Titan Company Limited plans to hire over 3000 employees in next 5 years
TITAN COMPANY LIMITED PLANS TO HIRE OVER 3000 EMPLOYEES IN NEXT 5 YEARS
21st November 2023
Complementing their trajectory towards becoming a INR 1,000,000 Crore business in the next 5 years, Titan Company Limited, India’s leading lifestyle company, has today announced their ambitious plans to hire over 3000 employees during the period. While the company will continue to expand its portfolio of offerings across Tanishq, Mia, Fastrack, Sonata, Eyeplus, Taneira, Skinn & Caratlane across Indian and International markets, there will also be significant focus towards augmenting Titan’s luxury segment
Focused hiring will happen across profiles that will bring deep domain expertise and help Titan Company explore newer avenues. These will be predominantly across mid to senior level.
Titan recognizes the importance of fostering a diverse and inclusive work environment. As part of this commitment, the company aims to attract talent across various fields, including Digital, E-Commerce, Sales, Optometry, Design, and Engineering amongst others. Furthermore, in-line with its focus on innovation and technology, Titan plans to increase the percentage of employees in Engineering roles by 50% in the next 2-3 years. The company will actively seek professionals with specialized skills such as Data Analytics, Cyber Security, Product Management, Digital Marketing, and other New-Age Skills amongst others. Titan is deepening its foray into the premium and luxury segment by building deep expertise through build, borrow and buy strategy.
Commenting on the company’s hiring and growth strategy, Ms. Priya Mathilakath Pillai, Head HR- Corporate and Retail, Titan Company Limited said, “We are embarking on an exciting journey towards becoming a INR 1,00,000 Crore business in the next 5 years. Our aggressive hiring strategy reflects our dedication to hire a diverse and talented workforce. We believe that alongside growing our own people it also helps to bring in experts from various fields, young and experienced. This will accelerate our growth and innovation, strengthening Titan’s position in the industry. Currently, 60% of our workforce is in metros and 40% in Tier 2 & 3 cities. We will continue to strengthen our play in the emerging markets and focus on local talent to promote regional employment.”
Titan is all set to aggressively expand its international footprint in North America and the Middle East and increase its international workforce by 10% over the next 5 years, with a specific focus on the GCC market, where around 150-200 new positions will be created in next 2-3years. Simultaneously, Titan will continue to hire campus talent, and it is expected to contribute to 15% – 18% of the total hiring every year, ensuring a steady influx of innovative young minds. Titan is also aligning their synergies to up-skill and enable the re-entry of women into the workforce. Titan recently launched the women focused return-ship program Sequal which will upskill women and provide re-entry support. Notably, 40% of the new hires in Q1 of the FY 2024 were women, underscoring Titan’s dedication to gender diversity in the workplace.
Titan is not only investing in talent but also in the future, emphasizing the importance of skilled professionals in shaping the company’s trajectory. As Titan continues to diversify and expand its offerings, it remains committed to fostering a workplace that values creativity, expertise, and inclusivity.
ABOUT TITAN COMPANY LIMITED:
Titan Company Limited (“Titan”), a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches Limited. In 1994, Titan diversified into jewellery (Tanishq) and subsequently into EyeCare. Over the last three decades, Titan has expanded into underpenetrated markets and created lifestyle brands across different product categories including fragrances (SKINN), accessories and Indian dress wear (Taneira) and thoughtfully designed Women’s Bags (IRTH). Titan is widely known for transforming the watch and jewellery industry in India and for shaping India’s retail market by pioneering experiential retail. Learn more about Titan on: www.titancompany.in