NEW DELHI, Feb 7: Travel retail firm FCM Travel Solutions is looking to expand to five new cities and add around 250 employees by the end of the next fiscal as part of its expansion plans.
The company is into corporate travel services and retail and expects the latter to contribute almost equally to the overall business in India from the current 20 per cent going forward.
“We are aiming to add five more cities in India by the end of FY17 as part of our expansion plans. Currently, we are present in 13 cities,” FCM Travel Solutions Managing Director India Rakshit Desai told PTI.
The probable cities we are looking at are Coimbatore, Thiruvananthapuram, Indore, Jaipur and Lucknow, he added.
At present, the company has around 1,200 people at its various offices in the country and is planning to hire up to 250 employees in the next fiscal.
“As we open offices in the five cities we would add up to 250 employees during the next financial year,” Desai said.
The business of the company in India is mainly in two verticals — corporate travel services called FCM and retail business called flight shop.
“Right now the corporate travel business of the company is a much larger segment contributing around 80 per cent of the business for the company, while the retail business is smaller but going forward a 50:50 balance is something we are looking at,” Desai said.
Bullish on growth prospects in India as aviation market grows in the country and infrastructure improves, he said: “As air capacity increases we are growing our distribution network to have access to more customers.”
The company is also in process of launching its new logo as part of re-branding exercises in global markets, including in India.
The company has its presence in thirteen cities across the country such as Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bengaluru, Pune, Chandigarh, Ahmedabad and Vadodara. (PTI)
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