Titan Company Limited announced that Mr. Naveen Dadlani, has been appointed as the Head of Integrated Retail Services Group designated as Senior Management Personnel. The current incumbent Mr. Palani Kumar had superannuated but would continue in the same role till 31 March 2025 for smooth transition. Date of appointment is On or before 31 December 2024.
Mr. Naveen Dadlani holds a Bachelor of Engineering from Manipal Institute of Technology and he comes with more than two decades of experience across lifestyle retail and real estate consultancies in project management processes, planning and scheduling, cost management, design management, contract administration, and quality management. Across his career stint, he has been responsible for store expansion, including property acquisition, store design and development, non-merchandise procurement, and facility management. contract negotiation, as well as conducting site inspection and quality assessments.
Titan Company Limited specializes in the design, manufacture and marketing of watches, jewellery, eyewear and fashion accessories. Net sales break down by product family as follows:
- jewellery items (88.5%): gold jewellery decorated with diamonds and precious stones, pure gold and platinum jewellery (Tanishq, Zoya, Mia, Carat Lane and Gold Plus brands);
- watches (7.3%): sold under own brands (Titan, Fastrack, Sonata, Favre Leuba, Xylys and Nebula), and under license brands (Tommy Hilfiger, Police, FCUK, Annie Klein, Kenneth Cole and Esprit);
- eyewear (1.7%): eyeglasses, sunglasses, frames, lenses and contact lenses (Titan Eye Plus, Titan, Fastrack and Glares brands).
The balance of net sales (2.5%) concerns the distribution activities of perfumes (Skinn by Titan brand), saris (Taneira Sarees brand) and fashion accessories, as well as the manufacture of precision engineering products and industrial machinery.
Products are marketed through a network of 1,909 exclusive stores located in India, over 7,000 multi-brand outlets and via the Internet.
At the end of March 2021, the group had 11 production sites in India.
India accounts for 99.5% of net sales.
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