Latest news about Thomas Cook
Thomas Cook India CEO Vikram Lalvani Highlights Strong Domestic Travel Growth, Eyes Network Expansion and Digital Tools
Thomas Cook
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More news about Thomas Cook
13May 26
Thomas Cook (India) Limited Authorises Transfer of 17,098 Equity Shares Under ESOP Schemes
Thomas Cook (India) Limited's Nomination and Remuneration Committee, on May 12, 2026, authorised the transfer of 17,098 equity shares of Re. 1/- each to eligible employees under two ESOP schemes — 10,388 shares under the EXECOM 2018 scheme and 6,710 shares under the Management 2018 scheme. The ESOP Trust, through Trustee IDBI Trusteeship Services Limited, is mandated to execute the transfers as per employee entitlements. The disclosure was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
12May 26
Appellate Tribunal Under SAFEMA Reduces Thomas Cook India's FEMA Penalties from Rs. 61.6 Million to Rs. 39.96 Million
The Appellate Tribunal Under SAFEMA at New Delhi has partially allowed the appeals of Thomas Cook (India) Limited and its officers, reducing aggregate penalties from Rs. 61.6 million to Rs. 39.96 million, excluding an earlier deposited aggregate amount of Rs. 12.3 million. The violations relate to Section 10(4), Section 10(5), and Section 3(a) of the Foreign Exchange Management Act, 1999. The company received the order on May 11, 2026, and has confirmed no material impact on its financials or operations. Thomas Cook India is currently reviewing the order to determine the appropriate course of action.
08May 26
Thomas Cook India & SOTC Travel Sign Strategic MoU with Vietnam's Vinpearl to Boost Indian Traveller Experiences
Thomas Cook (India) Limited and SOTC Travel have signed a long-term MoU with Vinpearl, Vietnam's leading hospitality brand operating 60 properties across 20 provinces, marking Vinpearl's first investment initiative in India's travel and tourism sector. The partnership aims to position Vinpearl as a preferred Vietnam partner with exclusive inventory and priority availability, targeting both leisure and MICE traveller segments.
01May 26
Thomas Cook India Expands Prepaid Forex Card Portfolio to 28 Currencies
Thomas Cook (India) Limited has expanded its prepaid forex card portfolio to 28 currencies by adding 16 new global currencies including Chinese Yuan, Swedish Krona, Vietnamese Dong, and Malaysian Ringgit among others. The expansion creates one of India's widest currency portfolios on prepaid forex cards, available across Visa and Mastercard platforms. Customers can access these services through the company's omnichannel network, with quick delivery options via Blinkit partnership enabling card loading within an hour.
20Apr 26
Thomas Cook India Launches Visa Rejection Insurance Cover in Partnership with SOTC Travel
Thomas Cook India has launched a visa rejection insurance cover in partnership with SOTC Travel, underwritten by ICICI Lombard General Insurance. The product provides financial protection for travelers facing visa denials, representing an expansion of the company's travel insurance portfolio and demonstrating its commitment to comprehensive travel solutions.
17Apr 26
Thomas Cook (India) Limited Receives Regulatory Order Rejecting GST Appeal
Thomas Cook (India) Limited received an order dated April 17, 2026 from the Joint Commissioner of State Tax, Behala, West Bengal, rejecting its appeal application filed on July 2, 2025. The order confirms a GST demand of INR 1,99,322 arising from non-payment of GST on inward supplies liable to reverse charge. Additionally, the company must pay interest of INR 1,35,660 under Section 50 of the CGST Act, 2017, and a penalty of INR 20,000 under Section 73 of the CGST Act, 2017. The company stated it is taking necessary steps to appeal before the Appellate Tribunal and believes it has a good case on merits, with no material financial or operational impact expected.
10Apr 26
Thomas Cook India Elevates Deepti Sheth as President & Group Head – Human Resources
Thomas Cook (India) Limited announced on April 10, 2026, the elevation of Deepti Sheth as President & Group Head – Human Resources, marking a significant milestone in her decade-long journey with the Group. In her new role, she will lead the Group HR function, focusing on talent management, leadership development, employee experience, and advancing diversity and digital transformation initiatives. Sheth brings over two decades of experience in human resources and has received multiple industry recognitions including HR Icon at World HRD Congress 2026, CHRO of the Year 2025, and T.A. Pai Young HR Leader Award 2023. Her appointment reinforces Thomas Cook's commitment to strengthening leadership capabilities and people strategy across the organisation.
07Apr 26
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, expanding its Assam network to three locations. The outlet offers comprehensive 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 reinforces the company's omnichannel "phygital" strategy integrating physical and digital platforms.
01Apr 26
CRISIL Reaffirms Thomas Cook India's AA/Stable Rating with Official Press Release
Thomas Cook India received CRISIL rating reaffirmation at AA/Stable/A1+ levels, marking the highest rating for a travel & tourism company in India. The company demonstrated strong financial performance with 7.4% revenue growth and maintains robust liquidity with Rs 2,346 crore cash reserves, supported by parent Fairfax Financial Holdings' backing.
01Apr 26
Thomas Cook India Announces Retirement of Senior HR Executive Mona Cheriyan
Thomas Cook (India) Limited announced the retirement of Mrs. Mona Cheriyan, President & Group Head, Human Resources, effective March 31, 2026. The company has appointed Ms. Deepti Sheth as her successor in the same role, effective April 1, 2026. The transition was communicated to stock exchanges in compliance with SEBI regulations, ensuring continuity in the company's human resources leadership.
31Mar 26
Thomas Cook India Resolves Rs. 159.5 Mn Income Tax Demand for AY 2018-19
Thomas Cook (India) Limited has successfully resolved a pending income tax demand of Rs. 159.5 Mn for Assessment Year 2018-19, receiving confirmation through an order dated March 30, 2026, from the Deputy Commissioner of Income Tax Circle 1(3)(1), Mumbai. The company has confirmed that the resolution has no impact on its financial operations or other activities, marking a positive development that eliminates regulatory uncertainty.
28Mar 26
Thomas Cook India Invests Additional INR 2.5 Crore in Travel AI Joint Venture
Thomas Cook India has made an additional investment of INR 2.50 crore in its joint venture Indian Horizon Marketing Services Limited by subscribing to 25,00,000 Class A Equity Shares at INR 10 each. This investment, authorized by the Board Sub-Committee on March 27, 2026, follows the execution of a supplemental agreement with Atirath Technologies for developing a Travel AI Platform. The transaction maintains the existing 50:50 shareholding structure and is conducted as a related party transaction at arm's length, with share allotment scheduled by April 8, 2026.
