Titan Industries Ltd - Company Capsule by ICDResearch

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									Titan Industries Ltd

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Titan Industries Ltd - Company Capsule
Reference Code: BR1377CC
Published Date: April 2011




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Titan Industries Ltd - Company Capsule                                              Page 1
Titan Industries Ltd

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Titan Industries Ltd - Company Overview

Titan Industries Limited (Titan) is a joint venture of the Tata Group and the Tamil Nadu Industrial Development
Corporation. The company is principally engaged in manufacturing watches using quartz technology. The company's
three reportable segments include Watches, Jewelery, and others. The product portfolio of the company includes
watches, jewelery, GoldPlus, eye wear, and precision engineering. Titan's watches are offered under various brands,
namely, Titan, Fastrack, Sonata, and Xylys. Annually, the company manufactures around 11 million watches. The
company operates 487 retail stores. The company is headquartered in Hosur, TamilNadu, India.


Financial Performance

The company reported revenue of INR 46898.89 million during the fiscal year ended 2009. The company's revenue grew
at a CAGR of 25.03% during the period 2007-2009 with a year on year growth of 22.2% over fiscal year 2008. During the
fiscal year 2009 its operating margin was 6.88% as against the operating margin of 6.2% in fiscal year 2008. During the
fiscal year 2009 the company registered a net margin of 5.42% as against the net margin of 4.56% in the fiscal year 2008.




Titan Industries Ltd - Key Facts

Titan Industries Ltd, Key Facts

                                  3 SIPCOT Industrial Complex,
                                                                    Ticker Symbol, Stock           500114 (Bombay Stock
Corporate Address:                Hosur, , 635 126, India                                          Exchange)
                                                                    Exchange



Telephone                          + 91 4344 654199                 No. of Employees               4,353



Fax                                + 91 4344 276037                 Financial Year End             March



URL                               www.titanworld.com                Revenue (in INR Million)       46,898.89



Industry                          General Business                  Revenue (in USD Million)       960.06



Locations                         India, Singapore, United Kingdom, United Arab Emirates, United States

Source: Annual Report, Company Website, Primary and Secondary Research




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Titan Industries Ltd - Company Capsule                                                                                    Page 2
Titan Industries Ltd

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Titan Industries Ltd - Major Products and Services

Titan Industries Limited (Titan) is a watch manufacturing company. The company's key products and services include the
following:

Titan Industries Ltd, Major Products and Services
Products:

Watches

Jewelery

Eyewear

Services:

'World of Titan' show rooms

Tool Room facility

Jewelery stores

Optical Outlets

Machine Building & Automation Solutions

Brands:

Titan

Sonata

Fastrack

Eye+

xy/ys

Tanishq

Goldplus
Source: Annual Report, Company Website, Primary and Secondary Research




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Titan Industries Ltd - Company Capsule                                                                         Page 3
Titan Industries Ltd

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Titan Industries Ltd - Key Competitors

The following companies are the major competitors of Titan Industries Ltd:

KDDL Ltd

Citizen Watches (India) Pvt. Ltd.

HMT (International) Limited

TAG Heuer SA

Timex Group India Ltd.




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Titan Industries Ltd - Company Capsule                                              Page 4
Titan Industries Ltd

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Titan Industries Ltd - Key Employees


Titan Industries Ltd, Key Employees


           Name                        Job Title                      Board Level     Since   Age


A R Rajaram            Head Legal, Secretary                    Senior Management


                       Vice President, Global Business Head,
Ajoy Chawla                                                  Senior Management
                       Titan and Retail


Bhaskar Bhat           Managing Director                        Senior Management


C G Krishnadas Nair    Director                                 Non Executive Board   2002    66


                       Chief Operating Officer - Jewellery
C K Venkataraman                                                Senior Management     2005
                       Division

                       Vice President - Sonata, Institutional
C Srinivasan                                                    Senior Management     2010
                       Sales & Customer Service
                       Chief Manufacturing Officer Watches,
                       Vice President - Integrated Supply
H G Raghunath                                                   Senior Management
                       Chain & Manufacturing Time Products
                       Division
                       Chief Operating Officer - Time Products
Harish Bhat                                                    Senior Management
                       Division


Hema Ravichandar       Director                                 Non Executive Board   2009    49


Ishaat Hussain         Director                                 Non Executive Board   1989    63


                       Chief Operating Officer - Precision
Kailasanathan N                                                 Senior Management
                       Engineering Division


L R Natarajan          Chief Manufacturing Officer Jewellery    Senior Management


N N Tata               Director                                 Non Executive Board   2003    53


Nihal Kaviratne        Director                                 Non Executive Board   2006    66


R Poornalingam         Director                                 Non Executive Board   2009    64


Rajeev Ranjan          Chairman                                 Executive Board       2010    49


Ramesh C S             IT Head                                  Senior Management


                       Vice President, Business Head,
Ronnie Talati                                                   Senior Management
                       Fastrack & New Brands
                       Chief Human Resources Officer, Vice
S Ramadoss             President - Human Resources and          Senior Management
                       Administration.
                       Senior Vice President - Corporate
S Ravi Kant            Communications, Chief Operating          Senior Management
                       Officer - Eyewear Division
                       Vice President - Retail and Marketing,
Sandeep Kulhalli                                                Senior Management
                       Tanishq


								
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