Thomas Cook India Appoints Deepesh Varma and Deepti Sheth to Senior Management
Thomas Cook India's Board approved the conversion of an inter-company loan into OCCRPS for its Sri Lankan subsidiary. The company also appointed Mr. Deepesh Varma as Chief Business Officer - Foreign Exchange and Ms. Deepti Sheth as President and Group Head - Human Resources, both effective April 1, 2026.
The appointments of key personnel in crucial roles like Foreign Exchange and Human Resources can have a medium-term impact on the company's strategic direction and operational efficiency.
The announcement details routine corporate actions, including loan conversion and senior management appointments, with no immediate positive or negative financial implications stated.
Thomas Cook (India) Limited announced key appointments following a Board Meeting held on March 20, 2026. The Board granted in-principle approval for the conversion of an inter-company loan given to its non-material wholly-owned subsidiary, Thomas Cook Lanka (Private) Limited, into Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS).
The company also appointed Mr. Deepesh Varma as the Chief Business Officer - Foreign Exchange and designated him as Senior Management Personnel (SMP), effective April 1, 2026. Mr. Varma, who has been with the organization for over 13 years, is a Hotel Management Graduate with a Senior Management Programme from IIM Calcutta. He brings over 26 years of experience, including prior roles at British Telecom and WNS.
Additionally, Ms. Deepti Sheth has been appointed as the President and Group Head - Human Resources and designated as SMP, also effective April 1, 2026. Ms. Sheth, a Post Graduate in Human Resources with over 20 years of experience, has been with the organization for over 11 years, with previous HR roles at Edelweiss Financial Services and ASK Investment Holdings.
The Board Meeting commenced at 3:45 PM IST and concluded at 6:00 PM IST.
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Thomas Cook (India) Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Thomas Cook (India) Limited. Read the original for the full detail.