#thomas_cook_india

Thomas Cook India Expands Foreign Exchange Network with New Guwahati Outlet Thomas Cook (India) Limited inaugurated a new foreign exchange outlet in Guwahati on April 7, 2026, marking its third location in Assam and strengthening its presence in the Northeast Indian market. The outlet offers a range of forex services, including prepaid travel cards, currency exchange for 26 destinations, and overseas remittances covering 120+ countries. The expansion targets Guwahati's 6 lakh passport holders and aligns with the company's omnichannel "phygital" strategy, which integrates physical and digital platforms to enhance customer access to forex services. The new Guwahati outlet is part of Thomas Cook India's broader effort to capitalize on the city's role as a gateway to Northeast India. Guwahati has emerged as a fast-growing hub for business and outbound travel, driven by increasing outbound leisure travel, a growing student population, and rising business activity. The company noted a steady rise in walk-in inquiries, website traffic, and call-center referrals from the region, underscoring the market's potential. With the addition of Guwahati, Thomas Cook India now operates three locations across Assam, including its existing presence at the Lokpriya Gopinath Bordoloi International Airport (LGBIA). This expansion reflects the company's commitment to expanding its footprint in the Northeast, where it aims to serve a larger customer base. The outlet operates as a franchise, emphasizing its strategic focus on regional growth. The new outlet provides a comprehensive product portfolio tailored to diverse customer needs.#guwahati #thomas_cook_india #lokpriya_gopinath_bordoloi_international_airport #deepesh_varma #crisil

Thomas Cook India Strengthens Foreign Exchange Footprint in Assam with New Guwahati Outlet Mumbai, April 7, 2026: Thomas Cook (India) Limited, a leading omnichannel foreign exchange services provider in India, has expanded its regional presence by inaugurating a new franchise outlet in Guwahati, Assam. This marks the company’s third location in the state, following its existing presence at the Lokpriya Gopinath Bordoloi International Airport (LGBIA). The move aligns with Thomas Cook India’s strategic focus on high-growth markets in the Northeast, where demand for foreign exchange services has surged due to increasing outbound leisure travel, a growing student population, and robust business activity. The Guwahati outlet is positioned to cater to a diverse customer base, including multigenerational families, students, and working professionals, who require access to currency notes, prepaid forex cards, and student remittances. The city’s status as a gateway to Northeast India has further amplified its significance, with approximately 6 lakh passport holders contributing to a substantial and expanding traveler base. The launch of the new terminal at LGBIA is expected to boost international connectivity, further solidifying Guwahati’s role as a key forex market. The outlet offers a range of financial products and services, including prepaid travel cards in partnership with Mastercard and Visa. These include the "Borderless Travel" card, which provides access to 12 global currencies, the "FX Enterprise" card, India’s first eco-friendly forex prepaid card for business travel, and the "Study Buddy" card for overseas education. Additionally, the "Thomas Cook One Currency Card" eliminates cross-currency conversion fees, while the "Send Money Abroad" service covers over 120 countries.#guwahati #mastercard #thomas_cook_india #visa #lokpriya_gopinath_bordoloi_international_airport

Thomas Cook, Atirath Technologies to launch AI platform for travel Thomas Cook (India) Ltd. and Atirath Technologies have announced a partnership to develop an AI platform tailored for the Indian travel market. The collaboration will see both companies hold equal 50% stakes in the venture, with corresponding board representation and shared decision-making authority as outlined in their original agreement from September 30, 2024. The initiative aims to deliver enhanced, personalized travel experiences through the use of indigenous technology. In parallel, Thomas Cook is restructuring its operations by spinning off its resort management division into a separate entity named Sterling Holiday Resorts. Once the separation is approved, shareholders will receive shares in Sterling Holiday Resorts. The company plans to list these shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), marking a significant step in its strategic realignment. This move is expected to provide investors with new opportunities while allowing Thomas Cook to focus on its core travel services.#national_stock_exchange #bombay_stock_exchange #thomas_cook_india #sterling_holiday_resorts #atirath_technologies

