Titan Company

Overview

Titan Company Limited

type	Public
traded as	bse: 500114 nse: TITAN BSE SENSEX constituent NSE NIFTY 50 constituent
isin	isin: INE280A01028
founder	Xerxes Desai‡R1R‡
area served	Worldwide
key people	Sandhya Venugopal Sharma (Chairman ) Ajoy Chawla (MD) Ashok Sonthalia (CFO)‡R2R‡
industry	Lifestyle
products	Watches, Jewellery, Bags, Perfumes, Belts, Wallets and Eyewear
revenue	inr 609420000000
revenue year	FY2025
operating income	inr 45340000000
income year	FY2025
net income	inr 33370000000 (FY2025)
assets	inr 406470000000 (FY2025)
equity	inr 116240000000
equity year	FY2025
num employees	8,680 (2024)
owners	TIDCO (27.88%) Tata Sons (25.02%)‡R3R‡
subsid	Titan Engineering and Automation Limited
num locations	2,000+ retail stores
foundation	1984
location city	Bangalore, Karnataka
location country	India
homepage	titancompany.in
footnotes	Financials as of 31 March 2025.‡R4R‡
parent	Tata Group

Titan Company Limited is an Indian fashion accessories company that mainly manufactures items such as jewellery, watches and eyewear. Part of the Tata Group and started as a joint venture with TIDCO, the company has its corporate headquarters in Electronic City, Bangalore,[5] and registered office in Hosur, Tamil Nadu.[6]

Titan Company commenced operations in 1984 under the name Titan Watches Limited. In 1994, Titan diversified into jewellery with Tanishq and subsequently into eyewear with Titan Eyeplus. In 2005, it launched its youth fashion accessories brand Fastrack.[7] Titan is the largest branded jewellery maker in India by value, with a 6% market share as of 2022.[8][9]

History

1984–1990

Titan Company Limited was inaugurated on 26 July 1984 under the name Titan Watches Limited in Chennai.[11] A plant was set up to manufacture quartz analogue electronic watches in the State Industries Promotion Corporation of Tamil Nadu industrial area at Hosur. In November 1986, Titan Company and Casio signed a MoU to manufacture 2 million digital and analog-digital watches.[12]

1991–2010

In 1992, Timex entered the Indian market by establishing a joint venture with Titan Watches. Under the agreement, Timex manufactured lower-priced watches, which were marketed and sold in Titan stores alongside Titan's higher-end watches.[13]

In September 1993, Titan Watches changed its name to Titan Industries as it ventured into products other than watches.[14][15] In 1994, Titan launched its jewellery brand Tanishq.[16]

In 1997, Titan and Timex terminated their partnership.[13] In a bid to compete with Timex, Titan soon after launched a range of economy watches under Sonata,[17] and a watch and accessories sub-brand, Fastrack, which was targeted at younger customers.[18]

In 2004, Titan signed an agreement with the Murjani Group to market and distribute the latter's Tommy Hilfiger watches in India.[19] 2004, Titan partnered with LVMH to service the latter's watches in India through its service centres.[20]

In 2005, Fastrack was positioned as an independent accessory brand targeting the urban youth. To become a fashion brand, Fastrack launched sunglasses in the same year and launched bags, belts and wallets in 2009.[21] In 2007, Titan established its prescription eyewear store chain called Titan Eyeplus.[22] Titan launched a multi-brand luxury watch store format called Helios in 2009.[23]

2011–present

Titan acquired Swiss watchmaker Favre-Leuba in 2011 for €2 million to enter the European market.[24] In 2013, Titan entered the fragrances segment with the brand Skinn[25] and helmets category under the Fastrack brand.[26] In the same year, it changed its name to Titan Company Ltd.[27] In 2014, it entered into a joint venture with Montblanc to establish its retail stores in India.[28]

In 2016, Titan entered the wearable devices market by introducing its smartwatch, Juxt, made through a collaboration with Hewlett-Packard

Titan Company

History

1984–1990

1991–2010

2011–present

Subsidiaries and affiliate companies

Brands

External links

References