Titan Company Limited is an Indian consumer goods company. It has over 15 lifestyle and aspirational brands in the business of jewelry, watches, eyewear, and fragrances. Titan is the fifth largest watchmaker globally and has a presence in 31 countries in Asia, Africa, Asia Pacific.
The company has 1,480 exclusive stores in 276 cities. It appeared 4 times in Forbes Asia Fab Fifty companies.
The jewelry business includes 4 brands Tanishq, the flagship brand, Zoya, the bridge to Luxury brand, Mia, a sub-brand of Tanishq for work wear jewelry for young women and Caratlane, online commerce and m-commerce partnership with Tanishq. It has 4 manufacturing facilities. The jewelry business is expected to grow to US$ 5.74bn.
The Indian middle class, amongst the largest in the world, is increasingly getting more affluent and the youth is progressively getting more aspirational – this is giving a boost to consumerism with spending on lifestyle products set to grow exponentially. The total consumption expenditure is expected to reach US$ 3,600Bn by 2020.
The Indian retail industry accounts for 10% of the GDP. Gems and jewelry sector contribute around 7% of the GDP.