Business of Thomas Cook India increased, foreign company's bankruptcy did not affect

Mumbai: Britain's travel company Thomas Cook, one of the world's leading travel companies, recently declared its bankruptcy. The 178-year-old company Thomas Cook has a debt of about 15 thousand crores. 1766 crore was urgently needed to continue operations. At the same time, its Indian unit Thomas Cook India Limited has said that its domestic laser business is growing at a rate of 25 per cent annually, which is more than its foreign travel segment business. In this context, TCIL Senior Vice President (Tourism) Romil Pant has said, 'The company does not see any problem in maintaining this growth rate in the coming years.

He also said that the closure of the British tour operator company Thomas Cook would not affect the operations of Thomas Cook India. The business started a few years ago and is growing at a rate of 25 per cent annually. Foreign tourism business is growing at a rate of 10 to 15 percent. In the same month, rating agency Crisil said in its credit bulletin that Thomas Cook India has strong ratings in the foreign exchange business and travel related service. The company has a good operation. The rating agency had said that the bankruptcy of Thomas Cook plc of UK would not affect Thomas Cook India, both are separate companies and do not have any affiliation and relationship.

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