Thomas Cook (India) Limited 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.
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.”
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.”
