Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

Cox & Kings readies for revival

Mint Mumbai

|

December 10, 2024

Wilson & Hughes, its new owner, will infuse ₹1,000 crore to rebuild the company as a digital-first travel agency

- Varuni Khosla

Cox & Kings readies for revival

Wilson & Hughes India Pvt. Ltd plans to invest as much as ₹1,000 crore in Cox & Kings over three years to resurrect the liquidated and repurchased travel company as a digital-first entity catering to post-pandemic leisure and corporate travel needs, a top executive said.

"The funds will primarily be used for developing the technology part of the business, investing in skilled human capital, marketing and partnerships," Ramalingam Subramanian, president of Wilson and Hughes India and Cox & Kings, told Mint in an exclusive interaction.

The travel agency's brand portfolio will be enhanced, its services expanded, and market presence strengthened with physical stores.

The Singapore-based private equity firm acquired the 260-year-old travel company and about 200 sub-brands through the insolvency process in November 2024.

Cox & Kings is expected to begin functioning in three to six months. It has already started soft operations.

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

Mint Mumbai

Automation hits tech jobs as GCCs too dial back on hiring

Quess ended last quarter with ₹3,832 crore in revenue, up 5% sequentially.

time to read

1 mins

November 21, 2025

Mint Mumbai

Mint Mumbai

Donald Trump puts on ‘unbelievable show’ for Saudi crown prince

In feting the crown prince, Trump has again pivoted to foreign policy, one of his focus areas

time to read

4 mins

November 21, 2025

Mint Mumbai

India must build from within to protect itself in a fractured world

Can we function if the world unplugs us digitally? This is the litmus test of our sovereignty today

time to read

3 mins

November 21, 2025

Mint Mumbai

Mahindra targets 8-fold auto growth

Mahindra Group is aiming for an eight-fold growth in consolidated revenue of its auto sector by FY30 compared to that in FY20, betting big on SUVs and light commercial vehicles.

time to read

1 min

November 21, 2025

Mint Mumbai

Standardize expenditure heads by FY28: CAG tells states

CAG's move is aimed at overhauling India's public finance system.

time to read

1 min

November 21, 2025

Mint Mumbai

Decoding Narayana stock spurt

Narayana Hrudayalaya Ltd investors must be in the pink of health.

time to read

2 mins

November 21, 2025

Mint Mumbai

Valuation format plan may cut IBC disputes: IBBI

The Insolvency and Bankruptcy Board of India (IBBI) has proposed a new format for professionals valuing distressed assets to make reports uniform, credible, and reduce lawsuits.

time to read

1 mins

November 21, 2025

Mint Mumbai

Delhi may miss the biggest e-bus roll-out

The 2,800 electric buses allocated to Delhi under the PME-Drive scheme meant to electrify public transport hangs in the balance, as the city government has yet to meet a crucial condition under the incentive plan.

time to read

2 mins

November 21, 2025

Mint Mumbai

Institutional investor pushback eases

The percentage of company resolutions opposed by large institutional investors declined in the first half ended September, even as promoters continue to have their way on most decisions put to a vote.

time to read

2 mins

November 21, 2025

Mint Mumbai

KKR to raise $15 bn in new Asia PE fund

KKR has kicked off fundraising for its fifth Asia private equity fund, seeking to raise $15 billion in what would be one of the region's largest buyout fundraisings, three people with knowledge of the matter said.

time to read

1 min

November 21, 2025

Listen

Translate

Share

-
+

Change font size