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Thomas Cook (India)

Thomas Cook (India)

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Published by Visharad Saxena

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Published by: Visharad Saxena on Dec 21, 2010
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In 1881. politicians. ‡ ‡ . But it wasn't until the early 1860s that he began the travel firm. And on 21st October 1978. As the years passed by. Thomas Cook & Son. Driving innovation in the business. the Company came to be known as Thomas Cook Overseas Ltd. it connected continents and presented the people an economic and state mode of travel across them. bishops and professors patronised Thomas Cook's travel itinerary. the Company introduced the world to a whole new concept of leisure and business travel. it was christened Thomas Cook (India) Ltd. And it marked the beginning of a chapter in history. Thomas Cook started its India operations. the Group commenced its operations in Mauritius and also acquired the Sri Lanka business from Thomas Cook Overseas Ltd. As it expanded its horizons across the subcontinent.kings. In the year 2000. The world got around and by the early 1900s. with its first office being set up in Kolkata.Company Profile ‡ ‡ Thomas Cook(History) In 1841. The Company also started operations for military transport and postal services for England and Egypt during the 1880s. the who's who of the era . which included tours of the USA. He went on to introduce a railway tour of Europe. only to make its first public issue in February 1983. UK. young Thomas Cook arranged an 11-mile train journey for a motley group of passengers from Leicester to Loughborough.

and Insurance. Thomas Cook (India) operates in the following areas of business. is the largest integrated Travel and Travel related Financial Services Company in the country offering a broad spectrum of services that include Foreign Exchange. namely: Leisure Travel Corporate Travel Management MICE. Leisure Travel. The Company launched its Indian operations in 1881 and is celebrating its 127 years of world-class service in India.Company Profile ‡ Thomas Cook (India) Ltd. Corporate Travel. Foreign Exchange SWIFT Network Travel Insurance Credit Cards Pre-Paid Cards Life Insurance and E-Business ‡ ‡ ‡ ‡ ‡ ‡ ‡ ‡ .

the Company won the Best Tour Operator at the CNBC Awaaz Travel Awards 2008 and was also accredited the P1 rating which is the highest financial rating given by Crisil. Thomas Cook Group plc is one of the largest travel groups in the world with a market capitalization of approximately US$6 Billion. . Thomas Cook (India) Limited (TCIL) is a part of Thomas Cook Group plc UK (TCG).‡ ‡ ‡ ‡ Post March 31st 2008. over the years has received several prestigious awards such as the Golden Peacock Award for excellence in Corporate Governance and the Pacific Asia Travel Association (PATA) Golden Award for Best Travel. TCG announced its decision to acquire TCIL from Dubai Investment Group. Recently. The company has overseas operations in Sri Lanka which is a branch of TCIL and Mauritius which is a subsidiary of Thomas Cook (India). TCIL presently operates in over 72 cities across over 180 locations. Thomas Cook (India) acquired LKP Forex Limited and Travel Corporation (India) Pvt. Ltd. On March 7th 2008. Thomas Cook (India).200 resources and is listed on both the Bombay Stock Exchange as well as the National Stock Exchange. (TCI). The Company employs over 2. In June 2006.

It operates its own Taj Tour and Delhi City Tour and is a G. Canada. Business Travel and Leisure Travel. Korea. China. Besides tours to popular destinations in India and neighbouring countries. Amtrak. PATA. UFTAA and USTOA. TCI organises customised vacations and package tours to worldwide destinations. TCI is a member of AFTA. in India for Globus & Cosmos Tours. IATA. TCI's core activities are Inbound Tourism.A. Europe. It has 25 offices in India and a total of 11 offices in USA. conferences and air charter / cruise ship ground operations. Japan Rail and a PSA of Costa Cruises. giving you optimum value for money. ICCA. TCI specialises in special interest and incentive tours. TAAI.Travel Corporation Of India Ltd. TCI is a leader in the inbound tourism field and works closely with tour operators worldwide. Over 1000 professionals at TCI offer expert guidance and take care of your every requirement. Rail Europe.A.S. ‡ Travel Corporation (India) Ltd. (TCI) is India s premier travel and tour organisation. established in 1961. ‡ ‡ ‡ . Japan and Australia. Greyhound. for the Palace on Wheels and the Deccan Odyssey. ASTA. UK. JATA.S. TCI is one of India s largest outbound operators and is the G. IATO.

