|Bhaskar Bhat (MD)|
|Products||Watches, jewellery, precision engineering, Bags, Perfumes, belts, wallets and Eyewear|
|Revenue||₹119 billion (US$1.8 billion) (2015)|
|₹8.00 billion (US$120 million) (2015)|
Number of employees
|7,560 (2015) |
|Slogan||What's your style!|
Titan Company Ltd. (formerly Titan Industries Ltd. and Titan Watches Ltd.) is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags, belts, fragrances and helmets. It is a joint venture between the Tata Group, and the Tamil Nadu Industrial Development Corporation. Titan is the world's fifth largest wrist watch manufacturer and exports watches to nearly 32 countries around the world. Some of the well known brands of Titan include Fastrack , Sonata, Raga, Edge, Octane, Xylys, Nebula, Zoop, Titan Eyeplus, Tanishq, Goldplus, Zoya and Skinn.
Titan was established in the year 1984, becoming the third Indian watch manufacturer after HMT and Allwyn. Titan formed a joint venture with Timex Group, which lasted until 1998, to set up a distribution network across India. Titan is the 5th largest Watch Manufacturer Company in World. Bhaskar Bhat is the MD of the company since 2002.
Titan Industries Ltd. has now become Titan Company Ltd., it is owned and managed by TATA and TIDCO. The company is divided into four divisions - Watches & Accessories, Jewellery, Eyewear and Precision Engineering. The largest manufacturing unit of Titan is located at Hosur, Tamil Nadu.
Titan watches account for more than 60% share of the total Indian market and are also sold in about 32 countries through marketing subsidiaries based in London, Aden, Dubai and Singapore. Titan offers various brands including Steel, Regalia, Raga, Nebula, Sonata, Fastrack, Zoop, Orion, Purple, Obaku, Automatic, Tycoon, Bandhan,Police, Octane and the HTSE series. Titan has claimed to have manufactured the world's slimmest wrist watch branded as Titan Edge with a total thickness of 3.5 mm and a movement of 1.15 mm.
In July 2011, Titan launched the HTSE (High Technology Self Energizer) collection of watches which run on light. According to Titan, these watches can be charged with as low as 200 lux of light, which makes them chargeable with light even from a candle. On 16 November 2011, Titan Industries acquired Swiss watch maker Favre-Leuba for Euro 2 million.
Precision Engineering Division of Titan was started in 2002 to manufacture parts for automotive and aerospace Industries. The product range includes pointers, dashboard clusters like fuel gauge, temperature gauge, gear shift indicators, clocks, injection molded plastic parts, electromechanical assemblies for automobiles and press tool, molds, jigs, fixtures for other industries.
Titan manufactures jewellery and sells it through three types of stores based on the segment of the society they target at - Tanishq, Zoya and Goldplus. The name Tanishq has been derived from "Ta" (the first two letters of Tata) and "Nishk or Nishkh" (meaning gold coin or necklace in Sanskrit). Tanishq is one of India's largest brands in India. Zoya.
In September 2013, Titan unveiled the everyday French Luxury Perfume line, Skinn. They have three masculine and three feminine fragrances.
In March 2007, Titan entered the prescription eyewear segment under the brand name Titan Eye+. Titan has set up its own lens manufacturing lab at Chikkaballapur, Bangalore.
After 25 years, Titan Industries Ltd. changed its name to Titan Company Ltd. in August 2013 to more closely reflect the range of lifestyle products the company sells and plans to sell. It also unveiled a new logo at this time. Titan company limited
Awards and recognition
- According to the Brand Trust Report 2012 published by Trust Research Advisory, a brand analytics company, Titan Company Ltd. was positioned 12th among India's most trusted brands. Subsequently, in Brand Trust Report 2013 and also in the Brand Trust Report 2014, Titan Company Ltd. was rated 21st among India's most trusted brands.
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