21Mar 26
Thomas Cook India Board Approves Composite Scheme of Arrangement
Thomas Cook India has announced board approval for a comprehensive corporate restructuring scheme involving demerger of its resorts business into Sterling Holiday Resorts Limited, share consolidation from Re. 1 to Rs. 3.00 face value, and merger of three dormant subsidiaries. The scheme aims to unlock shareholder value and enable focused growth strategies across business verticals.
20Mar 26
Thomas Cook India Grants 13.70 Lakh Stock Options Under ESOP 2024-EXECOM Scheme
Thomas Cook (India) Limited granted 13,70,000 stock options to eligible employees under ESOP 2024-EXECOM scheme on March 20, 2026. Each option is convertible to one equity share with Re 1 face value at Re 1 exercise price, exercisable within 20 years from vesting. The scheme complies with SEBI regulations and includes comprehensive provisions for various employment scenarios and corporate actions.
20Mar 26
Thomas Cook India Board Approves Inter-Company Loan Conversion and Senior Management Appointments
Thomas Cook (India) Limited's board meeting on March 20, 2026, resulted in approval of strategic decisions including conversion of inter-company loan to Thomas Cook Lanka into preference shares and appointment of two senior management personnel. Mr. Deepesh Varma, with 26 years of experience and 13 years with the organization, was appointed as Chief Business Officer - Foreign Exchange, while Ms. Deepti Sheth, bringing 20 years of HR experience and 11 years with the company, was designated as President and Group Head - Human Resources, both positions effective April 1, 2026.
18Mar 26
Thomas Cook India Receives Mixed Tax Orders: Mumbai Drops Penalty While Chennai Confirms GST Demand
Thomas Cook (India) Limited received mixed tax orders on March 18, 2026. Mumbai authorities dropped a penalty of ₹2,80,175 under CGST Act Section 74, while Chennai authorities confirmed a total GST demand of ₹49,43,961 comprising short payment of ₹16,13,449, interest of ₹17,17,063, and penalty of ₹16,13,449. The company stated there is no material financial or operational impact and is evaluating next steps for the Chennai order.
14Mar 26
Thomas Cook India Authorizes Transfer of 49,196 ESOP Shares to Employees
Thomas Cook (India) Limited's Nomination and Remuneration Committee has authorized the transfer of 49,196 equity shares under two ESOP schemes to eligible employees. The authorization includes 3,000 shares under the Management 2018 scheme and 46,196 shares under the EXECON 2018 scheme, with each share valued at Re. 1/-. The transfer will be facilitated through IDBI Trusteeship Services Limited as trustee of the company's ESOP Trust.
13Mar 26
Thomas Cook India Completes Postal Ballot for Independent Director Appointments
Thomas Cook India successfully completed its postal ballot process with shareholders approving the appointment of Gurumoorthy Mahalingam as Non-Executive Independent Director for five years and re-appointment of Sharmila A. Karve for a second term. The voting saw strong support with 99.71% and 95.54% approval rates respectively, demonstrating shareholder confidence in the board composition.
11Mar 26
Thomas Cook Opens New Kolhapur Store, Expands Maharashtra Network to 29 Locations
Thomas Cook (India) Limited officially opened its new Kolhapur outlet on March 11, 2026, expanding its Maharashtra presence to 29 locations. The strategically located store at Center One Mall serves diverse customer segments including families, millennials, and business travelers, offering comprehensive travel services from international holidays to pilgrimage tours, supported by AI booking technology.
10Mar 26
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.
09Mar 26
Thomas Cook India Resolves Rs 265.40 Million Income Tax Dispute for AY 2016-17
Thomas Cook (India) Limited has successfully resolved a significant Income Tax dispute worth Rs 265.40 million for Assessment Year 2016-17, with the resolution confirmed through an official order received on March 9, 2026. The company has confirmed no adverse financial impact from this resolution and has complied with all regulatory disclosure requirements under SEBI Listing Regulations.
06Mar 26
Thomas Cook India Resolves Rs 1,341.1 Mn Income Tax Dispute for AY 2017-18
Thomas Cook (India) Limited has successfully resolved a significant income tax dispute involving Rs 1,341.10 million for Assessment Year 2017-18. The company received an official order from the Assistant Commissioner of Income Tax Circle 1(3)(1), Mumbai, settling the long-standing demand with no financial impact on operations or violations alleged.
06Mar 26
Thomas Cook India Opens First Outlet in Gwalior, Expands Madhya Pradesh Network to 6 Locations
Thomas Cook (India) Limited has opened its first outlet in Gwalior, Madhya Pradesh, expanding its state network to 6 locations. The strategically located outlet in City Centre serves customers from Gwalior and nearby towns, offering comprehensive travel services including international and domestic holidays, AI-powered booking platform, and value-added services. The expansion targets diverse customer segments and capitalizes on regional travel trends showing increased holiday durations and preference for experiential travel.
27Feb 26
Thomas Cook India Launches Ashoka Resort In Hampi, Expanding Nature Trails Network
Thomas Cook India has expanded its Nature Trails hospitality brand with the launch of Ashoka Resort in Hampi, Karnataka, bringing its total network to 6 resorts across Maharashtra, Goa, Uttarakhand, and Karnataka. The new property offers diverse accommodation options and curated heritage experiences, reflecting the company's strategic focus on experience-driven travel as domestic travelers increasingly seek meaningful connections with nature and culture.
27Feb 26
Thomas Cook India Launches Marathi Europe Tours, Appoints Subodh Bhave as Brand Ambassador
Thomas Cook India has introduced specialized Marathi Europe tours targeting Maharashtra's growing outbound travel market, featuring local Marathi-speaking guides and tailored itineraries. The company appointed acclaimed actor Subodh Bhave as brand ambassador to strengthen regional connections and operates through 29 retail outlets across key Maharashtra cities including Mumbai, Pune, and Nashik.
23Feb 26
Thomas Cook India Launches Business Travel Report 2026 with Key Industry Insights
Thomas Cook (India) Limited and SOTC Travel released their inaugural Business Travel Report 2026 based on insights from 25+ enterprises across multiple sectors. The report reveals 65% of corporates expect travel volume growth, 70% are adopting technology solutions, and 68% report growing Bleisure trends. Key findings include focus on value-driven decisions (62%), traveller experience priorities (56%), policy revisions (60%), and GST compliance challenges (55%).
