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INDIA'S TITAN INDUSTRIES AIMS TO BE BILLION DOLLAR CO END FY 08.
NEW DELHI, July 1 Asia Pulse - On the back of robust growth in jewellery and watches business, Tata group's Titan Industries(US$BSE:500114) is aiming to become a billion dollar company by the end of this fiscal year.
The company has also charted out store expansion programs for its jewellery, watches and eye wear divisions in India, besides planning to enter the US market with the Tanishq brand of jewellery in the US by next month.
"Last year we had turnover of Rs 30 billion (US$699.15 million) and this fiscal we are looking at crossing Rs 40. billion mark. By then we would have become a million dollar company," Titan Industries ltd Vice-President Retail and Marketing V Govind Raj said on the sidelines of Pure & Play Retail Summit.
Last year the company's jwellery division had clocked about Rs 20 billion revenue, while that of the watches was at about Rs 10 ...
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Source: HighBeam Research, INDIA'S TITAN INDUSTRIES AIMS TO BE BILLION DOLLAR CO END FY 08.