Tanishq Jewellery कैसे कमाता है सालाना ₹23,268 करोड़? | Tata Case Study Ep 2 | Rahul Malodia

CA Rahul Malodia: Business Coach
7 Dec 202218:54

Summary

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Takeaways

  • 😀 Titan Company, part of the Tata Group, saw a 60000% return on its shares since 1999, with Tanishq playing a pivotal role in this success.
  • 😀 Tanishq, despite initial struggles and a 150 crore deficit by 2000, turned into one of the leading jewelry brands in India.
  • 😀 The brand overcame challenges by focusing on the purity of gold and openly displaying its weight and purity, building customer trust.
  • 😀 Tanishq introduced free gold purity checking machines to ensure transparency and gained credibility among customers.
  • 😀 The 'Golden Harvest' scheme allowed customers to make installment payments for jewelry, making it more accessible.
  • 😀 Tanishq customized its jewelry offerings to cater to regional and cultural preferences, such as specific bridal jewelry for different communities.
  • 😀 Employee welfare and vendor management were key to Tanishq's success, with the company offering training, healthcare, and better working conditions for craftsmen.
  • 😀 Tanishq expanded its presence through large flagship stores and effective celebrity endorsements, boosting its recognition.
  • 😀 Despite extensive investments in infrastructure and employee welfare, Tanishq maintained cost-effectiveness by improving productivity.
  • 😀 The company’s strategic focus on cultural understanding, regional customization, and innovative marketing allowed Tanishq to thrive despite early setbacks.
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