New Delhi, May 8 -- Jewellery and watch retailer Titan Co. Ltd on Thursday announced a leadership change, naming Ajoy Chawla as its next managing director. Chawla, who currently heads Titan's jewellery division, will take over from C.K. Venkataraman, who is set to retire on 31 December 2025 upon reaching the Tata Group's superannuation age. Chawla's appointment is effective from 1 January 2026.

Chawla's ascension marks a strategic shift as he takes the reins after a period of significant growth in the jewellery segment, where sales and profits have more than doubled under his leadership since October 2019. The decision also comes as Titan reported strong financials for FY25, with total income up 22% to Rs.57,819 crore. In the March quart...