Company Profile

Titan Company has incorporated a wholly owned subsidiary company ‘TCL North America Inc’ in the State of Delaware, USA effective April 15, 2021. The company has incorporated TCL North America Inc. as its wholly owned subsidiary with the objective of carrying on business of jewelry retailing.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.

Titan Company has reported results for fourth quarter and year ended March 31, 2021.

The company has reported a rise of 48.18% in its net profit at Rs 529 crore for the quarter under review as compared to Rs 357 crore for the same quarter in the previous year. Total income of the company increased by 60.42% at Rs 7,169 crore for Q4FY21 as compared Rs 4,469 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 63.01% in its net profit attributed to shareholders at Rs 564 crore for the quarter under review as compared to Rs 346 crore for the same quarter in the previous year. Total income of the company increased by 58.87% at Rs 7,551 crore for Q4FY21 as compared Rs 4,753 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported a fall of 42.19% in its net profit at Rs 877 crore as compared to Rs 1517 crore for the previous year. However, total income of the company increased by 3.11% at Rs 20,783 crore for year under review as compared to Rs 20,156 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 35.18% in its net profit attributed to shareholders at Rs 973 crore as compared to Rs 1,501 crore for the previous year. However, total income of the company increased by 2.95% at Rs 21,830 crore for year under review as compared to Rs 21,205 crore for year ended March 31, 2020.

Titan Engineering & Automation (TEAL), a wholly owned subsidiary of Titan Company, has incorporated a Wholly Owned Subsidiary namely ‘TEAL USA Inc.’ in the state of Michigan, USA and consequently it has become a step down subsidiary of the company effective April 15, 2021.TEAL USA Inc. has been formed as a wholly owned subsidiary of Titan Engineering & Automation (TEAL), a wholly owned subsidiary of Titan Company (Titan). 

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.

Mahindra & Mahindra (M&M) is planning to put fresh investments to the tune of Rs 3000 crore on its Electric Vehicles (EV) business in the next three years, while it looks for more alliances and partnerships in the vertical. The company is working on developing on an EV platform by combining capabilities of its operations across the globe, including Detroit and Italy.

Titan Company’s subsidiary company -- Tanishq has unveiled a new brand proposition for its wedding exclusive sub-brand 'Rivaah' - Jewel for every tradition. The new proposition from Rivaah by Tanishq communicates the meaning and significance of every ritual and jewellery the bride wears. Even as there is a general nervousness in the gems and jewellery industry about the Covid related restrictions in Maharashtra impacting the wedding season demand, Tanishq is betting big on the rest of the markets for the wedding jewellery.

Infosys’ Board of Directors is going to consider on proposal for buyback of fully paid-up equity shares of the company. The outcome of the Board meeting will be disseminated to the stock exchanges after conclusion of the Board meeting on April 14, 2021, in accordance with the applicable provisions of the SEBI LODR Regulations.

Castrol India and Ki Mobility Solutions have entered into an exclusive supply arrangement in India wherein Castrol shall supply lubricant products to Ki Mobility's multi-brand workshops.

Century Plyboards (India) has introduced a pioneering solution for its customers by launching the use of Firewall Technology in manufacturing its products. Firewall technology ensures that its customers get critical time to act and be safe in case of fire. Firewall Technology is the outcome of arduous and indigenous research work done by the organization.

Natco Pharma’s marketing and distribution partner -- Alvogen Pine Brook LLC, has received tentative approval for Abbreviated New Drug Application (ANDA) Ibrutinib Tablets 560mg, 420mg, 280mg and 140mg strengths (generic for Imbruvica), from the U.S. Food and Drug Administration (USFDA).

Transwarranty Finance has raised Rs 25 lakh through Secured Redeemable Non Convertible Debentures (NCDs) under Thirteenth Tranche/Series M/2020-21, on private placement basis.

Titan Company’s subsidiary company – Tanishq has unveiled a new brand proposition for its wedding exclusive sub-brand 'Rivaah' - Jewel for every tradition. The new proposition from Rivaah by Tanishq communicates the meaning and significance of every ritual and jewellery the bride wears. Even as there is a general nervousness in the gems and jewellery industry about the Covid related restrictions in Maharashtra impacting the wedding season demand, Tanishq is betting big on the rest of the markets for the wedding jewellery.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.