Speaker: Sumant Sood

1. Titan Company Limited
Innovation a way of Life
Unleashing Innovation Summit
1st December 2016

2. 1992 Timex JV
1996
2003
2007
2010
2005
1998
PED
2005 2008
2009
1987
2011
2013
1984 Conceived
Perfumes
Accessories
2
The Journey

3. Raga: Inspired by the
modern woman who
transcends roles with
poise and elan
Edge : the slimmest
watch in the universe
- a mere 3.5mm
Nebula: A collection
of watches crafted
from solid gold
Titan Automatic
inseparable from
world-class
timekeeping
Zoop: for the
imaginative, talented
and energetic child of
today
Xylys: Swiss
made watches,
Crafted for
Connoisseurs
Fastrack: For
those who wear
their attitude on
their wrist
Sonata Super
Fibre: For the
young and active
Titan Juxt:
Smart is now
Stunning
Watches

4. Mia: Jewellery for Modern Working Woman
Tanishq Wedding
Collection pays eloquent
tribute to the Indian bride.
From the magnificent polki
and kundan work favored
by brides of the North to
the vankis and the unique
hair ornaments of a South
India bride.
Goldplus provides wide
range of jewellery at
affordable prices. It offers
the best value on
exchange for gold
jewellery, 100% buyback,
net weight of gold and
stones are weighed
separately.
Zoya draws inspiration from this
exquisite fabric to bring out a
collection of superbly designed, finely
crafted masterpieces.
Jewellery

5. Frames
In-house Brands
Sunglasses
In-house Brands
Eyewear

6. Precision Engineering Components and Sub Assemblies (PECSA)
Machine Building & Automation (MBA)
Precision Engineering

7. Manufacturing facilities
• Hosur
Pantnagar
• Dehradun
Goa .
Roorkee
Coimbatore.
Bommasandra . • Chickballapur
7

8. Largest watch maker
Times in Forbes Fab Asia 50 list
$5 bn Market Cap ~
$2 bn Revenue ~
4
Stores with 1.75 mn sft
11k+ Multi brand outlets
7.5k+ Employees on roll
4
5th
1316
Titan Today

9. Innovation happens when…
• Believe in the impossible
– Challenging questions
• Believe in your people
– Empowerment
• Skill people
– Tools and techniques 9

10. INNOVATION @ TITAN
10

11. Enablers of Innovation
Culture
Non – hierarchical, informal, Open and transparent,
Freedom to fail
People:
Age and gender diversity. Talented and entrepreneurial
workforce
Process
Generating and capturing ideas, Evaluation, Experimenting
Formal process for Cross‐Pollination, Measuring Innovation
11

12. Enablers of Innovation
Strategy
Innovation thrust in short and long term including an
approach for identifying new opportunities,
Review mechanism for innovation
Innovation Pipeline
12

13. Governing Structure
Innovation Council
Inspiring and sensitizing
Managing Director
&
Titan Management Council
Business Model Innovation
1. Innovation enablers
2. Enhance capability to innovate
3. Idea generation & selection
4. Rewards & Recognition
5. Measurement on innovation
13

14. Innovation Enablers
Innovation Bazaar InterWeave
Daily Mail on
innovation
Innovation
newsletter
14
Ignitor

15. Enhance capability to innovate
Innovation School
Innovation Centre
15

16. Innovation School of Management
16

17. Idea generation & selection
Seed
Ignitor
CWS ‐
Innoverse
Innovation
Hub
IITM Research
Park
What’s
New?
17
Central
Technology
services
Centre for Centre for
Innovation and
Technological
Excellence

18. Rewards & Recognition
Innovista &
External
Awards
MOF
Dream Team
Outstanding
Titanian
IScM
Graduates
18

19. Measurement of innovation
19
Employee Engagement Survey

20. TITAN INNOVATION ENGINE
20
Process + Toolkit
=
Innovation as a way of Life

21. Titan’s definition of Innovation…
“Novel or Pioneering
Processes , Products or Business‐Models
that deliver Elevating Experiences for the people we
touch
or create Significant Impact & Value”
21

22. TITAN EXAMPLES
22

32. 32

33. Q & A
SUMANT@TITAN.CO.IN
33