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Cox & Kings Ltd.

BSE:533144  |  NSE:COX&KINGSBZ  |  58888:  |  IND:Travel Agen. / Tourism Deve. / Amusement Park / Catering  |  ISIN code:INE008I01026  |  SECT:Tourism & Hospitality






Prv. Close:


Cox & Kings Ltd.


Cox & Kings Ltd.









Prv. Close:


Cox & Kings Ltd.


Cox & Kings Ltd.





The Company History page lists out the major events in chronological order for Cox & Kings Ltd.

Company History - Cox & Kings Ltd.
Our Company was incorporated under the name of the "Eastern Carrying Company

Limited" on June 7, 1939 under the Indian Companies Act, VII of 1913. The name of

our company was subsequently changed to "Cox and Kings (India) Limited" and the

consequent fresh Certificate of Incorporation was granted on February 23, 1950.

Subsequently, after the amendment of Section 43A of the Companies Act 1956, the

word "Private" was added to the name of our Company on October 12, 2001. Pursuant

to a special resolution of our shareholders at an Extraordinary General Meeting held on

January 29, 2007, our Company became a public limited company and the word

"Private" was deleted from its name. The Certificate of Incorporation to reflect the new

name was issued on March 28, 2007 by the RoC.

The evolution of our name as a brand can be traced in history dating back to the year

1758, i.e. an history of over 250 years when Lord Ligonier, Colonel of the 1st Foot

Guards, appointed Richard Cox, as his regimental agent for handling the affairs, pay

and sundry obligations of the officers stationed overseas. Then since the year 1765 it

operated as a partnership firm. By the year 1815, the firm became agents and banker to

the entire Household Brigade, most of the cavalry and infantry regiments, the Royal Artillery,

and the Royal Wagon Train, which later became the Royal Army Service Corps. In the year

1909, Cox & Co. got incorporated as an unlimited company under the Companies

(Consolidation) Act, 1908 in London. In October 1922, Cox & Co. absorbed the business of

Henry S. King & Co., a small bank with Indian interests, with which the name of Cox & Kings

came into existence.

In February1923 their banking business was taken over by Lloyds Bank Limited. In the year

1960 Lloyds Bank Limited sold this acquired business to National and Grindlays Bank Ltd. In

the year 1980 Grindlays Bank Limited divested its nonbanking activities because of

Governmental regulations. This interest in the travel business was bought by Mr. A.B.M. Good

and Mr. John Norman Romney Barber by acquiring Cox & Kings (Holdings) Ltd. (now Cox &

Kings Ltd.) along with its subsidiary Cox & Kings Ltd. (now Cox & Kings Travel Ltd.). Cox & Kings

under its present ownership continued to operate as Specialized Tour Operator. It also branched

out into special interest holidays for artists, botanists and natural historians.

In the year 1980, the Reserve Bank of India vide its letter dated May 14, 1980 permitted

Cox & Kings (Agents) Limited to transfer its Indian business to Cox and Kings (India) Limited with

effect from October 1, 1978. Cox & Kings (Agents) Limited, however, continued with its business

from its head office in London. In consideration of this purchase of business, Cox and Kings (India)

Limited issued our shares to Cox & Kings (Agents) Limited. As a condition of Indianisation imposed

by the Reserve Bank of India, Cox and Kings (India) Limited issued and allotted 60% of the

shares to resident Indians and Staff Gratuity Trust Fund.

Ajay Ajit Peter Kerkar and Urrshila Kerkar bought Equity Shares of Cox and Kings (India) Limited

from the existing shareholders of our Company for the first time on May 09, 1981 and thereafter

consolidated their shareholding by way of rights issues in March 1990, August 1996, November

1998 and June 2005 through the allotment of additional shares/subscription to renunciation in the

rights issues including purchases from the existing shareholder during the said period. Liz

Investments Private Limited acquired the Equity Shares from the existing shareholders for the first

time on September 21, 1988 and similarly consolidated its shareholding in the rights issue by the

Company March 1990, August 1996, November, 1998 and June 2005. Upon conclusion of these

rights issues in June 2005 Ajay Ajit Peter Kerkar, Urrshila Kerkar, Liz Investments Private Limited and

Mr. A.B.M. Good collectively held 3,842,450 Equity Shares representing 70.63% of the outstanding

capital of the Company.

Major Events

Year Key Events, Milestones and Achievements

1980 Acquisition of Indian business of Cox & Kings (Agents) Ltd.

1996 Foray into Foreign Exchange business

1999 Launch of brands, "Duniya Dekho" and "Bharat Deko"

2001 Launch of brand, "FlexiHol"

2002 Takeover of Foreign Exchange business of Tulip Star Hotels Limited

2006 Acquisition of Clearmine Limited, a U.K. based company, with its wholly owned

subsidiary ETN Services Limited

Establishment of overseas branch offices at Russia and New York

Incorporation of our overseas subsidiary in Singapore

Enhancement of Full Fledged Money Changer License to Authorized Dealer Category-II

2007 Acquisition of Cox & Kings Ltd., a U.K. based company, with its wholly owned subsidiary

Cox & Kings Travel Ltd. and Cox & Kings (Japan) Ltd., based in Japan pursuant to the

FIPB approval dated August 6, 2007

Incorporation of our overseas subsidiary in Dubai

2008 Acquisition of Tempo Holidays Pty Ltd., based in Australia with its wholly owned

subsidiary Tempo Holidays NZ Ltd. based in New Zealand marking our direct presence

in these geographies

Foray in Visa Processing business through acquisition of Quoprro Global Services Pvt. Ltd.

Approval from GoI, MEA, the High Commission of India at Singapore for their visa

processing services under a newly formed subsidiary Quoprro Global Services Pte Ltd.

Formed Joint Venture 'Royale Indian Rail Tours Limited' with IRCTC for luxury train-based

tourism in India

2009 Acquisition of East India Travel Company Inc., a U.S. based company for direct and better

presence therein Incorporation of our subsidiary in U.K. in the name of Quoprro Global Limited

Incorporation of a step- down overseas subsidiary in Hong Kong


- The Registrar of Companies has approved name change of the Company from "Cox and Kings (India) Ltd" to "Cox & Kings Ltd".


- Cox & Kings acquires Holidaybreak PLC for GBP 323.43 million

- Sub-division of equity shares from face value of Rs. 10/- per share to face value of Rs. 5/- per share.

-Cox & Kings has splits its face value from Rs 10/- to 5/-


- CVCI private equity investment in Cox & Kings Ltd's UK Subsidiary.


-Cox & Kings L - PGL, owned by Cox & Kings, expands its footprint as it opens its first

-Cox & Kings L - PGL, owned by Cox & Kings Ltd. adds second centre to its Australian operations- Camp Rumbug

-Cox & Kings L - PGL, owned by Cox & Kings Ltd. adds second centre to its Australian operations- Camp Rumbug


- Cox and Kings Grab Your Dream' receives PATA Gold award

- Cox & Kings owned MEININGER Hotels to open in Budapest

- Cox & Kings acquires LateRooms


- "Cox & Kings Bags Three Awards at the Prestigious World Travel Awards in Vietnam".

- "Cox & Kings Ltd Introduces money transfer solutions in partnership with UAE Exchange India".

-"Cox & Kings chosen ‘Best Tour Operator’ at Travel + Leisure - India’s Best Awards 2016".

Date Sources:Live BSE and NSE Quotes Service: TickerPlant | Corporate Data, F&O Data & Historical price volume data: Dion Global Solutions Ltd.
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