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Thomas Cook India expands its foreign exchange export operations
- Opens new Export Centre at Cochin International Airport -
Mumbai, November 12, 2013: Thomas Cook (India) Ltd, India’s leading integrated travel and travel related financial services company, inaugurated its new foreign exchange Export Centre at Cochin International Airport, Kerala. The Export Centre was inaugurated by Mr. V.J Kurian, IAS, Managing Director – Cochin International Airport Ltd.
The Export Centre, located at the Cargo Handling Agents Building, will provide Thomas Cook (India) Ltd a logistical edge in its key market of South India (Kerala, Karnataka, Andhra Pradesh & Tamil Nadu) by enabling consolidation and shipping of foreign currencies in and out of the country, based on market requirements. Given its significant NRI population, South India plays a significant role in the Indian Foreign Exchange market, and the launch of this Export Center is a reiteration of Thomas Cook India’s strategy of focusing on prime markets.
Mr. Madhavan Menon, Managing Director, Thomas Cook (India) Ltd said, “In addition to our existing export centres in Mumbai & Delhi, the new Foreign Exchange Export Centre in Kochi, Kerala’s commercial capital, gives us impactful advantage in consolidating our currency business via a viable new gateway- effective in management of costs and turnaround time.
He added, “Kochi’s location gives Thomas Cook India a valuable centre to serve the requirements of our significant South India market - both in terms of price as well as ensuring service efficiencies, especially during periods of high demand.”
Thomas Cook India is operational at 14 Foreign Exchange outlets across the state of Kerala, including Thiruvananthapuram (M.G. Road, Thiruvananthapuram International Airport, S L Theatre & Manacaud), Kollam, Kottayam, Kochi (M.G. Road, Kochi International Airport), Thrissur, Calicut and Kannur.
Thomas Cook (India) Ltd. is operational at 23 airport counters across Mumbai, Delhi, Bengaluru, Kochi, Chennai, and Thiruvananthapuram.
Mr. Sunil Krishnamurthy
Manager – Cochin Export Centre
Thomas Cook (India) Ltd,
First Floor, CHA Building,
Cochin International Airport Ltd.
Mobile: +91 9892127223
About Thomas Cook (India) Limited:
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, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business. The company set up its first office in India in 1881.
TCIL’s footprint currently extends to over 242 locations (including 23 airport counters) in 99 cities across India, Mauritius & Sri Lanka and is supported by a strong partner network of 134 Gold Circle Partners and 165 Preferred Sales Agents in over 150 cities across India.
Thomas Cook (India) Ltd has been voted Best Tour Operator at the Lonely Planet Travel Awards 2013, Favourite Specialist Tour Operator at the Condé Nast Traveller Readers' Travel Awards 2012 & 2011 and Best Tour Operator - Outbound at the CNBC AWAAZ Travel Awards 2013. In addition, TCIL has been chosen as the Best Corporate Travel Management Company by World Travel Brands 2012, and recognized as a “Consumer Superbrand” 2012-2013 by Superbrands. At the National Tourism Awards 2011-2012, TCIL was the recipient of 3 prestigious awards. Thomas Cook India’s Centre of Learning has received IATA accreditation as “Top 10 South Asia IATA Authorized Training Centers”, 2013 & 2012.
ICRA has assigned a long term rating of ‘ICRA AA-/ Stable’ and CRISIL has assigned a long term rating of CRISIL AA-/ stable outlook, to the non convertible debenture program.
For more information, please visit www.thomascook.in
Thomas Cook (India) Limited is promoted by Fairfax Financial Holdings Limited through its wholly-owned subsidiary, Fairbridge Capital. Fairbridge is responsible for the execution of acquisition and investment opportunities in the Indian subcontinent on behalf of the Fairfax family of companies.
About Fairfax Financial Holdings Limited:
Fairfax Financial Holdings is a Toronto-based financial services holding company with a global presence in insurance and reinsurance and a portfolio of assets in excess of $30 billion invested worldwide. The Company, founded in 1985 by the present Chairman and Chief Executive Officer, Prem Watsa, has over the past 25 years, demonstrated a strong financial track record to achieve an annual appreciation in Book Value per Share of 24.7% annually.
Fairfax has almost 20 general insurance subsidiaries and joint ventures globally, including ICICI Lombard (India).
Fairfax is engaged in long term investments from its own resources, with a focus to delivering long term capital appreciation through a flexible and value oriented approach.
Fairfax Financial Holdings through Thomas Cook (India) Ltd. owns 74% of the IKYA Group, a provider of HR Recruitment Services.
About IKYA Group
The IKYA Group, established in 2007, has over the last 6 years, evolved into a diversified provider of Business Services with interests in Human Resources (Recruitment & General Staffing), IT Staffing & Services, Facilities Management, Food & Hospitality services and Training & Skill Development through a combination of organic and inorganic methods. The Group operates out of 33 offices across 22 cities and employs 65,000 personnel.
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