Thomas Cook (India), a leading travel services company has said that it has entered into an agreement to acquire 74 per cent stake in Ikya Human Capital Solutions.

Thomas Cook has agreed to pay Rs. 256 crore for majority stake in Ikya. The company entered into a 'investment pact' with Ikya, which is a human resources and staffing organisation, according to a filing with the Bombay Stock Exchange (BSE).

Thomas Cook (India) Managing Director Madhavan Menon 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."

Menon also said that Ikya will continue to operate as a standalone, independently managed firm that will be services by Thomas Cook (India). Ikya currently offers focused human resources services including search, recruitment and project based hiring for many leading corporate firms in the country. Ikya has a total of 500 corporate clients in the country.

Ikya Chief Executive Officer, Ajit Issac said that the strategic partnership with Thomas Cook and their baking of promoters at Fairfax Financial will allow the company to attain its vision of being a leading player in the human resources services across the emerging markets.