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Titan Company Limited is an Indian company that mainly manufactures fashion accessories such as jewellery, watches and eyewear.Part of the Tata Group and started as a joint venture with TIDCO, the company has its corporate headquarters in Electronic City, Bangalore, [5] and registered office in Hosur, Tamil Nadu.
[13] [5] Afterwards, the company passed through different hands, [13] [2] such as Benedom SA and LVMH. [14] In 2007, Favre-Leuba returned to the watch industry with the launch of three new models: The Mercury Collection. [14] On 16 November 2011, Titan Company, the watch manufacturing company of the Tata Group, acquired the brand Favre-Leuba. [15]
He had suggested the idea of a watchmaking company to Tata in the 1970s, who liked it, but bureaucratic hassles took time till the company was opened in 1986 in Hosur. [5] [6] [7] In 1994, Desai challenged engineers at Titan to design the world's thinnest watch, with a movement 1.15mm thick inside a 3.5mm case. [8]
Fastrack is an Indian fashion accessory brand, launched in 1998 as a sub-brand of Titan Watches. In 2005, Fastrack was spun off as an independent brand targeting the urban youth and growing fashion industry in India. [1] Fastrack began opening retail stores throughout the country. The first store was opened in early 2009. [2] [3]
The main reasons were that the company was making losses for more than a decade. During 2012–13, the company had losses of ₹242 crore on revenues of only ₹11 crore. In contrast, competitor Titan's watch business reported sales of ₹1,675 crore during the same year. The government also tried restructuring it in 1999 to improve its ...
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