Titan says MD Venkataraman to retire by year-end, Ajoy Chawla announced as his successor

Titan MD C K Venkataraman (left), Ajoy Chawla (right)

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26 Aug, 2025 12:21

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Titan Company on May 8 announced that Ajoy Chawla, the CEO of its jewellery division, will take over as the Managing Director of the company after current MD C K Venkataraman's retirement in December this year. Chawla will succeed Venkataraman effectively from January 1, 2026.

In an exchange filing, Titan Company announced that Venkataraman will retire from the services at the company on December 31 when he attains the age of superannuation, as per the Tata Group's retirement policy. He had joined the company in 1990, and took charge as the MD in October, 2019.

"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,” Venkataraman said.

Titan has seen its jewellery sales and profit grow 2.5x times since Ajoy Chawla took over as the CEO of the company’s jewellery division, Titan said in its exchange filing. "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. The decision relating to Ajoy's successor in the Jewellery Division will be taken subsequently," the firm added.

Notably, Titan Company is set to release its results for the January-March quarter of financial year 2025 today. Soaring gold prices and rising competition are expected to impact the jewellery player’s bottom line.

According to a Moneycontrol poll of six brokerages, the Caratlane-parent is expected to report a 14.6 percent revenue growth at Rs 12,904 crore. Net profit is likely to come in at Rs 824 crore, jumping 7.1 percent from Rs 786 crore in the corresponding quarter last year.

Also read: LIVE updates about Q4 results