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2 Timex Group India Limited Investor Presentation November 03, 2026
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3 Disclaimer This presentation may contain certain forward looking statements concerning Timex’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to implement strategy and manage growth, competition (both domestic and international), market demand for products, successful operation of our sales channels, price of our raw materials, economic growth in India and the target countries for exports, ability to attract and retain highly skilled professionals, time and cost over runs, our ability to manage our operations, government policies and actions with respect to investments, fiscal deficits, regulations, etc., inflation, foreign exchange rates, interest and other fiscal costs generally prevailing in the economy. Past performance may not be indicative of future performance. We do not undertake to publicly update our forward-looking statements to reflect subsequent events or circumstances. Timex will not be responsible in any way for any action taken based on such statements. This presentation is not intended, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in Timex or any of its group companies or any other invitation or inducement to engage in investment activities, neither shall this presentation nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. The numbers & the contents in this presentation are purely indicative and subject to change.
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4 • The Company delivered a 47% growth over the corresponding quarter last year; During the half-year total income has grown by 40% over last year. • EBITDA grew to 1.5x while PBT grew to 1.6x over the corresponding period last year • Revenue growth was led by E-Commerce and Trade channels, especially distribution pushing ahead to grow in high double digits. • Timex brand led the growth across channels, continuing its dominance in the Indian market, straddling the world of legacy and fashion effortlessly • Tamannaah Bhatia joined Guess Watches as brand ambassador, strengthening its positioning as the ultimate fashion authority • TGIL continued to accelerate its success journey through focused investments in product innovation, global collaborations, and elevated consumer experiences across its channels Improvement in Financial Performance Robust Performance with Strong Profitability as well as Top Line Growth
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5 Q2’FY27 Highlights
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7 Tamannaah Bhatia for Guess Watches Guess named actor Tamannaah Bhatia as its new Watches Brand Ambassador. Bhatia embodies the spirit of the ‘Guess Girl’: effortless, glamorous, bold, and unapologetically confident in the way she owns every space she steps into. Rooted in the iconic Guess aesthetic, the brand's new campaign celebrates watches as an essential part of personal expression, bringing together the brand’s distinct language with Tamannaah’s contemporary style and influence. fashion credentials and connect with a new generation of consumers in India.”
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8 Tamannaah Bhatia for Guess Watches Tamannaah perfectly captures the bold and fashion-forward spirit of Guess,” says Paul Marciano, Co-founder and Chief Creative Officer of Guess?, LCC. The partnership with Tamannaah marks a new chapter for Guess in India, bringing a fresh expression of the brand to a new generation of style- conscious consumers. Through campaigns, social platforms and consumer experiences, Bhatia will bring the brand’s signature glamour, confidence and distinctive fashion sensibility to life. "Tamannaah Bhatia and Guess Watches share more than an aesthetic; they share an attitude,” shares Deepak Chhabra, Managing Director, Timex Group India. “Guess has always stood for bold self-expression, and Tamannaah brings that same confidence and individuality to everything she does.”
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9 Tamannaah Bhatia for Guess Watches In Media
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10 Timex x Delhi Times Fashion Week Timex India showcased its 170- year legacy on the runway at Delhi Times Fashion Week 2026 (DTFW '26), blending heritage watchmaking with contemporary fashion. The Showcase: Timex paired its timepieces with designer collections—including designer Mandira Wirk, who served as the grand finale designer for Day 2 of the event. The Theme: The runway appearance centered around the campaign motto "Make Time Yours," celebrating individual style, design evolution, and craftsmanship.
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11 Timex x Delhi Times Fashion Week Timex met the runway at Delhi Times Fashion Week '26 with Timex, bringing its 170-year legacy in watchmaking into the world of modern fashion. From timeless craftsmanship to contemporary personal style, Timex made every moment count. A celebration of time, design and individuality. A celebration of everything that has been created, everything still evolving, and the endless possibilities of fashion.
