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Thomas Cook (India)
Thomas Cook (India) Ltd on Monday reported a 47.7 per cent decline in consolidated net profit to Rs 47.3 crore in the December quarter, impacted by higher expenses. The company had posted a consolidated net profit of Rs 90.53 crore in the same period in the last fiscal year, Thomas Cook (India) said in a regulatory filing. Consolidated income from operations during the quarter under review stood at Rs 2,061.01 crore as compared to Rs 1,893.13 crore in the year-ago period, it added. Total expenses in the quarter were higher at Rs 2,008.12 crore as compared to Rs 1,834.02 crore in the same quarter of the last fiscal year. "Despite escalated geopolitical tensions and abnormal currency volatility during the quarter impacting international DMS (destination management services) operations, we maintained our margins, reflecting our focus on effective cost management and sustainable growth across our lines of business," Thomas Cook (India) Executive Chairman Madhavan Menon said. Travel an
Omnichannel travel firm Thomas Cook (India) on Tuesday said it signed a partnership with the central government for providing accommodation, catering and transport services for the National Games of India 2025 being held in Uttarakhand. National Games of India 2025 is a multi-sport extravaganza bringing together top athletes from across the country to participate in 32 sporting disciplines and 4 demonstration events during January 28-February 14, 2025, Thomas Cook said in a statement. Thomas Cook India has been appointed the exclusive partner to deliver end-to-end management across 3 key portfolios of accommodation, catering and transport for 20,000 contingent, including over 10,000 athletes, 5,000 support staff, and 3,000 dignitaries. For this, the company has set up a dedicated team of over 200 members to manage operations across 11 locations and 32 venues. Additionally, the company will sponsor physiotherapy services throughout the 38th National Games with a dedicated team of 54
The country's hospitality sector is likely to witness strong tailwinds in the medium to long term, with demand outpacing supply, Thomas Cook India's Executive Chairman Madhavan Menon said. In an interview with PTI, he shared that the company's expansion plans in India are focused on a phygital model, and it is looking at opening around 20 new holiday outlets this fiscal through a combination of owned and franchise locations, and this will include key source markets across Tier 1-3 cities and towns. The company reported a consolidated net profit of Rs 73.13 crore during the first quarter ended June 30, marginally up from Rs 70.93 crore a year ago, according to a regulatory filing. During the April-June quarter, Thomas Cook India's total income rose to Rs 2,134.33 crore from Rs 1,931.87 crore in the year-ago period. "In the medium and long term, the tailwinds for the hospitality sector remain strong, with demand expected to continue outpacing supply," Menon told PTI. Citing industry
Travel services provider Thomas Cook (India) on Tuesday said it has collaborated with National Payments Corporation of India (NPCI) to launch its first RuPay prepaid forex card for Indian travellers visiting the UAE. The partnership commences with the UAE as a pilot, which will be followed by a global rollout in a phased manner, Thomas Cook said in a statement. Travellers can use Thomas Cook's RuPay AED (United Arab Emirates Dirham) card extensively across the UAE for transactions and ATM withdrawals. The company claimed that it is the first and the only company to have partnered with NPCI to launch RuPay AED prepaid forex card. "This innovative Made-in-India initiative is a first-of-its-kind partnership with an Indian non-banking entity," Thomas Cook (India) Executive Vice-President - Foreign Exchange, Deepesh Varma said. The UAE is an important global market for Thomas Cook (India) foreign exchange business and the company's card business has witnessed a significant growth, with
Targeting the surge in demand for spiritual tourism, Thomas Cook India and its group firm SOTC Travel have partnered with the Uttarakhand Tourism Development Board to offer aerial darshans to Adi Kailash and Om Parvat, the company announced on Wednesday. The five-day spiritual tour has been launched at a price of Rs 90,000 per person -- subsidized by the Uttarakhand Tourism Development Board. The base camp for the tour will be Pithoragarh, in Uttarakhand. The darshans will start from the second day onwards. On the day-2 of the trip Manokamna temple darshan will be organised and on day-3 onwards there will be Adi Kailash & Om Parvat darshan. Each batch of the five-day spiritual tour will consist of 14 persons. Thomas Cook and SOTC's data indicates a significant demand of 100 per cent YoY for Spiritual Tourism. The tour includes two helicopter darshans to Adi Kailash and Om Parvat, an ATV (All-Terrain Vehicle) for journey to the Parvati Sarovar temple and all meals (vegetarian), ...
