TITAN
TITAN
INTRODUCTION. VISION & MISSION. COMPANY HISTORY. MARKETING STRATEGY. DISTRIBUTION. HUMAN RESOURCE MANAGEMENT. FINANCIAL STRATEGY.
CORE PRODUCTS
TANISHQ:JEWELLERY
TITAN: WATCHES
INTRODUCTION
Titan Industries was established in 1984 as a joint venture between the Tata Group and Tamil Nadu Industrial Development Corporation (TIDCO).
Founder of titan is XERXES DESAI. The CEO of titan is BHASKAR BHATT. The company set up its corporate office in Bengaluru (Karnataka) and its watch manufacturing facility in Hosur (Tamil Nadu).
Titan is the largest watch company in India and the fifth largest in the world. The Titan portfolio has over 60% share in the domestic market.
The company has manufactured more than a 100million watches till date; and has a customer base of over 80 million.
Titan is one of India's leading watch brands that brought about a paradigm shift in the Indian watch market , offering quartz technology with international styling.
MARKETING STRATEGY
Segmentation done on the bases of: Lifestyle. Socio-Economic Group. Personality. Introduced various Sub Brands. Brand Extension. Innovation.
Nebula
Youth(22-30yrs)
Children
Titan Steel
Raga Nebula Sonata
DISTRIBUTION
Specialty Shops of Titan.
Franchisee Showrooms. Multi Brand Time Zone Outlets.
HUMAN RESOURCE
NO. of employees-4934. Focus to develop technical skills. Focus to develop managerial skills. Training & Development. Cross Training. Gives Compensation.
FINANCIAL STRATEGY
Titan International (TWI) had year-over-year sales growth of 57.5% during the last quarter. The company has reported $795.4 million in sales over the past 12 months. The company is expected to report $1 billion in sales in the next fiscal year.
COMPANY OVERVIEW
Type Joint Venture Industry Watches Tata Group companies owning 25 percent of the Founded 1987 shares. Headquarters Bengaluru,India Area served 4 continent and 40 countries. India and Public holding in othercompanylike around 28 per the countries is Middle east, Asia Pacific and Africa. cent. Key people Xerxes Desai, Founder
The rest of the stake is held by foreign institutions, non-resident Indians, mutual funds and other institutions.
FINANCIAL STATEMENT
Currency in Millions of Indian Rupees As of:
TOTAL REVENUES Cost of Goods Sold GROSS PROFIT OPERATING EXPENSES OPERATING INCOME EBT NET INCOME Mar 2008 29,983.6 21,512.5 8,471.0 5,818.5 2,652.5 1,176.9 1,475.6 Mar 2009 38,326.4 28,054.0 10,272.4 7,765.2 2,507.2 868.0 1,639.2 Mar 2010 46,771.6 34,680.0 12,091.6 8,313.4 3,778.2 1,265.2 2,513.0
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