-19.05 (-0.49%) Titan Industries has commenced commercial production in its new integrated state of art jewellery unit set up in the excise free zone in Pantnagar, Uttarakand, UP, on March 29, 2012. The new Pantnagar Unit has been commissioned at an approximate cost of Rs 15 crore for the manufacture of studded jewellery and is estimated to achieve a turnover of Rs 250 crore during the financial year 2012-13. This unit is expected to employ about 250 people over the next 2 years by training them to make world-class studded jewellery.
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 & assembly unit at Hosur in Tamil Nadu.