Thomas Cook (India) Limited announced significant changes in its Senior Management Personnel, effective April 1, 2026. Mr. Deepesh Varma has been appointed as the new Chief Business Officer for Foreign Exchange, while Ms. Deepti Sheth has been elevated to President and Group Head of Human Resources. Both executives have extensive internal experience, totaling over 24 years of combined service with the company and its group entities, reflecting a focus on internal talent promotion.
Board Meeting Outcome and Key Decisions
The Board of Directors of Thomas Cook (India) Limited convened a meeting to approve significant management restructuring designed to ensure leadership continuity across critical functions. A key resolution involved the Conversion of inter-company loan given by the Company to Thomas Cook Lanka (Private) Limited (Non-Material Wholly Owned Subsidiary) into Optionally Convertible Redeemable Preference Shares (OCCRPs).
Appointment of New Chief Business Officer – Foreign Exchange
Mr. Deepesh Varma’s New Role
Effective April 1, 2026, Mr. Deepesh Varma has been appointed as the Chief Business Officer, Foreign Exchange, Senior Management Personnel. This promotion marks a recognition of his tenure, having been part of the organization for over 13 years. Mr. Varma, a Hotel Management Graduate with further training from IIM Calcutta, brings over 26 years of professional experience, having joined Thomas Cook India in March 2013.
Appointment of New Head of Human Resources
Ms. Deepti Sheth’s Elevation
Ms. Deepti Sheth has been appointed as the President and Group Head – Human Resources, Senior Management Personnel, also effective April 1, 2026. Ms. Sheth has contributed to the organization for over 11 years. She is a Post Graduate in Human Resources and has over 20 years of experience in HR management, including previous strategic roles within the group since joining in November 2014.
Operational Details
The announcement confirms that the Board Meeting commenced at 3.45 P.M. (IST) and concluded at 6.00 P.M. (IST) on the date of the filing. The detailed profiles of both appointees, including their qualifications and professional backgrounds, are provided in the accompanying Annexures A and B, fulfilling regulatory disclosure requirements.
Source: BSE
