Titan Industries, lifestyle and jewellery arm of the Tata Group in a bid to increase its global presence is looking to enter Indonesia in six months. The company will enter the market through a distribution tie-up. The company’s plan is to expand to one new country every year. Last year the company forayed into South Africa.
Recently, the company was planning to open two-three new Goldplus stores this year which will take the overall number to 31/32 this year. The company was likely to invest around Rs 200 crore for expansion next fiscal. The company was aiming of closing this fiscal with a top line of about Rs 9,000 crore of revenue.
Titan is India’s largest manufacturer of quartz watches and has a 60% market share in the Indian market. It is world’s sixth largest manufacturer of branded watches. It has a manufacturing and assembly unit at Hosur in Tamil Nadu.
| Company Name | CMP |
|---|---|
| Titan Co | 4408.35 |
| Kalyan Jewell.India | 405.15 |
| Rajesh Exports | 126.80 |
| Senco Gold | 317.30 |
| Thangamayil Jeweller | 3800.90 |
| View more.. | |
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