2. Tanishq is a brand of jewellery retail stores in India. The
brand is the property of Titan Company, which is back
by Tata Group
Tan' meaning body and 'Nishk' meaning a gold ornament.
The name Tanishq was chosen by Titan's first
managing director Xerxes Desai.
The tagline of ‘Tanishq’ is ‘Pure Jewellery Pure Joy‘, ‘Pure
India Pure Tanishq.’
TANISHQ
3. 1980
Titan launched Tanishq, focused largely on exports to
European and American markets, in an attempt to
increase its foreign exchange reserves.
1996
Tanishq opened store in INDIA. Tanishq started with
the launch of 18k gold Tanishq was the first jewellery
retail chain in India. The first years of Tanishq recorded
consistent losses.
2003
Tanishq was among the top 5 retailers in India,
2008,
Tanishq had 105 stores in 71 cities in India.
HISTORY
4. HISTORY
2011,
the Tanishq group launched the sub-brand called Mia
for working women
April 2014,
the brand started to export to the United Arab
Emirates.
2017,
Tanishq launched a sub-brand called Rivaah targeting
the wedding segment. Tanishq launched the sub-brand
Mirayah to cater to women under their 40s
December 2022,
Tanishq had 385 retail stores nationwide, and
announced the opening of 45-50 stores by the end of
2023.
5. Product
Focus on affordability, purity &
transparency
Separate product line for men &
women
Customized new designs
Price
Cost leadership strategy
Reduce acquisition cost
Reduce conversion cost
Reduce carrying cost
Credit policy in line with harvesting cycles
Differential pricing strategy
Place
display jwellery in shops on
rent-cum-commission basis
Online format
Promotion
Use of innovative methods
Involvement of village opinion leaders
Focus on women centric festivals
MARKET MIX
6. Strength
1.Strong backing of the Titan Industries of the
Tata Group
1.Excellent branding and advertising through
TVCs and print ad campaigns
2.Association with celebrities as brand
ambassadors to reach out to the customers
Weaknesses
1.Limited global presence as
compared to a few other
international brands
2.Tough competition from
other jewelry brands means
limited scope of growth
Threats
1.Economic fluctuations
mean people decrease
their spending
2.Govt policies, taxes etc
also affect the premium
jewellery segment
SWOT ANALYSIS