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Thomas Cook (India)
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Company History - Thomas Cook (India)
1972
 
 - Midland Bank Ltd., a major British Bank quoted on the U.K. Stock
 Exchange, acquired a majority shareholding interest in Thomas Cook
 Group and the remaining shares in 1977 making it a wholly owned
 subsidiary with a public issued in 1982, its shareholding was
 diluted.
 
 1978
 
 - The Company was incorporated on 21st October, under the name
 Thomas
 Cook (India) Private Ltd.  It was converted into a public limited
 company on 12th March, 1979.  The Company is authorised dealers in
 foreign exchange, travel agents, tour operators and freight
 operators.
 
 - Thomas Cook was the first organised travel agent in the world and
 he
 also invested in travel business.  He commenced business in the
 United
 Kingdom in 1841.
 
 - Thomas Cook also introduced travellers cheques which were
 originally
 called circular notes.  It also a large trader in the buying and
 selling of foreign currency bank notes.
  
 - The consideration for the transfer of business was discharged in
 the
 following manner - (i) Allotment of 2,79,993 No. of equity shares of
 Rs
 10 each at par without payment in cash amounting to Rs 27,99,930 and
 (ii) Interest free loan repayable in five equal annual instalments
 amounting to Rs 30,99,485.
 
 - Seven equity shares of Rs 10 each issued for cash to the nominees
 of
 Thomas Cook Overseas Ltd., England were subsequently transferred to
 Thomas Cook Overseas Ltd., England.
 
 1982
 
 - 7 shares subscribed for by the nominees of Thomas Cook Overseas
 Ltd.,
 U.K., 2,79,993 shares reserved and allotted to Thomas Cook Overseas
 Ltd., U.K., without payment in cash.  1,05,000 shares to State Bank
 of
 India and 35,000 shares to Indian working directors/employees of the
 company were reserved and allotted.  2,80,000 shares offered at par
 to
 the public in December.
 
 1987
 
 - 3,50,000 Bonus shares issued in prop. 1:2.
 
 1989
 
 - The Company an launched an `Executive Plaza' at Mumbai.  The
 Company
 had also received an approval from RBI for operating exchange
 bureaus
 at International Airports.
 
 1990
 
 - 5,25,000 bonus shares issued in prop. 1:2.
 
 1993
 
 - The Company proposed to open a foreign exchange bureau at Goa and
 a
 full fledged branch at Ahmedabad, counters at Mumbai & Delhi
 International Airports, Thiruvananthapuram International Airports,
 with
 which the Company can operate through its 27 locations in 12 cities
 in
 India.
 
 - The Company made requisite applications for investing in the share
 capital of Hindustan Cargo Pvt. Ltd., incorporated on 7th December,
 with a view to making it a wholly-owned subsidiary of the Company.
 
 - India Alive Tours Ltd., Thomas Cook Tours Ltd., and Indian Horizon
 Travel & Tours Ltd., are subsidiaries of the Company.
 
 - 15,75,000 bonus shares issued in prop. 1:1 on 28th December.
 
 1994
 
 - The Company recommenced capitalisation of Reserves by issue of
 21,00,000 shares for 31,50,000 shares held i.e. bonus issue in the
 ratio of 2:3.  This is basically to adjust the disparity between the
 paid-up capital of Rs 315 lakhs and the distributable reserves of Rs
 2619.4 lakhs as at 31st December.
 
 1995
 
 - The Company had launched a Mobile Exchange Bureau in Mumbai in
 June.
 
 1996
 
 - During December, the Company issued 35,00,000 bonus equity shares
 in
 proportion 2:3.
 
 - The Company tied-up with Conard Cruise Lines and was appointed as
 their GSA's in India.  The Company was appointed by Club med,
 World's
 largest holiday resort, as their selling agent in Western and
 Southern
 India.
 
 1997
 
 - Thomas Cook has introduced Delhi's first mobile forex bureau. 
 This
 is the company's second mobile van in the country.
 
 - Thomas Cook (India) has proposed to issue bonus shares in the
 ratio
 of two shares for every three shares held, on encouraging results.
 
 - The joint venture between State Bank of India (SBI) and Thomas
 Cook
 has identified two of SBI branches in Goa, Callangute and Maragaon
 to
 launch its travel-related products.
 
 - Thomas Cook India (TCI) has introduced a unique service disaster
 recovery service in collaboration with Europe Assist of France.
 
 - Thomas Cook India (TCI) has launched `Money Gram', to help
 travellers
 to overcome any financial crunch while their visit in India.
 
