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Becomes the first Indian specialty retailer to open 1000 stores in seven varied formats
Bangalore, 16th December 2013: After changing its corporate identity from Titan Industries Limited to Titan Company Limited earlier this year, Titan Company today achieved a rare milestone in the history of Indian specialty retail by opening its 1000th store. With this, Titan Company arguably becomes the first Indian company with 1000 stores in seven varied formats under watches, jewellery and eyewear categories. Reflecting the future of modern retail and lifestyle industry, the 1000th store, a unique fusion of Watches and Eyewear was opened in Bangalore today.
With a retail footprint across 177 cities, 26 states, 3 Union Territories and a total retail area of 1395712, Titan Company has stores for Watches under World of Titan, Helios and Fastrack; Jewellery under retail brands Tanishq, Zoya, GoldPlus and Eye Plus for multibrand eyewear.
Speaking at the occasion, Mr. Bhaskar Bhat, Managing Director, Titan Company, said, “It has been a fascinating retail journey for Titan since 1988 when we opened our first World of Titan watch store at Safina Plaza in Bangalore. It was a bold step we took at a time when the consumer products and retail market was highly unorganized and underserved. While our manufacturing expertise produced world-class products we envisioned for our consumers an elevating experience when they bought our products. This is where we saw an opportunity to start retailing through our own stores and it worked very well for the company. With consumers and their buying habits at the core of Titan’s strategy, the name of the game has been delivery of a differentiated experience. And that is what Titan’s retail thrust is expected to do — make shopping of our brands enjoyable.”
He further added, “In a retail journey spanning a quarter of a century, Titan has in many ways changed the retail fabric of the country. For us, retail is beyond stores. Retail has become the face of the company to its consumers who are spread across length and breadth of the country. For us, retail is a commitment to deliver exceptional service and experience through human and technological intervention. While our staff form the core of our retail business through their impeccable service and values, it is through technology that we have changed the rules of the game in the past by introducing innovations like the laser engraving service at our watches store, Karatmeter at our jewellery stores and VMD (Visual Map Developer) at some of our eyewear stores. I am happy to dedicate this to 150 million customers who have embraced our products.”
About Titan Company Limited:
Titan Company Limited (earlier known as Titan Industries Limited), a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO) commenced operations in 1987 under the name Titan Watches Limited. In 1994, Titan diversified into Jewellery and more recently into Eyewear with Titan Eyeplus. In 2013, Titan entered the fragrances segment with SKINN. In the later part of the year, it ventured into the helmets category under its Fastrack brand.
Today, Titan Company is India’s leading producer and retailer of watches, jewellery and eyewear and is credited with changing the face of the industry. Titan Company Limited had an extremely good 2012-13 and came up with an outstanding performance in a challenging economic environment. Sales income for the year 2012-13 was Rs. 10,009.05 crores, registering a growth of 14.5% over last year. Titan pursued aggressive growth during 2012-13 in all its businesses. The Company invested in many strategic initiatives taking into account long term and sustainable growth. All these backed by the talent and commitment of employees and business associates have helped Titan Industries register this encouraging growth.
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Titan Eye+ launched at Hypercity on 8th June, 2011. The outlet in Bangalore has an area of 290 sq. ft.
Embassy Paragon, Ground Floor
Near Brooke Field & Kundalahalli Gate
Bangalore - 560 037
PH: 080 - 4208 7634
Titan One showroom was launched at Wadala, Mumbai on 6th June, 2011. The store was inaugurated by Mr. Natarajan - National Sales Manager Trade.
Tanishq large format store opens at Bund Garden, Pune on 2nd June, 2011. The store with a carpet area of 12,000 sft is spread over 4 floors, making it the largest jewellery store in Pune.
WOT was launched in Pune at InOrbit Mall on 2nd June, 2011. This is the 316th WOT on a National level, 76th for the region &
26th for UPCM.
The store was launched by Mr. Bhaskar Bhat, Managing Director - Titan Industries Limited.
World of Titan
Unit No. 47, InOrbit Mall
Pune - 411 014
The 315th World Of Titan was launched in Maninagar, Ahmedabad. The store was launched by Mr. Krishnan - Head Retail on 30th May 2011.
The 20th Titan Eye+ store was launched in HSR layout, Banglaore on 29th May 2011. The area of the outlet is 650 sq.ft
.This is the 20th Titan Eye+ store in Bangalore.
No. 2795, Sector 1
27th Main Road
HSR Layout, Bangalore - 560034
Titan ONE outlet, the first in Delhi opens at Krishna Nagar. The new retail format store which is exclusive for watches will be launched by Mr. Natarajan S, National Sales Manager - Trade on 26th May 2011.
