Titan Company Limited, India’s leading jewellery retail chain, announced that Ajoy Chawla, CEO of its Jewellery Division, will take over as Managing Director from C.K. Venkataraman, who is set to retire on 31st December 2025.

The decision was approved by the company’s Board of Directors during a meeting held earlier in the day. Venkataraman, who has been with Titan since 1990 and took over as MD in October 2019, will step down upon reaching the retirement age under the Tata Group’s policy.

Chawla will assume the new role starting 1st January 2026. A Tata Administrative Services officer from the 1990 batch, Chawla joined Titan in 1991 and has held several leadership roles over three decades. His contributions span the Watches Division, Strategy, Business Incubation, and most recently, Jewellery, where he oversaw a 2.5X growth in sales and profits since becoming CEO in 2019.

Chawla holds a Mechanical Engineering degree from VJTI Mumbai and a PGDM from IIM-Calcutta. His formal induction to the Titan Board and MD appointment is pending shareholder approval.

Commenting on the transition, outgoing MD Venkataraman said, “On behalf of the entire Titan team, I welcome Ajoy to lead Titan in its next phase of innovation and growth. With his strong customer obsession, people orientation, partnering impulse and focus on creating value, Ajoy is well qualified to shepherd Titan towards even greater glory and scale.”