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12 Timex x Fender Timex launches two new Fender-inspired special-edition watches inspired by the guitar that helped shape modern music, this special-edition timepiece celebrates two milestones: 80 years of Fender and 75 years of the iconic Telecaster. Designed with details musicians will recognize instantly, the Timex TW6A14700X6 gets guitar-themed details such as a tone-knob-style crown and a second hand shaped like a Stratocaster headstock. On the other hand, the TW6A14600UJ features a brown wood-grain-inspired dial and an automatic mechanical movement.
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13 Timex x APL Pipers Timex joined Team APL for India's biggest table tennis league asOfficial Time Partner. The partnership delivered extensive brand visibility for Timex, both courtside and across social media. Key Players participated in creating content for the brand and showcased Timex watches on and off the court. The APL Pipers (owned by SG Sports and Entertainment and backed by the APL Apollo Group) operate multiple multi-sport professional franchises across India's premier leagues. Timex specifically serves as the timekeeping partner for the Ahmedabad APL Pipers in the Ultimate Table Tennis (UTT) league.
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14 Timex in Media Continued building the “Analog Life, Make Time Yours” narrative through lifestyle-first storytelling, festive campaigns and topical content, including Friendship Day gifting. Drove product desirability through product-led and content featuring key FW’26 collections, including Timex Atelier, Waterbury Heritage, Q Timex, E-Line and key collaborations like Todd Snyder Strengthened Just Watches brand desirability and fashion relevance through new collection launches across GUESS, Versace, Aston Martin, Timex, adidas and other key brands, supported by celebrity visibility and fashion-first creator collaborations
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15 Awards and Recognition Award-Winning Momentum Excellence and Growth recognized across the Board, with accolades from leading media, business partners, and industry forums Best Watch Brand 2026 Awarded by - Myntra Tech Threads Fashion Brand of The Year Awarded by - ET Retail Excellence in Business Transformation and Leadership Awarded by - Economic Times Industry Leaders 2026 Risk Management Awards 2026 Awarded by- 10th ICICI Lombard & CNBC-TV18 Watch Brand of the Year Awarded by - Jewel X
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16 Financial Performance
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17 • Total Income reported at Rs. 35,917 lacs for the quarter, registering growth of 47% over Rs. 24,404 lacs in the corresponding period last year. During the half-year total income has grown by 40% over last year. • EBITDA reported at Rs. 6,550 lacs during the quarter (grew to 1.5x) as compared to Rs. 4,291 lacs of last year. EBITDA for half-year is at Rs. 10,128 lacs as compared to Rs. 6,486 lacs last year. • Profit before tax for the quarter reported at Rs. 6,334 lacs (grew to 1.6x) as compared to Rs. 4,069 lacs of last year. Profit before tax during the half-year is at Rs. 9,712 lacs as compared to Rs. 6,056 lacs last year. • Other expenses include advertising & sales promotion expenses of Rs. 2,575 lacs for the quarter and Rs. 4,439 lacs for half year, compared to Rs. 1,635 lacs and Rs. 2,881 lacs respectively in the corresponding period last year. • Other expenses also include royalty of Rs. 1,551 lacs for the quarter and Rs. 2,354 lacs for half year, compared to Rs. 1,053 lacs and Rs. 1,760 lacs respectively in the corresponding period last year. Financial Performance Q2 & Half Year FY2026-27 Profit before tax grew to 1.6x for Quarter and 1.6x for half year
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18 TGIL Financial Performance – Quarter ended 30th Sep 2026 EBITDATotal Income - Quarter Rs. in lakhs Rs. in lakhs Growth: 47% 24404 35917 0 5000 10000 15000 20000 25000 30000 35000 40000 Q2 25-26 Q2 26-27 4291 6550 17.6% 18.2% 17.2% 17.4% 17.6% 17.8% 18.0% 18.2% 18.4% 0 1000 2000 3000 4000 5000 6000 7000 Q2 25-26 Q2 26-27 EBITDA EBITDA %
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19 TGIL Financial Performance – Half-Year ended 30th Sep 2026 EBITDATotal Income – Half-Year Rs. in lakhs Rs. in lakhs Growth: 40% 41329 57862 0 10000 20000 30000 40000 50000 60000 70000 H1 FY25-26 H1 FY26-27 Total Income 6486 10128 15.7% 17.5% 5.0% 7.0% 9.0% 11.0% 13.0% 15.0% 17.0% 19.0% 0 1000 2000 3000 4000 5000 6000 7000 8000 H1 FY25-26 H1 FY26-27 EBITDA EBITDA %