17Feb 26
Thomas Cook Subsidiary Sterling Holiday Resorts Launches New Hotel in Mohali
Sterling Holiday Resorts Limited, a wholly owned subsidiary of Thomas Cook (India) Limited, launched Sterling Avante Mohali on February 17, 2026, expanding into Punjab's Tricity corridor. The hotel targets corporate travel and events market with contemporary facilities including Crystal Banquet Hall and Essence restaurant. Sterling now operates over 3,700 keys across 59 destinations in India.
13Feb 26
Sterling Holiday Resorts Launches Sterling Saryu Ayodhya, Second Hotel in Holy City
Sterling Holiday Resorts launched Sterling Saryu Ayodhya on February 13, 2026, as its second resort in the holy city, reinforcing its destination-led growth strategy in pilgrimage tourism. The comfort-focused retreat offers Cocoon Rooms and Junior Suites designed for faith-led travelers, featuring The Saryu Café for vegetarian dining and banquet facilities for group travel. Strategically located near key temples and transport hubs, the resort also provides convenient access to regional destinations including Lucknow, Prayagraj, and Varanasi.
12Feb 26
Thomas Cook India Reports Strong Q3 FY26 Performance with 20% PBT Growth
Thomas Cook (India) Limited reported strong Q3 FY26 results with 20% PBT growth (excluding one-time charges) driven by exceptional Foreign Exchange performance showing 41.5% EBIT margins and 10% growth. Sterling Holiday Resorts achieved record quarterly performance with 10% revenue growth and maintained 36% EBITDA margins. The company's consolidated income grew 8% for 9M FY26 to INR67,523 million, supported by robust balance sheet with INR2,500 crores total cash and strategic expansion across business segments.
10Feb 26
Sterling Holiday Resorts Reports Record Q3 FY26 Revenue of ₹1,582 Million with 24th Consecutive Profitable Quarter
Sterling Holiday Resorts Limited reported record Q3 FY26 results with total revenue of ₹1,582 million, marking 10% year-on-year growth and the 24th consecutive profitable quarter. The Thomas Cook subsidiary maintained a 36% EBITDA margin while expanding to 72 resorts across 59 destinations. With a debt-free balance sheet and 54% increase in cash reserves, Sterling continues strategic reinvestment in guest experience enhancements and digital capabilities.
06Feb 26
Thomas Cook India and SOTC Travel Sign Strategic Partnership with Mauritius Tourism Authority
Thomas Cook (India) Limited and SOTC Travel have signed a strategic MOU with Mauritius Tourism Promotion Authority on February 6, 2026, to boost travel from the Indian market. The partnership will focus on destination promotion, product development, and marketing communications to position Mauritius across leisure, MICE, and corporate travel segments. The collaboration leverages Thomas Cook India's omnichannel strength to target metro cities and emerging Tier 2 and 3 markets, highlighting Mauritius' cultural connections with India and diverse travel offerings.
05Feb 26
Thomas Cook India Signs Strategic MOU with Cinnamon Life at City of Dreams Sri Lanka
Thomas Cook India and SOTC Travel have formalized a strategic partnership through an MOU with Cinnamon Life at City of Dreams Sri Lanka, South Asia's first and largest integrated resort. The collaboration focuses on product development, marketing communications, and consumer activations to unlock India's market potential and create elevated experiences for Indian travellers across leisure, MICE, and business segments.
05Feb 26
Thomas Cook India Announces Q3 FY26 Earnings Call Following Mixed Results
Thomas Cook India has scheduled an investor presentation and earnings call for February 6, 2026, to discuss Q3 and nine-month FY26 performance. The company reported a standalone net loss of ₹21.4 million in Q3 FY26 due to exceptional items worth ₹174.8 million related to new labour codes, contrasting with strong nine-month net profit of ₹1,003.9 million, up 10.18% year-over-year.
05Feb 26
Thomas Cook India Q3: EBITDA Margin Compresses to 5.33% Amid Mixed Performance
Thomas Cook India reported Q3 consolidated results showing EBITDA of ₹1.14 billion, down 1.7% year-over-year, with EBITDA margin compressing to 5.33% from 5.61%. Despite revenue growth of 4.3% to ₹21.5 billion, the company faced margin pressures while achieving strong operational performance with profit before exceptional items rising 19.76% to ₹897 million.
04Feb 26
Sterling Holiday Resorts Launches Valley of Pine Resort in Lansdowne, Strengthens Uttarakhand Presence
Sterling Holiday Resorts has launched Sterling Valley of Pine, Lansdowne on February 4, 2026, marking its ninth resort in Uttarakhand. The boutique mountain retreat near Gumkhal targets drive-to travellers from Delhi NCR and Western UP, offering panoramic valley views, three signature venues, and comprehensive amenities. The strategically located property enhances Sterling's circuit strength in Uttarakhand's tourism landscape.
02Feb 26
Thomas Cook India and SOTC Travel Sign MOU with Tamil Nadu Government
Thomas Cook India and SOTC Travel have signed a Memorandum of Understanding with the Tamil Nadu government, establishing a strategic partnership in the tourism sector. This collaboration aims to enhance tourism promotion and development in Tamil Nadu by combining the travel companies' expertise with government tourism initiatives.
01Feb 26
Thomas Cook India Shares Rise 5.3% on Union Budget 2026 Foreign Tour Charge Reduction
Thomas Cook India shares gained 5.3% following Union Budget 2026's announcement of reduced foreign tour charges. The policy change is expected to benefit travel companies by making international travel more affordable for consumers, leading to positive investor sentiment and market response.
30Jan 26
Sterling Holiday Resorts Launches Arka Suites Puri Luxury Boutique Hotel
Thomas Cook's Sterling Holiday Resorts has launched Arka Suites Puri, a luxury boutique hotel featuring spacious rooms and enhanced privacy. The new property represents the company's expansion in the premium hospitality segment, offering personalized service and exclusive accommodations for discerning travelers.
