Titan Industries Limited (TIL) was promoted as a Joint Sector Company to manufacture watches during 1985 in association with Questar Investments Limited, one of the TATA Group companies. TIL commenced commercial production in the month of March 1987. TIDCO’s holding in the paid up capital of this company is 27.88%. TIL clocked its best ever performance in the year ended 31-3-2006 with a sales turnover of Rs. 1481 Crores (growth of 30% over the previous year) nearly three fold increase in profit after taxes of Rs. 73.62 Crores (an increase of 195%). The Watch Division (Titan Brand and Sonata Brand) was able to achieve a sales turnover of Rs. 655 Crores; Jewellery Division (Tanishq) Rs. 791 Crores and other products Rs. 35 Crores. TIL continues to declare dividend on its equity shares since from the year of commercial production.

Awards and Recognition

Awards are an indication of an outside perception of TIL and its brands and a corroboration of the Titan’s drive towards excellence. During the year 2005-06 Titan had achieved the following Awards and Recognition.

	Both Titan and Tanishq continued to be voted as most admired brands as well as the Retailer of the Year Awards.
	Brand Titan won the Brand Leadership Award at the India Brand Summit as well as the Effie Gold Award.
	Dehradun factory got the State Award for Outstanding Employer of the Handicapped.
	The highest (Platinum) Award from the Readers’ Digest as the Most Trusted Brand went to Titan
	Kaizen Awards for Quality
	Watch Manufacturing got the Golden Peacock Award for Environment Management.

For further details visit  www.titanworld.com