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23 Apr 2022
23 Apr 2022
Titan company marks its importance in being at the fifth position in the world in terms of being the leading producer of watches. It works with the manufacturing of watches, jewelry and eyewear.
It brings watches under the brand name Titan Fastrack Sonata Nebula RAGA Regalia Octane & Xylys. It extends its hands and exports watches to around 32 countries in the world. It also comes with Tanishq brand name for manufacturing jewelry. It came up in the year 1984, and started its business in the year 1986. It also set up their integrated watch manufacturing facility.
It set up an integrated watch manufacturing facility at Hosur in Tamil Nadu in the yeket. It started the manufacturing of watches for several prestigious international brands during the year 1997. In the year 1998, it launched the second watch brand Sonata. It leveraged their manufacturing competencies and branched into Precision Engineering Products and Machine Building.
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Xerxes Sapur Desai is the founder of Titan Co. Ltd, whose efforts have uplifted the company to the height of success, and made it a renowned brand. Titan extended its approach in the international market and launched the brand across European countries. Mr. Desai took the initiative to escalate his business and brought jewelry business as well.
He lived in Bangluru and later moved from Mumbai to set up the company. He got the fruit of his efforts, and it became the first private watch company in India. A combination of good design, branding, and marketing strategy got aligned with the efforts of Mr. Desai, which made it to be the top watchmaker in India.
The company marks its attribute in being associated with around 11 brands, such as Sonata, Fastrack, Zoop, and many more. It has around 65% share in the market of the watch industry and also has the license to sell watches of popular brands like Tommy Hilfiger, Police, Lee Cooper, Kenneth Cole, and others.
Any company creates a marketing strategy to maintain its grip on the grounds of the market, which helps to escalate the business. A good marketing strategy also attracts the interest of more customers with it. It is associated with a quality marketing strategy, gets aligned with optimism, and brings prosperity in hundredfold. The customers can avail many benefits with the use of the watch.
It always takes its efforts in designing new watches with creativity. It has its kids-targeted brand name Zoop which gets aligned with Marvel and Doraemon to produce kids-oriented themed watches. Marketing or advertising campaign is an initiative to draw the attention of people toward its products or service. These campaigns are known as promotional activities or campaigns.
It is a well-known brand and offers quality services to the people. It brings innovative services for the customers, which is a core part of the business, and also helps to escalate the business. The watch is attractive and impressive, which attracts the interest of customers towards it. These tie their hands with various other high brand products, which brings productivity in hundredfold.
To be world-class, innovative, progressive, organizations and to build the most desirable jewelry in India.
Tanishq shows its attribute in being the fastest growing jewelry brand of India, which signifies superior craftsmanship, exclusive designs, and superlative product quality. The term Tanishq was coined by Mr. Xerxes Desai by merging the concept of two words Tan meaning body and Nishk meaning a gold ornament. It helps in enhancing the beauty and shows a glimpse of wealth, and status. It is a form of art that brings creative expression and has stolen the heart of many customers with the purity of Gold.
Titan has built the roots of its jewelry business in the international market of Dubai in 2021. The business got a good response in the international market, and hence launched two more stores - one in Dubai and another in Abu Dhabi.
Tanishq is the well-known brand of its parent company, which has came up with creativity and full potential and took efforts to make the brand successful. Deepika Padukone has got the honor to become the brand ambassador of the Tanishq brand.
Fastrack works under the parent company Titan and targets the young generation of customers. It has built up its roots in 1998 and launched the trendy, stylish, and youth-friendly brand. It marks its attribute in bringing a lot of options in frames, as well as bags, wallets, watches, and sunglasses. Fastrack has built up a special place for itself with its efforts. It comes with variety of options in the market, and attracts the interest of the people towards it.
Fastrack contributes around 25% of the overall turnover in the business and 35 percent to its profits from the watches business. Titan is extending its hands in offering the customers with smart-watches, and other wearable devices and is working across various technology platforms. It has took initiative and brought smart audio accessories collection. Fastrack Reflex Tunes brings a variety of products, such as the head, behind the neck and wireless products
Titan Engineering and Automation Limited (TEAL), was formerly known as TITAN-Precision Engineering division (PED). It is a wholly-owned subsidiary of Titan Company Limited.
It marks its origin in being an in-house engineering team dedicated to high precision component manufacturing and designing, manufacturing automation machines.
The team has brought full-fledged machine building and automation and component manufacturing businesses, which helps in escalating the business and bring productivity in hundredfold.
Titan follows the proper marketing strategy to escalate its business. It has built up a highly reputed brand image and has over 300+ stores active that are placed in strategic locations in the entire country.
It contributes a great share of revenue, which is around 40% of the total revenue share of the parent company. It brings creativity with its efforts and reaches its goal, which attracts the interest of the audience towards it.
Its strategies are specific in that they mostly concentrate on regions and communities, and try the best of their efforts to match their needs and wants. They strongly maintain their loyalty status by returning particular gold jewelry and also by making an exchange offer depending on purity.
Fastrack works under the parent company and targets the young generation of customers. Titan Eye+ stores serve the customers with the services like eye check-ups and style consultancy, which traipse the interest of the customers towards it. The eyewear business contributes to 2% of the companies overall revenue.
It always takes its efforts in designing new watches with creativity. The watch business of the company contributes only 13% to the total revenue share. Jewelry plays a crucial role in the tradition, and carries spiritual meanings, especially during weddings. The jewelry enhances beauty and elegance of a person.
Tanishq is the well-known brand of its parent company, which has came up with creativity and full potential and took efforts to make the brand successful. Its jewelry business contributes around 82% of the total revenue share. The other business such as handbags, wallets, and perfumes together contributes 4% of their total revenue share.
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