Titan Company Limited will be significantly expanding its workforce as it aims to become a ₹1 lakh crore business in the next five years.
The Tata Group-owned lifestyle company has announced its ambitious plans to hire over 3000 employees during the period. Focused hiring will happen across profiles that will bring deep domain expertise and help Titan Company explore newer avenues, the company says. The hiring will be predominantly across mid to senior levels.
While Titan will continue to expand its portfolio of offerings across Tanishq, Mia, Fastrack, Sonata, Eyeplus, Taneira, Skinn and Caratlane across Indian and international markets, there will also be significant focus on augmenting Titan's luxury segment, the company says.
As part of Titan's commitment towards fostering a diverse and inclusive work environment, the company aims to attract talent across various fields, including digital, e-commerce, sales, optometry, design, and engineering amongst others, the jewellery and watch retailer says.
In line with its focus on innovation and technology, Titan plans to increase the percentage of employees in engineering roles by 50% in the next two to three years. The company will actively seek professionals with specialised skills such as data analytics, cyber security, product management, digital marketing, and other new-age skills amongst others. Titan is deepening its foray into the premium and luxury segment by building deep expertise through build, borrow and buy strategy.
"We are embarking on an exciting journey towards becoming a ₹1,00,000 crore business in the next 5 years. Our aggressive hiring strategy reflects our dedication to hire a diverse and talented workforce. We believe that alongside growing our own people it also helps to bring in experts from various fields, young and experienced. This will accelerate our growth and innovation, strengthening Titan's position in the industry," says Priya Mathilakath Pillai, Head HR- Corporate and Retail, Titan Company.
Currently, 60% of Titan's workforce is in metros and 40% in Tier 2 & 3 cities. "We will continue to strengthen our play in the emerging markets and focus on local talent to promote regional employment," Pillai says.
Titan is all set to aggressively expand its international footprint in North America and the Middle East and increase its international workforce by 10% over the next five years, with a specific focus on the Gulf Cooperation Council (GCC) market, where around 150-200 new positions will be created in the next 2-3 years. Simultaneously, Titan will continue to hire campus talent, and it is expected to contribute 15%-18% to the total hiring every year, ensuring a steady influx of talent. Titan is also aligning their synergies to up-skill and enable the re-entry of women into the workforce. Notably, 40% of the new hires in Q1 of the FY 2024 were women, underscoring Titan's dedication to gender diversity in the workplace.
