Avnish Anand, who serves as Caratlane's chief operational officer, has been promoted to CEO with immediate effect.

A Titan subsidiary, CaratLane is an unlisted private firm that primarily manufactures and retails jewellery. Titan announced that it was buying 91.90 lakh equity shares in CaratLane, giving them a 98.28% ownership in the business.

It is the brand’s 7th outlet in the state of Gujarat

The revenue growth was driven by improvement in marketing efficiencies, leveraging of the omni-channel sales network and strong product launches

Plain gold jewellery recorded higher growth in Q2 FY22 than studded jewellery, while studded jewellery is yet to reach pre-pandemic levels

CaratLane, the Titan Co. majority owned online retailer, has appointed Co-Founder Avnish Anand, as its Chief Operating Officer

India’s Leading Omni-Channel Jeweller, CaratLane, Launches A One-Of-A-Kind Design Competition- CaratLane Designathon!

Titan’s Q3 jewellery sales grew by 16% (excluding gold bullion sales of Rs.340 crore) to Rs.6,249 crore

India's leading omni channel jeweller has launched its 8th store in Mumbai

This also marks its 79th store in the country and 24th in the southern region

Situated at S.P Marg, an eminent area in Prayagraj, this outpost of CaratLane will benefit shoppers who are looking for modern and unique jewellery and the opportunity to try it before they purchase

With this unveil, the jewellery brand has presence with 13 stores in the Eastern region and 69 in the country

With this latest addition, CaratLane now has 7 stores in Mumbai, 15 in the Western region of India and 62 across the country

When Mithun Sacheti founded CaratLane 10 years ago, ecommerce was at its infancy in India and no one could have imagined that Indian consumers would be ready to buy jewellery online.