Mahendra Doshi joins Thomas Cook Board as Non-Executive Director
Mumbai February 7, 2007: Thomas Cook (India) Ltd has appointed Mr. Mahendra Doshi as Non-Executive Director on the TCIL board at the board meeting held today.
Mr. Mahendra Doshi is the Chairman of LKP Group. It may be recalled that LKP Forex was acquired by Thomas Cook India in August' 2006 in an all-stock deal and with that TCIL now has a national foot print of almost 200 branches in 55 cities and a head count of around 3000 individuals making it the largest travel and tour operator in India. The merger scheme was approved by the Hon'ble Bombay High Court on January 12, 2007.
Welcoming Mr. Doshi on the TCIL board, Mr. Udayan Bose, Chairman, TCIL said, Mr. Doshi brings more than 25 years of rich experience in managing large establishments, business units and strong execution capabilities that would enable Thomas Cook in growing its business further. We welcome Mr. Doshi to his new position as Non-Executive Director and wish him all the best".
According to Mr. Doshi," Thomas Cook has emerged as a premier travel solution company in the country. It gives me immense pleasure to be associated with the company in furthering its growth." Mr. Doshi, 54, holds an MBA degree from USA. Mr. Doshi has also handled many local and international transactions.
About Thomas Cook India Limited:
Thomas Cook India offers a broad spectrum of leisure travel-related services such as package tours, currency exchange and travel insurance as well as hotel and flight reservations. Thomas Cook has been present in India for 125 years and operates a total of 68 offices at various locations in the country and has operations in Sri Lanka & Mauritius. It employs more than 2,000 staff and generated revenue of Rs. 142.1 crores (US$ 31.5 million) in the 2004/05 financial year. The company was acquired by Dubai Financial LLC at the beginning of the year.
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