The Titan Company Ltd. was started in 1984 as a joint venture between the Tamil Nadu Industrial Development Corporation (TIDCO) and Tata Group. It has grown to become the world’s fifth-largest integrated watch manufacturer. The company’s corporate headquarters are in Bangalore, while the registered office is in Hosur, Tamil Nadu. For FY 2021-2022, the company’s total revenue was Rs 29,033 crore. It was up 33% from the revenue of Rs 21,830 crore in FY 2020-2021. On 5 August 2022, the company’s market capitalisation stood at Rs 215,980 crore.
The company is listed on the National Stock Exchange with the code TITAN. The Bombay Stock Exchange listing code is 500114.
In 1994, Titan Company Ltd. expanded into jewellery with the brand Tanishq. It also diversified into eyewear with Titan Eyeplus. In 2005, it launched Fastrack, a youth fashion accessories brand. Some other brands managed by the company include Sonata, Titan Raga, Octane, Helios, Caratlane, Zoya, and Mia, among others.
On 5 August 2022, Titan Company Ltd. reported year-on-year growth of 1200% or 13 times in its standalone profit after tax. For the quarter ended June 2022, the profit after tax was Rs 793 crore.
The company’s chairman is Mr S Krishnan, and the vice chairman is Mr N N Tata. The managing director is Mr C K Venkataraman. The other board members include Mr Pankaj Kumar Bansal, Mr Sandeep Singhal, Mr Bhaskar Bhat, Mr Pradyumna Vyas, Ms Sindhu Gangadharan, Mr Ashwani Puri, Ms Jayashree Muralidharan, and Dr Mohanasankar Sivapraksam, among others.
Titan Company Ltd.’s shareholding pattern on 30 June 2022 indicated a promoter stake of 52.9%, public stake of 18.92%, foreign institutional investor stake of 16.77%, domestic institutional investor stake of 11.42%, and mutual fund holdings of 5.35%. The Tamil Nadu Industrial Development Corporation Ltd. is the leading promoter with a 27.88% stake, followed by Tata Sons Pvt. Ltd. with a 20.84% stake.
On 5 August 2022, the company’s share price on BSE closed at Rs 2,432.55. Titan Company Ltd.’s share price on NSE closed at Rs 2,432.80. The 52-week high share price for Titan Company Ltd. was Rs 2,768, while the 52-week low was Rs 1,763.20.
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