Essay upon Titan Watches

1984

-- The Company was Incorporated in 26th July, at Chennai. The Manufacture analog electronic watches which has a choice of above 150 designs. The company was promoted jointly by Questar Investments, Ltd., a Struktur Company with its associates Acara susunan acara Sons, Ltd., and Acara susunan acara Press, Ltd., and Tamil Nadu Professional Development Corporation, Ltd. (TIDCO). The main goal of the company is to make analog digital watches having a choice of over 150 designs.

- The Company undertook to set up a grow for the manufacture of quartz

analog electronic wristwatches in the Condition Industries Advertising Corporation

of Tamil Nadu, Ltd. Commercial area in Hosur.

- The business entered into a collaboration agreement with Italy Ebauches (FE) of Italy, manufacturers of watch motions and pieces, for specialized documentation, assistance in purchase of

developing equipments, recycleables, etc .

- The Company proposed to production 2 million digital and ana-digi wristwatches in collaboration with Casio Computer Business of Asia. A MOELLEUX

was fixed between the Firm and Casio in November, 1986.

1987

- The organization established a manufacturing facility by Hosur for the produce of pieces for wristwatches.

- In April the organization also granted 5, 25, 000 -- 13. five per cent secured redeemable

partly collapsible debentures of Rs 300 each pertaining to cash at par. The debentures were allotted upon preferential basis: (i) dua puluh enam, 250

debentures

to employees/workers of the Organization and affiliate companies (ii) 52, 500

debentures to investors of Orde Press Ltd. and (iii) 1, thirty-one, 250 debentures to NRIs on repatriation basis. The 3, '04, 500 debentures along with the unsubscribed portion of 78, 900 debentures from the special quota were offered for public registration during

Apr. Additional 1, 31, two hundred fifity debentures had been allotted to retain

over-subscription. Titan

Titan is usually one of India's leading enjoy brands that brought about a paradigm change in the Of india watch industry, offering quartz technology with international hair styling. The Titan portfolio is the owner of over 60 per cent of the home-based market share inside the organized enjoy market. The brand Titan can be committed to giving its customers watches that represent the compass of their imagination. The manufacturer regularly features exciting fresh collections, which will connect with the different facets of ingrained human yearnings for self-expression. The new company philosophy of Titan, exemplified in the catchphrase ‘Be More', touches this kind of as well as other aspects of the brand name. The Ti (symbol) brand structures comprises many collections and sub-brands, every single of which is actually a leader in own space. Notable most notable are: Titan Edge - world's slimmest watch based upon the beliefs ‘less is usually more', Titan Raga - feminine and sensuous item for present woman, Nebula - crafted with sturdy 18k rare metal and valuable stones. Several other popular collections like Heritage, Aviator, Automated, Regalia, Obaku also type a part of the Titan profile. The watch division boasts of over 300 distinctive showrooms christened ‘World of Titan', putting your brand between the largest chains in its category backed by 740 after-sales-service centers.  The section has a world-class design facility that frequently invents fresh trends in wrist watches.

- The transformable portion of Rs 100 of the face value of each debenture

was changed into 10 value shares of Rs 10 each by the end of three

months from your date of allotment of debentures (65, 62, 500 equity stocks were allotted accordingly).

- The non-convertible portion of Rs 200 in the face value of each debenture was to end up being redeemed in par towards the end of the ten years from the

particular date of cut of debentures.

1989

-- A new range of watches referred to as `Aqura' was launched in December.

- The situation plant for Hosur was commissioned. The plant was to create

1 . 5 million view cases. The project expense was loaned partly through

internal...

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