Ajoy Chawla to Succeed C.K. Venkataraman as Titan’s MD from January 2026

In a major leadership transition, Titan Company Ltd., a Tata Group enterprise, has announced the appointment of Ajoy Chawla as its next Managing Director. Chawla, currently leading Titan’s highly successful jewellery division, will assume the role on January 1, 2026, succeeding C.K. Venkataraman, who retires at the end of December 2025. The announcement comes as Titan reports a 22% surge in revenue for FY25, crossing the ₹50,000 crore milestone for the first time.

Why in News?

The news is significant as it marks a pivotal leadership shift in one of India’s most prominent lifestyle companies. With Titan achieving record revenues and continued expansion across product lines, the appointment of a seasoned insider like Ajoy Chawla ensures continuity in strategy and an emphasis on innovation and brand growth.

Key Points

• New MD Appointed: Ajoy Chawla will take charge as Managing Director from 1 January 2026, following the retirement of C.K. Venkataraman on 31 December 2025.

Strong Financials

• FY25 Total Revenue: ₹57,819 crore (22% YoY growth)
• Q4 Revenue: ₹14,049 crore
• Q4 Profit: ₹871 crore (13% YoY growth)

Leadership Track Record

• Chawla has led the jewellery division since October 2019, more than doubling sales and profits during his tenure.
• He joined Titan in 1991 and has held pivotal roles across watches, accessories, jewellery, and new ventures like SKINN and Taneira.
• Pending Approvals: His formal induction as MD is subject to shareholder approval.

Company’s History and Business

• Founded in 1987 as Titan Watches Ltd.
• Joint venture between Tata Group and TIDCO
• Business segments: Jewellery (Tanishq), Watches, Eyewear, Ethnic Wear, Accessories

Current Business Outlook

• Eye care business back to double-digit growth
• Analogue watches showing growth through premiumization
• Poised for better performance in FY26