Titan Industries was established in 1984 as a joint venture between Tata Group and TIDCO. It is the largest watch company in India and fifth largest in the world, manufacturing over 100 million watches across 30 countries. Titan's CEO is Bhaskar Bhatt and it was founded by Xerxes Desai. The company segments its brands according to lifestyle, socioeconomic group, and personality. Some of its main brands are Titan, Fastrack, Sonata, and Tanishq jewelry. Titan has seen strong financial growth in recent years with 57.5% sales growth last quarter and projected sales of $1 billion next fiscal year.