Titan launches the first Titan ONE outlet in Jamnagar, Gujarat. The store will be inaugurated by Mr. Natarajan . S, National Sales Manager - Trade on 25th May 2011 at 11:30am.
Titan Eye+ opens its 13th Titan Eye+ store in Chennai at Valasaravakkam. The area of the outlet is 750 sq. ft.
Titan Eye+, Door No 166, Plot No 85, Brindavan Nagar, Arcot Road, Valasaravakkam, Chennai - 600 087 Tel: 044 - 45550018
Mumbai's largest jewellery destination was launched in Andheri today. The store was inaugurated by our Chairman, Mr. Sarangi,
Managing Director, Mr. Amitabh Bachchan - Film actor & Mr. Bhaskar Bhat, MD - Titan Industries Ltd.
The store with a carpet area of 20,500 sft is spread over two floors, making it the largest jewellery store in Mumbai.
1800 sq. ft. of Tanishq showroom was launched on 28th April 2011.
Address: City Plaza,Maharaja Gulab Singh Road,Near Dogra Chowk,Next to Hotel Fortune Rivera, Jammu
27th WOT store was inaugurated in Sahakar Nagar Bangalore. This is the 310th store in India and the 27th in Bangalore. The store was inaugurated on 4th April 2011, by Mr. Bhaskar Bhat - MD, Titan Industries Ltd.
Titan Eye+ announces the launch of its 18th store at Vyalikaval, Bangalore. The area of the outlet is 500 sq. ft. Address: No. 48, 2nd Main Road, Vyalikaval, Next to Nokia Shop, Sadashivnagar, Bangalore.
Tanishq opened a showrroom in Chromepet, Chennai on 24th March 2011. The showroom was inaugurated by C K Ventakaraman, COO - Jewellery Division,Titan Industries Limited.
World of Titan announces the launch of the largest watch store in the country. The store with an area of 5000 sq. ft was opened on 18th March, 2011. The showroom was inaugurated by Mr. Bhaskar Bhat, MD - Titan Industries Limited in the presence of Ms. Soha Ali Khan.
Titan Eye+ announces the launch of its new store at Jayanagar 9th Block, Bangalore. This is the 17th Titan Eye+ outlet in
Bangalore with an area of 700 sq.ft.
Address: No. 1139, 26th A Main, 9th Block (Opp Bangalore Central), Jaynagar, Bangalore - 560 069 Ph: 080 - 26540444 / 6
Titan Eye+ launches 3 new stores in Chennai on Feburary, 10th 2011.
Purasavalkam: Prince Towers Opp to Abirami Mega Mall Ph: 43307059.
Anna Nagar East: Dee Cee Towers Opp to Kun Hyundai Showroom, Near Chintamani Signal Ph: 26220593.
Chrompet: No 138, GST Road, Near Vetri Theatre Ph: 43852008.
Titan Eye+ announces the launch of a new store at Srinivas Nagar, Bangalore. This is the 16th Titan Eye+ outlet in
Bangalore with an area of 750 sq.ft.
No 4/1 , Old No. 119, Ward No. 53, Nagendra Block, 2nd C - Cross Road, Srinivas Nagar, Opp. New Sagar Fast Food, Bangalore - 560 050
Ph: 080 - 26421162 / 26421244
Tanishq has launched its new showroom in Bowbazar, Kolkata on 14th January 2011. This is the 4th showroom in Kolkata.
The Showroom was inaugurated by Mr Saumen Bhaumik and an Anuttara customer.
The 5th Titan One store was launched in Margao, Goa on 4th Jan 2011. The store was inaugurated by the honorable Chief Minister of Goa, Mr. Digamber Kamat.
The 11th Titan Eye+ store was launched in Bangalore, Gandhi Bazaar. The area of the outlet is 1400 sq.ft. Mr. Bhaskar Bhat - Managing Director, Titan Industries Ltd. inaugurated the store on 5th December, 2010.
World of Titan was launched in Pashim Vihar - Delhi on 22nd November, 2010. Mr. Atul Kumar, Factory Manager - Dehradun
inaugurated the store.
This is the 19th store in Delhi /NCR and first store in North under Project Odyssey.
Titan has launched four new Titan One showrooms across the country. These are spread across an area of 300 sq.ft - 600 sq ft. and have opened two showrooms in Gurgaon - Sadar Bazar & Pashupati - Ansal Mall and one each in Triplicane, Chennai and Trichy in the last week.