29Jan 26
Thomas Cook India Expands Bengaluru Presence with New JP Nagar Forex Store
Thomas Cook (India) Limited has opened a new forex store in JP Nagar, Bengaluru, bringing its total to 11 outlets in the city and 13 across Karnataka. The launch includes promotional offers of a free international SIM card and ₹500 Uber voucher, reflecting the company's strategy to expand its retail network and provide comprehensive travel services.
28Jan 26
Thomas Cook India Schedules Q3 FY26 Earnings Conference Call for February 6, 2026
Thomas Cook (India) Limited has scheduled an earnings conference call for February 6, 2026 at 4:00 p.m. IST to discuss Q3 & 9M FY26 unaudited financial results. The call, hosted by Systematix Shares & Stocks (I) Ltd, will feature senior management comments followed by a Q&A session. Multiple international dial-in numbers have been provided for global participation, with the financial results announcement scheduled for February 5, 2026.
23Jan 26
Sterling Holiday Resorts Opens Sterling Amargarh Jodhpur to Strengthen Rajasthan Presence
Thomas Cook's Sterling Holiday Resorts has opened Sterling Amargarh Jodhpur, expanding its presence in Rajasthan's hospitality market. The new resort offers spacious event facilities and convenient access to Jodhpur's cultural sites, positioning itself as an ideal destination for both business and leisure travelers exploring the region's rich heritage.
20Jan 26
Thomas Cook India Launches Fifth Nature Trails Resort in Rishikesh
Thomas Cook (India) Ltd has launched its fifth Nature Trails resort in Rishikesh, strategically located between Rishikesh and Haridwar. The new property is designed to offer guests both spiritual and adventure experiences, catering to diverse traveler preferences in one of India's most popular tourist destinations. This expansion strengthens the company's experiential hospitality portfolio and demonstrates its commitment to developing unique tourism offerings.
16Jan 26
Thomas Cook India Board Meeting Scheduled for February 5, 2026 to Consider Q3FY26 Financial Results and Director Appointments
Thomas Cook (India) Limited has scheduled a board meeting for February 5, 2026, to approve Q3FY26 unaudited financial results for the quarter and nine months ended December 31, 2025. The board will also consider a postal ballot for shareholders' approval on director appointments, including Mr. Gurumoorthy Mahalingam as new Non-Executive Independent Director and Mrs. Sharmila A. Karve's re-appointment for a second five-year term from May 29, 2026 to May 28, 2031. The company has implemented trading window restrictions from January 1 to February 7, 2026, for designated persons in compliance with insider trading regulations.
13Jan 26
Thomas Cook India Partners With Gujarat Government To Enhance Domestic Tourism
Thomas Cook India has formed a strategic partnership with the Gujarat Government to enhance domestic tourism within the state. This collaboration aims to leverage the company's travel expertise to boost tourism opportunities in Gujarat, positioning the firm to benefit from India's growing domestic travel market while supporting the state's tourism development initiatives.
13Jan 26
Thomas Cook India Signs Strategic MOU with Gujarat Government to Boost Domestic Tourism
Thomas Cook (India) Limited has signed a strategic MOU with the Government of Gujarat on January 12, 2026, during the Vibrant Gujarat Summit 2026 at Marwadi University, Rajkot. The partnership aims to enhance Gujarat's visibility among Indian travellers through focused destination promotion initiatives, combining Gujarat Tourism's development vision with Thomas Cook's omnichannel distribution network and marketing expertise. The collaboration includes structured training programs for travel professionals and government support for necessary approvals, targeting multiple tourism segments from heritage and wildlife to spiritual and experiential travel.
08Jan 26
Thomas Cook India Launches Nature Trails Rock Valley Resort in Goa
Thomas Cook India has officially launched Nature Trails Rock Valley in Ponda, Goa, marking its expansion beyond Maharashtra with a 15-acre resort featuring adventure activities, infinity pools, and comprehensive experiential travel offerings. The resort caters to families, corporate groups, and educational segments with all-inclusive services and strategic connectivity to major Goa transport hubs.
08Jan 26
Sterling Holiday Resorts Launches Sterling Mount Olive in Gangtok, Expands Sikkim Presence
Thomas Cook's Sterling Holiday Resorts has launched Sterling Mount Olive in Gangtok, strategically positioned in the city's business hub with sweeping city views. The property features Latitude 27 restaurant offering regional specialties and serves as the company's fourth establishment in North-East India, complementing its existing portfolio of 58 destinations nationwide.
05Jan 26
Thomas Cook India's Material Subsidiary Sterling Holiday Resorts Relocates Registered Office from Tamil Nadu to Maharashtra
Thomas Cook (India) Limited's wholly-owned material subsidiary Sterling Holiday Resorts Limited has received shareholder approval to relocate its registered office from Chennai, Tamil Nadu to Mumbai, Maharashtra. The decision was approved at an Extraordinary General Meeting on January 5, 2026, and is subject to completion of regulatory formalities. The disclosure was made under SEBI Listing Regulations requirements.
31Dec 25
Thomas Cook India Receives GST Penalty of ₹1.54 Lakh from Ernakulam Authorities
Thomas Cook (India) Limited has received a GST penalty of ₹1,53,668 from Ernakulam authorities under Section 73 of the CGST Act 2017, with a total demand of ₹13,73,271 including interest. The company plans to appeal the order and states there will be no material financial or operational impact. The disclosure was made to stock exchanges in compliance with SEBI listing regulations on December 31, 2025.
30Dec 25
Thomas Cook India Faces ₹1.02 Crore Tax Demand from Haryana Tax Authority
Thomas Cook (India) Limited received a tax demand order of ₹1.02 crores from Haryana's Excise and Taxation officer on December 30, 2025, along with interest of ₹77.84 lakhs and penalty of ₹10.22 lakhs under CGST Act provisions. The company plans to appeal the order and states no material impact on operations.
29Dec 25
Thomas Cook India Receives ₹2.80 Lakh Penalty Order Under CGST Act 2017
Thomas Cook India received a penalty order of ₹2,80,175 under the CGST Act 2017 from tax authorities on December 29, 2025. The penalty, issued by the Deputy Commissioner in Maharashtra under Section 74 of the CGST Act, is being contested by the company as erroneous. Thomas Cook plans to file a submission against the order and states that there is no material financial or operational impact on the entity.
