The current Chief Executive Officer (CEO) of the company’s jewellery division will succeed Venkat as the Managing Director with effect from 1 January 2026
Notifying about the succession plan for the Managing Director (MD) of the company, Titan, a jeweller and watchmaking major has stated that Ajoy Chawla, the current Chief Executive Officer (CEO) of the company’s jewellery division, will succeed Venkat as the Managing Director with effect from 1 January 2026.
In an exchange filing, the company highlighted that C K Venkataraman (Venkat), the current Managing Director, will retire from the services of the company on 31st December 2025 on attaining the age of superannuation as per the Tata Group’s retirement policy. Venkat had joined Titan in the year 1990 and became the MD on 1 October 2019.
Ajoy Chawla graduated as a mechanical engineer from VJTI, Mumbai. 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, the statement read.
“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,” highlighted C K Venkataraman, MD, Titan.
In October 2019, Ajoy became the CEO of Titan’s jewellery division. Under his leadership, the jewellery division has grown 2.5 times in sales and profits and reinforced its market and thought leadership, the company stated.
The formal process to induct Ajoy on the Board of the company and his appointment as Managing Director of Titan will be completed in due course and the same is subject to the shareholders’ approval. Titan informed that the decision relating to Ajoy’s successor in the jewellery division will be taken subsequently.
