Thomas Cook (India) Limited Approves Supplemental Agreement for Travel AI Platform Development
Thomas Cook (India) Limited announced on March 24, 2026, that its Sub-Committee of the Board of Directors approved a supplemental agreement with Atirath Technologies Private Limited regarding the Indian Horizon Marketing Services Limited joint venture (JV Co.). The supplemental agreement pertains to the co-development of a Travel AI Platform.TCIL will continue to hold a 50% stake in the JV Co., with Atirath retaining the remaining 50%. The additional subscription amount will be used for the purposes of co-developing the Travel AI Platform. The scope of the joint venture remains focused on the Indian market.
According to the supplemental agreement, the original terms of the joint venture remain in effect, including the 50:50 shareholding structure and equal participation in decision-making. Atirath is an associate of TCIL. The transaction qualifies as a related party transaction and has been conducted at arm’s length. The authorized capital of the JV Co. is INR 9.96 crores. The joint venture aims to facilitate the development of proprietary intellectual property for the travel domain utilizing Artificial Intelligence, benefiting the Thomas Cook Group. No other disclosures were made.
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