 1998
 
 - Thomas Cook (India), a 40% subsidiary of one of the world's oldest
 travel companies, Thomas Cook UK, has reported an encouraging
 performance for 1997.
 
 - For the first time ever, India's biggest travel company, Thomas
 Cook
 India, and Hong Kong Bank have come together to introduce two credit
 cards which take away the pain from arranging foreign exchange and
 making rupee payments up front.
 
 - Interestingly, the debit card is the latest product to be
 introduced
 by Thomas Cook International and has been launched in Britain
 
 - Thomas Cook India Ltd, the largest player in the travel trade, has
 become one of the first companies in India to enforce a formal code
 of
 business ethics and conduct for its employees and business
 associates.
 
 - Thomas Cook India Ltd (TCIL) TCIL will be expanding overseas
 through
 a newly floated subsidiary - Thomas Cook Mauritius Holding Company
 Ltd
 (TCMHC).
 
 - Thomas Cook (India) Ltd is planning to enter the credit card
 business.  The Indian subsidiary of the foreign exchange and travel
 business major Thomas Cook is currently negotiating with a couple of
 foreign banks for collaboration.
 
 - Thomas Cook is the first company to introduce the concept of
 travel
 money card in India in association with Visa.
 
 1999
 
 - Thomas Cook, leading international travel and financial services
 company, has launched its travellers cheques in the new euro
 currency.
 
 - Thomas Cook has introduced the Euro Travellers cheque.  These
 cheques
 can be bought at any Thomas Cook outlet alongside its existing range
 of
 foreign currency cheques in US, Australian and Canadian dollars, UK
 pound sterling, French francs, Deutsche marks, Swiss francs,
 Japanese
 yen and Dutch guilders.
 
 - Leading travel house Thomas Cook has pitched for international
 Travel
 House (ITH), a subsidiary of tobacco major ITC Ltd.
 
 - Thomas Cook India Ltd. has launched `global travel services' in
 the
 Indian market.  The travel services will offer a range of travel,
 financial, emergency and other special services.  India is the
 second
 country after the UK where the product has been launched.
 
 - Thomas Cook and Tourisme France International have signed an
 agreement for promoting the new product in India.
 
 - Thomas Cook India (TCI) has lined up a major expansion plan which
 includes acquisition of rivals, foray into insurance and setting up
 of
 a 100 per cent subsidiary in Mauritius.
 
 - The Indian subsidiary is contributing nearly 10 per cent to Thomas
 Cook's global profits.
 
 - The company has launched Visa Travel Money Card, a prepaid ATM
 card
 which enables the traveller to withdraw local currency from more
 than
 44,000 Visa ATMs cash dispensers across 117 countries worldwide.
 
 - Thomas Cook (India) Ltd will launch an e-commerce website that
 will
 function as a one-stop information centre by November.
 
 - Thomas Cook had opened a 100 per cent subsidiary in Mauritius to
 look
 after the marketing operations in Burma, Mauritius, Seychelles and
 the
 whole of SAARC region.
 
 - Thomas Cook (India) Ltd (TCIL) in league with Standard Chartered
 Bank
 (Stanchart), launched a co-branded global credit card targeted at
 the
 `serious traveller', a worldwide first for the Thomas Cook Group.
 
 - India is the second biggest market for Thomas Cook after the UK.
 
 - Thomas Cook (India) Ltd will soon be launching a domestic call
 centre
 for product information as well as for support and service,
 including
 emergency services for its customers.
 
 - The Credit Rating Information Services of India Ltd (Crisil) has
 assigned the highest safety ratings to the debt programms of GE
 Capital
 Services (GE Caps), Thomas Cook (India) Ltd (TCIL) and AMP India
 Ltd.
 
 - Thomas Cook has introduced professional travel help for the first
 time in India, launching a Global Help Card called Friend.
 
 - Travel and forex house the Company was in talks with Travel
 Corporation of India for a possible tie-up or acquisition.
 
 - The Company has taken over the largest domestic in bound tour
 operator Travel Corporation of India.
 
 2000
 
 - The Board considered a proposal for incorporation of a
 wholly-owned
 subsidiary company in Srilanka and/or acquiring the existing
 business
 of Thomas Cook Overseas Ltd., UK's branch in Sri Lanka.
 
 - In a rather unusual arrangement, the Katgaras of Travel
 Corporation
 of India will continue to manage TCI even after the agency has been
 taken over by the Mumbai-based travel major Thomas Cook India.
 
 - Thomas Cook India Ltd. launched the International Airline
 Passenger
 Association (IAPA) card in India.  The Company's card poducts
 division
 has also signed an exclusive marketing partnership agreement with
 IAPA
 for India and the seven SAARC countries.
 
