Thomas Cook India names new chairman, amends ESOPs, boosts JV investment

Thomas Cook (India) Limited announced on November 12, 2025, that its board of directors has designated Gopalakrishnan Soundarajan as the non-executive director and chairman of the board, effective the same day. Soundarajan, who joined as a non-executive director on May 29, 2021, holds a Bachelor of Commerce degree and is a member of the Institute of Chartered Accountants of India.

The company also approved amendments to its Employee Stock Option (ESOP) Schemes, subject to shareholder approval. These amendments include changes to the vesting period for ESOP 2013, ESOP 2018 – EXECOM, and ESOP 2024 – EXECOM. Additionally, the ESOP 2024 – EXECOM scheme will see an increase in the number of employee stock options from an originally approved pool of 5,570,000 to a proposed 6,570,000 options, convertible into equity shares of face value Re. 1 each.

Furthermore, Thomas Cook (India) approved an addendum to its Joint Venture Agreement with Atirath Technologies Private Limited and Indian Horizon Marketing Services Limited. This includes an approved investment of up to INR 27,000,000 in the JV Company, with powers delegated to the sub-committee of the board to manage the investment in tranches.