Titan, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), aims to evolve into a Rs 1,00,000 Crore business in the next five years. To achieve this, the lifestyle company plans to recruit over 3,000 employees across various profiles, primarily at mid-to-senior levels. The core focus will be on individuals with deep domain expertise to explore new avenues.
The hiring will span engineering, design, luxury, digital, data analytics/science, marketing, and sales. Specifically, roles for engineers are expected to increase by a minimum of 50 per cent in the next 2-3 years.
“The aggressive hiring strategy reflects their dedication to bringing in experts from various fields, both young and experienced. This strategy is expected to accelerate growth and innovation, solidifying Titan’s position in the industry.”
Priya Mathilakath Pillai, head HR-corporate and retail, Titan Company
The company envisions that by onboarding individuals with new-age skill sets like data analytics, cybersecurity, product management, and digital marketing, it can deepen its presence in the premium and luxury segment. This aligns with its strategy of building deep expertise through a combination of building, borrowing, and buying.
Titan is also eyeing international hires, particularly focusing on the GCC market. The company plans to expand its international workforce by 10 per cent over the next 5 years. For the GCC market alone, it anticipates creating around 150-200 new positions in the next 2-3 years.
While currently, 60 percent of Titan’s employees are based in metros and 40 percent in Tier 2 & 3 cities, the company plans to strengthen its presence in emerging markets and leverage local talent to encourage regional employment.
In line with its commitment to diversity and inclusivity, Titan is actively pursuing a diverse and talented workforce. Priya Mathilakath Pillai, head HR-corporate and retail, Titan Company, emphasises that the aggressive hiring strategy reflects their dedication to bringing in experts from various fields, both young and experienced. This strategy is expected to accelerate growth and innovation, solidifying Titan’s position in the industry.
Notably, 40 percent of the new hires in Q1 of FY 2024 were women. Titan recently launched the women-focused return-ship program Sequal, aimed at upskilling women and providing re-entry support. Through this programme, Titan aims to enable the re-entry of women into the workforce.
Beyond hiring for mid-senior levels, Titan will continue to recruit talent from the campuses directly, and that will constitute 15-18 percent of the total hiring every year. This ensures a steady influx of innovative young minds into the company.
Titan’s objective extends beyond investing in talent to investing in the future. As the company diversifies and expands its offerings across brands like Tanishq, Mia, Fastrack, Sonata, Eyeplus, Taneira, Skinn & Caratlane in Indian and international markets, there will be a significant focus on augmenting Titan’s luxury segment.
