New Delhi: Jewelry and watch retailer Titan Co. Ltd on Thursday introduced a management change, naming Ajoy Chawla as its next managing director. Chawla, who at the moment heads Titan’s jewelry division, will take over from C.Okay. Venkataraman, who is about to retire on 31 December 2025 upon reaching the Tata Group’s superannuation age. Chawla’s appointment is efficient from 1 January 2026.
Chawla’s ascension marks a strategic shift as he takes the reins after a interval of serious development within the jewelry phase, the place gross sales and earnings have greater than doubled beneath his management since October 2019. The choice additionally comes as Titan reported sturdy financials for FY25, with whole revenue up 22% to ₹57,819 crore. Within the March quarter, consolidated revenue grew 22% to Rs14,049 crore. Revenue for the interval grew 13% to ₹871 crore.
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A Titan veteran, Chawla joined the corporate in 1991 and has held key roles throughout the watches, equipment, and jewelry segments. Earlier than main the jewelry division, he served as chief technique officer and spearheaded the launch of the fragrances enterprise (SKINN) and the ethnic put on model, Taneira.
Whereas the formal course of for inducting Chawla onto the board and confirming his MD appointment is pending shareholder approval, the corporate stated the choice concerning his successor within the jewelry division might be introduced later.
“On behalf of your complete Titan workforce, I welcome Ajoy to guide Titan in its next section of innovation and development. Together with his sturdy buyer obsession, individuals orientation, partnering impulse and concentrate on creating worth, Ajoy is effectively certified to shepherd Titan in direction of even better glory and scale,” stated Venkataraman.
Based in 1987 as Titan Watches Ltd, Titan is a three way partnership between the Tata Group and the Tamil Nadu Industrial Improvement Corp. (TIDCO). Its portfolio contains jewelry (Tanishq), watches, eyewear, ethnic put on, and equipment.
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“Whereas FY25 was marked by a number of exterior occasions that had various impacts on the companies on the whole, Titan’s companies clocked one more yr of sturdy 22% income development ensuing within the firm crossing the spectacular milestone of ₹50,000 crore of revenues for the total yr,” Venkataraman stated.
“Our analogue watch enterprise continued its sturdy development trajectory by product innovation led premiumization while transferring in sync with the rising aspirations of the Indian client. The attention care enterprise has returned to the double-digit development trajectory in Q3 and This fall of FY25 and is poised for even higher development in FY26,” he stated.
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For the total yr, the jewelry division’s revenue rose 21% to ₹46,571 crore. Venkataraman added that each one enterprise segments at the moment are centered on increasing market share in FY26.
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