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, Who is Titan Owner, and Titan Net Worth 2022?
Contents
Who is Titan Owner Now?
The name of the founder of Titan company is Xerxes Desai. Titan Company was started by him on 26 July 1984 in the name of Titan Company Limited. Currently, Titan Company is owned by Tata Group.
Titan 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 CEO Of Titan Company?
Currently, the CEO Of Titan Company is Bhaskar Bhat.
Titan Net Worth 2022?
Titan’s Brand net worth as of November 17, 2022, is $0.92B.
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.
History Of Titan Company?
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 the 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 with 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.
FAQs…
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.
Titan Brand Success Story – YouTube?
Final Words:
In this article, you got to know how India’s most popular watch company Titan started in India, Who is Titan Owner and Titan CEO in 2022? 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 with your suggestions.