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20 Rs. in lakhs Total Income TGIL Financial Performance – Total Income Trend Company’s operations and financial results for FY22 were adversely impacted by Covid-19 due to which results are not strictly comparable. 26554 38378 42168 53982 80063 0 10000 20000 30000 40000 50000 60000 70000 80000 90000 100000 2021-22 2022-23 2023-24 2024-25 2025-26
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21 EBITDA TGIL Financial Performance – EBITDA Trend Rs. in lakhs Company’s operations and financial results for FY22 were adversely impacted by Covid-19 due to which results are not strictly comparable. 869 3859 3517 4968 11614 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 10000 11000 12000 13000 2021-22 2022-23 2023-24 2024-25 2025-26
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22 EBITDA % TGIL Financial Performance – EBITDA % Trend 3.3% 10.1% 8.3% 9.2% 14.5% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 2021-22 2022-23 2023-24 2024-25 2025-26 Company’s operations and financial results for FY22 were adversely impacted by Covid-19 due to which results are not strictly comparable.
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23 Financial Performance – Profit Before Tax Trend PBT Rs. in lakhs 322 2967 2776 4277 10194 0 2000 4000 6000 8000 10000 12000 2021-22 2022-23 2023-24 2024-25 2025-26 Company’s operations and financial results for FY22 were adversely impacted by Covid-19 due to which results are not strictly comparable.
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24 30-Sep-23 31-Dec-23 31-Mar-24 30-Jun-24 30-Sep-24 31-Dec-24 31-Mar-25 30-Jun-25 30-Sep-25 31-Dec-25 31-Mar-26 30-Jun-26 30-Sep-26 Promoters 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 59.93% 59.93% 51.00% 51.00% 51.00% 51.00% Institutional Investors 0.38% 0.78% 0.92% 0.63% 0.23% 0.12% 0.12% 1.25% 2.09% 2.51% 1.83% 3.88% 4.62% Public & other shareholding 24.69% 24.29% 24.15% 24.44% 24.84% 24.95% 24.95% 38.82% 37.98% 46.49% 47.17% 45.12% 44.38% Total 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Total no. of shareholders 46,220 45,866 45,986 46,735 46,713 48,344 47,703 52,187 53,733 64,649 63,306 67,278 76,318 Number of Shareholders Shareholding Pattern Shareholding Pattern 46,220 45,866 45,986 46,735 46,713 48,344 47,703 52,187 53,733 64,649 63,306 67,278 76,318 45,000 50,000 55,000 60,000 65,000 70,000 75,000 80,000 30-Sep-23 31-Dec-23 31-Mar-24 30-Jun-24 30-Sep-24 31-Dec-24 31-Mar-25 30-Jun-25 30-Sep-25 31-Dec-25 31-Mar-26 30-Jun-26 30-Sep-26
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25 Market Capitalization Note: The market capitalization is based on BSE closing prices at the end of the period Market Capitalization Timex Share Price vs. BSE Small Cap5-year CAGR: 57% 47,850 1,10,439 1,54,100 1,39,210 3,58,726 7,27,345 - 2,00,000 4,00,000 6,00,000 8,00,000 Sep-21 Sep-22 Sep-23 Sep-24 Sep-25 Sep-26 Market Capitalisation (Rs. in lakh) 55000 56000 57000 58000 59000 60000 500 550 600 650 700 750 01-Jul-26 16-Jul-26 31-Jul-26 15-Aug-26 30-Aug-26 14-Sep-26 29-Sep-26 Timex BSE Small Cap
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26 About Timex Group
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On the View tab, check the Guides option. Keep all slide content within the red guides. 27 An Introduction to the Most Consumer-focused Watch & Jewelry Maker in the World ESTABLISHED 1854 27
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29 We are America’s oldest watchmaker. In 1854, as the Waterbury Clock Company, we combined traditional European watchmaking with American industrial ingenuity to disrupt a 300-year-old industry and make quality attainable for millions. For generations, we’ve brought consumer focus, innovative craftsmanship and thoughtful design to market. Today, we design, manufacture and distribute watches and jewelry for the world’s most iconic brands. 15+ Global Brands 2.7 Billion Accessories Sold 120 Distributors 2,000+ Global Employees Waterbury Clock Tower 29
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30 Our Experience and Market Behavior Differentiate us From our Competitors in Partnering with Top Global Brands Selective Brand Portfolio Private ownership with long-term view serving high-quality and selective brand portfolio Dedicated Teams Dedicated brand marketing and product teams create unique design concepts and tell brand stories Custom Distribution Deliberate route-to-market on our network of affiliates and distributors aligned with brand positioning End-to-End Control Tight end-to-end control of distribution standards and inventories avoids over-distribution and excessive promotions 30