besides annual awards and recognitions. ‡ TCI s Corporate Travel Management Services include implant operations. ‡ TCI has won the National Tourism Award for Excellence in the Tourism Industry in Category I every year since 1976.Travel Corporation Of India Ltd. conferences and incentive tours for multinationals and leading companies in India. TCI TravelNet offers travel services through toll free numbers and on-line secure bookings on www. foreign exchange.tcindia. TCI's strong resources deliver the best in the industry.50. ‡ TCI has a widely distributed network of over 2000 travel agents and tour operators worldwide and service over 2. ‡ In keeping with worldwide trends.com. .000 travellers annually. travel insurance.

the complementary strengths of both the companies will leave the group well placed to meet any challenges". Udayan Bose.45 crores. In view of the increase in inbound tourism that the country is witnessing. In view of the future of the travel industry.During the Merger ‡ Mumbai. The acquisition is subject to the approval of the hareholders of Thomas Cook India. Ltd. He further added "The TCI acquisition will consolidate our position in the inbound travel segment. who are committed to providing travelers across India with very best travel products and services". Friday December 01. 182. ‡ ‡ . Chairman Thomas Cook India said "The combination of Thomas Cook India and TCI would bring together two very successful and customer focused companies. Mr. Mr. Jehangir Katgara. (TCI). The all cash deal is worth Rs. which is in line with our objective to establish Thomas Cook India as among the largest players in India. for us to be able to offer two platforms for inbound traffic will be a big advantage in the market". Director TCI said "Mergers and acquisitions are strengthening organizations all over the world and India is no exception. The company proposes to acquire the entire shareholding of TCI. 2006: Thomas Cook (India) Ltd (TCIL). the country's leading travel solutions company today announced its decision to acquire Travel Corporation (India) Pvt. which post acquisition will be a wholly owned subsidiary of Thomas Cook India.

Katgara has accepted the request from Thomas Cook to continue on the Board of TCI. ‡ ‡ ‡ . once the merger of the companies (currently pending with the Bombay High Court) is completed. The total platform will have almost 200 branches and outlets. TCI's branches add up to 27. TCI which will become a wholly owned subsidiary of Thomas Cook India but will continue to operate as a separate legal entity. making it the largest organization in terms of distribution capability. With its 68 branches in Thomas Cook.During the Merger ‡ Mr. Bose said. HSBC were the Advisor to Thomas Cook India and TCI was advised by Citigroup. TCI also has 11 offices abroad and these will now serve the Group as selling and distribution offices for the Group. Mr. which will help the process of consolidation. The combined businesses of Thomas Cook. it will add 88 branches of LKP Forex. LKP Forex and TCI will make this Group one of the largest travel and tour operators in India apart from being the largest in Forex.

5 million) in the 2004/05 financial year. 142.1 crores (US$ 31. The company was acquired by Dubai Financial LLC at the beginning of the year.200 staff and generated revenue of Rs.‡ Thomas Cook has been present in India for 125 years and operates a total of 68 offices at various locations in the country and has operations in Sri Lanka & Mauritius. It employs around 1. .

Canada. It employs around 1. Europe. .About TCI Travel Corporation (I) Pvt.6 million) in the 2005/06. 40 crore (US$ 8. Japan.000 staff and reported an income of Rs. It operates 27 offices at major tourist destination and cities in India and 11 offices in USA. UK. China and Australia and is one of India's largest tour operators. Korea. Limited is one of India's premier travel and tour organization offering national and international travel and tour services.

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