Titan Company has appointed Ajoy Chawla as its new Managing Director, succeeding CK Venkataraman.
In a regulatory filing, the company mentioned that the Board of Directors of Titan Company has approved the succession plan for the Managing Director of the Company. Venkataraman (Venkat), the current Managing Director, 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. Venkat had joined Titan in the year 1990 and became the Managing Director on October 1, 2019.
Chawla, currently the Chief Executive Officer (CEO) of the Company’s Jewellery Division, will succeed Venkat as the Managing Director with effect from January 1, 2026.
Chawla 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, Chawla 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.
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 and the same is subject to the shareholders’ approval.
The decision relating to Chawla’s 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, A joy is well qualified to shepherd Titan towards even greater glory and scale.”
