Tag Archives: Deepesh Varma

Thomas Cook (India) has expanded its presence with the inauguration of a new branch at G–42, West End Mall, Janakpuri. Those present during the event included V Uppal, Owner, Brick Career Edu and Deepesh Varma, Sr Vice President, Foreign Exchange, Thomas Cook (India). The expansion augments Thomas Cook India’s distribution and reach in Delhi/NCR to 29 consumer access centres: 13 owned branches, 10 Gold Circle Partner (franchise) outlets and 6 Airport counters (Delhi international and domestic airports). Thomas Cook’s internal research had highlighted Janakpuri as a high-potential catchment and the company has hence chosen the location as a key driver of its prolonged strategic plan.

Thomas Cook (India) has identified Rajasthan as a significant growth market for its Foreign Exchange business and to leverage this opportunity, it has opened two new counters at Jaipur International Airport. The outlets were inaugurated by J S Balhara, Airport Director, Jaipur International Airport, in the presence of Deepesh Varma, Sr Vice President – Foreign Exchange. Industry data highlight that Jaipur International Airport has witnessed strong growth in passenger numbers – from 2.20 million passengers in 2014–2015 to 4.80 million passengers in 2017–2018. In addition, Thomas Cook India’s internal research has reiterated the strong and growing potential of India’s tier II and III source markets and based on this high potential, Jaipur airport was selected for its new Foreign Exchange outlets. The two new airport counters extend Thomas Cook India’s Foreign Exchange distribution and reach for Rajasthan to a total of 11 consumer access centres: 6 owned branches and 5 Gold Circle Partner (franchise) outlets. Deepesh Varma, Sr Vice President & Head – Sales & Relationship Management Foreign Exchange, Thomas Cook (India) said, “Being a prime gateway airport for the cultural tourists, Jaipur is a key and high-growth opportunity for our Foreign Exchange business.  We have identified Jaipur as a powerful source market given strong growth continuum of 18 per cent YoY for our Foreign Exchange business. Our two new Foreign Exchange outlets at Jaipur International Airport, will offer travellers easy access to Thomas Cook India’s range of Foreign Exchange products and services – right at the airport on arrival or departure.”

Thomas Cook (India) has opened a new branch at Jubilee Hills, Hyderabad to leverage the growing potential of Telangana. Present at the inauguration were Romil Pant, Senior Vice President- Leisure Travel, and V Pradeep, Associate Vice President, Foreign Exchange, Thomas Cook (India). This expansion extends Thomas Cook India’s presence in Telangana to 10 consumer access centres (4 owned branches and 6 Gold Circle Partner franchise outlets) across Saifabad, Begumpet, Hitech City, Gachibowli, Kukatpally, Banjara Hills, Attapur, Sainikpuri and Malakpet; with five additional outlets in Andhra Pradesh. Rajeev Kale, President & Country Head – Holidays, MICE, Visa & Passport Services, Thomas Cook (India) said, “At Thomas Cook, Telangana State has been identified as a prime driver and continues to deliver strong growth of 25 per cent YOY for our leisure travel business. Our new branch at Jubilee Hills, Hyderabad (a key residential, commercial and retail centre), gives our consumers convenient access to a wide range of travel and foreign exchange services. Innovative products like our Holidays and Forex apps with doorstep delivery of foreign exchange; equally our cutting edge prepaid cards (Borderless and One Currency) are of great value to Hyderabad’s tech savvy travellers and we are confident of seeing a strong uptake.” Deepesh Varma, Senior Vice President– Sales & Relationship Management, Foreign Exchange, at Thomas Cook India said, “Given the impressive increase of 45% across our key Forex product-segments, we have identified Telangana State as a strategic source market. Telangana is also a significant outward remittances market for us; our Send Money Abroad service seeing increased uptake.”    

Identifying the state of Uttar Pradesh as a significant growth market for its foreign exchange business, Thomas Cook (India) has opened two new counters at Lal Bahadur Shastri International Airport, Varanasi. The outlets were inaugurated by Anil Kumar Rai, Airport Director in the presence of Shouvik Chatterjee and Amit Gupta, Associate Vice Presidents of Thomas Cook India’s Foreign Exchange business. The two new airport counters extend Thomas Cook India’s Foreign Exchange distribution and reach for Uttar Pradesh to a total of 12 consumer access centres – seven owned branches and five Gold Circle Partner (franchise) outlets. Deepesh Varma, Senior Vice President & Head—Sales & Relationship Management Foreign Exchange, Thomas Cook (India) said, “At Thomas Cook India, we have identified Varanasi as a powerful source market given strong growth continuum of 17 per cent YoY for our Foreign Exchange business. Our two new Foreign Exchange outlets at Varanasi’s Lal Bahadur Shastri International Airport, will offer travellers easy access to Thomas Cook India’s range of Foreign Exchange products and services- right at the airport on arrival or departure.” Industry data highlights that Varanasi Airport has witnessed strong growth in passenger numbers from one million in 2014-2015 to 1.9 million passengers in 2017–2018.