Travel and forex services company Thomas Cook (India) on Thursday said it has partnered with National Payments Corporation of India (NPCI) to launch a RuPay prepaid forex card for Indians travelling to the UAE as a pilot. "We are bullish about our forex card business and I am delighted to partner with NPCI for the upcoming launch of our pioneering RuPay prepaid forex card. "This unique Made in India initiative will go live with UAE as the pilot destination, followed by a phase wise global rollout," Thomas Cook (India) Managing Director and Chief Executive Officer Mahesh Iyer said in a statement. Thomas Cook RuPay card will be offering many benefits, including Thomas Cook travel vouchers worth Rs 13,900, lounge access at International Airports in India, free ATM withdrawal, free replacement on loss of card, complimentary insurance cover and more, he added. NPCI said, "We extend gratitude to our partners, Thomas Cook and Card91, for their collaborative efforts in crafting and develop
Omni-channel travel services firm Thomas Cook India on Thursday reported a consolidated net profit of Rs 70.9 crore in the June quarter. The firm had reported a loss of Rs 6.9 crore in the year-ago period. The company's total income from operations grew to Rs 1,931.8 crore during the first quarter of the current fiscal from Rs 989.8 crore in the year-ago period, a regulatory filing to the BSE showed. However, its total expenses also rose to Rs 1,831 crore for the quarter under review from Rs 990 crore in the corresponding period last year. Thomas Cook (India) Ltd (TCIL) Executive Chairman Madhavan Menon said, "On the back of a commendable performance in FY23, the first quarter of FY24 has seen yet another very strong performance by the TCIL Group with operating EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) at Rs 1,474 million (Rs 147.4 crore) versus Rs 555 million (Rs 55.5 crore) for Q1 FY23." The robust performance for the April-June period -- a ...
Travel services provider Thomas Cook (India) Ltd on Wednesday announced top-level rejig with Madhavan Menon designated as Executive Chairman while Mahesh Iyer has been elevated as Managing Director and Chief Executive Officer. The company's board of directors in its meeting on Wednesday approved the re-designation and appointment of Menon as Executive Chairman in the category of Whole-Time Director from his earlier designation as Chairman and Managing Director, Thomas Cook (India) said in a regulatory filing. His appointment will be for a fresh term of five years commencing from July 5, 2023, to July 4, 2028, not liable to retire by rotation, it added. Further, the board approved Menon's continuation as Executive Chairman on attaining the age of 70 years on February 12, 2025, during his tenure, it added. The company said its board also approved the re-designation of Iyer as MD and CEO from his earlier designation as Executive Director and CEO. Iyer's re-designation as Managing ...
Sterling Holidays Resorts Ltd, a part of Thomas Cook India group, plans to add a new hotel every month in the second half of this year to cash in on the robust growth witnessed in domestic tourism, according to a top group official. The company expects the number of properties to increase to 55 during the course of next year, Thomas Cook (India) Chairman and Managing Director Madhavan Menon told PTI. As on April 30, 2023 Sterling has 2,447 rooms across 40 resorts, out of which 15 company-owned resorts, 10 leased and 15 management contracts. It plans to add 188 rooms across six resorts in the first half of the current financial year. "Sterling Holidays Resorts, which is becoming a hospitality business from what was originally conceived as a timeshare, is going to add a new hotel every month in the second half of this year," he said. Menon further said, "We are going to see nearly a 50 per cent increase in the number of rooms we will offer at Sterling over the next one and a half ...
Desert Adventures Tourism, a wholly-owned subsidiary of Thomas Cook India, and GCC-based travel conglomerate Kanoo Travel have signed an agreement to establish a joint venture in Saudi Arabia. The collaboration will bring together two travel trade organisations in the Middle East, aiming to create the most comprehensive destination services company in the region, according to a statement on Wednesday. "The synergies will ensure a portfolio of extensive and exceptional destination services in Saudi Arabia," Thomas Cook (India) Chairman and Managing Director Madhavan Menon said. Desert Adventures is a destination management company headquartered in the UAE, operating in the Gulf Cooperation Council (GCC) countries and Jordan. "Our partnership with Desert Adventures Tourism brings together our collective expertise, industry knowledge, and innovative approach to deliver exceptional solutions and services," Yusuf Bin Ahmed (YBA) Kanoo Company, Saudi Arabia, deputy chairman and YBA Kanoo
Omnichannel travel services firm Thomas Cook India and its group company SOTC Travel on Tuesday partnered with LTIMindtree to launch 'Green Carpet', a global platform that will help companies to monitor and manage their business travel emissions. Markets regulator Sebi has mandated the top 1,000 listed companies in India by market capitalisations to make filings as per the Business Responsibility and Sustainability Reporting (BRSR) from 2023-24. A SaaS-based platform, "Green Carpet" is designed to address specific concerns faced by organisations, helping them capture, monitor, analyse and reduce their carbon emissions from business travel. It offers real-time insights related to Scope 3 emissions and helps organisations to significantly reduce their ESG reporting costs. "The Sebi (Securities and Exchange Board of India) BRSR mandate extends to the top 1,000 listed companies by market cap - starting from FY24. So this is an immediate need for these enterprises. "Of these 1,000 list