BSE: 500413 Sector: Companies
NSE: THOMASCOOK ISIN Code: INE332A01027
BSE
00:00 | 27 Nov
47.15 2.20
(4.89%)
OPEN

46.00

HIGH

47.15

LOW

45.25

NSE
00:00 | 27 Nov
47.25 2.25
(5.00%)
OPEN

46.00

HIGH

47.25

LOW

45.00

OPEN 46.00
PREVIOUS CLOSE 44.95
VOLUME 159717
52-Week excessive 77.05
52-Week low 21.80
P/E
Mkt Cap.(Rs cr) 1,784
Purchase Value 47.15
Purchase Qty 16492.00
Promote Value 47.15
Promote Qty 999.00

OPEN 46.00
CLOSE 44.95
VOLUME 159717
52-Week excessive 77.05
52-Week low 21.80
P/E
Mkt Cap.(Rs cr) 1,784
Purchase Value 47.15
Purchase Qty 16492.00
Promote Value 47.15
Promote Qty 999.00

Thomas Cook dinner (India) Ltd. (THOMASCOOK) – Firm Historical past

Thomas Cook dinner (India) Ltd. (TCIL) is the main built-in transnational journey and journey associated monetary providers firm within the nation providing a broad spectrum of providers that embrace Overseas Change Company Journey MICE Leisure Journey Insurance coverage Visa & Passport providers and E-Enterprise. The Thomas Cook dinner India Group spanning 29 international locations throughout 5 continents operates main B2C and B2B manufacturers together with Thomas Cook dinner SOTC TCI SITA Asian Trails Allied T Professional Australian Excursions Administration Desert Adventures Journey Circle Worldwide Restricted Personal Safaris East & South Africa. The Group is as we speak one of many largest journey service supplier networks headquartered within the Asia-Pacific area.Thomas Cook dinner (India) Ltd was included as Thomas Cook dinner (India) Pvt Ltd on October 21 1978. The identify of the corporate was modified to Thomas Cook dinner (India) Ltd on March 07 1979. The corporate was initially promoted by Thomas Cook dinner Group Ltd the historical past of which could be traced again to the founder Thomas Cook dinner. He commenced enterprise in the UK in 1841 which included organizing group excursions referred to as Cook dinner’s Excursions. In accordance with the permission granted by RBI Thomas Cook dinner Abroad Ltd transferred their enterprise in India to the corporate as a going concern with impact from November 01 1978. Within the yr 1994 the corporate transferred their cargo enterprise to their subsidiary firm. The corporate arrange a Leisure Journey division to advertise home and outbound vacation journey inside India and to others elements of the world. Within the yr 1996 the corporate opened a international alternate workplace at Jalandhar in Punjab and international alternate counter at Kolkata Worldwide Airport. Additionally they inaugurated full-fledged workplaces at Saltlec in Calcutta and the Indian Institute of Sciences at Bangalore.Within the yr 1998 the corporate efficiently established their first ever implant with State Financial institution of India at Calangute in Goa. The corporate additionally launched Visa Journey Cash Card a pre-paid ATM card which allows the traveler to withdraw native forex from greater than 44000 Visa ATMs throughout 117 international locations worldwide.Within the yr 2000 the corporate signed the Title License and Technical Help settlement with Thomas Cook dinner Holdings UK for working within the Indian Ocean Rim area of India Bangladesh Nepal Bhutan Seychelles Maldives Mauritius Myanmar and Sri Lanka and so on. Additionally they acquired the enterprise of Thomas Cook dinner’s abroad enterprise in Sri Lanka for Rs 2.74 crore. The corporate opened their second workplace in Mauritius at Port Louis.Within the yr 2001 the corporate opened their leisure journey workplace in Panjim Goa for concentrating on up-market vacationers. In June 2001 they launched India’s first ever Ticket Auctions on Bidorbuyindia.com with their European tickets. In April 2002 Thomas Cook dinner Insurance coverage Companies (India) Ltd an entirely owned subsidiary of the corporate was given the company company license of TATA – AIG Common Insurance coverage Firm. Within the yr 2003 the corporate gained two key new accounts from Belgium and the Netherlands for his or her inbound constitution dealing with enterprise. The corporate together with Galileo India issued the primary e-ticket in India via the World Distribution System. They issued the primary remotely printed worldwide airline ticket on the workplace of one in all their key clients. Within the yr 2004 the corporate included 4 step-down subsidiary corporations through the yr two every in Mauritius and Sri Lanka. In Mauritius the corporate included Thomas Cook dinner (Mauritius) Journey Ltd to undertake the enterprise of Common Gross sales Agent (GSA) of Airways working out of Mauritius whereas Thomas Cook dinner (Mauritius) Holidays Ltd was included to undertake the Indian outbound vacationer enterprise in Mauritius. Each these corporations are wholly owned subsidiaries of Thomas Cook dinner (Mauritius) Holding Firm Ltd. In Sri Lanka; the corporate included Thomas Cook dinner Lanka Holdings (Pvt) Ltd as an funding automobile for the corporate’s investments in Sri Lanka. This firm is an entirely owned subsidiary of Thomas Cook dinner (Mauritius) Holding Firm Ltd. The opposite firm included is Airline Companies Lanka (Pvt) Ltd the wholly owned subsidiary