Timex Group India Ltd
Timex Group India Ltd Company History
Timex Group India are manufacturing and trading of watches and rendering of related after sales service. The Company’s manufacturing facility is located at Baddi, Himachal Pradesh. The Company also provides information and technology support services to the Group Companies.
2001
Launches its website www.timexindia.com
Timex Watches B.V. acquires 1,70,00,000 equity shares of Rs 10/- each for cash at a premium of Rs 0.70 each on preferential basis on September 18, 2001. Their post-preferential holding in the Company along with the holding of its Associate Company (the promoter) stands at 6,43,34,100 shares (79.47%)
Launches Matrix collection for the Indian mass market
Bhagwan C Mirani resigns as director
Picks up a one-year sponsorship of a cricket analsysis programme, Wisden 2020, on Doordarshan
2001
2002
Board approves preferential allotment in favour of promoter company
Launches its big and bold watches at a price of Rs 1,395-Rs 2,195
2002
2003
Timex Watches Ltd has informed that Mr Kapil Kapoor, the Managing Director of the company shall relocate to the corporate headquarter at Middlebury, USA effective August, 2003 and be part of the corporate marketing team for better integration of Indian operations with the global operations. Further the company has informed that Mr Kapil Kapoor shall continue to be the Managing Director of the company
The Board of Directors of Timex Watches Ltd at their meeting held on March 25, 2003 decided to issue and allot 25,00,000 0.1% Non-Cumulative Redeemable Preference Shares of Rs 100 each to Timex Watches B V.
Board approves capital restructuring
Superbrands Council, an independent body mandated to recognise excellence in branding has given a Superbrand status to Timex Watches India Ltd.
Timex Watches Ltd has tied up with Reliance Infocomm for the festive season and would be providing a Reliance India Mobile (RIM) handset with connection free of cost, on purchase of a watch priced about Rs 845.
approval of its financial restructuring scheme (FRS), Timex Watches Ltd, a group company of Timex Corporation USA,
Timex Watches has opened a new vendor plant in Noida, near Delhi
FCUK ties up with Timex for marketing
2003
2006
Timex launches Versace in India
2006
2007
Company name has been changed from Timex Watches Ltd to Timex Group India Ltd.
2007
2009
Timex Group India Ltd has informed that Mr. Pradeep Mukherjee has been appointed as an Additional Director of the Board.
The above changes are effective July 30, 2009.
2009
2011
Appointed Mr. Kapil Kapoor as Chairman of the Company.
2011
2012
Mr. Sachin Selot has been appointed as Chief Financial Officer of the Company.
2012
2013
Gary Piscatelli has been appointed as the Chairman of the company.
Timex Group India Ltd -Registered Office of the Company has shifted to:JA - 1203, 12th Floor, DLF Tower A, Jasola, New Delhi - 110025.
2013
2014
Mr. Ryan Todd Roth has been appointed as an Additional Director and Vice Chairman of the Company.
2014
