Titan Company Limited, a premier jewellery retail chain in India, has declared that Ajoy Chawla, the CEO of its Jewellery Division, will succeed C.K. Venkataraman as Managing Director, who is scheduled to retire on December 31, 2025.
The company’s Board of Directors ratified this decision during a meeting convened earlier today. Venkataraman, who joined Titan in 1990 and became the Managing Director in October 2019, will step down once he reaches the retirement age established by Tata Group’s policies.
Chawla will begin his new position on January 1, 2026. A member of the Tata Administrative Services from the 1990 batch, Chawla has been a part of Titan since 1991 and has occupied various leadership positions over three decades. His achievements cover the Watches Division, Strategy, Business Incubation, and most recently, Jewellery, where he led a 2.5X increase in sales and profits since taking on the role of CEO in 2019.
Chawla earned his Mechanical Engineering degree from VJTI Mumbai and completed a PGDM from IIM-Calcutta. His official inclusion on the Titan Board and appointment as MD is subject to shareholder approval.
In regard to the leadership transition, outgoing MD Venkataraman stated, “On behalf of the entire Titan team, I extend a warm welcome to Ajoy as he prepares to guide Titan into its next era of innovation and growth. With his strong customer focus, people-oriented approach, partnership mindset, and commitment to value creation, Ajoy is highly equipped to lead Titan to new heights and expansion.”