of Thomas Cook dinner Lanka Holdings (Pvt) Ltd to undertake the enterprise of Common Gross sales Agent (GSA) of Airways working out of Sri Lanka. The corporate commenced Common Gross sales Company (GSA) operations via their subsidiary Airline Companies Lanka (Pvt) Ltd and Thomas Cook dinner (Mauritius) Journey Ltd by coming into into an settlement with Condor. Within the yr 2005 the corporate included a step-down subsidiary in Thailand named as Thomas Cook dinner Journey & Overseas Change (Thailand) Ltd and an entirely owned subsidiary in Singapore named as Thomas Cook dinner Journey & Overseas Change (Singapore) Pte Ltd. Additionally they opened a brand new outlet at Union Place the prime space in Colombo for retail companies. Within the yr 2006 the corporate acquired the LKP Foreign exchange Ltd and Journey Company (India) Ltd. Additionally they bought their 100% stake in Hindustan Cargo Ltd. In March 2006 the Leisure and Company Journey enterprise began buying and selling and gives inbound holidays outbound holidays and company journey providers. In February 2007 the corporate launched their new premium holidays model ‘100% Holidays’. In March 2007 the corporate and ICICI Financial institution launched Thomas Cook dinner Titanium Mastercard.In December 2007 the corporate signed a MOU with JTB Corp Japan by which the corporate in a position to entry the JTB Corp community throughout 30 international locations together with associates spreading over 800 workplaces. For JTB Corp the alliance supplies a prepared platform to enter the Indian market. The corporate closed down their operations in Thomas Cook dinner Journey (Thailand) Ltd and Thomas Cook dinner Journey & Overseas Change (Singapore) Pte Ltd.Within the yr 2008 the corporate made a tie up with Axis Financial institution for pre-paid foreign exchange card which gives alternate of upto 7 currencies. In October 2008 the corporate made a tie up with that ItzCash from the Essel group steady to facilitate on-line journey bookings. In December 2008 the corporate made a tie up with cruise line operator Indian Ocean Cruises of London based mostly Foresight Sensible Ventures to market the heritage cruise Ocean Odyssey in India and Mauritius.On 21 Could 2012 Fairbridge Capital (Mauritius) Restricted a subsidiary of Fairfax Monetary Holdings Restricted agreed with the erstwhile promoters of the corporate to amass 77% stake in Thomas Cook dinner (India) Ltd. (TCIL) Ltd. for Rs 817.40 crore.In February 2013 Thomas Cook dinner (India) Ltd. (TCIL) acquired 74% stake in Quess Corp (beforehand IKYA Human Capital Options Personal Restricted) for Rs 259 crore.In February 2014 Thomas Cook dinner (India) Ltd. & Sterling Vacation Resorts (India) Ltd. introduced merger in a money and inventory deal valued at about Rs 870 crore.On 30 July 2015 Thomas Cook dinner (India) Ltd. introduced its acquisition of Luxe Asia a Vacation spot Administration Firm based mostly in Sri Lanka via its wholly owned subsidiary Thomas Cook dinner Lanka (Pvt) Ltd. The corporate shall be operated as an impartial entity. Thomas Cook dinner (India)’s acquisition of Luxe Asia provides it important presence in Sri Lanka with vacation spot administration capabilities in Sri Lanka and the Indian Ocean area; additionally synergies with its key enterprise strains of Outbound Inbound and Company MICE. Based mostly in Sri Lanka Luxe Asia is targeted totally on inbound tourism from key world markets and providers each tour operator and traveller segments throughout its ten locations within the Indian Ocean Area and Asia. The two joint ventures of Luxe Asia embrace Khiri Travels a pacesetter with over 20 years of operation within the South East Asian area; additionally a Vacation spot Administration Firm for the UAE market.In August 2015 Thomas Cook dinner (India) acquired Kuoni Group’s journey operations in India and Hong Kong for about Rs 535 crore.On 29 June 2017 Thomas Cook dinner (India) introduced the completion of the acquisition of a major a part of Kuoni’s world Vacation spot Administration Specialists (DMS) community throughout 21 international locations and Four continents for about Rs 126 crore. As part of this acquisition the Thomas Cook dinner India Group will now embrace main Vacation spot Administration Specialists (DMS) like Asian Trails (APAC) Desert Adventures (MENA) ATM-Australian Excursions Administration (Australia) Allied T Professional (North America) Personal Safaris (Japanese Africa) and Personal Safaris (Southern Africa) below its community making a seamless supply functionality for the group and its B2B and B2C clients throughout 21 international locations and Four continents. Submit the acquisition; the Thomas Cook dinner India Group has been remodeled into one of many largest journey service supplier networks headquartered within the Asia-Pacific area.In October 2017 Thomas Cook dinner (India) concluded the acquisition of Foreign exchange and Journey companies of Tata Capital for about Rs 15 crore.In March 2018 Quess Corp was re-classified as an affiliate of the corporate.The Board of Administrators of Thomas Cook dinner (India) Restricted (TCIL) at its