Titan Company Ltd has formally added Signature Jewellery to its corporate structure as a step-down subsidiary. The move follows Titan Holdings International’s acquisition of a 67% stake in Damas LLC, strengthening Titan’s presence across the GCC region and reinforcing its global jewellery ambitions.
Titan Company Ltd, India’s leading lifestyle and jewellery brand, has announced that Signature Jewellery LLC has officially become a step-down subsidiary following its strategic acquisition of Damas LLC through Titan Holdings International, a wholly owned subsidiary.
The acquisition of 67% stake in Damas LLC, headquartered in Dubai, marks Titan’s largest international jewellery deal to date. Signature Jewellery, part of Damas’ operational structure, now falls under Titan’s extended corporate umbrella, giving the Indian conglomerate access to 146 stores across six GCC countries, compared to just 14 Tanishq outlets previously.
This move is expected to accelerate Titan’s global expansion, enhance brand visibility, and unlock synergies in sourcing, design, and retail operations.
Key Highlights:
-
Subsidiary Status: Signature Jewellery LLC becomes step-down subsidiary of Titan Company Ltd
-
Parent Acquisition: Titan Holdings International acquires 67% of Damas LLC
-
Geographic Reach: Access to 146 stores across GCC markets
-
Strategic Impact: Strengthens Titan’s international jewellery portfolio and retail scale
-
Financial Structure: All-cash deal valued at AED 1,038 million (₹2,439 crore)
Titan’s integration of Signature Jewellery signals a bold step toward becoming a global jewellery powerhouse.
Sources: Business Standard, The Hindu BusinessLine, Titan Company SE Filing