History of Thomas Cook [Indias] Ltd.

1972

- Midland Bank Ltd., a major British Bank quoted on the U.K. Stock Exchange, acquired a majority shareholding interest in Thomas Cook Group & the remaining shares in 1977 making it a wholly owned subsidiary with a public issued in 1982, its shareholding was diluted.

1978

- The Comp. was incorporated on 21st October, under the name Thomas Cook [Indias] Private limited It was converted into a public limited company on 12th March, 1979. The Comp. is authorised dealers in foreign exchange, travel agents, tour operators & freight operators.

- Thomas Cook was the first organised travel agent in the world & 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 transfer of business was discharged in the following manner - [is] 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 [iis] 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 nominees of Thomas Cook Overseas Ltd., U.K., 2,79,993 shares reserved & allotted to Thomas Cook Overseas Ltd., U.K., without payment in cash. 1,05,000 shares to State Bank of India & 35,000 shares to Indian working directors/employees of the company were reserved & 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 Comp. 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 Comp. proposed to open a foreign exchange bureau at Goa & a full fledged branch at Ahmedabad, counters at Mumbai and Delhi International Airports, Thiruvananthapuram International Airports, with which the Comp. can operate through its 27 locations in 12 cities in India.

- The Comp. 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 Company.

- India Alive Tours Ltd., Thomas Cook Tours Ltd., & Indian Horizon Travel and Tours Ltd., are subsidiaries of Company.

- 15,75,000 bonus shares issued in prop. 1:1 on 28th December.

1994

- The Comp. 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 & the distributable reserves of Rs 2619.4 lakhs as at 31st December.

1995

- The Comp. had launched a Mobile Exchange Bureau in Mumbai in June.

1996

- During December, the Comp. issued 35,00,000 bonus equity shares in proportion 2:3.

- The Comp. tied-up with Conard Cruise Lines & was appointed as their GSA in India. The Comp. was appointed by Club med, World's largest holiday resort, as their selling agent in Western & Southern India.

1997

- Thomas Cook has introduced Delhi first mobile forex bureau. This is the company second mobile van in the country.

- Thomas Cook [Indias] 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 [SBIs] & Thomas Cook has identified two of SBI branches in Goa, Callangute & Maragaon to launch its travel-related products.

- Thomas Cook India [TCIs] has introduced a unique service disaster recovery service in collaboration with Europe Assist of France.

- Thomas Cook India [TCIs] has launched `Money Gram', to help travellers to overcome any financial crunch while their visit in India.

1998

- Thomas Cook [Indias], a 40% subsidiary of one of world oldest travel companies, Thomas Cook UK, has reported an encouraging performance for 1997.

- For the first time ever, India biggest travel company, Thomas Cook India, & 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 & has been launched in Britain

- Thomas Cook India Ltd, the largest player in the travel trade, has become one of first companies in India to enforce a formal code of business ethics & conduct for its employees & business associates.

- Thomas Cook India Ltd [TCILs] TCIL will be expanding overseas through a newly floated subsidiary - Thomas Cook Mauritius Holding Comp. Ltd [TCMHCs].

- Thomas Cook [Indias] Ltd is planning to enter the credit card business. The Indian subsidiary of foreign exchange & travel business major Thomas Cook is currently negotiating with a couple of foreign banks for collaboration.

- Thomas Cook is the first Comp. to introduce the concept of travel money card in India in association with Visa.

1999

- Thomas Cook, leading international travel & 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 & Canadian dollars, UK pound sterling, French francs, Deutsche marks, Swiss francs, Japanese yen & Dutch guilders.

- Leading travel house Thomas Cook has pitched for international Travel House [ITHs], a subsidiary of tobacco major ITC Ltd.

- Thomas Cook India limited has launched `global travel services' in the Indian market. The travel services will offer a range of travel, financial, emergency & other special services. India is the second country after the UK where the product has been launched.

- Thomas Cook & Tourisme France International have signed an agreement for promoting the new product in India.

- Thomas Cook India [TCIs] has lined up a major expansion plan which includes acquisition of rivals, foray into insurance & setting up of a 100 per cent subsidiary in Mauritius.

- The Indian subsidiary is contributing nearly 10 per cent to Thomas Cook global profits.

- The Comp. 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 [Indias] 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 & the whole of SAARC region.

- Thomas Cook [Indias] Ltd [TCILs] in league with Standard Chartered Bank [Stancharts], launched a co-branded global credit card targeted at the `serious traveller', a worldwide first for Thomas Cook Group.

- India is the second biggest market for Thomas Cook after the UK.

- Thomas Cook [Indias] Ltd will soon be launching a domestic call centre for product information as well as for support & service, including emergency services for its customers.

- The Credit Rating Information Services of India Ltd [Crisils] has assigned the highest safety ratings to the debt programms of GE Capital Services [GE Capss], Thomas Cook [Indias] Ltd [TCILs] & AMP India Ltd.

- Thomas Cook has introduced professional travel help for first time in India, launching a 'Global Help Card' called 'Friend'.

- Travel & forex house the Comp. was in talks with Travel Corporation of India for a possible tie-up or acquisition.

- The Comp. has taken over the largest domestic in bound tour operator Travel Corporation of India.

2000

- The Board considered a proposal for incorporation of wholly-owned subsidiary Comp. in Srilanka and/or acquiring the existing business of Thomas Cook Overseas Ltd., UK 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 Mumbai-based travel major Thomas Cook India.

- Thomas Cook India limited launched the International Airline Passenger Association [IAPAs] card in India. The Company card poducts division has also signed an exclusive marketing partnership agreement with IAPA for India & 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 Comp. 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 Comp. with effect from January 16, 2003. Mr Stefan Pichler is appointed by Thomas Cook Overseas Ltd.

- Thomas Cook India Ltd [TCILs] today [February 6, 2003s] announces the appointment of Mr Stefan Pichler, Chairman & CEO, Thomas Cook AG, as its new Chairman of Board. The appointment will take effect after the conclusion of company Annual General Meeting on February 24, 2003. Due to this, Mr Pradip Madhavji steps down from the position of Chairman of 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 Comp. effective February 24, 2003. 2. Appointment of Mr Alan Stewart as Non-Executive Vice Chairman on the Board of Comp. effective February 24, 2003. 3. Resignation of Mr P P Madhavji from the Board of Comp. effective February 24, 2003. 4. Resignation of Mr M L Apte from the Board of Comp. 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 Institute of Directors [IODs], a non profit organisation, in association with World Environment Foundation [WEFs], Federation of Indian Chamber of Commerce & Industry [FICCIs], World Council for Corporate Governance [WCFCGs] & Centre for Corporate Governance.

2004

-Thomas Cook sets up Mauritius office

2007

-Thomas Cook India Ltd hasappointed Mr. Vinayak Purohit, as an Additional Director & Executive Director - Finance of Comp. with effect from May 14, 2007.

-Thomas Cook India Ltd has informed that the Board of Directors of Comp. 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 Comp. on December 13, 2007 signed a Memorandum of Understanding [MOUs] with JTB Corp. Japan, one of largest travel solutions Companies in the world.

- The Comp. has splits its face value from Rs10/- to Rs1/-.

2008

-The Comp. has issued rights in the ratio of 35:100 at a premium of Rs.34.5/-Per Share.