26Dec 25
Thomas Cook India Receives GST Demand Order Worth ₹74.82 Lakh from Rajasthan Authority
Thomas Cook (India) Limited received a GST demand order worth ₹74.82 lakh from Assistant Commissioner, Jaipur-I, Rajasthan on December 25, 2025. The order includes ₹39.56 lakh for GST short payment, ₹29.73 lakh interest, and ₹5.53 lakh penalty under CGST Act 2017. The company plans to appeal the order and states no material financial impact is expected.
23Dec 25
Thomas Cook India Receives GST Penalty Order Worth ₹48.15 Lakh from Chennai Tax Authority
Thomas Cook (India) Limited has received a regulatory order from tax authorities regarding GST compliance. The order, issued by the Commercial Tax Officer in Chennai, imposes a total financial obligation of ₹48.15 lakh, including a GST demand of ₹27.33 lakh, interest of ₹18.09 lakh, and a penalty of ₹2.73 lakh. The company is evaluating its next steps regarding the partial amount upheld but has stated that there is no material financial or operational impact on the entity.
23Dec 25
Thomas Cook (India) Limited: Two Independent Directors Complete Terms
Thomas Cook (India) Limited filed regulatory disclosure announcing the cessation of two independent directors who completed their maximum allowable tenure. The company acknowledged their contributions and ensured full compliance with SEBI listing regulations through proper documentation.
19Dec 25
Thomas Cook India Shareholders Approve ESOP Amendments with Over 91% Majority
Thomas Cook India successfully concluded its postal ballot process with shareholders overwhelmingly approving all six ESOP-related special resolutions. The amendments include expanding the ESOP 2024-EXECOM pool by 1 million options, reducing vesting periods from 4 to 3 years across multiple schemes, and extending benefits to subsidiary employees, demonstrating strong shareholder confidence in the company's talent retention strategy.
18Dec 25
Thomas Cook India Appoints Gurumoorthy Mahalingam as Independent Director
Thomas Cook (India) Limited's board approved the appointment of Mr. Gurumoorthy Mahalingam as Additional Non-Executive Independent Director during a meeting on December 18, 2025. With over 40 years of experience at RBI and SEBI, including roles in financial market regulation and corporate governance, his appointment strengthens the board's regulatory expertise and oversight capabilities.
18Dec 25
Thomas Cook India Receives ₹1,79,000 Penalty from RBI for Money Changing Activities Violation
Thomas Cook (India) Limited has been penalized ₹1,79,000 by the Reserve Bank of India for violating regulations related to money changing activities. The order, received on December 17, 2025, cites contravention of specific provisions in the Master Direction on Money Changing Activities. The company states that this penalty has no material financial or operational impact, and corrective actions have already been implemented.
12Dec 25
Thomas Cook India Expands Madhya Pradesh Presence with Third Indore Outlet
Thomas Cook (India) Limited has opened its third outlet in Indore, Madhya Pradesh, expanding its network to five locations across the state. The new outlet offers comprehensive travel services for various customer segments, including international and domestic holidays, group tours, and personalized vacations. The company has identified popular international destinations like Japan, South Korea, and European countries, as well as domestic locations such as Himachal Pradesh and Uttarakhand. Travel duration trends show an increase in both short and long trips. The expansion aims to capitalize on the growing travel demand from the region.
12Dec 25
Thomas Cook India Launches AI-Powered Digital Avatar TACY as Brand Ambassador and Travel Assistant
Thomas Cook India introduces TACY, an AI-generated digital avatar serving as brand ambassador and AI-powered holiday travel assistant. TACY debuts with the early launch of Europe Summer 2026 portfolio, offering 1,000+ guaranteed departures and 15 value-led holiday packages. The company is implementing an innovative marketing strategy with AI-generated videos featuring TACY to inspire travel and guide customers. This initiative aims to create immersive experiences for digital-first customers, aligning with India's growing digital economy and young traveler demographics.
11Dec 25
Thomas Cook India Faces Additional GST Penalty Order Worth ₹2.57 Lakh from Bangalore
Thomas Cook India now faces three GST penalty orders totaling ₹8.60 crore from tax authorities in Delhi, West Bengal, and Bangalore for alleged short payment of GST. The latest order from Bangalore involves ₹2.32 lakh demand and ₹2.57 lakh penalty. Despite multiple proceedings, the company maintains strong financial position with total assets of ₹7,115.70 crore and continues to assert no material operational impact.
20Nov 25
Thomas Cook India Unveils Europe Summer 2026 Holidays with Attractive Offers
Thomas Cook India and SOTC Travel have launched their Europe Summer 2026 Holidays portfolio, featuring over 60 group escorted tours with guaranteed departures and customized options. The offerings are strategically grouped into five European regions and include attractive early bird discounts of ₹70,000 per couple for bookings made by December 5, 2025. Additional offers include free holidays to select destinations or complimentary cruises. The companies aim to make European travel more accessible and appealing across various budget segments.
20Nov 25
Thomas Cook India Unveils Europe Summer 2026 Holiday Packages with Attractive Discounts
Thomas Cook (India) Limited, in collaboration with SOTC Travel, has introduced Europe Summer 2026 holiday packages. The offerings include over 60 unique group escorted tours with guaranteed regional departures, early bird discounts up to ₹70,000 per couple for bookings made by December 5, 2025, and additional benefits like free holidays or cruises on select tours. The packages are strategically grouped into five European regions and offer diverse customized tours with price points to suit various budgets. Attractive offers include free additional destinations or cruises with certain bookings, and up to ₹15,000 instant discount with HDFC Bank Credit Cards.
14Nov 25
Thomas Cook India Expands Forex Presence with New Store in Kottayam
Thomas Cook (India) Limited has opened a new forex store in Kottayam, Kerala, bringing its total outlet count in the state to 14. The strategically located store offers comprehensive forex services including prepaid travel cards, digital services, overseas education forex, currency exchange, and overseas remittances. Kottayam was chosen for its diverse customer base of leisure travelers, business professionals, students, and NRIs, as well as its proximity to key areas like Cochin International Airport and Infopark Kochi. The expansion aligns with Thomas Cook India's commitment to providing accessible forex solutions across India.
13Nov 25
Thomas Cook India Reports 3% Revenue Growth in Q2 FY26 Amid Headwinds
Thomas Cook (India) Limited announced Q2 FY26 results with consolidated revenue from operations growing 3% YoY to Rs 20,738.40 million. Profit before tax remained stable at Rs 1,098.00 million. Travel services segment, contributing over 80% of revenue, grew 6.1% YoY. Leisure hospitality & resorts business declined 12.7% due to weather disruptions. The company maintained a strong financial position with cash and bank balances of Rs 23,861.00 million. Management highlighted resilience despite global challenges and domestic weather-related disruptions.
