Thomas Cook India Appoints Deepesh Varma & Deepti Sheth to Senior Management Roles
Thomas Cook India's Board approved the conversion of an inter-company loan into OCCRPS. Mr. Deepesh Varma was appointed Chief Business Officer - Foreign Exchange and Ms. Deepti Sheth was appointed President and Group Head - Human Resources. Both appointments are effective April 1, 2026.
The appointments of key personnel in significant roles like Chief Business Officer and Head of HR can influence future business strategy and operations, thus having a medium-term impact on the company.
The announcement details routine corporate actions including loan conversion and senior management appointments, which do not inherently carry a positive or negative financial implication without further context.
Thomas Cook (India) Limited announced key appointments following its 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).
Furthermore, the company 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 brings over 26 years of experience, including more than 13 years with the organization, and holds a Hotel Management degree and an IIM Calcutta Senior Management Programme. He has previously held roles in operations and business process excellence within Thomas Cook India.
Additionally, Ms. Deepti Sheth has been appointed as the President and Group Head - Human Resources and designated as Senior Management Personnel (SMP), also effective April 1, 2026. Ms. Sheth possesses over 20 years of experience in Human Resource Management and has been with the organization for over 11 years. She holds a postgraduate degree in Human Resources and a Bachelor's degree in Commerce. 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.