Titan Company Ltd.

Titan Company and Montblanc by mutual agreement have ended their joint venture partnership in India. The decision enables Montblanc to become a wholly owned subsidiary in the country. During the five-year partnership which began in 2015, Montblanc opened 12 boutiques in major cities across the country and established a fast-growing e-commerce business through the luxury online portal TataCliq.

Titan’s decision to exit the joint venture agreement was driven by the company’s consolidation strategy to focus on their primary business and proprietary brands.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.