Thomas Cook (India) Limited Increases Investment in Joint Venture for Travel AI Platform Development Thomas Cook (India) Limited has approved an additional investment of INR 2.50 crore into its joint venture, Indian Horizon Marketing Services Limited (IHMSL). The investment is structured as a subscription to 25 lakh Class A Equity Shares, each with a face value of Rs. 10. This preferential allotment ensures Thomas Cook retains full ownership of the Class A Equity segment of the joint venture, which is focused on co-developing a Travel AI Platform. The capital infusion, made on March 27, 2026, underscores the company’s commitment to strengthening its strategic partnership with Atirath Technologies Private Limited. IHMSL, established as a joint venture between the two entities in December 1989, aims to leverage technological advancements to enhance the travel services ecosystem. The investment will fund the development of the AI platform, positioning the venture at the forefront of innovation in the travel industry. Prior to this allotment, Thomas Cook held 100% of the Class A Equity Shares in IHMSL. The issuance of 25 lakh new shares at face value maintains the company’s full ownership stake in the equity segment. The transaction was executed at an arm’s length basis, aligning with the company’s existing shareholding structure. The formal allotment of the new shares is expected to be finalized by April 8, 2026. This follows a prior supplemental agreement announced on March 24, 2026, highlighting the company’s ongoing efforts to deploy capital strategically. The investment reflects a long-term vision to integrate advanced technologies into its travel offerings, ensuring competitiveness in a rapidly evolving market.#thomas_cook_india #indian_horizon_marketing_services #atirath_technologies #travel_ai_platform #ihmsl

Thomas Cook India to Spin Off Resorts Business Amid Analyst Skepticism Thomas Cook (India) Ltd. announced plans to separate its resorts and resort management operations into a new entity, Sterling Holiday Resorts Ltd. (SHRL). Shareholders will receive 0.81 SHRL shares for each TCIL share they hold. The move, which also involves share consolidation and merging inactive subsidiaries, aims to create a focused hospitality business. This decision comes as TCIL faces margin pressures and widespread analyst skepticism, with most rating its stock a 'Sell'. The demerger involves consolidating TCIL's shares by combining four ₹1 face value shares into one ₹4 share, followed by reducing the face value to ₹3 per share. Three inactive subsidiaries will also be merged to streamline operations and cut administrative costs. The plan requires approval from the National Company Law Tribunal (NCLT) and other regulatory bodies before it can proceed. Following the announcement, TCIL shares rose 5.17% to ₹103.80 on March 20, 2026. The newly separated hospitality unit, SHRL, which manages six Nature Trails resorts, reported strong financial performance in FY25. Its revenue grew 13% year-on-year to ₹5,202 million, with a consistent 34% EBITDA margin. SHRL operates without debt, positioning it to capitalize on the Indian hospitality sector’s projected 9-12% revenue growth in 2025-26. In contrast, TCIL’s core travel segment struggled, with a 12% year-on-year decline in EBITDA for Q2 FY26. Revenue for the quarter increased 3% year-on-year to ₹20,738.40 million, but net profit fell slightly to ₹707.50 million. TCIL’s return on equity (ROE) of 11.9% lagged behind industry peers like IRCTC (35.32%) and BLS International (24.97%), highlighting inefficiencies the demerger aims to address.#thomas_cook_india #national_company_law_tribunal #irctc #sterling_holiday_resorts_ltd #mahesh_iyer

Thomas Cook (India) Demerges Resort Enterprise Thomas Cook (India) Limited’s board of directors has approved a proposal to demerge its Resorts and Resort Management business into Sterling Holiday Resorts Limited (SHRL) and restructure the company’s capital. The plan, which requires approval from the National Company Law Tribunal (NCLT) and other regulatory bodies, aims to unlock value for shareholders by separating the resort operations and attracting investors to each business segment. The demerger will involve transferring TCIL’s resort management activities, including six properties under the Nature Trails brand, to SHRL. These resorts are located in scenic regions across India and cater to diverse market segments such as adventure holidays, educational trips, and corporate getaways. The move is expected to streamline TCIL’s capital structure, improve earnings per share, and allow for a more focused approach to each business vertical. In a statement, Thomas Cook India Limited’s Managing Director and CEO, Mahesh Iyer, expressed optimism about the demerger, stating it would “unlock tremendous value and potential for TCIL shareholders” by enhancing financial performance and enabling SHRL to pursue independent growth in India’s expanding hospitality sector. The restructuring also paves the way for a potential future listing of SHRL, giving it autonomy to develop its own strategies in the industry. The decision reflects a broader trend among companies to reorganize operations for efficiency and shareholder value. By separating its resort assets, TCIL aims to address challenges in the hospitality sector while positioning both entities for long-term success. The approval marks a significant step in reshaping the company’s business model and aligning with market demands.#thomas_cook_india #national_company_law_tribunal #sterling_holiday_resorts #mahesh_iyer #nature_trails

Can the Sterling demerger revive Thomas Cook’s fortunes? Thomas Cook’s shareholders had seen their wealth quadruple in just about a year since March 2023, before the stock fell more than 60% from its July 2024 peak. While the demerger hopes to unlock value with a higher strategic focus, investors need tangible progress on the ground before sentiment can turn around. Thomas Cook India announced the demerger of its resorts and resort management business into Sterling Holiday Resorts Ltd (SHRL) on 20 March. Investors were not enthused, and the stock has slipped 7% since then, taking its 1-year tally to -30%.#stock_market #thomas_cook_india #thomas_cook #sterling_holiday_resorts_ltd #demerger

