Chawla will take over the reins from C.K. Venkataraman, who is set to retire on 31 December 2025
Bengaluru: Titan Company Ltd. has announced a significant leadership transition with the Board of Directors approving the appointment of Ajoy Chawla as the company’s next Managing Director, effective 1 January 2026.
Chawla will take over the reins from C.K. Venkataraman, who is set to retire on 31 December 2025, upon reaching the Tata Group’s retirement age.
Chawla currently serves as the CEO of Titan’s Jewellery Division, a position he has held since October 2019. Under his stewardship, the division has seen a 2.5-fold growth in sales and profitability, further strengthening Titan’s market leadership in the jewellery segment.
An alumnus of VJTI Mumbai and IIM Calcutta, Chawla began his career with the Tata Group in 1990 through the Tata Administrative Services (TAS) and joined Titan’s finance department in 1991. Over three decades, he has held pivotal roles across the Watches Division, Strategy, Business Incubation, and notably led the successful scaling of the Fragrances and Taneira businesses.
Commenting on the announcement, outgoing Managing Director C.K. Venkataraman said, “On behalf of the entire Titan team, I welcome Ajoy to lead Titan in its next phase of innovation and growth. With his strong customer obsession, people orientation, partnering impulse and focus on creating value, Ajoy is well qualified to shepherd Titan towards even greater glory and scale.”
The formal process of inducting Chawla onto Titan’s Board and confirming his appointment is expected to follow in due course, subject to shareholder approval. A decision on his successor as CEO of the Jewellery Division will be made at a later stage.
Titan Company Ltd., a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches Limited. In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare.
Over the last three decades, Titan has expanded into underpenetrated markets and created lifestyle brands across product categories including fragrances (SKINN), accessories and Indian dress wear (Taneira) and bags (IRTH).
