Mia by Tanishq: Jewellery to Entice the Working Woman in India

In 1995, Titan launched the first branded range of jewellery - 'Tanishq' - in India's highly fragmented and disorganised jewellery market. Tanishq performed exceedingly well, attracting a large customer base that was assured of quality and purity. However, the jewelry business faced challenges on account of customer sentiments being impacted by inflation, uncertain economic conditions and rising gold prices. There was also concern that the young Indian woman was disinterested in jewellery. To address these issues, as well as expand the company's reach and customer base, the Tanishq team identified a hitherto neglected segment - working women. Within 12 months, it conducted activities ranging from customer segment identification and understanding, as well as defining the proper distribution channels, and launched 'Mia' - "the Tanishq for work wear, for the working women". Mia's design and retail strategy continues to evolve three years after its launch. But despite its growth, it is almost impossible to identify the market size of potential Mia customers. Moreover, the needs of these target consumers' are changing rapidly, and so, refreshing the range, while maintaining its affordability, is a challenge. How large would Mia's market be? Can it become a brand in its own right? Could it be the next Tanishq for Titan?

• Product distribution
• Branding
• Market analysis
• Market positioning
• Growth strategy
• Market segmentation
• Pricing strategy
• Marketing management