Thomas Cook India and SOTC Travel Partner with Booking.com to Enhance Corporate Travel Options Indian corporates are set to benefit from a new collaboration between Thomas Cook (India), its group company SOTC Travel, and Booking.com. The partnership integrates Booking.com’s extensive global inventory—over 31 million listings across 220 countries—into the corporate booking platforms of Thomas Cook and SOTC. This move provides business travelers with a wide range of accommodation choices, including luxury hotels, resorts, homes, and apartments, while ensuring compliance with company travel policies. The collaboration aims to address the growing demand for flexibility, transparency, and choice among business travelers. Indiver Rastogi, president and group head of global business travel for Thomas Cook and SOTC, emphasized that the partnership offers policy control, price clarity, and reliable service support. Key features of the offering include GST-compliant invoices, curated hotel options for SMEs to large enterprises, coverage in over 2,500 Indian cities, verified traveler reviews, and integrated policy controls for approvals, budgets, and credit limits. Booking.com’s VP of partnerships, Mark van der Linden, highlighted the goal of providing corporate travelers with a seamless experience akin to personal trips, while maintaining necessary corporate safeguards. The partnership also includes real-time booking access on desktop and mobile devices, enterprise-specific pricing, loyalty benefits, and future integrations with Thomas Cook’s TravelOne platform. These enhancements are expected to streamline corporate travel, making it more efficient and secure.#malaika_arora #thomas_cook_india #sotc_travel #bookingcom #myntra_jabong

Thomas Cook India and SOTC Travel Partner with Booking.com Under Regulation 30 Thomas Cook (India) Limited and SOTC Travel have formalized a strategic partnership with Booking.com through regulatory filing under SEBI Regulation 30. The collaboration integrates Booking.com's extensive global accommodation inventory of over 31 million listings across 220+ countries into both companies' corporate booking platforms, offering Indian businesses enhanced choice with enterprise-level controls, price transparency, GST compliance, and comprehensive support services. The partnership was announced via a press release dated March 10, 2026, filed under SEBI Regulation 30. The announcement was shared with BSE Limited and National Stock Exchange of India Limited, underscoring the strategic importance of the collaboration. The initiative aims to deliver comprehensive accommodation solutions for Indian corporates through improved digital booking platforms. The partnership provides Thomas Cook India and SOTC Travel's corporate clients access to Booking.com's global accommodation inventory. Booking.com's listings are now live on both companies' corporate booking tools, enabling immediate access to a wide range of accommodations. This integration is designed to streamline travel arrangements, reduce administrative burdens, and enhance cost-efficiency for businesses. Key features of the partnership include enterprise-level controls to manage bookings, price transparency to ensure competitive rates, and compliance with GST regulations. Additionally, the collaboration offers comprehensive support services to address client needs effectively. Thomas Cook India and SOTC Travel also resolved a significant income tax dispute, eliminating a contingent liability that had been pending since the Assessment Year 2016-17.#thomas_cook_india #sotc_travel #booking_com #sebi_regulation_30 #amit_j_parekh

Thomas Cook India and SOTC Travel Expand Corporate Accommodation Solutions with Booking.com Thomas Cook (India) Limited and SOTC Travel have partnered with Booking.com to enhance corporate accommodation options for business travelers. The collaboration integrates Booking.com’s extensive global inventory of over 31 million listings across 220+ countries into the companies’ corporate booking platforms. This integration allows Indian businesses to access a broader range of accommodation choices while ensuring compliance with company policies, transparent pricing, and enterprise travel controls. The solution addresses key priorities for corporate travel managers and procurement teams, such as expanding accommodation options within travel policies, providing GST-compliant invoicing, improving traveler safety, and offering dedicated service support. Enterprise-focused features include property-issued invoices to support financial audit trails, curated accommodation options for small and medium enterprises as well as large corporations, and coverage across more than 2,500 cities and towns in India. Booking.com’s platform offers properties with verified traveler reviews and business-friendly amenities designed to support productivity during business trips. The tool also enables integrated policy controls, such as travel approvals, budget limits, credit management, and real-time booking updates through desktop and mobile interfaces. Indiver Rastogi, President and Group Head of Global Business Travel at Thomas Cook (India) and SOTC Travel, emphasized that business travel programs are evolving toward greater choice, flexibility, and transparency. The partnership with Booking.com aims to redefine accommodation access by expanding global options while enhancing compliance and service frameworks. Combining Booking.#india #thomas_cook_india #sotc_travel #bookingcom #travelone_platform