MAM
Thomas Cook India’s AlliedTPro & New World Travel brings joint venture Allied New World
Mumbai: Thomas Cook India announced its North American subsidiary, AlliedTPro, has entered into a strategic joint venture with New World Travel to provide key shared services to both companies and fuel growth opportunities.
The new JV company, Allied New World, headquartered in New York, has been set up to leverage the strengths of both companies to drive productivity and accelerate growth in the post-pandemic era.
Allied New World plans to be a centre of excellence that will provide key shared services to both companies and fuel enhanced growth opportunities by combining scale and leveraging technology to improve productivity and reduce the cost of operations.
The new venture will combine the strengths of both companies across key functions, including contracting, technology, IT, finance, human resources & data management. AlliedTPro (Horizon Travel Services) and New World Travel will remain separate legal operating entities, and both companies will continue to market under their respective brands.
Mark Morello will continue to lead AlliedTPro as CEO and will expand the same role in Allied New World. Peter Dorner will continue to lead New World Travel. Simultaneously, he will handle the newly formed joint venture as president and deputy CEO. The identified critical functions will be managed by the key staff from both organisations.
The joint venture builds on the powerful brand reputations of AlliedTPro and New World Travel, two of the oldest and most respected companies in the North American travel industry. Allied New World via Horizon Travel Services (dba AlliedTpro) and New World Travel will enjoy the backing of financially strong global leaders—Thomas Cook India Group/Fairfax Financial of Canada and DER Touristik Group.
Speaking about the association, AlliedTPro CEO Mark Morello said, “I am delighted to announce the formation of Allied New World—representing our strong partnership with New World Travel/DER Touristik Group. We believe Allied New World LLC represents an innovative business model that will significantly help accelerate future growth. Our decision to collaborate, as equally strong and highly reputed industry leaders, will improve productivity, reduce cost of operations, and help both groups deliver enhanced value to customers, supplier partners, and shareholders.”
Adding to it, New World Travel CEO Peter Dorner commented, “As a customer-centric and innovation-driven company, we are excited about the new joint venture with our strong partner, AlliedTPro/Horizon Travel Services LLC. Allied New World will allow us to share and enhance key services for both companies—profiting from smart processes, advanced technology, and synergies. We strongly believe that our new cooperation will strengthen our future growth – to the benefit of employees, partners, and customers.”
MUMBAI: In India’s fast-moving payments race, Visa has just swiped in a new leader. The company has named Suresh Sethi as its India country head, marking a key leadership shift as it sharpens its focus on digital payments growth in the market. Sethi steps into the role following his recent exit from Protean eGov Technologies, where he served as chief executive officer. He succeeds Sandeep Ghosh, who has moved on after more than four years at Visa to pursue an external opportunity.
The appointment comes at a time when Visa is doubling down on its expansion strategy across India and the wider region, deepening partnerships and accelerating adoption in an increasingly competitive digital payments ecosystem.
Sethi brings with him a broad, cross-market perspective shaped by decades of experience across corporate banking, retail financial services, mobile money and large-scale government technology initiatives. He began his career at Citigroup, where he spent 14 years working across India, Africa, South America and the United States, focusing on transaction banking services within the corporate bank.
His appointment signals a blend of institutional experience and market familiarity qualities that could prove critical as Visa navigates a landscape where fintech innovation, regulatory evolution and consumer adoption are all accelerating at once.
As digital payments in India continue to scale rapidly, the leadership change underscores a simple reality, in a market where every tap, scan and swipe counts, who leads the charge can matter just as much as the technology itself.
