Titan Company Share Price

Titan Company Ltd. is a quite well-established company in the country. It is owned by the Tata Group and Tamil Nadu Industrial Development Corporation and is headquartered in Bengaluru. The company has a reputation for being the world's 5th largest integrated own brand watch manufacturer worldwide.

Several lifestyle brands are a part of Titan, and the brand has ventured into several product categories apart from watches. It is the largest branded jewellery maker in India. Some prominent brands under the umbrella of Titan include Fastrack, Sonata, Titan Raga, Tanishq, Mia, Zoya, CaratLane, Titan EyePlus, etc. All of these brands have dedicated outlets in different cities across the country.

The company came into existence in 1984 when the Tata Group and the Tamil Nadu Industrial Development Corporation formed a joint venture named 'Titan Watches Limited'. Xerxes Desai became the first-ever managing director of the company, and he also played an instrumental role in building a strong foundation for the company.

Titan got into the jewellery business with its brand Tanishq in 1994. Post that, the company entered the eyewear industry with Titan EyePlus. When the company came into existence, it had started producing quartz analogue electronic watches in Hosur, Tamil Nadu. In 1986, Titan agreed with Casio to produce 2 million digital and analogue-digital watches.

By the early 2000s, Titan was not just limited to watches. It had changed its name to Titan Industries Ltd. In 1993 as it had several diversification plans in place. In 1998, Titan launched Fastrack, a brand targeted toward the country's youth. Fastrack manufactured several accessories, including bags, watches, sunglasses, wallets, etc.

Shareholding Pattern

The shareholding pattern of Titan Company Ltd. Is quite simple to understand. The promoters hold about 52.9% shares of the company. Several foreign institutions have an 18.4% of the shares, and the mutual funds are given a holding of 4.56%. The central government holds 0.16% of the shares, and the general public holds 15.59% of the shares. Financial institutions hold 5.65% of the shares, and the remaining 2.74% of holdings are categorized as others.

Corporate Social Responsibility Information

Titan Company Ltd. Has taken up several corporate social responsibility initiatives under the lead of Mr Venkataraman. Some of the initiatives taken by the company are listed below:

Titan Scholarships

These scholarships are given out to the students based on their needs and merit. This program was directly managed by the Titan School and the Titan Foundation for Education. Several scholarships were awarded to students from different districts of Tamil Nadu. The program is also being implemented in Uttarakhand.

Titan Township 

Titan has built a community in Hosur which provides homes to about 1,300 people. They have implemented an initiative in collaboration with NGOs named MCA and Ashraya.

Employing Differently-Abled

More than 120 differently-abled people are now making watches in the Hosur factory of Titan Company Ltd.

Karigar Park 

About 14 centres were built under this initiative, providing homes to jewellery karigars working for Titan. The karigars are trained in these centres and provided with everything they would need to make jewellery. The best working conditions are provided to these people. The centres also have a provision for recreation as there are parks and gyms around.

Titan Kanya

The core of this initiative was to promote the education of a girl child. The program aims at empowering girl children they complete their education at least up to class 10th.

Titan School and Titan Foundation for Education

The Titan School and the Titan Foundation for Education were established by Xerxes Desai. The school was started in Mathigiri, Hosur. The Titan School covers an area of 85 acres. There is a residential area where the school is built. Around 1,200 people stay in the houses that are a part of the residential area. Most of these people work for Titan, but the place welcomes non-Titan employees. The school aims to provide holistic education by implementing modern learning methods.