Titan Company
 | |
| Company type | Public |
|---|---|
| Industry | Lifestyle |
| Founded | 1984 |
| Headquarters | , India |
Area served | Global |
Key people | Bhaskar Bhat (Managing Director) |
| Products | Watches, Jewellery, precision engineering, Bags, Perfumes, belts, wallets and Eyewear |
| Revenue | ₹119 billion (US$1.4 billion) (2015)[2] |
| ₹8.00 billion (US$96 million) (2015)[2] | |
Number of employees | 7,560 (2015) [3] |
| Parent | Tata Group TIDCO |
| Website | www.titan.co.in |
Titan Company Limited (earlier known as Titan Industries Limited) is a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO) that 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 2013, Titan entered the fragrances segment with the brand SKINN[4] and, later that year, it ventured into the helmets category under its brand Fastrack[5]. Also, Titan announced recently (during the last quarter of 2016) about launching a series of affordable Smartwatches under it's brands like Sonata and Fastrack soon.[6]
Today, Titan Company is Tata Group’s largest consumer company.[7]
About the company
The Titan Watch Project began with the signing of a joint venture of Tata Industries with the Tamil Nadu Industrial Development Corporation (TIDCO) in June 1984. Titan Watches Ltd. commenced production in the year 1986 and hit the market in March 1987 with its brand ‘Titan’. In 1993, The name of the company was changed with effect from 21 September from Titan Watches, Ltd. to Titan Industries Ltd., in view of the fact that the company's products consisted of not only watches but also jewellery.[8] In 1996, Titan Industries Ltd. entered the jewellery segment with a brand launch ‘Tanishq'. A brief joint venture with the American brand, Timex, between 1992 and 1998, focusing on market mass. Fastrack[9] – the youth watch and accessories brand was launched in 2005. In the year 2011, Titan announced the acquisition of Swiss watch maker Favre Leuba [10]to enter in to the European market.
Board of Directors/Senior Management[11]:
| Position | Personnel |
|---|---|
| Managing Director | Bhaskar Bhat |
| Nominee | N N Tata |
| Independent Director | T K Balaji |
| Independent Director | Vinita Bali |
| Independent Director | Hema Ravichandar |
| Independent Director | Das Narayan Das |
| Independent Director | Ireena Vittal |
| Independent Director | Ashwani Puri |
| Director | Harish Bhat |
| Director | T K Arun |
| Company Secretary | A R Rajaram |
Subsidiaries
There are two subsidiary companies that Titan Company has:Titan Time Products Limited and Favre Leuba AG (FLAG)
Awards and Accolades
Titan Company is awarded in many national and international forums for various activities and categories.
Corporate Category
- Selected as Best Employer for "National Award for the Empowerment of Persons with Disabilities - 2014" by Government of India
- Titan ranked among the 100 most sustainable corporations in Asia in the Channel News Asia Sustainability Ranking 2014[12]
- "Champion of Champions" award at the 8th Loyalty Summit for the Encircle Loyalty Program 2014
- Top Indian Company award under the Gems and Jewellery Sector at the Dun & Bradstreet Corporate awards, 2014[13]
- "Hall of Fame" award at 12th Franchisee Awards 2014 by Franchisee India[14]
Watches Category
- Award at the CII 24th Kaizen national awards for assembly casing team
- "Good Design Award 2014" by design Council of Japan for Skeletal Edge
- "Best Product design of the year-Watches & Jewellery" award by Red Dot for Skeletal Edge for 2014
- Bronze medal at the Indian Effies Award for Fastrack
Jewellery Category
- "Most Admired retailer of the year" award in Jewellery Category by Images Retail Awards.
- Tanishq wins Global Awards for Excellence in Quality Management & Leadership by World Quality Congress.
- Tanishq is the first Indian Brand to enter the list of top 30 Best Retail Brands in Asia Pacific and stands at # 13 as per Interbrand.
Eyewear Category
- Award for Customer service excellence at Golden Globe Tigers Award.
- Gold & Silver Awards at TRRAIN(Trust for Retailers and Retail Associates of India) Retail Awards.
- Gold Award in the Outdoor Advertising Convention 2014.
Precision Engineering Category
- Precision Engineering, Hosur wins three State Safety Awards announced by Tamil Nadu Government for 2013.
References
- ^ "Company Profile". Tata Group.
- ^ a b "Titan Company Ltd, TITAN:NSI financials - FT.com". markets.ft.com. Retrieved 7 August 2014.
- ^ "Titan Company Ltd, TITAN:NSI profile - FT.com". markets.ft.com. Retrieved 7 August 2014.
- ^ Badrinath, Raghuvir (16 September 2013). "Titan launches 'Skinn' fragrance line". Business Standard India. Retrieved 9 March 2017.
- ^ PTI. "Titan launches helmets under Fastrack brand". The Hindu. Retrieved 9 March 2017.
- ^ "Titan soon coming up with affordable smartwatches". www.moneycontrol.com. Retrieved 9 March 2017.
- ^ indiainfoline.com. "Titan company | Stock to watch : Titan". Retrieved 7 March 2017.
- ^ "Titan eyes growth in jewellery". 9 May 2016. Retrieved 26 December 2016.
- ^ "A brand on the Fastrack". The Hindu Business Line. 12 March 2009. Retrieved 26 December 2016.
- ^ "Titan to acquire Swiss watch brand Favre Leuba for Rs 13.6 cr". www.businesstoday.in. Retrieved 9 March 2017.
- ^ "Company news, Company Analysis, Company Annoucement, Company Disclosure". The Hindu Business Line. Retrieved 9 March 2017.
- ^ Ranking, Channel NewsAsia Sustainability. "Channel NewsAsia Sustainability Ranking". sustainability-ranking.channelnewsasia.com. Retrieved 9 March 2017.
- ^ "Untitled Document". www.dnb.co.in. Retrieved 9 March 2017.
- ^ "Franchise India 2014, Franchise Exhibition, Franchise & Retail Show". www.expo.franchiseindia.com. Retrieved 9 March 2017.