Through Titan One, Titan focuses to strengthen its presence in tier 2&3 markets and in big cities where there is need and demand for retail store but a medium or large format store may not fit in.This outlet is a pure watch store concept offering wide range of watches to choose from. Around 900 to 1250 watches would be displayed which will include the latest collections like Titan Tycoon, Raga Flora, Titan Octane, Sonata Superfibre, Fastrack Army etc.It has a well equipped service center to take care of all after sales service needs of the customers with well trained and technically qualified service staff.
Mr. Bhaskar Bhat and Mr. Ravi Kant announced Titan's foray into lens manufacturing at a press conference in Mumbai on 23rd
The press conference was attended by key media publications and electronic channels.
The lens manufacturing unit produces world class prescription lenses using the latest state of the art technology.These lenses are currently available across all 88 Titan Eye+ stores in the country. Along with the launch of the facility, Titan Eye+ also launched two truly innovative set of lenses, Titan Activ and Titan Signature.
Titan Activ is a range of progressive lenses which is designed for the eyewear requirements of today's active lifestyle. Titan Signature lenses take personalization to the next level with path breaking technology which adapts lens design to the individual's unique visual habits.Titan Activ and Signature lenses will be available in select stores from next month.
Wed 23 Jun 2010
Titan Industries has announced the launch of its new retail format, Titan One, in Chennai. Spread over an area of about 600 sq. ft., the first Titan One store houses all the three key watch brands of the company - Titan, Sonata and Fastrack. Through Titan One, the company focuses to strengthen its presence in tier-III markets and big cities where there is need and demand for retail stores but a medium or large format store may not fit in. Around 1,250 watches would be displayed in the store which will include the latest collections such as Titan Tycoon, Raga Flora, Titan Octane, Sonata Superfibre and Fastrack Army. And, the price ranges from Rs 275 to Rs 17,000. The store also has a watch care centre to take care of all after-sales service needs.
Tanishq Cathedral Road, the first large format Tanishq store of the country was relaunched today. The store was inaugurated in the presence of Mr. Sandeep Kulhalli, VP - Retail and Marketing.
Fastrack opens its 19th showroom in Coimbatore today.
Hubli Store was relaunched by Mr. C.K. Venkataraman - COO, Jewellery Division Titan Industries Ltd. on 11th March evening at 7 pm.The new store is located at Koppikar road with 2500 sq. ft.of retail space. Its spread across two levels ground and first; the store has a wide variety of traditional and contemporary designs of gold, diamond, color stones and platinum jewellery.
Fastrack has launched the 'Your hot neighbour just moved in' campaign. The big idea is to talk to the youth by creating excitement and curiosity around who their hot new neighbour is. With teasers all around the catchment area, the campaign builds a huge suspense to finally announce the launch of the Fastrack Store in the area.
Inauguration of an exclusive Fastrack store will happen at Commercial Street, Bangalore on 22nd Feburary, 2010 by Mr. Bhaskar Bhat, Managing Director - Titan Industries Limited.
Tanishq showroom was relaunched in Trichy on 30th January, 2010. The showroom was inaugurated by Mr. Bhaskar Bhat, MD - Titan Industries Limited.
The 284th World of Titan was inaugurated on Monday, 11th January, 2010 in Hyderabad in the presence of Mr. Shivaji - Cine actor, Mr. Gundu Hanumanth Rao - Cine actor & Mr. Ajoy Chawla - Business Head, Titan.
On 23rd December 2009, just days before the Christmas fever erupts, the Fastrack team inaugurated the two newest stores in the South region and the first two stores in Hyderabad - FT Begumpet and FT Himaythnagar.
Goldplus closes the Bhimavaram store in Andhra Pradesh on 15th December 2009.
Tanishq has launched its first Large Format Store, in North Usman Road, T Nagar, Chennai.
The store was launched on 2nd September, 2009 by the Principal Secretary to Tamil Nadu Government Industries Department Mr. Farooqui, in the presence of Mr. Bhaskar Bhat MD-Titan Industries Limited, Ms. Anitha Praveen Kumar, CMD-TIDCO, Mr. C.K. Venkatraman, COO-Jewellery Division, Titan Industries Limited, and Mr. Sandeep Kulhalli, Vice President-Sales & Marketing, Tanishq.
With a carpet area of 20,000 sq ft, the store showcases over 15000 designs in exquisite plain gold and studded jewellery. The store has exclusive floors for wedding and diamond jewellery in traditional and modern designs and endeavours to bring you an experience like never before.