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New
Delhi: Carlson Wagonlit Travel, the corporate travel specialist, has taken
majority control of its India operations by buying 26 per cent more stake from
Indian JV partner, Cyrus Guzder-promoted AFL Pvt Limited, for an undisclosed amount.
With this Carlson''s
stake in the JV rises to 76. The company now plans to take the inorganic route
to ramp up India operations. Carlson
has no plans to change the management of the company. Hence Praveen Gandhi would
remain CEO of India operations, while Guzder would remain chairman of the board
for CWT India. Company
officials said the move will pave the way for integrating the India operations
with the company''s global network. Carlson Wagonlit Travel, with presence in 150
countries, is the world''s second largest travel management company.
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