It is the world's fifth-largest integrated watch manufacturer. The company was formed as a joint venture between the Tata Group and Tamil Nadu Industrial Development Corporation. Its businesses include watches, jewellery, eyewear, and precision engineering.
In Q4FY10, the company registered healthy growth in volumes in the jewellery segment, despite high gold prices, pointing to a revival in consumer sentiments.
To avoid duplication of efforts in the retail area, the company has introduced the integrated retail services function. In the coming years considerable benefits are expected to accrue from the integration of retail services activities.
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