Titan Company Ltd.

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.