Chairman & Non-Executive Nominee Director


Madhavan Menon, MBA, Finance & International Business, George Washington University, USA, was born on 12 February 1955. He has a total experience of over 33 years and his expertise spans over Banking, Finance and Travel-related Foreign Exchange Management.

He was appointed as an Executive Director-Foreign Exchange with effect from 1st May, 2000 in Thomas Cook (India) Limited (TCIL) and since then has been associated with the Company for the past 15 years. He was appointed as the Managing Director on 27 April, 2006. Thomas Cook India re-designated MD Madhavan Menon as Chairman and Managing Director, effective January 1, 2016.


His previous assignment prior to joining TCIL was as Chief Operations & Administrative Officer of Birla Sunlife Asset Management Co. (AMC) Ltd, Citi Bank and ANZ Grindlays Bank.

He is currently serving as Non Executive Nominee Director on the Board of Kuoni Travel (India) Private Limited w.e.f. 16 December, 2015, representing the interest of Thomas Cook (India) Limited and has been appointed as 'Chairman' of Kuoni Travel (India) Private Limited w.e.f. 27th January 2016.



Managing Director, SOTC Travel

An engineering graduate with B.E. in Electrical, Vishal Suri has over 25 years of experience across consumer centric industries like Office Automation, Internet, Telecom in start-up as well as mature and established firms and has spent last 10 years in Travel Industry.

Prior to his elevation as Managing Director, SOTC Travel (formerly Kuoni India), he was the Chief Executive Officer-Tour Operating at SOTC Travel (formerly Kuoni India). Vishal Suri joined Kuoni-Tour Operating in August 2012 from Thomas Cook India where he was the Chief Operating Officer Leisure Travel .Vishal joined Thomas Cook in 2005 and progressed to become the Chief Operating Officer - Leisure Travel (Outbound & Domestic) in 2007.

He has played leadership roles while rolling out new products and business models in consumer businesses. He has exceptional skills in maintaining inter-personal relationship and has a sound reputation of managing and developing dynamic teams.



Non Executive Nominee Director

Harsha Raghavan is the Managing Director & CEO of Fairbridge Capital Private Limited (Fairbridge), a Mumbai based wholly owned investment advisory company of Fairfax Financial Holdings Limited. Fairbridge provides discretionary investment advisory services to all of the insurance and reinsurance subsidiaries of Fairfax Financial Holdings and Fairfax India Holdings Corporations and additionally supports Fairfax's global portfolio companies on their growth initiatives in the region.

Harsha Raghavan has been involved with the Indian private equity industry since 1996 and previously held leadership roles at Candover Investments, Goldman Sachs PIA and Indocean Chase Capital. In these prior roles, he executed more than 2 dozen transactions totaling more than $1.5 billion in investment.

He currently serves on the Boards of Thomas Cook (India) Limited, Thomas Cook Lanka (Private) Limited, Thomas Cook (Mauritius) Holding Company Limited, Thomas Cook (Mauritius) Operations Company Limited, Thomas Cook (Mauritius) Holidays Limited, Thomas Cook (Mauritius) Travel Limited, Quess Corp Limited (formerly IKYA Human Capital Solutions Limited), Sterling Holiday Resorts Limited, Nation Trust Bank PLC, Luxe Asia (Private) Limited, Horizon Travel Holdings (Hong Kong) Private Limited, Horizon Travel Holdings (Singapore) Private Limited, Kuoni Travel (China) Limited, National Collateral Management Services Limited and Fairfax India Holdings Corporation.

Harsha Raghavan holds MBA and MS in Industrial Engineering degrees, both from Stanford University, and a BA from UC Berkeley where he double majored in Computer Science & Economics.

He is currently serving as Non Executive Nominee Director on the Board of Kuoni Travel (India) Private Limited w.e.f. 16th December, 2015, representing the interest of Thomas Cook (India) Limited.



Additional Non-Executive Independent Director

Mrs. Kishori Udeshi has an M.A. Degree in Economics from Bombay University. She moved on to a professional career in central banking and became the first woman to be appointed as Deputy Governor of the Reserve Bank of India.

