As soon as you take the name of the watch, the name of HMT automatically comes to your mind. But if the name of any watch comes after HMT, then it is Titan. Today it has become such a company that remains the choice of children to the elderly. Even in today’s smartwatch era, Titan is as popular as it used to be years ago. So let’s know how India’s most popular watch company Titan started in India, Titan Company Belongs To Which Country, Who is the owner of Titan company, Is Titan an Indian company?
Titan Company Belongs To Which Country?
Titan is an Indian company and its corporate headquarters are in Bangalore, India. While the registered headquarter is in Hosur, Tamil Nadu, India. This company was started in 1984 as Titan Watches Limited and in 1994, Titan entered the jewelry sector in association with Tanishq. Titan sometime later launched Titan EyePlus in the form of eyewear and Fastrack brand associated with the fashion brand. Titan company mainly manufactures watches, bags, jewelry, belts, purses, perfumes, etc., and Fastrack, Tanishq, Titan impulse, Sonata, Taneira, etc. are sub-brands of Titan.
Who is the owner of Titan company?
The name of the owner and founder of Titan company is Xerxes Desai. Titan Company was started by him on 26 July 1984 in the name of Titan Company Limited. N. Muruganandam is the Chairman of Titan Company and C.K. Venkataraman is the CEO. Currently, Titan Company is a major company operating under the Tata Group.
How did Titan Company start?
To start Titan, Tata Group formed a small company called Quester Investment. It was kept separate from the Tata Group. Quester Investment and Tamil Nadu Industrial Development Corporation together started a company named Titan and started making watches. After this, when the company started functioning properly, Quester Investment was bought by Tata Group and Titan Company came to Tata Group.
How does Titan start in India?
The talk dates back to the 1980s when HMT watches used to be very famous in India. HMT was a company under the Government of India. The full name of HMT was Hindustan Machine Tools Limited. This company was started in the year 1953. That is, after 5 years of independence.
How does Titan Grow its business?
At that time people knew only HMT. In such a situation, it was not so easy for Titan to make an identity. As much as you think. Titan not only attracted the attention of the customers by making good watches. Along with this, he adopted a new way of marketing to increase his sales.
Initially, Titan started Titan Watch Store at Safina Plaza, Bangalore. In this store, people used to see many watches of Titan at once. Because of this people started getting to know Titan and the sale of watches started increasing. Seeing the success of its first store, Titan opened its stores across the country.
History of Titan?
The HMT was quite popular in the case of watches but they were making machine-based analog watches for a long time. This was the period in India when most of the watches brought from abroad were smuggled and sold in India.
During this, Xerxes Desai, who worked in the central management cadre of the Tata Group, was searching for a new business for the company. Many ideas came to him but they did not stick to him much. That’s when he got the idea of manufacturing watches in India.
He was also interested in this idea because at that time only HMT company made watches in India. The rest of the foreign companies used to sell their watches and some watches were sold from abroad by smuggling into India. In such a situation, Xerxes Desai knew that if good watches are made in India, they will definitely sell.
Desai’s idea was good but at that time there was a problem in doing business with this idea. At that time, the policy of the government was that either the government could do watch manufacturing and watch business in India or companies doing business on a small scale could do it. Whereas the Tata Group was a very large business group.
Is Titan an Indian company?
Yes now Titan is an Indian company and its corporate headquarters are in Bangalore, India. While the registered headquarter is in Hosur, Tamil Nadu, India.
Is Titan owned by Tata?
Currently, Titan Company is a major company operating under the Tata Group.
Top 10 Best Expensive Titan Watches – Youtube:
In this article, you got to know how India’s most popular watch company Titan started in India, Titan Company Belongs To Which Country, Who is the owner of Titan company, Is Titan an Indian company? You have got the answer to all these questions in this article. Hope you liked this article. The information given in this article will also prove useful for you. You can comment below for your suggestions.