Offers customers easy access with 2 foreign exchange outlets at Margao & Panjim
Mumbai, October 20, 2021: Thomas Cook (India) Ltd., India’s leading integrated travel and travel related financial services company, opened a new foreign exchange branch at Shop No. 2, 1st Floor, Mabai Building, Margao, Goa. The branch was inaugurated by Ambreesh Rastogi and Jayesh Joshi, Associate Vice Presidents of the company’s Foreign Exchange business.
Thomas Cook India’s internal data has identified Goa as a high opportune source market, and the new foreign exchange branch, is hence aimed at maximising this growth potential.
Thomas Cook India’s foreign exchange distribution/reach in Goa now extends to 2 owned branches with presence in both North & South Goa.
Thomas Cook India’s new outlet in Goa will empower consumers with end-to-end forex solutions along with a range of travel and travel related services, which include:
Prepaid Forex Cards:
Multi-currency Borderless Prepaid Card in partnership with MasterCard – with 9 global currencies
Thomas Cook One Currency Card – India’s first prepaid card with Zero cross currency conversion fees
Education forex for the overseas student segment of Ghaziabad, with discounted air fares, excess baggage, insurance, and foreign exchange student products
Remittances (both inward and outward), with its “Send Money Abroad” scheme covering over 120 countries
Diverse range of products-services: 26 global currencies, draft & wire service to universities in 120 countries, Forex App, online forex store
Deepesh Varma, Senior Vice President – Foreign Exchange, Thomas Cook (India) Limited said, “Our internal data highlights that Goa is a key source market with strong growth potential. Our selection of the prime location of Margao is hence aimed at catalysing growth by bringing our range of forex products-services right to the doorstep of our Goa consumers.
In our unerring focus on customer delight, we have launched our promise of doorstep delivery within 4 hours- to benefit Goa’s diversity of segments including students, business and leisure travellers.”
About Thomas Cook (India) Limited:
Set up in 1881, Thomas Cook India) Limited. (TCIL) 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, Value Added Services, Visa and Passport services. It operates leading B2C and B2B brands including Thomas Cook, SOTC, TCI, SITA, Asian Trails, Allied T Pro, Australian Tours Management, Desert Adventures, Luxe Asia, Travel Circle International Limited (TCI 勝景遊), Sterling Holiday Resorts Limited, Distant Frontiers, TC Tours, Digiphoto Entertainment Imaging (DEI), Go Vacation, Private Safaris East & South Africa
As one of the largest travel service provider networks headquartered in the Asia-Pacific region, The Thomas Cook India Group spans 25 countries across 5 continents
TCIL has been felicitated with CNBC-TV18 & ICICI Lombard India Risk Management Award – Travel & Leisure Category 2021, The Best Travel Agency – India at TTG Travel Awards 2019, The Best Outbound Tour Operator at the Times Travel Awards 2018 & 2019 and Leading Company with Cutting Edge Travel Innovation at the Times Travel Awards 2018, Silver award for Asia’s Best Integrated Report (First Time) category at the Asia Sustainability Reporting Awards 2019, Best Risk Management-Framework & Systems at the India Risk Management Awards 2019; Best Cash Management Solution – India at the Asset Triple A Treasury, Trade, Supply Chain & Risk Management Awards 2018, Best Outbound Tour Operator at the SATTE Awards 2019, Excellence in Domestic Tour Operations at the SATTE Awards 2018, The French Ambassador’s Award for Exemplary Achievements in Visa Issuance – 2015 to 2019 and the Condé Nast Traveller – Readers’ Travel Awards from 2011 to 2019.
CRISIL has reaffirmed the rating on debt programmes and bank facilities of Thomas Cook (India) Limited – ‘CRISIL A+/Negative on the long-term bank facilities of TCIL and CRISIL A1 rating on the short-term bank facilities and short- term debt of the Company.
Fairbridge Capital (Mauritius) Limited, a subsidiary of Fairfax Financial Holdings Limited promotes TCIL by holding 65.60% of its paid-up capital and is responsible for the execution of acquisition and investment opportunities.
About Fairfax Financial Holdings Limited:
Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Founded in 1985 by the present Chairman and Chief Executive Officer, Prem Watsa, the company is headquartered in Toronto, Canada. Its common shares are listed on the Toronto Stock Exchange under the symbol FFH and in U.S. dollars under the symbol FFH.U.
About Subsidiaries of Thomas Cook (India) Limited:
Sterling Holiday Resorts Limited, wholly owned subsidiary of TCIL is engaged in time share and resort business.
SOTC Travel Limited, wholly owned subsidiary of TCIL is a leading travel and tourism company active across various travel segments including Leisure Travel, Incentive Travel and Business Travel.
Travel Corporation (India) Limited. (TCI), a brand owned by TCIL through its wholly owned subsidiary company, is the leading Destination Management Company in India that offers tailor-made travel and related services to India, Nepal, Bhutan and Sri Lanka.
Thomas Cook India Group holds 51% stake in DEI Holdings Limited (DEI), one of the world’s leading imaging solutions and services providers.
About SOTC Travel:
SOTC Travel Limited (Formerly SOTC Travel Pvt. Ltd.) is a step-down subsidiary of Fairfax Financial Holdings Group; held through its Indian listed subsidiary, Thomas Cook (India) Limited (TCIL). SOTC India is a leading travel and tourism company active across various travel segments including Leisure Travel, Incentive Travel and Business Travel and Foreign Exchange. SOTC was established in 1949. Since then, it has escorted lakhs of travellers across the globe for more than 70 years to various destinations around the world. A new age innovative holidaymaker, SOTC strives to make holidays a priority for every Indian. ‘We are for holidays’ and we want Indians to prioritize their holidays.
This news was shared to Prittle Prattle News via press release.