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31 Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain 31
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32 Courage is the Catalyst that Transforms an Ordinary Creation into an Extraordinary Masterpiece. –Giorgio Galli, Chief Creative Director For over 20 years, Giorgio Galli has been one of the most dynamic watch designers in the industry, his name synonymous with innovation, originality and imagination. His success comprises his passion for graphics and design, the ability to create strong, unique identities and a focus on pioneering technology. Giorgio Galli might be considered the Jony Ives of modern watch design. Timex Pushes Boundaries with Giorgio Galli S2 The Giorgio Galli collection takes the concept to another level. Galli set his sights not on what had been, but what was to come. 32
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33 Immersed in brand DNA and connected to consumer expectations, the design team focuses on individuality and relevance to bring brands to life. Every piece tells a story, written to excite consumers and take them on a journey. The perfect accessory can lift you up and make you feel anything is possible. For consumers, each piece is cherished part of their identity, and we strive to ensure it is more than the sum of its parts. Design Fuses Consumer Expectations with the Brand DNA 33
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Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain 34 34
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We Engage Consumers Worldwide with Compelling Marketing Stories We believe every accessory is a tangible icon of a brand’s story. We fully integrate marketing across the globe and across channels to bring brands to life. Accessories give consumers the opportunity to make the brand part of their story, by amplifying yours. 35
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36 POS Execution Drive global brand consistency and visibility with flawless execution on and offline Newsroom & Social Media Enrich content and product stories for superior editorial coverage & integrated marketing execution Digital & Performance Marketing Amplify storytelling through digital performance marketing The Art and Science of Marketing Fuses Consumer Experience, Storytelling and Performance Marketing 36
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Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain 37 37
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Our Comprehensive Network of Brand Distribution Provides Global Reach and Localization 5 Regional Hubs 9 Global Affiliates 120+ Global Distributors 22,000+ Points of Sale 38
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We have Unparalleled Partnerships and Access to the Right Distribution in Each Market • Our own affiliates provide portfolio leverage and control in critical markets • We utilizes more than one distributor in many markets to ensure account access is matched to brand positioning • Our Distributors have brand portfolios that match and elevate the positioning of our brands 39
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Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain 40 40
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41 We Have 170 Years of Experience and a Modern Global Supply Chain Each product starts with an idea and raw materials. From movement R&D through the entire supply chain process, we have fully integrated capabilities to ensure control, innovation and legendary quality at every stage. Shelton, CT, USA Timex Group HQ Besancon, France Movement Production Pforzheim, Germany Research and Development Lugano, Switzerland Watchmaking India Manufacturing Cebu, Philippines Manufacturing 41
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42 We’ve Built our Agile Supply Chain around Unique Brands and Changing Consumers We’ve Optimized Manufacturing Lead Times, and Minimum Quantiles Agile manufacturing lines allow for immediate change-over and small quantities to react to trends and consumer demands. Made-to- order pieces and ad-hoc dial printing and plating allow for low quantity customization for regions, retailers and individual consumers. Reimagined Inventory and Lines Provide ‘Never Out of Stock’ Fast Replenishment Watch Studios enable full watch assembly by a sole craftsperson allow rapid style switching. A lean inventory pull system ensures fast replenishment of top styles and enables ‘Never out of Stock’ sales inventory management. Rapid Design and Planning Increases Speed to Market without Sacrifice Our robust and integrated S&OP process allows for development timelines as quick as 2 weeks. Proprietary digital product development systems provide, rapid qualified designs, immediate BOMs, and sample-free selling 42