13Nov 25
Thomas Cook India Reports 9% Revenue Growth to Rs 44,818 Mn in H1FY26 Despite Challenges
Thomas Cook (India) Limited reported a 9% year-on-year revenue growth to Rs 44,818.00 million for H1FY26, with Q2FY26 showing a 3% growth to Rs 20,738.00 million. The company maintained its PBT at Rs 2,211.00 million in H1FY26. Consolidated net profit reached Rs 707.50 million in Q2FY26. The Financial Services segment saw a 13% increase in retail turnover for Q2FY26, while Travel Services revenue grew 12% in H1FY26. Sterling Holidays opened seven new properties, and Digiphoto Entertainment Imaging faced challenges due to geopolitical issues. The company demonstrated resilience despite global challenges and weather-related disruptions in key markets.
04Nov 25
Thomas Cook India's Desert Adventures Secures Saudi Tourism License
Thomas Cook (India) Limited's subsidiary, Desert Adventures Tourism, has been granted a license by Saudi Arabia's Tourism Ministry to operate tourism services within the Kingdom. The license was obtained through a step-down subsidiary structure involving Travel Circle International (Mauritius) Limited. This development is expected to strengthen Thomas Cook's presence in the Middle Eastern tourism market and aligns with Saudi Arabia's efforts to boost its tourism sector.
03Nov 25
Thomas Cook India Expands China Holiday Portfolio in Partnership with SOTC Travel
Thomas Cook India, in collaboration with SOTC Travel, has launched an extensive China holidays collection. The expanded portfolio includes popular attractions like Shanghai's skyline and Beijing's Great Wall, as well as new destinations such as Chongqing and Chengdu. Unique experiences offered include rides on the Shanghai Maglev and private Baijiu distillery sampling. The packages cater to diverse travelers and incorporate features like high-speed train travel and Indian cuisine options. The companies are also seeing increased interest in business travel and MICE activities in Chinese cities.
30Oct 25
Thomas Cook India and SOTC Travel Unveil Innovative Van Tours Across Multiple Destinations
Thomas Cook India and SOTC Travel have introduced 'Van Tours', a new travel concept blending group tour affordability with personalized holiday flexibility. The service targets small groups of 4-12 travelers, offering exploration of international destinations in premium private vans with English-speaking local driver-guides. Tours cover visa-free or easy-visa destinations across Southeast Asia, East Asia, Middle East, and Central Asia. Prices range from ₹38,000 for a 7-night Bali trip to ₹300,000 for Japan, excluding airfare and meals. The concept caters to families, friend groups, and celebratory getaways, providing 4-star accommodation and customizable itineraries.
16Oct 25
Thomas Cook India Targets Growing Senior Travel Market with Gen S Life Partnership
Thomas Cook India has formed a strategic partnership with Gen S Life to strengthen its position in the senior travel segment, focusing on travelers aged 55 and above. The collaboration aims to make spiritual journeys easier and safer for seniors, responding to India's growing elderly population. Thomas Cook will launch specialized group tours with elder-friendly accommodations, experienced tour managers, and easy access vehicles for international destinations. The company's spiritual travel portfolio includes circuits across India and Nepal, VIP darshans, and aerial Char Dham helicopter journeys. Gen S Life, a lifestyle platform for the 55+ demographic, has over 40,000 downloads and 15,000+ registered users.
13Oct 25
Sterling Holiday Resorts Expands Kerala Footprint with New Malampuzha Property
Sterling Holiday Resorts, a subsidiary of Thomas Cook (India) Limited, has launched Sterling Govardhana Malampuzha, its 11th property in Kerala. The new resort aims to transform Malampuzha into a signature getaway destination. It offers amenities including rooms and suites, a restaurant serving regional cuisine, and event facilities. The expansion strengthens Sterling's network in South India, creating a connected grid across Tamil Nadu, Central Kerala, and the Nilgiris. The resort is developed in partnership with Malampuzha Hotel Pvt. Ltd., supporting local tourism development.
10Oct 25
Thomas Cook India Secures Exclusive Partnership for Asian Aquatic Championships 2025
Thomas Cook India has been appointed as the exclusive transport and accommodation partner for the 11th Asian Aquatic Championships 2025, to be held in Ahmedabad. The company will manage end-to-end services for over 1,100 participants from 29 Asian countries, including accommodation across 6 hotel locations, transport, logistics, airport services, and F&B coordination. The event, featuring swimming, artistic swimming, diving, and water polo, marks India's first time hosting these championships. Thomas Cook has deployed a dedicated team of over 40 members to manage the 15-day event, showcasing its capabilities in handling large-scale, international sporting events.
07Oct 25
Sterling Holiday Resorts Expands Footprint in Himachal Pradesh with New Boutique Resort
Sterling Holiday Resorts, a subsidiary of Thomas Cook (India) Limited, has launched Sterling Ameris Kasauli, its fifth resort in Himachal Pradesh. The boutique retreat features Shivalik-facing rooms, a pure-vegetarian restaurant, and a multi-purpose terrace. Located on the Dharampur–Kasauli Road, it's easily accessible from Chandigarh and Delhi NCR. This expansion is part of Sterling's strategy to grow in key leisure destinations and create curated travel circuits. The new property brings Sterling's presence to over 45 destinations across India, with five resorts now in Himachal Pradesh.
01Oct 25
Thomas Cook India Inks MoU with Tourism Ministry to Boost Visitor Experience
Thomas Cook India has signed a three-year MoU with the Ministry of Tourism to improve tourist experiences in India. The partnership will collect real-time traveller feedback on aspects like cleanliness, safety, accessibility, and service standards through co-branded, standardized forms. This data will be shared with the Ministry to support improvements in tourism infrastructure and service delivery. The initiative comes as India's tourism sector is projected to grow by 9.60% by 2028, with international arrivals expected to reach 30.50 million by 2030.
29Sept 25
Thomas Cook India Partners With Tourism Ministry, Sterling Holiday Resorts Expands in Ayodhya
Thomas Cook India has partnered with the Tourism Ministry to enhance travel experiences across India. Its subsidiary, Sterling Holiday Resorts, has launched Sterling Rampath Ayodhya, its 67th property and 11th spiritual location. The new hotel features 35 rooms and is strategically located near the Ram Mandir. It offers a pure-vegetarian restaurant and marks Sterling's entry into Uttar Pradesh, its 18th state.
