Thomas Cook India Appoints Deepesh Varma & Deepti Sheth to Senior Management
Thomas Cook India's Board approved the conversion of an inter-company loan to its Sri Lankan subsidiary into OCCRPS. The company also appointed Deepesh Varma as Chief Business Officer - Foreign Exchange and Deepti Sheth as President & Group Head - Human Resources. Both appointments are effective April 1, 2026.
The appointment of key personnel in senior management roles and the conversion of an inter-company loan can have a medium-term impact on the company's strategic direction and financial structure.
The announcement details standard business operations including loan conversion and senior management appointments, with no explicitly positive or negative financial or strategic implications mentioned.
Thomas Cook (India) Limited announced key leadership appointments following a Board Meeting held on March 20, 2026. The Board approved 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). Powers for this conversion, to be executed in tranches, were delegated to a Sub-Committee.
Furthermore, the company appointed Mr. Deepesh Varma as the Chief Business Officer for Foreign Exchange and designated him as Senior Management Personnel (SMP), effective April 1, 2026. Mr. Varma, a Hotel Management Graduate with a Senior Management Programme from IIM Calcutta, brings over 26 years of experience, including more than 13 years with the company in various roles within Foreign Exchange and Operational Excellence.
In addition, Ms. Deepti Sheth has been appointed as the President and Group Head of Human Resources and designated as SMP, also effective April 1, 2026. Ms. Sheth, a postgraduate in Human Resources with over 20 years of experience, has been with the organization for over 11 years, previously holding significant HR roles within the company and SOTC Travel Limited.
The Board Meeting commenced at 3:45 P.M. IST and concluded at 6:00 P.M. 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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