 2001
 
 - Thomas Cook India has tied up with Citibank India to launch Thomas
 Cook-Citibank Holiday Loans for holiday seekers.
 
 2002-Thomas Cook India Ltd has informed that the Board of Directors
 at its meeting held on December 05, 2002 have appointed Mr K S V
 Krishnamachari as SBI Nominee in place of Mr R Sundararaman  SBI
 Nominee on the Board of the Company effective December 05, 2002.
 
 2003-Thomas Cook India Ltd informs BSE that the Board of Directorsthe
 appointment of 
 Mr Stefan Pichler as a non-retiring Directors on the Board of the
 Company with effect from January 16, 2003. Mr Stefan Pichler is
 appointed by Thomas Cook Overseas Ltd.
 
 
 - Thomas Cook India Ltd (TCIL) today (February 6, 2003) announces the
 appointment of Mr Stefan Pichler, Chairman and CEO, Thomas Cook AG, as
 its new Chairman of the Board. The appointment will take effect after
 the conclusion of the company's Annual General Meeting on February
 24, 2003. Due to this, Mr Pradip Madhavji steps down from the
 position of Chairman of the company.
 
 -Thomas Cook India Ltd has informed BSE that the Board of Directors
 at its meeting held on February 24, 2003 taken on record :
 1. Appointment of Mr Stefan Pichler as a Non-Executive Chairman on
 the Board of the Company effective February 24, 2003.
 2. Appointment of Mr Alan Stewart as Non-Executive Vice Chairman on
 the Board of the Company effective February 24, 2003.
 3. Resignation of Mr P P Madhavji from the Board of the Company
 effective February 24, 2003.
 4. Resignation of Mr M L Apte from the Board of the Company effective
 February 24, 2003.
 
 -Thomas Cook ties up with Galelio India, to offer electronic
 ticketing for air travel in India.
 
 -Company launches its Foreign Exchange Services at Bandaranaike
 International Airport .
 
 2003-Company bagged the much coveted award for Corporate Governance,
 the prestigious Golden Peacock Award initiated by the Institute of
 Directors (IOD), a non profit organisation, in association with World
 Environment Foundation (WEF), Federation of Indian Chamber of Commerce
 and Industry (FICCI), World Council for Corporate Governance (WCFCG)
 and Centre for Corporate Governance.
 
 2004
 
 -Thomas Cook sets up Mauritius office
 
 2007
 
 -Thomas Cook India Ltd hasappointed Mr. Vinayak Purohit, as an
 Additional Director and Executive Director - Finance of the Company
 with effect from May 14, 2007.
 
 -Thomas Cook India Ltd has informed that the Board of Directors of
 the Company at its meeting held on November 24, 2007, has taken on
 record the appointment of Mrs. Bharati Rao as a Nominee Director -
 State Bank of India on the Board in place of Mr. Y V Vijayanand.
 
 -Thomas Cook India Ltd has announced that the Company on December 13,
 2007 signed a Memorandum of Understanding (MOU) with JTB Corp. Japan,
 one of the largest travel solutions Companies in the world.
 
 - The Company has splits its face value from Rs10/- to Rs1/-.
 
 2008
 
 -The company has issued rights in the ratio of 35:100 at a premium of
 Rs.34.5/-Per Share.
 
 2009
 
 - Thomas Cook Board recommends dividend @ 37.5% 
 
 2010
 
 - Thomas Cook promotes itself as the Holidaywallas
 
 - Thomas Cook - Ties up with Shamrao Vithal Co-Operative Bank Ltd to
 expand 
 
 -Thomas Cook  Opens new Franchisee in Pune.
 
 - Thomas Cook - Thomas Cook enters a 7 year deal with Delhi
 International Airport Ltd
 
 2011
 
 - Thomas Cook - Thomas Cook forges partnership with Xpress Money for
 Foreign  Exchange remittance into India.
 
 -Thomas Cook - Travel Corporation (India) Ltd. (TCI) completes 50
 years,
 
 - Thomas Cook - Thomas Cook to launch PGDM in International Tourism
 in partnership 
 
 2012
 
 - Thomas Cook - Thomas Cook Sport launches Match areas for football
 fans
 
 - Thomas Cook - Thomas Cook Group starts Thomas Cook India formal
 sale process
 
 - Thomas Cook (India) comes out with 5 new Gold Circle Partner
 Outlets to expand its reach in India
 
 - Thomas Cook - Thomas Cook Sport launches exclusive packages for
 London Olympics 2012
 
Source : Dion Global Solutions Limited
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