Thomas Cook acquires Ikya

BANGALORE: Thomas Cook India, an integrated travel services provider, has signed an investment agreement to acquire a 74% interest in IKYA Human Capital Solutions (Ikya), a human resources staffing solutions company for Rs 256 crore.
Ikya offers specialized human resources services including search, recruitment, project based hiring, general and professional staffing, skill development, and facilities management to over 500 leading Indian corporate clients through 32 offices, with 1,400 team members and over 54,000 associates.With this investment, Thomas Cook broadens its portfolio of service-related businesses with an entry into one of the world's largest human resource markets.
Madhavan Menon, managing director of Thomas Cook India, said, "Ikya's wide range of HR services and sterling reputation offer us a wonderful opportunity to extend the bouquet of travel, financial and HR services we offer to corporates across India."