Thomas Cook (India) Limited (TCIL) is expanding its services to Indian enterprises by leveraging its Cyprus subsidiary, Travel Circle International (Cyprus) Limited (TCI Euro). This move, alongside Eurobank’s presence in India, aims to facilitate smoother cross-border transactions and travel services between India and the European Union. The initiative supports growing India-EU trade, especially following the Free Trade Agreement finalized in January 2026.
Strategic EU Expansion via Cyprus
Thomas Cook (India) Limited (TCIL), a leading omnichannel travel services company, is enhancing its strategic engagement across the India-Europe corridor. This expansion is being facilitated through its Cyprus-based subsidiary, Travel Circle International (Cyprus) Limited (TCI Euro). This initiative is designed to support Indian enterprises that are either operating or planning to operate within the European Union.
Collaboration with Eurobank
The expansion is further bolstered by the growing presence of Eurobank in India. The collaboration between TCIL and Eurobank aims to provide Indian businesses with smoother access to essential travel services and facilitate cross-border transactions and investments across the EU region. Eurobank’s representative office in Mumbai marks its first physical presence in India and is intended to deepen financial connectivity between India and Europe.
Leveraging India-EU Trade Momentum
TCIL’s entry into the European Union, established in 2025 with the launch of TCI Euro in Cyprus, provides its enterprise clients with access to EU-exclusive travel options and preferential rates. This strategic move aligns with the increasing momentum in India-EU trade. The expansion is particularly timely given the India-EU Free Trade Agreement, concluded in January 2026, which has created a substantial trade zone connecting nearly 2 billion people and representing 25% of global GDP.
Executive Insights
Mr. Indiver Rastogi, President & Group Head – Global Business Travel at Thomas Cook (India) Ltd., stated that the Cyprus entry was a significant milestone, enhancing their ability to serve clients across the EU. He highlighted that combined with Eurobank’s expertise, they can offer integrated travel and business solutions. Mr. Michalis Louis, CEO of Eurobank Ltd., expressed enthusiasm for the Mumbai representative office, recognizing India’s strategic importance and the growing India-Europe ties. He anticipates a strong collaboration with Thomas Cook India to support Indian enterprises expanding into the EU.
Company Background
Thomas Cook (India) Limited, established in 1881, is a prominent omnichannel travel company offering a comprehensive suite of services including Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Value Added Services, and Visa Services. The company operates through various leading B2C and B2B brands and holds the highest rating for a travel and tourism company in India from CRISIL.
Source: BSE
