Titan
Parent Company
Core Business
Design, manufacturing, wholesale and servicing of Titan watches.
Key Information
- Yearly Sales estimated USD 3,265,000,000 for 16,000,000 watches (Watch Around N°46)
- Price Range Tier 7 - Everyday Luxury
- Headquarters Mumbai, India
- Management Ravi Kant
- Employees 6,868 (Wikipedia)
Insight
- In 2018 India exported 91.2 million watches (Watch Around N°46).
- For Titan, it’s time for lower growth expectations (Balram, 2019).
History
- 1992 proprietary quartz movements
- 1986 registration of the Titan trademark
- 1984 joint venture Titan Industries in cooperation withh Tamil Nadu Industrial Development Corporation (TIDCO) and cooperation with France Ébauches
- 1960 Hindustan Machine Tools (HMT), state-owned and support from Citizen