26Sept 25
Thomas Cook India Expands Disney Cruise Partnership and Launches New Resort in Sakleshpur
Thomas Cook India has announced significant expansions in its travel offerings. The company has extended its partnership with Disney Cruise Line to offer Disney Wonder cruises in Australia and New Zealand for the winter 2025-26 season. Additionally, its subsidiary, Sterling Holiday Resorts Limited, has launched Sterling Kadumane Hills Sakleshpur, a boutique resort in Karnataka's Western Ghats. The resort spans 14 acres and focuses on digital detox, wellness experiences, and nature immersion.
25Sept 25
Thomas Cook India Revolutionizes Forex Services with Blinkit Partnership
Thomas Cook India has partnered with Blinkit to deliver Borderless Multicurrency cards within minutes in Delhi, Bengaluru, and Mumbai. Customers can order blank forex cards through the Blinkit app, receive them quickly, and complete the activation process with Thomas Cook's forex team. This service covers Borderless Travel Cards for leisure travelers and Study Buddy cards for students. The initiative aligns with the growing quick commerce market in India, projected to reach $35 billion by 2030. Thomas Cook plans to expand this service to other key markets across India.
24Sept 25
Thomas Cook India Group Clinches Dual Recognition at Adam Smith Awards Asia
Thomas Cook (India) Limited has been named a Highly Commended Winner in two categories at the Adam Smith Awards Asia: Best Risk Management Solution and Best Investing Solution. The investing solution was developed in collaboration with Bank of America, State Bank of India, and IndusInd Bank. The risk management award recognizes the company's overhaul in risk assessment, management, and monitoring. The awards ceremony is scheduled for November 10 at the Four Seasons Hotel, Singapore.
18Sept 25
Sterling Holiday Resorts Expands Presence with New Properties in Vellore and Guruvayur
Sterling Holiday Resorts Limited, a subsidiary of Thomas Cook (India) Limited, has launched two new properties: Sterling Hibis Vellore in Tamil Nadu and Sterling Darshan Guruvayur in Kerala. The Vellore property features 40 keys, including 36 Classic Rooms and 4 Suites, along with dining options, event facilities, and leisure amenities. The Guruvayur property, the company's second in the pilgrimage town, offers 30 rooms and is close to the Sri Krishna Temple. With these additions, Sterling now operates 9 resorts in Tamil Nadu, 11 in Kerala, and over 65 properties across 55 Indian destinations, totaling more than 3,400 operational keys.
15Sept 25
Thomas Cook India Unveils TC Pay: A Game-Changing Forex App
Thomas Cook India (TCIL) has introduced TC Pay, a mobile application for comprehensive foreign exchange services. Available on Android and iOS, the app offers forex card management, currency buying/selling, and international remittances. TC Pay features 30% faster transactions, multi-currency wallet supporting 12 currencies, virtual card access, biometric authentication, and instant customer support. This launch aligns with the global trend towards mobile-based financial transactions and is part of TCIL's digital-first strategy, which has already seen significant growth in digital forex transactions.
04Sept 25
Thomas Cook India Unveils Festive Tour Packages for Durga Puja, Dussehra, and Diwali
Thomas Cook India and SOTC Travel have introduced special holiday packages for the festive season, catering to the growing trend of multi-generational family and friend group travel. The offerings include region-specific departures for Durga Puja, Dussehra, and Diwali. Popular destinations span domestic locations like Andaman and Kashmir, as well as international spots such as Thailand and European countries. The companies are offering discounts, regional tour packages, and customized experiences to attract customers. This move responds to changing travel trends, with Indians increasingly choosing to celebrate festivals while traveling and extending their stays.
20Aug 25
Thomas Cook India Revolutionizes Forex Payments with Mastercard and Google Pay Integration
Thomas Cook India has partnered with Mastercard to enable contactless cross-border payments through Google Pay for its forex cards. This integration allows Indian travelers to make secure overseas payments using mobile devices across various categories. The service is available for Thomas Cook's range of prepaid forex cards, offering enhanced security through tokenization and access to over 270 million Mastercard merchant locations worldwide. This collaboration aims to provide a seamless, secure, and convenient payment experience for international travelers, eliminating the need to carry physical cards.
11Aug 25
Thomas Cook India Expands Footprint in Karnataka with New Davangere Outlet
Thomas Cook (India) Limited has opened its first outlet in Davangere, expanding its network to 19 locations across Karnataka. The new franchise outlet aims to tap into the growing travel market in the state. It will offer a range of services including international and domestic holidays, travel insurance, and access to an AI booking platform. The outlet targets various traveler segments from Davangere and nearby towns, catering to business professionals, families, millennials, and senior citizens. Thomas Cook has identified key travel trends in Karnataka, including increased trip frequency, longer stays, and growing interest in experiential holidays.
07Aug 25
Thomas Cook India and SOTC Travel Expand Spiritual Tourism Portfolio Across India and Subcontinent
Thomas Cook India and SOTC Travel have expanded their spiritual tourism offerings, introducing 11 iconic pilgrimage sites across India and the Indian subcontinent. The expanded portfolio includes premium aerial darshans, VIP access, and personalized spiritual rituals. Major circuits covered include Char Dham Yatra, Kailash Mansarovar Yatra, and Ramayan Yatras. The initiative targets diverse demographics, from seniors to millennials, and combines spiritual journeys with unique local experiences. The companies report significant interest from metro cities and tier 2-3 cities, offering end-to-end tours with comprehensive travel insurance and on-ground support.
06Aug 25
Thomas Cook India Reports 15% Revenue Growth, Sterling Holiday Resorts Achieves Record Q1 Performance
Thomas Cook India and its subsidiary Sterling Holiday Resorts have reported robust financial results for Q1. Thomas Cook India's consolidated revenue grew by 15% to ₹24,530 million, with PBT (excluding one-time payment) up 18% to ₹1,284 million. Sterling Holiday Resorts achieved its best-ever Q1 performance with revenue up 8% to ₹1,392 million and PBT increasing 27% to ₹371 million. Both companies demonstrated resilience despite market challenges, with Thomas Cook's travel segments growing 18% and Sterling expanding its property portfolio.
