Building on growing ties with Cyprus & Eurobank’s India entry, TCIL & Eurobank, through their respective services, will enable smoother access to travel services as well as cross-border transactions and investments across the EU region

Mumbai, June 1, 2026: Thomas Cook (India) Limited, India’s leading omnichannel travel services company, continues to strengthen its strategic engagement across the India–Europe corridor through its Cyprus subsidiary, Travel Circle International (Cyprus) Limited (TCI Euro), alongside Eurobank’s growing presence in India, to support Indian enterprises expanding into Europe.

Thomas Cook India had earlier announced its entry into the European Union in 2025 through the establishment of its first office, TCI Euro, in Cyprus (Nicosia). The office was set up to support the evolving business travel requirements of Indian corporates and multinational clients operating across Europe. The Company’s early move into Cyprus provides Thomas Cook’s enterprise clients the advantages of access to EU exclusive travel options and preferential rates among other benefits. TCIL’s strategic expansion into Cyprus, also aligns well with the growing momentum in India–EU trade, as expanding Indian businesses seek enhanced access, localised offerings and seamless cross-border operations.

Eurobank’s representative office in Mumbai (marking the first physical presence of a Greek and Cypriot bank in India) will be facilitating cross-border corporate transactions and investments between India and Europe and is seen as a strategic step in deepening financial connectivity between the regions.

The respective services offered by Thomas Cook and Eurobank each contribute to an ecosystem across travel services, financial services, and cross-border investments, intended to both facilitate and benefit from the broader India–Europe growth potential – especially in the light of the India-EU Free Trade Agreement concluded in January 2026 that creates a massive trade zone spanning nearly 2 billion people and covering 25% of global GDP.

Mr. Indiver Rastogi, President & Group Head – Global Business Travel, Thomas Cook (India) Ltd. said, “Our entry into Cyprus last year marked a significant milestone in Thomas Cook India’s international growth journey and strengthened our ability to service clients across the European Union region. Combined with Eurobank’s growing presence in India, this creates a strong ecosystem for Indian enterprises looking at Europe as a growth market. By combining our on-ground operations in Cyprus with Eurobank’s cross-border financial expertise, we are well positioned to facilitate seamless business mobility and support enterprises with integrated travel and business solutions across the EU region.”

Mr. Michalis Louis, CEO, Eurobank Ltd. said, “I am delighted with the establishment of our India representative office in Mumbai because it reflects not just our recognition of India as a strategically important market for Eurobank but also reflects the growing importance of the rapidly developing business and economic ties between India and Europe. We see a powerful opportunity to collaborate with Thomas Cook India (via their Cyprus subsidiary TCI Euro) to support Indian enterprises operating in or planning expansion across the EU region.”

About Thomas Cook (India) Limited:

Set up in 1881, Thomas Cook (India) Limited (TCIL) is the leading omnichannel travel company in the country offering a broad spectrum of services including Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Value Added Services, and Visa Services. It operates leading B2C and B2B brands including Thomas Cook, SOTC, TCI, SITA, Asian Trails, Allied TPro, Australian Tours Management, Desert Adventures, 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 28 countries across 5 continents.

TCIL has been felicitated with ET Edge’s Best Organizations for Women (BOW) 2026, MICE Powerhouse at MaxiiiMICE Awards 2025, Outbound Travel Operator of the Year (2024) and MICE Travel Operator of the Year (2024 & 2023) at The Economic Times Travel & Tourism Annual Awards, MICE Travel Agency (Outbound) at the Economic Times MICE & Wedding Tourism Awards 2024, ‘Masters of Risk – Travel & Hospitality’ at India Risk Management Awards 2024, MICE Tour Operator of the Year – Outbound at SATTE 2024, Best Tour Operator at India Travel Awards North 2023, winner of the Corporate Citizen Award (Travel Tourism & Hospitality) at the Corporate Citizen Conclave & Award 2023, The Outbound Tour Operator of the Year 2022 at the SATTE Awards, IAMAI India Digital Awards 2022, CNBC-TV18 & ICICI Lombard India Risk Management Award – Travel & Leisure Category 2022 & 2021, CIO100 Award for digital innovation 2022.

CRISIL has reaffirmed the rating on debt programs and bank facilities of TCIL – ‘CRISIL AA/Stable’ 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. The highest rating for a travel & tourism company in India.

For more information, please visit www.thomascook.in

Fairbridge Capital (Mauritius) Limited, a subsidiary of Fairfax Financial Holdings Limited, is the promoter of TCIL with a shareholding of 63.83% of its paid-up capital.