BP Tanishq Ppt
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SUBSIDIARY OF TITIAN INDUSTRIES
Presented by RUHE
EVOLUTION OF TANISHQ Titan came into existence in July 1984, when the Tata Group joined hands with the Tamil Nadu Industrial Development Corporation (TIDCO) to make a foray into the watch industry. Titan started manufacturing jewellery watches and jewellery in 1994. It set up its fully integrated Rs. 400 million-jewellery plant in Hosur. The plant had the capacity to manufacture four tonnes of gold in a year.
CONTD.. . Titan launched these products under the brand name of Tanishq, in 1995. The name Tanishq, is a blend of two words, 'tan' (body) and 'ishq' (love). Xerxes Desai, the Vice-Chairman and Managing Director.
Introduction Tanishq is India's largest, most desirable and fastest growing jewelry brand in India. Started in 1995, Tanishq is the jewelry business group of Titan Industries Ltd - promoted by the TATA group. With a retail sales of over 3000 crores last year. Tanishq has set up production and sourcing bases with through research of the jewelry crafts of India. .
Introduction Located at Hosur, Tamil Nadu, the 1,35,000 sq. ft. factory is equipped with the latest and most modern machinery and equipment Tanishq introduced innovations like Karat meter, the only non destructive means to check the purity of gold.
Contd . FIRST TANISHQ JEWELLERY STORE IN CHENNAI IN 1996 SOURCE OF GOLD: WORLD GOLD COUNCIL CORPORATE OFFICE: AIRPORT ROAD HEAD QUARTERS: HOSUR- TAMIL NADU
Customer relationship management Tanishq is not just the product, its the experience that matters. They make sure that they give you the premium quality of not only product but service as well. They offer the benefit of any modification or customization on products.
CORPORATE IMAGE AND BRANDTANISHQ creates its buy by Emphasizing on pure 22 carat gold jewellery Lower labour prices Distribution through company owned outlets Image supported by TATA enterprise ( parent company)
MARKETING MIXProduct Focus on ethnic Indian jewellery Indian and International segment of products with varieties like bridal collection, party wear etc. Issue purity certificates along with items
Graph showing the total sales of TANISHQ from 1997 to 2007
PROFITS GENERATEDYEAR1996-97 1997-98 1998-99 2000-01 2001-02 2002-03
PROFITS GENERATED (IN CRORES)-10.60 -21.96 -10.40 2.07 1.87 7.82
TANISHQ WITH OTHER JEWELLERS
TANISHQ SWOT ANALYSISSTRENGTH Purity (karat meter) Distribution network and retailing store Award winning designs Diversity in jewellery gold/diamond/platinum Competitive prices
Weakness Limited outlets Not for me perception Design conceptualized for Western markets Negative Perception: products were over priced and the brand only for RICH
Opportunities Changing lifestyles that demanded lighter and trendier jewellery TATA support Wedding market
Threats Well known domestic players like pc jewellers, zaveri. Traditional family jewellers Heavy competitions Local jewellers
MARKETING STRATEGYTanishq has undertaken the following marketing initiatives Introducing wedding/ heritage jewellery Celebrating important festivals Customer schemes Launch of Gold Plus Providing quality assurance and introducing carat meter
COMMUNICATION MIX Print Media [ Vogue, Femina] Display Media Event and Experiences Online Selling Fashion Shows International Jewellery Fairs
SALES PROMOTIONS TANISHQ launches Free Gold Coin Campaign offer(July 19 2008)
TANISHQ is a perfect gift for your sister ( august 182007)
Celebrate DHANTERAS with exquisite jewellery from TANISHQ ( October 10 2006)
TANISHQ has won 4 awards Retail chain of the year 360 degrees marketing campaign of the year TV campaign of the year Gold Vivaha jewellery