Tanishq, an Indian jewellery brand, has opened its store here and in Frisco as part of its global business expansion strategy and to cater to the growing needs of the Indian diaspora in the US. The US state of Texas, with the second largest Indian Diaspora, is now home to two of Tanishq’s stores, one…
Trent’s chairman Noel Tata New Delhi: Trent Limited, a part of the Tata Group, on Tuesday has reported a surge of 188.9 per cent in consolidated net profit at Rs 228.06 crore in the second quarter (Q2) ended September 30, 2023 against the net profit of Rs 78.94 crore in the previous fiscal’s same quarter,…
Representative image Tanishq, a jewellery brand from the Tata Group, plans to have 50 boutiques globally over the long term, said Kuruvilla Markose, the CEO of Titan Company which manages the brand business, as it opened a boutique here on Saturday. Currently, Titan has 13 boutiques in the international market and is constantly scouting for…
Titan Company has clocked 20% year-on-year growth in revenue for the second quarter ended September. A total of 81 stores were added in this period, taking the group’s retail presence to 2,859 stores. In the jewellery segment, 19% revenue growth was led by 20% growth in the domestic business and lower primary outgo from India…
Chennai: Jewellery brand Mia by Tanishq from the diversified conglomerate Tata Group has stepped up its retail presence in Tamil Nadu with the setting up of four stores in the city. Each store spread across 3,350 sq ft offers a wide range of jewellery pieces of Mia in gold, diamond, and colour stones among others….
Avnish Anand, CEO, CaratLane Omni-channel jewellery retailer CaratLane on Friday appointed Avnish Anand as its new chief executive, roughly a week after the departure of its founder and CEO Mithun Sacheti. Anand was previously chief operating officer of the Tata Group-owned CaratLane and has been at the firm for more than 8 years. “Avnish… was…
Representative Image Tata group company Titan, which agreed to purchase CaratLane founder Mithun Sacheti‘s stake in the omnichannel jewellery retailer for Rs 4,621 crore, is expected to buy employee stock options (ESOPs) held by CaratLane employees for around Rs 340-350 crore, or approximately $42 million, people aware of the discussions said. The company has around…
Mithun Sacheti, founder, Caratlane Mithun Sacheti founded online jewellery selling platform CaratLane in 2008 along with Srinivasa Gopalan. On Saturday, he scored one of the most successful exits by an Indian consumer internet entrepreneur when he sold his 27% stake to watchmaker Titan for Rs 4,621 crore. Sacheti, 44, first brought the Tata group company…
After months of negotiations, Tata group company Titan has bought out the residual 27.18% stake in its subsidiary CaratLane from the omnichannel jewellery brand’s founder Mithun Sacheti and his family members for Rs 4,621 crore in cash. The latest transaction will ascribe a valuation of Rs 17,000 crore to CaratLane. The deal ranks as the…