assembly held on 23 April 2018 authorised (topic to regulatory approvals) a company restructuring train by the use of a composite scheme of association and amalgamation aimed toward streamlining its companies into 4 key verticals specifically: Journey (outbound home enterprise journey & MICE) Overseas Change Vacation spot Administration Companies and Portfolio Investments reminiscent of Sterling Vacation Resorts Ltd. The restructuring additionally includes the consolidating of the human useful resource providers enterprise into Quess Corp. Pursuant to the composite scheme TCIL shareholders will obtain 1889 fairness shares of Quess (of Rs 10 every) for each 10000 fairness shares (of Rs 1 every) held in TCIL. The proposed restructuring is aimed toward simplifying & clarifying construction & holdings streamlining companies & assets guaranteeing centered administration consolidating actual property and in addition varied manufacturers acquired via inorganic progress & eliminating cross holdings. The proposed restructuring additionally recognises that the character of markets challenges competitors alternatives for the human useful resource companies are distinct and separate from the journey & journey associated companies and every are able to attracting a special set of traders strategic companions and stakeholders.The Competitors Fee of India (CCI) vide its Order dated Could 21 2014 imposed a penalty of Rs. 10 million on the events to the Composite Scheme of Association and Amalgamation between Sterling Holidays Resorts (India) Restricted (since amalgamated) Thomas Cook dinner Insurance coverage Companies (India) Restricted (since renamed as Sterling Vacation Resorts Restricted) and the Firm. The events filed an enchantment with the Competitors Appellate Tribunal (COMPAT) towards the stated Order. COMPAT by its Order admitted the enchantment and put aside the impugned Order. CCI subsequently filed an Attraction towards COMPAT’s impugned Order earlier than the Hon’ble Supreme Court docket of India and the Hon’ble Supreme Court docket of India by its Order dated April 17 2018 allowed the enchantment of the CCI put aside the Order handed by COMPAT and restored the Order handed by CCI imposing penalty of Rs. 10 million with no additional prices.The Firm on April 3 2018 accomplished the acquisition of 100% stake in TC Journey Companies Restricted (previously often known as TC Journey and Companies Restricted) from TC Excursions Restricted an entirely owned subsidiary of the Firm. II. The Firm on April 20 2018 accomplished the acquisition of stability 4.44% fairness stake in Journey Company (India) Restricted (TCI) from Sterling Vacation Resorts Restricted an entirely owned subsidiary of the Firm. III. The Board at its assembly held on April 23 2018 and which was additional amended on December 19 2019 authorised the Composite Scheme of Association and Amalgamation amongst Thomas Cook dinner (India) Restricted (TCIL) Quess Corp Restricted (QCL) Journey Company (India) Restricted (TCI) TC Foreign exchange Companies Restricted (previously often known as Tata Capital Foreign exchange Restricted) (TCF) TC Journey Companies Restricted (previously often known as TC Journey and Companies Restricted) (TCTSL) and SOTC Journey Administration Personal Restricted (previously often known as SITA Travels and Excursions Personal Restricted) (SOTC Journey) and their respective shareholders in accordance with the provisions of Part 230 to 232 learn with Part 52 55 and 66 of the Corporations Act 2013. The Scheme inter alia supplies: i Demerger of the inbound enterprise of TCI consisting of enterprise of dealing with inward international vacationer exercise from TCI into SOTC Journey; ii. Amalgamation of residual TCI TCF and TCTSL with TCIL; and iii. Demerger of Human Useful resource Companies Enterprise of TCIL (together with shares in QCL held by TCIL) into QCL. In March 2019 the Firm acquired 51% stake in DEI Holdings Restricted (DEI).Throughout FY19 the Group acquired a minority stake in Ithaka owned by Traveljunkie Options Pvt. Ltd. Along with its present providers for locations reminiscent of Thailand Bali UAE Singapore Malaysia and Turkey it now prolonged its choices to eight extra international locations located in Europe – France Netherlands Germany Austria Italy Switzerland Czech Republic and Spain. Throughout the yr 2019 the Thomas Cook dinner India Group undertook a company restructuring programme that was aimed toward simplifying and clarifying construction and holdings streamlining companies and assets guaranteeing centered administration and eliminating cross holdings. The restructuring includes consolidating of human useful resource providers enterprise into Quess. Pursuant to the Composite scheme the Firm’s shareholders will obtain 1886 fairness shares of Quess (of Rs 60 every) for each 10000 fairness shares (of Rs 6 every) held within the former.In FY19 Sterling Vacation Resorts Restricted a number one vacation way of life firm launched resorts in Jaipur and Mount Abu and plans to launch extra locations together with Srinagar Mysore and Gangtok.

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