TITAN:

• TATA Group
• Marketing watches and Jewellery
• FY 2003 : Debt of Rs.467 Crores : Debt equity ratio of 3.8 : PAT of 18.3 Cr Vs Interest outgo of Rs.41.3 Cr.
• FY 2012 : Debt of Rs.11 Crores : Debt equity ratio of 0.03 times. Cash and Bank Balance of Rs.967 Crore.
• Since 2003, steady reduction in debt – year on year, without compromise on growth.
• Since 2003, Networth increased 18 times and sales increased 11.8 times.
• Downsized loss making European operations.
• Share price appreciated over 100 times in last 10 years.