Tata Group’s Titan is now taking its jewelery brand Tanishq to this country, deal for joint venture

Titan Company is launching its jewelery brand Tanishq in Bangladesh as part of its expansion plans in the international market. According to the statement, on Friday Tanishq, a company managed by Tata Group, entered into a joint venture deal in this regard with Rhythm Group. Under this, Tanishq will be made available in the Bangladesh market. According to a joint statement from both the companies, the joint venture will begin with the inauguration of a manufacturing unit in Narayanganj, Bangladesh.

Titan expanding Tanishq abroad

Apart from the domestic market, Titan is also expanding Tanishq’s presence in the international market and operates 17 stores in UAE, US, Qatar, Singapore and Oman. Its watches business is present in SAARC, MENA (West Asia and North Africa), South East Asian regions. Over the past few years, it has focused on growing its flagship jewelery brand Tanishq overseas. Rhythm Group is a leading company in Bangladesh which was established in 1972 to manufacture indigenous textiles and has since expanded into many sectors.

Titan share price

Shares of Titan Company Limited closed at 3406.10 with a gain of 0.76 per cent or Rs 25.70 on the Bombay Stock Exchange. The 52 week high of this share is Rs 3,885. Whereas, 52 week low is Rs 2,882.60. The market cap of the company closed at Rs 3,02,388.84 crore on Friday. Titan is a company in the gems, jewelery and watch industry. It is a brand of Tata Group. In 2005, Titan launched its youth fashion accessories brand Fastrack. Titan is India’s largest branded jewelery maker in terms of value. Its market share by 2022 was 6 percent. More than 80 percent of the company’s revenue comes from the jewelery segment.