Daily news, 09 Nov 2007: UTRECHT and MUMBAI – BCD Travel expands its operations in India through the acquisition of A.V. Tours and Travel Pvt. Ltd., an independent travel management company headquartered in Hyderabad.
Ilona De March, president and COO for Europe and India for BCD Travel, said: “This move sends a strong signal to the Indian and international markets that as a global player in the corporate travel management industry, BCD Travel is committed to being where our customers need us to be – and to providing strong, best-in-class service with a local touch in all of our markets.”
The acquisition of A.V. Tours and Travel, which recorded over US$7 million in sales in 2006, represents a major expansion for BCD Travel in the growing Hyderabad market. Mr. Venkatesh Muthigi, managing director, A.V. Tours and Travel, will join the senior management team of BCD Travel in India.
Ajay Bali, managing director of BCD Travel in India, noted: “We are very pleased to expand our footprint in one of India’s fastest-growing markets. We welcome all the employees of A.V. Tours and Travel to the BCD Travel family, and I am very excited to add Mr. Muthigi to our senior leadership team.”
BCD Travel expands operations in India