Since its inception in 1984, Titan Company Ltd continues to grow and set new standards for innovation and quality. With more than 1300 retail outlets across over 260 towns, having a carpet area of over 1.8 million sq. ft., it has India’s largest retail network.
Tata Tanishq Jewelry Franchise Wiki
Tanishq is a name synonymous with superior craftsmanship, exclusive designs, and superlative product quality. It is one of the most prestigious jewelry brands in India. Basically, Tanishq is a division of Titan – a company promoted by the Tata Group.
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Titan company launched the brand Tanishq by the end of 1980. However, the first Tanishq store comes in the year 1996 in India. Tanishq is the first jewelry retail brand in India.
Bollywood diva Deepika Padukone is the brand ambassador of the brand. As of now, the brand has more than 300 stores throughout the nation. Also, the brand earns potential revenue from exporting jewelry in foreign countries including the United Arab Emirates.
Tata Tanishq Jewelry Franchise Benefits
First of all, you must take into consideration that, Tanishq – A TATA undertaking, has trust associated with it. Therefore, it has a vast loyal customer base; as a result, you can expect constant customer flow to your Tanishq showroom.
Successful Business Model
Tanishq is India’s most prominent retail chain of jewellery stores, with 225 Tanishq jewellery franchise in more than 170 cities in the country. Hence, it can be said without any doubt that the brand has implemented a successful business model.
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Ensures Customer Satisfaction
Tanishq offers a wide range of products to its customers, thereby ensuring customer satisfaction. And every business owner is very well aware of the fact that customer retention.
Tata Tanishq Jewelry Franchise Cost
The investment amount for opening a Tanishq store highly depends on the location and store size. Tanishq operates as the largest jewelry retailer in India. It has over 218 exclusive Tanishq boutiques and Zoya stores. The investment in boutiques starts from 1.5 Crs.
Depending on the store size, the investment varies. Definitely, the investment is safe. The brand has tremendous equity and a large portion of the investment is in stock which is Gold. So, it always has a value at all stages of the business cycle.
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The Tanishq franchise investment has the potential of earning good profit. Due to the huge brand value of this national company, customers trust Tanishq in making a jewelry purchase.
Additionally, Tanishq offers the ‘Golden Harvest’ scheme where customers can deposit a small amount on a monthly basis. And at the end of the scheme, they can buy jewelry of the same amount from Tanishq. So, customers not only can plan the jewelry purchases much in advance but also can get them at a discounted price.
So, investing in the Tanishq franchise is a highly profitable opportunity for entrepreneurs in India.
Tanishq Franchise Business Model
Currently, Tanishq is eyeing to open more than 200 outlets in at least 130 new small towns in the next 5 years. As of now, the company has 275 exclusive boutique stores in 170 cities. Out of that 226 are the franchise and 50 outlets are company-owned. Opening a Tanishq shop in a small town cost around Rs 15-20 Crore, while a big-format outlet Rs 40-50 Crore.
Tata Tanishq Jewelry Franchise Requirements
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Tanishq emphasizes opening the stores or franchisees for that matter with Tanishq jewellery collection, diamond jewellery, gold jewellery, and other Tanishq brands like Caratelane, Zoya, etc. having space of almost 4500 sq. feet
Tata Tanishq Jewelry Franchise Profit
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
How to Apply For Tata Tanishq Jewelry Franchise
To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.
Tata Tanishq Jewelry FranchiseContact details
Q. Is it profitable or not?
Ans: It is fast moving consumer good products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business
The jewellery retail market is one of the pivotal industries that hugely support the Indian economy. Moreover, this industry has vast potential to grow exponentially in the near future. Therefore, you should not miss out on the opportunity to become a franchise partner of Tanishq.