06Aug 25
Thomas Cook India Sets Ambitious FY26 Growth Plans Through Sterling Holidays' Expansion
Thomas Cook India plans significant growth by 2026, leveraging its subsidiary Sterling Holiday Resorts' strong performance. Sterling reported 8% revenue growth to ₹1,392 crore and 25% EBITDA growth to ₹514 crore in Q1. The expansion strategy includes over 20 new resorts, with recent additions in Rudraprayag and Lansdowne, bringing the total to 54 destinations. Sterling maintains a strong financial position with ₹2,963 crore in cash reserves and no debt. The company's focus on quality is evident with 30 resorts winning TripAdvisor awards. Despite inventory increase, Sterling maintains pricing power with an Average Room Rate of ₹7,089 and 11% room revenue growth. The strategy also includes sustainability initiatives under Sterling Sankalp.
04Aug 25
Thomas Cook India Boosts Overseas Education Segment with Enhanced Study Buddy Forex Card
Thomas Cook India has upgraded its Study Buddy Forex Card, offering rewards worth Rs. 21,000. The package includes Amazon vouchers, loyalty points, flight discounts, and free services. Available until September 2025, this move targets the growing overseas education market, where Thomas Cook reported a 26% year-on-year growth. The enhanced card aims to address students' needs and strengthen the company's position in the forex market for international education.
30Jul 25
Thomas Cook India Reports Strong Q1 Performance with 108% Jump in Standalone Net Profit
Thomas Cook (India) Limited has reported strong Q1 financial results. Standalone net profit increased by 108% to Rs 555.40 million, while income from operations rose 108% to Rs 8,175.10 million. Consolidated net profit attributable to owners reached Rs 752.90 million. The company expanded its resort network from 50 to 62 resorts. Despite geopolitical challenges, the company reported an 18% growth in PBT for Q1 at Rs 1,284 million, excluding a one-time expense.
29Jul 25
Thomas Cook India and SOTC Travel Tap into Festival Tourism Trend with New Holiday Packages
Thomas Cook India and SOTC Travel have introduced a range of holiday packages centered around global and Indian cultural celebrations, responding to the growing trend of festival and carnival tourism. The packages cover international events like La Tomatina in Spain and Oktoberfest in Germany, as well as Indian celebrations such as Onam in Kerala and Rann Utsav in Gujarat. This move aligns with the India Holiday Report finding that 75% of respondents are interested in experience-led holidays. The offerings cater to various segments including millennials, families, and corporate groups, with demand coming from both metro and tier 2-3 cities.
24Jul 25
Thomas Cook India Pioneers Contactless Cross-Border Payments with Google Pay and Visa
Thomas Cook (India) Limited has partnered with Google Pay and Visa to offer contactless cross-border payments using prepaid forex cards, a first in India. Customers can add Thomas Cook forex cards to Google Pay for transactions in 95 countries. The service offers mobile integration, contactless payments, enhanced security through network tokenization, and eliminates the need for physical cards. This initiative targets India's growing digital payment market, especially millennials and Gen Z travelers, with UPI transactions showing a 45% year-over-year increase as of October 2024.
10Jul 25
Thomas Cook's Sterling Unveils Luxury Boutique Hotel in Dehradun
Thomas Cook India's hospitality arm, Sterling Holiday Resorts, has launched a new luxury boutique hotel named Sterling GK Exotica in Dehradun, Uttarakhand. This move marks Sterling's strategic expansion into the high-end hospitality market in a popular Indian tourist destination. The launch represents a diversification of Sterling's portfolio, potentially opening new revenue streams in the premium travel market.
25Jun 25
Thomas Cook India Enhances Customer Service with WhatsApp Voice Calling for Forex Queries
Thomas Cook India has introduced a new WhatsApp voice calling feature for forex-related inquiries, specifically for users of their pre-paid cards. This service aims to improve customer experience by making it more convenient for customers to address their queries. The initiative leverages technology to enhance customer service capabilities and demonstrates the company's commitment to digital transformation in the travel and financial services market.
24Jun 25
Thomas Cook's Sterling Launches Luxury Vacation Package 'Sterling Vanvasa' Near Lansdowne
Thomas Cook (India) Ltd., through its subsidiary Sterling Holiday Resorts, has introduced 'Sterling Vanvasa', a premium vacation package near Lansdowne, Uttarakhand. This strategic move aims to cater to the growing demand for exclusive and offbeat luxury travel experiences. The package offers upscale retreats in a serene environment, featuring panoramic Himalayan views and pine forests. This initiative is part of Thomas Cook's strategy to diversify its portfolio, targeting high-end travelers, nature enthusiasts, and those seeking luxurious getaways in tranquil settings.
18Jun 25
Thomas Cook (India) Expands Global Footprint with New Entity in Cyprus
Thomas Cook (India) Limited has established a new entity called Travel Circle International in Cyprus, marking a strategic move towards international expansion. This development potentially opens up access to the European travel market, diversifies the company's geographical footprint, and may lead to enhanced service offerings for both Indian and international customers. The move aligns with Thomas Cook (India)'s broader strategy of expanding its international operations and positions the company for potential growth in the global travel industry.
16May 25
Thomas Cook India Expands European Footprint with New Cyprus Office
Thomas Cook India has established its first European Union office in Nicosia, Cyprus, marking a significant step in its international expansion. The new office will initially focus on providing business travel services to multinational corporations and India-based companies with European operations. This strategic move allows Thomas Cook India to access competitive EU pricing and inventory, enhancing its service offerings for corporate clients. The expansion into Cyprus, an EU member state, provides a gateway to the broader European market and demonstrates the company's commitment to growing its global presence in the travel industry.
13May 25
Thomas Cook India Reports 13.5% Surge in Q4 Profit, Reappoints CEO
Thomas Cook India's Q4 FY24 results show strong growth with net profit rising 13.5% to Rs 66.00 crore and total income increasing to Rs 2,022.00 crore. Revenue grew by 7.33% to Rs 2,083.10 crore year-over-year. For the full fiscal year 2023-24, annual revenue reached Rs 7,435.70 crore, up 45.48% from the previous year, while net profit soared to Rs 271.10 crore from Rs 10.40 crore in FY23. The board has reappointed Mahesh Iyer as Managing Director and CEO. Despite positive growth, EBITDA decreased by 18.33% to Rs 134.10 crore in Q4.
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