Titan Company Limited (Tanishq)
As of 2022, India ranks first among the top exporters in cut & polished diamonds, and second in gold jewellery, silver jewellery, and lab-grown diamonds.
Titan Company Limited manufactures and retails jewellery and watches. It also produces perfume for both men and women. The company operates its jewellery division under the key brands such as Tanishq and Carat Lane.
- Titan Company Limited – key jewellery brands: Tanishq and Carat Lane
- Tanishq has 350+ stores in more than 200 Indian cities and six stores internationally.
- Around 510 total jewellery stores spread across 247 cities.
- Total standalone income was recorded at Rs. 8,308 crore (US$ 996.2 million) for the second quarter of FY24.
Titan Company Limited
| Year | Milestone |
|---|---|
| 2023 |
In November 2023, Tanishq opened its store Frisco as part of its global business expansion strategy and to cater to the growing needs of the Indian diaspora in the US. As announced in November 2023, Tanishq is planning to have 50 boutiques globally over the long term, said Mr. Kuruvilla Markose, the CEO of Titan Company which manages the brand business, as it opened a boutique Singapore in November. In July 2023, Tanishq has reduced its technology support cost by 30% by migrating its inventory management to Oracle Cloud Infrastructure. To meet the influx of customer demand, Tanishq developed an Endless Aisle service for its store managers to showcase the nationwide inventory of jewellery to customers. To attract more customers, tanishq has unveiled limited-edition Chola-dynasty-inspired collectible coins for the upcoming Akshaya Tritiya |
| 2022 |
In December 2022, Tanishq opened its first boutique store in New Jersey, USA, taking the international count to six stores Tanishq added 22 new stores in the third quarter of FY23 |
| 2021 |
In September 2021, Tanishq launched its festive jewellery collection ‘Utsaah’ In March 2021, Tanishq introduced a flexible payment option ‘Pay from home’ service to further strengthen its brand’s consumer-centric initiatives. |
| 2020 |
In November 2020, Titan announced the launch of its Tanishq store in Dubai as part of its strategy to expand outside India In September 2020, Tanishq announced its plans to open 30–35 new stores in India in FY21 |
| 2017 |
Titan consolidated its portfolio by migrating the ‘Goldplus’ network to Tanishq network |
| 2016 |
Tanishq acquired Carat Lane to offer jewellery and a distinctive shopping experience |
| 2011 |
Titan launched Mia, a fine, urban chic, affordable jewellery for working women |
| 2008-2009 |
Titan entered the US jewellery market by opening two Tanishq stores in Chicago and New Jersey |
| 1996 |
Titan’s brand ‘Tanishq’ was launched; Launched Goldplus - the standardized mass marketing of jewellery around 2006. |
| 1993 |
Titan entered the jewellery segment |
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