Titan Company Limited: One of the Largest Watch Manufacturer in the World
Titan Company Limited is the fifth largest integrated own brand watch manufacturer in the world. Their business includes watches, eye wear, jewellery and others. It was established as a joint venture between the Tata Group and Tamil Nadu Industrial Corporation( TIDCO ) in 1984.
Titan Comany Ltd is India’s largest and best known retail manufacturing company of personal accessories. It is India’s largest watch maker that offering quartz technology with international styling. They produce watches under the brand name of Titan, Fastrack, Sonata, Nebula, RAGA, Regalia, Octane & Xylys.
Then they diversified into jewellery under the brand of Tanishq in 1995. In 2005 they introduced their next jewllery brand Gold Plus. After that the company launched the Fastrack eye wears and sunglasses. They initiated a precise engineering in 2005 that caters to the global industry segments like aerospace, automotive, oil and gas, engineering, hydraulics, solar and medical instruments.
The total reserve of Titan Company Ltd increases to 22.56%, in 2016 it was Rs. 3,445.91 crore it rises to Rs. 4,223.23 crores in 2017. The jewellery division recorded an income growth of 54% in the first quarter to Rs 3,308 crore as against Rs 2,151 crore. Titan has expanded its brands in sarees, is reinventing watches to reach out to more customers. The market capital of the company is Rs. 53,919.69 crores.