She was the first Executive Director of the RBI to be nominated on the Board of State Bank of India. As Deputy Governor, one of her portfolios was the regulation and supervision of the banking and non-banking sector. She represented the RBI on the Core Principles Liaison Group and the Core Principles Working Group on Capital, of the Basel Committee on Banking Supervision, set up by the Bank for International Settlements, Switzerland. As Deputy Governor she was on the Board of SEBI, NABARD, Exim Bank and was the Chairman of Bharatiya Reserve Bank Note Mudran (Pvt.) Ltd., Bangalore as also Chairman of the Deposit Insurance and Credit Guarantee Corporation.

In 2006 the Reserve Bank of India appointed her as Chairman of The Banking Codes and Standards Board of India. She demitted this office in December 2011. She was a Member of the Financial Sector Legislative Reforms Commission chaired by Justice SriKrishna, set up by the Government of India.

Mrs. Udeshi is currently a Director of Haldyn Glass Limited, HSBC Asset Managemnt (India) Pvt. Limited, ION Exchange (India) Limited, Shriram Transport Finance Company Limited and Elantas Beck India Limited, Thomas Cook (India) Limited and Shriram Automall Limited.

Mrs. Kishori Udeshi joined the Board of Kuoni Travel (India) Private Limited as an Additional Non-Executive Independent Director with effect from 27th January 2016.



Additional Non-Executive Independent Director


Mr. Rahul Bhagat has a Masters of Arts degree in International Affairs from College of William and Mary, Williamsburg, USA, and a Bachelor of Arts degree in History (Honors) from St. Stephen's College, Delhi University, India.

Mr Rahul Bhagat is a versatile Consumer Banking professional with over 26 years of banking experience. He was with HDFC Bank for 16 years (1999-2015), of which the last 10 years was as Country Head – Retail Liabilities, Marketing & Direct Banking Channels reporting to the CEO. Prior to HDFC Bank, he was Vice President & Head - Product Development Group at Bank of America (1997-1999) and ANZ Grindlays Bank Ltd (1989-1997).


During his professional career, Mr Rahul Bhagat's contribution and leadership has been recognised through invitation to numerous Boards and Committees, including: Standing Committee on Retail Banking, Indian Bank's Association; Executive Committee - National Securities Depository Limited; Customer Global Advisory Board, NCR Corp (USA); Global Advisory Board, Diebold Inc (USA); and Member of Indian Public Schools’ Society. More recently, Mr. Rahul Bhagat helped incorporate World Monuments Fund India Association as a Founder Director.

Since December 2015, Mr Rahul Bhagat has been associated with Vodafone India Limited as an Advisor to incorporate and operationalize their licence into a Payments Bank.

Mr. Rahul Bhagat joined the Board of Kuoni Travel (India) Private Limited as an Additional Non-Executive Independent Director with effect from 27th January 2016.



Additional Non-Executive Independent Director


Mr. Nilesh Vikamsey is a Senior Partner at M/s Khimji Kunverji & Co., Chartered Accountants, a member firm of HLB International, which is a leading network of independent professional accounting firms and business advisers with member firms well-established locally and mostly ranked among the top 12 nationally.

Mr. Vikamsey is an elected member of the Central Council of Institute of Chartered Accountant of India (ICAI).

Mr. Vikamsey is Chairman of Federal Bank Limited, also on the Board of a number of companies like SBI Life Insurance Company Limited, Thomas Cook (India) Limited, IIFL Holdings Limited, Navneet Education Limited and IIFL Wealth Management Limited, among others.

He is Trustee in Sayagyi U Ba Khin Memorial Trust (Vipassana International Academy, Igatpuri) & few other educational trusts in Mumbai.


Mr. Vikamsey was Chairman of SEBI's Qualified Audit Report Committee (QARC) & member of its Committee on Disclosures and Accounting Standards (SCODA), LLP Committee of Ministry of Corporate Affairs (MCA), Chairman of Education & CPD Committee of South Asian Federation of Accountants (SAFA), IRDA's Committee on Road Map for Risk Based Solvency Approach in Insurance, Chairman of ICAI's Board of Studies, Research Committee, Financial Reporting Review Board & Expert Advisory Committee & Vice Chairman of ICAI’s Committee on Information Technology & Corporate Laws & Corporate Governance Committees.

Mr. Nilesh Vikamsey joined the Board of Kuoni Travel (India) Private Limited as an Additional Non-Executive Independent Director with effect from 27th January 2016.