Complementing their trajectory towards becoming an INR 1,00,000 Crore business in the next 5 years, Titan Company Limited, India’s leading lifestyle company, announced their ambitious plans to hire over 3000 employees during the period. While the company will continue to expand its portfolio of offerings across Tanishq, Mia, Fastrack, Sonata, Eyeplus, Taneira, Skinn & Caratlane across Indian and International markets, there will also be a significant focus towards augmenting Titan’s luxury segment. Focused hiring will happen across profiles that will bring deep domain expertise and help Titan Company explore newer avenues. These will be predominantly across mid to senior levels.
Titan recognizes the importance of fostering a diverse and inclusive work environment. As part of this commitment, the company aims to attract talent across various fields, including Digital, E-Commerce, Sales, Optometry, Design, and Engineering amongst others. Furthermore, 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 2-3 years. The company will actively seek professionals with specialized 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 the build, borrow and buy strategy.
Also read: Around 20 to 25% of Hiring is Centred Around New-Age Technologies: Shalini Nair Kumar, Amadeus Lab
Commenting on the company's hiring and growth strategy, Priya Mathilakath Pillai, Head HR- Corporate and Retail, Titan Company Limited said, “We are embarking on an exciting journey towards becoming an INR 1,00,000 Crore business in the next 5 years. Our aggressive hiring strategy reflects our dedication to hiring a diverse and talented workforce. We believe that alongside growing our 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. Currently, 60% of our 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.”
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 5 years, with a specific focus on the 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% of the total hiring every year, ensuring a steady influx of innovative young minds. Titan is also aligning their synergies to up-skill and enable the re-entry of women into the workforce. Titan recently launched the women-focused return-ship program Sequal which will upskill women and provide re-entry support. Notably, 40% of the new hires in Q1 of the FY 2024 were women, underscoring Titan's dedication to gender diversity in the workplace.
