Thomas Cook India


Thomas Cook 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. Thomas Cook India is a subsidiary of Fairfax Financial Holdings Limited, through its wholly owned subsidiary, Fairbridge Capital Limited, and its controlled affiliates which holds 67.61%.

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.
In 1881, Thomas Cook started its India operations in Bombay, and in October 1978, saw it christened Thomas Cook 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.
In 2006, Thomas Cook India Limited acquired LKP Forex Limited and Travel Corporation Pvt. Ltd..
In May 2012, Fairbridge Capital Limited acquired Thomas Cook India, and became a part of Fairfax Group, Canada.
In 2013, Thomas Cook India Limited acquired Quess Corp, and Sterling Holiday Resorts.
In 2015, Thomas Cook Lanka Pvt. Ltd. acquired Luxe Asia Pvt. Ltd., Sri Lanka, 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 Private Limited, a travel operator in India, and Kuoni Travel Limited, a travel operator in Hong Kong.
In September 2017, Thomas cook acquired Tata Capital's forex and travel business. 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.
NumberYearDescriptionRef
12019The 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
22019Thomas Cook India Ltd Opens New Outlet In Punjab
32016Thomas Cook taps into India's m-commerce growth opportunity launches India's first end-to-end Holiday-App
42016Thomas Cook India targets Tier III growth markets via small tech assisted outlets
52015Thomas Cook India Acquired Sri Lanka Based Luxe Asia
62015Announced Closure of Kuoni Travel India Private Limited Company
72015Acquisition of Kuoni Group's Travel Business in India
82015Launched Thomas Cook One Currency Card
92015Launched Thomas Cook Forex Mobile App
102013Acquisition of Stake in Quess Corp
112012Acquisition of 76.81% Stake by Fairbridge in Thomas Cook Limited from Thomas Cook UK and TCIM and subsequent announcement of open offer
122012Incorporation of Thomas Cook Lanka Limited, a 100% Subsidiary of the Company
132012Launch of Borderless Prepaid Multicurrency Forex Card
142011Signed an agreement for marketing and distribution of borderless prepaid multicurrency foreign exchange card
152011Incorporation of TC Visa Services Limited in Maharashtra, a wholly owned Subsidiary of Travel Corporation Limited, which is a 100% Subsidiary of the Company
162010Execution of a Seven Year Arrangement with New Delhi International Airport
172010Launch of 9 Foreign Exchange and Travel Counters
182009Issue of 50,650,699 Shares through a Rights Issue by Thomas Cook Limited
192008Acquisition of 74.9% Stake by Thomas Cook UK and TCIM in Thomas Cook Limited
202007Thomas Cook India Limited & LKP Forex Merger
212006100% acquisition of Travel Corporation Limited by Thomas Cook Limited
222005100% Acquisition by Dubai Financial of TCIM
232000Commencement of Operations in Sri Lanka
241998Commencement of Operations in Mauritius
251983Listing of Thomas Cook India Limited on BSE Pursuant
261978Conversion of the branch office into a private limited company
271881Thomas Cook & Son opens its first branch office in Bombay