Image Source : Business Standard
Titan Company Ltd, one of India’s leading lifestyle and consumer brands under the Tata Group, has approved the appointment of Puneet Chhatwal as an Additional Director on its Board. The decision was formalized during the company’s board meeting held in August 2025, marking a strategic move to strengthen Titan’s leadership bench with cross-industry expertise. Chhatwal, currently the Managing Director and CEO of Indian Hotels Company Ltd (IHCL), brings decades of global experience in hospitality, brand strategy, and consumer engagement.
Key Highlights From The Appointment
- Puneet Chhatwal appointed as Additional Director on Titan’s Board effective August 2025
- The appointment was approved by the Board of Directors in accordance with SEBI’s listing regulations
- Chhatwal’s inclusion is expected to enhance Titan’s strategic capabilities in customer experience, brand building, and global expansion
- His appointment follows Titan’s recent acquisition of Damas, a Middle Eastern luxury jewellery brand, signaling deeper international ambitions
Professional Background And Industry Credentials
- Chhatwal has served as MD & CEO of IHCL since 2017, leading the company through a transformative phase of digitalization, asset-light growth, and brand consolidation
- Prior to IHCL, he held leadership roles at Steigenberger Hotels AG in Germany and Rezidor Hotel Group in Europe
- He is credited with launching multiple hospitality brands and driving sustainable profitability across diverse geographies
- His expertise spans luxury retail, customer-centric innovation, and strategic partnerships—areas closely aligned with Titan’s growth trajectory
Strategic Fit With Titan’s Business Vision
- Titan’s portfolio includes watches, jewellery, eyewear, fragrances, and fashion accessories, with brands like Tanishq, Fastrack, and Titan Eye+
- The company is expanding its footprint in premium lifestyle segments and international markets
- Chhatwal’s experience in managing global consumer brands and luxury experiences complements Titan’s brand ethos
- His insights into customer loyalty, experiential retail, and service excellence are expected to inform Titan’s next phase of innovation
Board Composition And Governance Strengthening
- The appointment reinforces Titan’s commitment to board diversity and cross-sectoral leadership
- Chhatwal joins a board that includes senior executives from Tata Group, independent directors, and domain experts in retail, finance, and technology
- His presence is likely to support Titan’s governance frameworks, ESG initiatives, and stakeholder engagement strategies
- The Board continues to evolve in line with global best practices, ensuring strategic oversight and operational agility
Recent Developments And Growth Momentum
- Titan reported strong Q1 FY26 results, with consolidated revenue rising 19 percent year-on-year to Rs 12,345 crore
- Jewellery segment led the growth, followed by watches and wearables, which saw double-digit expansion
- The company completed its acquisition of Damas in July 2025, adding over 100 stores across the Middle East to its global network
- Titan is also investing in omni-channel retail, AI-driven personalization, and sustainable sourcing across its product lines
Conclusion
Puneet Chhatwal’s appointment as Additional Director on Titan’s Board marks a strategic infusion of global hospitality and brand leadership into one of India’s most admired consumer companies. As Titan accelerates its journey into premium retail and international markets, Chhatwal’s experience and vision are expected to play a pivotal role in shaping its future. The move reflects Titan’s commitment to excellence, innovation, and governance as it continues to redefine lifestyle retail in India and beyond.
Sources: Titan Company Ltd official filings, Economic Times, Business Standard, Moneycontrol.
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