Venkataraman, who has been with Titan since 1990, took over as MD on October 1, 2019. Under his leadership, the company expanded its presence across key consumer segments, including jewellery, watches, and eyewear. His tenure saw strong growth in Titan’s core businesses, especially in the jewellery vertical.
Ajoy Chawla, currently CEO of Titan’s jewellery division, will succeed Venkataraman as managing director starting January 1, 2026. Chawla, who has played a pivotal role in scaling the Tanishq brand and driving innovation in the jewellery segment, will be inducted onto the board and formally appointed as MD following shareholder approval.
Also Read: Titan Q3 Results: Revenue growth of 23%; Net profit misses estimates
The company said a decision regarding Chawla’s successor in the jewellery division will be announced at a later date.
Chawla graduated as a mechanical engineer from VJTI Mumbai and then did his PGDM from UM-Calcutta. He 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 sectors.
Also Read: Titan Q4 Update: Jewellery, watches drive 25% growth; store count tops 3,300
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.
Shares of Titan Company Ltd ended at ₹3,363.45, up by ₹23.15, or 0.69%, on the BSE.
(Edited by : Shoma Bhattacharjee)
First Published:Â May 8, 2025 6:19 PM IST
