Tanishq expands retail presence with two stores in Mumbai

By

Maverick Martins

Published
Jun 27, 2018

Tanishq, India’s largest jewellery brand from Tata Group has expanded its retail presence with addition of two new exclusive stores in the city of Mumbai.
 

The new stores at Dombivli and Panvel will house latest jewellery collections from Tanishq in silver, gold and diamond.
 
Commenting on the launch of Tanishq stores Rajan Amba, Retail Head, Tanishq in a statement said, “It gives me great pleasure to announce the launch of our two latest Tanishq stores in Mumbai. Mumbai has always been special for the Tanishq family and with the launch of these two stores we are hoping we will keep our customers updated with the unique designs.

“Also, on this happy occasion, Tanishq is pleased to introduce zero loss exchange offer to enhance shopping experience of any customer walking into the stores,” he added.
 
The Tanishq brand has witnessed strong on-ground sales performance over the last few months with its buying capacity of first-time customers, who would earlier spend Rs30,000-40,000 (approx $4500 to $6000), going up to Rs 3-5 lakh.
 
Titan Ltd, the parent firm of Tanishq is rapidly expanding across the country eyeing 10 percent share in the jewellery market in India. The company has set target revenue of Rs 40,000 crore from its jewellery business over the next five years.