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Titan's success story casts doubts over the conglomerate model
New Delhi, March 8 -- In a $110 billion group, comprising 30 companies scattered across such diverse areas as steel and software, who would have thought that a small watch company would emerge as the second largest in terms of market capitalization and the fastest growing over the last three years? Yet, this week, as a Business Standard story pointed out on Monday, 4 March, Titan's market cap scaled '90,000 crore, well below that of software heavyweight Tata Consultancy Services (TCS), but nearly 60% more than that of revenue giants Tata Steel and Tata Motors. Titan's success is the story of steady and sterling leadership by two men, Xerxes Desai and Bhaskar Bhat, who helmed the company for all its 34 years in business. Desai, the man who w...
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