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43 In the heart watchmaking, Ticino, Switzerland, Timex Group Atelier creates our most precious timepieces. Forty watchmakers and support staff combine traditional Swiss craftsmanship with modern innovation to bring the unquestioned quality and allure of “Swiss-Made” to any brand in the group. Timex Group Atelier serves as a center of innovation within the group and an anchor of forward thinking in the region with ISO 14001 accreditation for Environmental Management and an in-house watchmaking school. Timex Group Atelier is at the Center of Swiss Production Excellence 43
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44 About Timex Group India Limited
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45 Joint venture between Timex Group and Jayna Times Industries Ltd.1988-1990 1990-2000 Since 1994 Joint Venture with Titan Company. JV ended in 2000. Public Limited Company listed on Bombay Stock Exchange. Subsidiary of Timex Group Luxury Watches B.V.Since 2000 Timex Group India Limited (TGIL) is a group company of Tanager Group B.V. (formerly known as Timex Group B.V.) Having entered India in 1988, Timex Group India today has one of the most powerful portfolios of brands in the watch industry. With technological innovation and cutting-edge design, we recognize the tremendous opportunity to leverage the reach and appeal of each brand’s individual identity, personality, and customer base. Locations Noida [Headquarters], New Delhi [Registered Office] Baddi, Himachal Pradesh [Factory] Regional Sales Offices – Noida, Mumbai, Kolkata, Bangalore, Chennai 45 About TGIL
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46 Experience: 24+ years Qualification: B. Sc. (Computer Science) - University of Alabama & a Juris doctorate from Washington & Lee University David Thomas Payne | Chairman Experience: 28+ years Qualification: Footwear technologist & Marketeer Deepak Chhabra | Managing Director 46 TGIL Board of Directors Experience: 25+ years Qualification: BA in Economics from Delhi University, MBA from IIM Lucknow Meeta Makhan | Independent Director Experience: 36+ years Qualification: BA in Political Science (Honours) from St. Xavier’s College, Ranchi, MBA in Personnel Management & Marketing from BIT, Mesra, Ranchi and a Diploma in Performance and Talent Management from Harvard Business School, Boston, USA Sanjeev Kumar | Independent Director Experience: 28+ years Qualification: Master’s degree in Telecommunications & Software Architectures from BITS, Pilani, a Bachelor’s degree of Engineering in Electronics and Telecommunications from College of Engineering, Pune Dhanashree Bhat | Independent Director Experience: 30+ years Qualification: An Electrical Engineer and a Masters in Business Administration Marco Zambianchi | Non-Executive Director
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47 One of the strongest portfolios in the watch industry across consumer segments Brand Portfolio 47
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48 A strong network of sales touchpoints that enable TGIL to reach consumers across the country 48 Powerful Distribution Network 5024 351 845 41 185 Multi Brand Large Format Defence Canteen Retail Luxury Retail
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49 Baddi Plant: Superior Watchmaking & Supply Chain Assembly of watches from piece parts to complete watch. Handling over 150 types of movements and a wide array of cases / dials / attachment types. Includes assembly of Analog Quartz, Mechanical, Digital, Ana-Digi, & Connected watches. The unit produced about 4 Mn units last year with capacity increased to 6 Mn units, in a single-shift operation, this year. Online and Offline Assembly capability to accommodate both high & low volume movements. Timex is Government e-Marketplace (GeM) registered. A state of the art, SA8000: 2014 and ISO 45001:2018 certified, watch assembly unit in Baddi, Himachal Pradesh, India 49
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50 TGIL After Sales Service Pan India locations supported by a Customer Care Call Centre service 50 5 12 164