2001 Press Releases

Thomas Cook Opens Second Office in Mauritius

Thomas Cook, the leading Indian travel and financial company has opened its third office in Mauritius at Port Louis, capital city of Mauritius. Port Louis is also the financial center and the countryâs most visited town.

Located at Joonas Building, Quay Street, Port Louis, this conveniently located city office will offer currency encashments, Traveller Cheques, release of business and leisure exchange as well as exchange for other purposes such as higher studies etc to tourists and Mauritius residents.

In addition to Foreign Exchange services , the company plans to bring its expertise in Corporate Travel and Holidays business shortly to the Mauritian business and leisure traveller.

Early 2000, Thomas Cook inaugurated its first office in Mauritius at the SSR International Airport. The Foreign Exchange bureaux provides 24-hour, 365-day Foreign Exchange services and is located in the arrival and departure terminals of the airport.

Says Mr. Ashwini Kakkar, CEO & Managing Director, Thomas Cook (I) Ltd, "Mauritius is our first foothold in the Indian Ocean Rim (IOR) countries and we hope to expand our businesses in the coming months. This is in keeping with the Thomas Cook Group strategy whereby operations in the SAARC region and the Indian Ocean Rim countries would come directly under Thomas Cook India's purview. The opening of our city office in Mauritius reinforces Thomas Cookâs commitment to providing customers with a fully comprehensive service in travel and the travel related business."

Thomas Cook Mauritius Holding Company Ltd is a fully owned subsidiary of Thomas Cook (India) Limited. Thomas Cook commenced operations in India over 119 years ago. Thomas Cook (India) Limited has a strong financial base with a turnover base in excess of US Dollars 1 billion and a high Capital to Reserve ratio. It is the only company in the Thomas Cook Group to be publicly quoted on the Stock Exchange. The current holding pattern of the company is: Thomas Cook Group (40%), State Bank of India (15 %) and the Indian Public (45 %).

Over the last few months, Thomas Cook India has successfully launched two new businesses --- Global Services and Credit Cards.

Thomas Cook (India) Ltd. is also shortly to bring under its fold the foreign exchange operations in Sri Lanka, thus having a footprint in Mauritius and Sri Lanka.