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• Thomas Cook India has expanded support for Indian enterprises operating or planning expansion in the European Union through its Cyprus subsidiary, Travel Circle International (Cyprus) Limited.
• The initiative aligns with Eurobank’s growing presence in India, including the establishment of its representative office in Mumbai.
• The two organisations aim to facilitate business travel, cross-border transactions and investment activity between India and Europe.
• Thomas Cook’s Cyprus operations provide Indian corporate clients with access to EU-based travel services and localised support.
• The move comes amid increasing India-EU economic engagement following the conclusion of the India-EU Free Trade Agreement in January 2026.
Thomas Cook (India) Limited has expanded its support services for Indian companies operating in or planning expansion across the European Union through its Cyprus-based subsidiary, Travel Circle International (Cyprus) Limited (TCI Euro). The initiative is being strengthened alongside Eurobank’s growing presence in India, with both organisations seeking to facilitate business mobility, cross-border transactions and investment activity between India and Europe.
The announcement was made on June 2 and builds on Thomas Cook India’s entry into the European Union in 2025 through the establishment of TCI Euro in Nicosia, Cyprus. The subsidiary was created to support the travel and mobility requirements of Indian corporates and multinational clients conducting business across European markets.
According to the company, its presence in Cyprus enables enterprise clients to access EU-specific travel services, localised support and preferential travel arrangements. The strategic location also provides a gateway for Indian businesses seeking operational connectivity and business engagement across the wider European Union region.
The initiative coincides with increasing trade and economic engagement between India and Europe, as more Indian companies explore opportunities for market expansion and investment within the EU. Thomas Cook India stated that its Cyprus operations are positioned to support these requirements through integrated travel management solutions tailored to corporate clients.
The development is complemented by Eurobank’s representative office in Mumbai, which represents the first physical presence of a Greek and Cypriot bank in India. The office has been established to facilitate corporate transactions, banking services and investment flows between India and Europe, strengthening financial connectivity between the two regions.
Together, the services offered by Thomas Cook India and Eurobank are intended to create a broader ecosystem supporting travel, business operations, financial services and cross-border investments. The collaboration comes against the backdrop of the India-EU Free Trade Agreement concluded in January 2026, which is expected to strengthen commercial ties between the two markets.
Indiver Rastogi, President and Group Head – Global Business Travel at Thomas Cook (India) Limited, stated that the company's expansion into Cyprus marked an important step in its international growth strategy and enhanced its ability to support clients operating across Europe. He noted that the combination of Thomas Cook’s presence in Cyprus and Eurobank’s growing India operations creates an integrated platform for enterprises looking to establish or expand their footprint within the European Union.
Michalis Louis, Chief Executive Officer of Eurobank Ltd., said the opening of the bank’s representative office in Mumbai reflects the increasing significance of India as a strategic market and the growing business links between India and Europe. He added that collaboration with Thomas Cook India through its Cyprus subsidiary could help support Indian enterprises seeking opportunities across EU markets.
The initiative reflects broader efforts by both organisations to strengthen business connectivity between India and Europe by combining travel, financial and investment-related services for companies pursuing cross-border growth opportunities.
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