Thomas Cook India: Potential Unleashed - A Journey to Value Creation

Cases
Vikram Kuriyan, Soumithri Mamudipudi, Geetika Shah, Bitan Chakraborty. "Thomas Cook India: Potential Unleashed - A Journey to Value Creation", 2019
Abstract:
Discipline: Finance
Industry: Finance
Length: 21p
Subjects covered: Finance, General Management, Strategy
Publication Date: October 24, 2018
 
Description: 
The case gives students an opportunity to analyze the ways in which the company's management uses Prem Watsa's value investment philosophy to guide its decisions, both in its core business and in its acquisitions. The case also gives students lessons the value investment philosophy offers to investors and managers of firms. The travel industry is beset by structural changes and new paradigms and owners have to respond to the changing environment.

Learning objective:
The changing fortunes of TCI are most apparent in the increase in its share price after making several acquisitions. The case gives students an opportunity to analyze the ways in which the company's management uses Prem Watsa's value investment philosophy to guide its decisions, both in its core business and in its acquisitions. The case also gives students an idea of how travel companies in India have had to adapt to new paradigms and what lessons the value investment philosophy offers.