Titan Industries Limited : Organisational Changes in Titan Industries Limited
January 13, 2012 at 07:20 pm IST
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The following organisational changes are being made at
Titan.
Mr Harish Bhat, Chief Operating Officer (Watches) will be
taking a sabbatical from work for a period of 9 months
starting 1st April 2012 to pursue his passion for writing a
book on the Tata Group. Consequently, Mr. H G Raghunath,
currently the Chief Manufacturing Officer of the Watches
Division and who has been with the Watches Division for 25
years, will succeed Mr. Harish Bhat as Chief Operating
Officer for the Watches division.
Additionally, Mr. L. R. Natarajan, currently Chief
Manufacturing Officer of the Jewellery division who has
also been spearheading the innovation initiatives in the
Company, will lead the business development function of the
company as Chief Operating Officer. Both the
appointments are effective 1st April 2012.
S. Ravi Kant
Executive Vice President
(Corporate Communications)
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Titan Company Limited specializes in the design, manufacture and marketing of watches, jewellery, eyewear and fashion accessories. Net sales break down by product family as follows:
- jewellery items (88.5%): gold jewellery decorated with diamonds and precious stones, pure gold and platinum jewellery (Tanishq, Zoya, Mia, Carat Lane and Gold Plus brands);
- watches (7.3%): sold under own brands (Titan, Fastrack, Sonata, Favre Leuba, Xylys and Nebula), and under license brands (Tommy Hilfiger, Police, FCUK, Annie Klein, Kenneth Cole and Esprit);
- eyewear (1.7%): eyeglasses, sunglasses, frames, lenses and contact lenses (Titan Eye Plus, Titan, Fastrack and Glares brands).
The balance of net sales (2.5%) concerns the distribution activities of perfumes (Skinn by Titan brand), saris (Taneira Sarees brand) and fashion accessories, as well as the manufacture of precision engineering products and industrial machinery.
Products are marketed through a network of 1,909 exclusive stores located in India, over 7,000 multi-brand outlets and via the Internet.
At the end of March 2021, the group had 11 production sites in India.
India accounts for 99.5% of net sales.
TITAN COMPANY LIMITED 
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