Chawla, currently the Chief Executive Officer of the company’s Jewellery Division, will assume charge as the Managing Director with effect from January 1, 2026. Under Chawla’s leadership, Titan’s Jewellery Division has grown 2.5X in sales and profits since 2019
Bengaluru: The Board of Directors of Titan Company Limited, at its meeting held on May 8, approved the succession plan for the Managing Director of the company. Ajoy Chawla, currently the Chief Executive Officer (CEO) of the company’s Jewellery Division, will succeed C. K. Venkataraman as the Managing Director with effect from January 1, 2026.
Venkataraman will retire from the services of the company on December 31, 2025 on attaining the age of superannuation as per the Tata Group’s retirement policy. He had joined Titan in 1990 and became the Managing Director on October 1, 2019.
Ajoy Chawla, who graduated as a Mechanical Engineer from VJTI Mumbai and then did his PGDM from IIM-Calcutta, became part of the Tata Administrative Services (TAS) in 1990 and initially joined the finance department of Titan in 1991. Over the next two decades, he was in the Watches Division, and played several roles spanning Commercial, Sales, Retailing, Supply Chain, SAP implementation, leading accessories and licensed brands as SBU Head and then heading the Titan SBU for Domestic and International. Between 2013 and 2019, he was the Chief Strategy Officer of Titan as well as heading Business Incubation, scaling the Fragrances business and establishing the Taneira business.
In October 2019, Chawla became the CEO of Titan’s Jewellery Division. Under his leadership, the Jewellery Division has grown 2.5X in sales and profits and reinforced its market and thought leadership. Notably, Titan’s foray into jewellery began in 1994 with Tanishq. It was soon followed by an entry into the luxury segment in 2010 with Zoya. The following year, Titan launched Mia, a line of hand-crafted jewellery for the modern multi-tasking woman. In 2016, Titan acquired CaratLane, establishing its presence in the e-commerce sector.
The formal process to induct Chawla on the Board of the Company and his appointment as Managing Director of Titan will be completed in due course, subject to the shareholders’ approval. The decision relating to his successor in the Jewellery Division will be taken subsequently.
C.K. Venkataraman, Managing Director of Titan, said, “On behalf of the entire Titan team, I welcome Ajoy to lead Titan in its next phase of innovation and growth. With his strong customer obsession, people orientation, partnering impulse and focus on creating value, Ajoy is well qualified to shepherd Titan towards even greater glory and scale.”
Titan Company Limited, 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 created lifestyle brands across different product categories including fragrances (SKINN), accessories and Indian dress wear (Taneira) and bags (IRTH). Titan is known for transforming the watch and jewellery industry in India, and for shaping India’s retail market by pioneering experiential retail.
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