Travel services provider Thomas Cook India Ltd (TCIL) said it could consider taking the acquisition route to drive growth, while focusing on deeper penetration in small cities and towns.

"We are open to consideration should a viable acquisition present itself," Thomas Cook India Managing Director Madhavan Menon said. He did not specify if the company was actively scouting for an acquisition at the moment.

In 2006, TCIL had acquired LKP Forex Ltd for a reported Rs 100 crore and Travel Corporation India (TCI) for Rs 182.45 crore. Menon, however, said the company's primary focus would be to grow through usual expansion.

"We are under-dimensioned in India and hence organic growth via geographical expansion is our route, yet untapped opportunity, that we would like to leverage," he said. At the same time, TCIL has also put in place a plan for an aggressive foray into Tier II and III towns.