations" Vedding
5. "Thomas Cook India About Us". Thomas Cook India. Retrieved 9 September 2019.
6. "Thomas Cook - The Founder of Mass Tourism" Pravda Report
7. "Thomas Cook History" Business Standard
8. "Thomas Cook India Grows through Acquisitions" The Hindu, 11 August 2015
9. "Thomas Cook India Arm Quess Corp to Acquire 49% Stake" Times of India, June 1, 2015
10. "Mumbai HC Approves TCIL and Sterling Holiday Resorts Merger" Business Standard, July 14, 2015
11. "Thomas Cook India Acquires Luxe Asia" Money Control
12. "Thomas Cook Acquires Kuoni India" Business Standard, 8 August 2015
13. "With Tata Capital's travel, forex biz in the kitty, Thomas Cook eyes $100 m in extra volumes". @businessline. Retrieved 2018-05-14.
14. "Thomas Cook collapse: To avoid links with UK namesake, Indian unit may change its name". India Today. Ist. Retrieved 2019-09-25.
15. "Thomas Cook India Ltd Opens new outlet at Ranjit Avenue in Amritsar", "Equity Bulls"
16. 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"
17. "Small Tech Assisted Outlets", "The Hindu Business Line"
18. "Thomas Cook India Acquires Luxe Asia", "Money Control"
19. "Thomas Cook India Announces Closure of Kuoni Travel India Pvt Ltd", "The Hindu Business Line"
20. Acquisition of Kuoni Group's travel business in India, Hong Kong by Thomas Cook (India) Limited "Thomas Cook Acquires Kuoni Group", "Economic Times"
21. "Thomas Cook India Launches One Currency Card", "Travelbiz Monitor", 3 December 2015
22. "Thomas Cook India Launches Forex App", "Travelbiz Monitor"
23. "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.
24. "Acquisition of 76.8% stake by Fairbrige", "The Hindu Businessline"
25. "Incorporation of Thomas Cook Lanka", "Business Standard"
26. Launch of Borderless Prepaid Multicurrency Foreign Exchange Card "Launch of Borderless Prepaid Card"
27. "Thomas Cook Signed an Agreement for Marketing & Distribution of Borderless Forex Card", Money Control
28. "Thomas Cook India Collaborates with Mastercard", "India Business Brief"
29. "Thomas Cook Enters into a Deal with Delhi Airport", "Hotelier India"
30. "Thomas Cook Enters a 7 Year Deal with Delhi International Airport" Franchise Mart
31. "Thomas Cook Official Shares Report"
32. "Fair Bridge Capital is Promoter of Thomas Cook India", "Business Today"
33. "Thomas Cook & LKP Forex Merger" Economic Times
34. "Thomas Cook India Company Profile", "India Infoline"
35. Thomas Cook India Reconstitutes Board
36. "Commencement of Operations in Sri Lanka"
37. Commencement of Operations in Mauritius
38. Listing of Thomas Cook (India) Limited on BSE pursuant to an initial public offering "Thomas Cook Listed on BSE Pursuant" SEBI
39. "Thomas Cook History"