What we do Timex Group India Limited designs, manufactures, and sells watches across value, fashion, and luxury segments through analog, smart, and premium collections. |
Founded in 1,988 |
Market share Strong presence in Indian watch market with leading analog segment and growing luxury and tech-enabled smartwatch share. |
Problem solved Offers quality, affordable, and fashionable timepieces addressing varied consumer needs from entry-level to luxury smartwatches. |
Top clients or who we serve B2C consumers across India through retail, e-commerce, and licensed international fashion brands. |
Key management Deepak Chhabra (Managing Director), David Thomas Payne (Chairman), Meeta Makhan (Independent Director) |
Our journey and innovations Since 1988, expanded product lines including Timex core, luxury fashion brands, smart wearables, collaborations, and premium collections. |
Where we operate Primarily India with growing presence in international markets; manufacturing units in Himachal Pradesh, India. |
Top products or what we offer Flagship watches include Timex Core, Marlin, Waterbury, Q series, Helix, TMX, fashion brands like Guess, Versace, and smartwatches. |
Top brands Timex core franchise (#1 analog brand in segment), Helix (youth fashion), TMX (value segment), Guess and Versace (premium fashion), Nautica, Ferragamo. |
Raw materials needed Components include watch movements, cases, dials, bracelets sourced globally, including Japanese automatic movements. |
Raw materials supplier Multiple global and domestic suppliers, efforts to localize vendor base to mitigate currency and supply risks. |
Recurring vs cyclical contribution Revenue driven by both recurring watch sales and cyclical fashion/luxury demand with growing subscription-like OEM contracts. |
Our industry position Among top watch manufacturers in India, with leadership in analog segment and significant growth in luxury and smartwatch domains. |
Financial highlights FY 2024-25 revenue ₹539.8 Cr (+28%), PAT ₹31.42 Cr (+54%), strong margin improvement, robust EBITDA growth. |
Geographical revenue split India contributes ~97% revenue; international segment around 3%. |
Order book - |
Whats driving growth Innovation in product lines, brand expansions, e-commerce channel growth, and premiumization trends drive sales momentum. |
Our future plans Expand premium and tech product offerings, enhance e-commerce presence, develop new licensed brands, and grow OEM services. |
Our green promise Committed to certifications like ISO 14001 and sustainable manufacturing at Baddi facility. |
Our people and values 323 employees fostering a transparent, inclusive culture with low attrition and focus on continuous development. |
Key challenges ahead Global economic headwinds, supply chain risks, increasing competition, evolving consumer preferences, and counterfeit products. |
Interesting facts Timex revolutionized watch industry with $1 watch democratizing timepieces; 170 years of brand heritage. |
Risks and strategy Mitigates forex, supply chain, and digital transformation risks through vendor diversification, innovation, and strong governance. |
