What we do Thomas Cook (India) Ltd is India’s leading integrated travel and related financial services company, offering Foreign Exchange, Corporate Travel, Leisure Travel, MICE, Hospitality, and Digital Imaging services. |
Founded in 1,978 |
Market share One of the largest travel service providers in Asia-Pacific with strong B2B and B2C presence and significant market share in foreign exchange and leisure travel sectors. |
Problem solved Facilitates seamless travel planning, foreign exchange, corporate and leisure travel solutions, visa and passport services, and hospitality experiences. |
Top clients or who we serve Serves retail consumers, corporates, educational institutions, travel agents, and government entities in India and across 28 countries. |
Key management Mahesh Iyer (Managing Director & CEO), Madhavan Menon (Executive Chairman) |
Our journey and innovations Founded in 1978, expanded through acquisitions like Sterling Holiday Resorts and Kuoni; launched India’s first prepaid forex card; integrated diverse travel & hospitality brands; digital innovations. |
Where we operate India-centric with operations and subsidiaries across 28 countries and 5 continents, including Southeast Asia, Africa, Middle East, and Australia. |
Top products or what we offer Foreign Exchange services, corporate and leisure travel, MICE, visa/passport services, prepaid forex cards, holiday resorts under Sterling brand, and digital imaging solutions via DEI. |
Top brands Thomas Cook, SOTC Travel, Sterling Holiday Resorts, Kuoni India, Asian Trails, Desert Adventures, Allied T Pro, Private Safaris, DEI Imaging Solutions. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely cyclical due to dependence on travel demand but with recurring elements from financial services and hospitality management. |
Our industry position Market leader in integrated travel services and forex with robust presence in leisure hospitality and digitally enabled travel solutions. |
Financial highlights FY25 consolidated revenue Rs. 82,845 Mn; PBT Rs. 3,852 Mn; PAT Rs. 2,584 Mn; cash reserves of Rs. 20.7 Bn; 11% revenue growth YoY. |
Geographical revenue split India contributes approximately 52% revenue; Rest of the world ~48% with a network spanning Asia-Pacific, Africa, and Middle East. |
Order book - |
Whats driving growth Growing domestic and outbound tourism, digital adoption, strategic acquisitions, government tourism initiatives, and rising middle class disposable income. |
Our future plans Expand resort portfolio, deepen digital offerings, strengthen B2B and B2C travel solutions, and grow destination management services globally. |
Our green promise Committed to sustainability through eco-friendly resorts, energy-efficient operations, and participation in government green initiatives. |
Our people and values Employee-centric with robust governance, diversity and inclusion focus, and continuous talent development across all levels. |
Key challenges ahead Geopolitical uncertainties, regulatory changes, travel disruptions, and competitive pressures in digital transformation and customer retention. |
Interesting facts Operates India’s first prepaid forex card; part of Fairfax Group; manages travel services across 5 continents; plus 70+ Sterling resorts and 262 digital imaging sites worldwide. |
Risks and strategy Mitigates risks through diversified segments, digital innovation, cost optimization, and global expansion while adapting to regulatory environments. |
