Titan Company Limited is one of the winners of the Leaders Everywhere Challenge-for their story "rap-tap-tap-tap-join-titan-and-you-are-leader" authored by Mr. L. R. Natrajan, CEO New Business Division along with Mr. Sumant Sood, Head Innovation & Corporate Communications, in an International Innovation competition organised by MIX ( Management Innovation Exchange) in association with Harvard and McKinsey. The Leaders Everywhere Challenge is the second leg of this year's HBR/McKinsey M-Prize for Management Innovation hosted by the MIX (Management Innovation eXchange).
Titan Company Limited has earlier been declared, as one of the winners in the first leg for their story, "Democratise Innovation - For Sustained Innovation Culture"
Titan Company Limited has earlier been declared, as one of the winners in the first leg for their story, "Democratise Innovation - For Sustained Innovation Culture"The judges and the MIX editorial team sifted through a tremendous batch of contributions to create a truly impressive finalist pool of eighteen entries. They were looking for depth, boldness, humanity, and clarity in the finalists. They then pushed the finalists to roll up their sleeves and further develop their entries, to add detail, to sharpen their ability to inspire and instruct in equal measure, before selecting the winners.
The other competing big names are England National Health Service, Citrix, North Western University, GE Aviation and Menlo.
About MIX Prize
The Management Innovation eXchange (MIX) is an open innovation project aimed at reinventing management for the 21st century. The MIX is based on the premise that management is nothing less than the technology of human accomplishment and that, after 100 years of incremental tweaks, it now needs to be reinvented for a new age. Designed as an open innovation and collaborative platform, the MIX brings together the most progressive leaders and provocative management thinkers with in-the-trenches management innovators-indeed, anyone with ideas and approaches to making our organizations resilient, inventive and inspiring enough to thrive in the 21st century.
Current management practices emphasize control, discipline and efficiency above all else - and that's a problem. To thrive in the 21st century, organizations must be adaptable, innovative, inspiring and socially accountable. That will require a genuine revolution in management principles and practices.
The MIX helps to accelerate the pace of management innovation by energizing and organizing the conversation around the most critical challenges facing managers today - and by providing a practical platform where they can document, share and develop their leading-edge ideas and practices.
The MIX is designed for all those who are frustrated by the limits of our legacy management practices. It's for all the inspired thinkers and radical doers who believe we can - and must - find alternatives to the bureaucratic and disempowering management practices that still rule most organizations.
The MIX Prize culminates in the Management Innovator of the Year award, the grand HBR/McKinsey M-Prize, which is announced at the end of three legs.
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.
TITAN COMPANY LIMITED 
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