Thomas Cook Group plc, UK (the erstwhile parent) sold off its investment in Thomas Cook (India) Limited (TCIL) to Fairbridge Capital (Mauritius) Limited (Fairbridge). Fairbridge made an open offer to the non-promoters and post August 14, 2012, TCIL is part of Fairfax Group, Canada.
Fairbridge is a wholly-owned step-down subsidiary of Fairfax Financial Holdings Limited (Fairfax), a Toronto-based financial services holding company with a global presence in insurance and reinsurance and a portfolio of assets in excess of US$30 billion invested worldwide. Fairfax has almost 20 insurance subsidiaries and joint ventures globally, including several market leading companies such as Odyssey Re (USA), Crum & Forster (USA), First Capital (Singapore), Fairfax Brasil, Gulf Insurance (Kuwait) and ICICI Lombard (India).
TCIL presently operates in over 101 cities across over 253 locations (including 27 airport counters). The company has overseas operations in Sri Lanka which is a branch of TCIL and Mauritius which is a subsidiary of Thomas Cook (India). TCIL is supported by a strong partner network of 131 Gold Circle Partners and 169 Preferred Sales Agents in over 100 cities pan India. The Company employs over 2,802 resources and is listed on both the Bombay Stock Exchange as well as the National Stock Exchange.
Thomas Cook (India) Ltd has been honoured with the ?Favourite Specialist Tour Operator" award at the Cond? Nast Traveller Readers' Travel Awards 2011 & 2012 and was also conferred with the CNBC AWAAZ - ?Best company providing foreign exchange? in India for the third year in a row. In addition, Thomas Cook (India) Ltd has been awarded the ?Best Corporate Travel Management Company? by World Travel Brands 2012, the ?Most Trusted Tour Operator Brand? by the Times Travel Honours 2011 and also recognized as a ?Superbrand? 2011-2012 by consumers for excellence in travel services.
CRISIL has reaffirmed Thomas Cook (India) Limited with the ?CRISIL A1+ and AA- rating. The Brand Trust Report?, India study 2012, has ranked Thomas Cook (India) Ltd as The most Trusted Brand in Services. Travel Corporation (India) Ltd. (TCI) a 100% subsidiary of Thomas Cook (India) Ltd. was awarded the prestigious National Tourism Award (2010-2011) for ?Outstanding Performance? as an ?Inbound Tour Operator?.
Thomas Cook (India) Ltd. is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, Leisure Travel, and Insurance. The Company launched its Indian operations in 1881 and is celebrating its 132 years of world-class service in India. Thomas Cook (India) operates in the following areas of business, namely:
Corporate Travel Management