(Reuters) -Indian jeweller and watchmaker Titan said on Thursday that Managing Director and CEO C. K. Venkataraman will retire at year-end, after more than 30 years with the company, and be succeeded by the head of the jewellery division, Ajoy Chawla.
Venkataraman joined the company in 1990 and rose to the top in 2019, the same year Chawla was appointed CEO of the jewellery division.
Under Chawla’s leadership, the jewellery division, which includes ‘Tanishq’ and ‘Mia’ brands, has grown 2.5 times in sales and profits, the release added.
Chawla’s three-decade career at Titan, as per his LinkedIn, has included roles in commercial, sales, retailing and supply chain, Titan said.
Meanwhile, Titan’s jewellery segment, which constitutes the bulk of overall revenue, saw a 25% sales increase in the fourth quarter, driven by demand for higher-priced jewellery and investment-grade gold coins.
Its consolidated revenue for the quarter grew 22.5%, while its net profit rose nearly 13%, it reported on Thursday.
Chawla will take the top post on January 1, 2026, while Titan said it would decide on his replacement at a later date.
(Reporting by Ananta Agarwal in Bengaluru; Editing by Savio D’Souza and Vijay Kishore)
