Thomas Cook India Limited has expanded its support for Indian enterprises operating in or planning expansion into the European Union through its Cyprus subsidiary, Travel Circle International (Cyprus) Limited (TCI Euro), in collaboration with Eurobank.
The initiative is aimed at helping Indian businesses access travel, financial, and cross-border investment solutions as commercial ties between India and Europe continue to strengthen.
Cyprus Operations Support Indian Businesses Expanding into Europe
Thomas Cook India established TCI Euro in Nicosia, Cyprus, in 2025 as its first operational base within the European Union. The office was created to address the evolving travel and mobility requirements of Indian corporates and multinational companies operating across Europe.
The Cyprus presence provides enterprise clients with access to EU-focused travel solutions, local market support, and preferential travel arrangements, helping businesses manage cross-border operations more effectively.
Eurobank Expands Presence in India
Complementing this development, Eurobank has established a representative office in Mumbai, marking the first physical presence of a Greek and Cypriot bank in India.
The office is expected to facilitate corporate transactions, investment flows, and financial connectivity between India and Europe, supporting businesses seeking opportunities across both regions.
India-EU Growth Creates New Opportunities
The collaboration comes at a time of increasing economic engagement between India and the European Union, particularly following the India-EU Free Trade Agreement concluded in January 2026.
The agreement is expected to strengthen trade and investment activity across a market spanning nearly two billion people and representing approximately 25% of global GDP.
Commenting on the development, Indiver Rastogi, President & Group Head – Global Business Travel, Thomas Cook India, 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.”
Partnership Aims to Facilitate Business Mobility
Michalis Louis, CEO of 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.”
The development reflects growing momentum in India-Europe business relations and highlights the increasing demand for integrated travel, financial, and mobility solutions for companies expanding across international markets.
