Yes, TTK Prestige Limited is an Indian company. Under the “Prestige” and “Judge” brands, TTK Prestige is a manufacturer of cookware and kitchen appliances. The company’s pressure cookers are its most well-known product. The Prestige brand has become the most adored and well-known kitchen goods brand in India. It is currently a fully functional solutions business. In India, structured distribution was initially introduced by Mr. T.T. Krishnamachari. TTK Prestige has a long history dating back to 1955 and is regarded as one of India’s top producers of kitchen appliances.
| Detail | Info |
| Founded | 1955 (incorporated on October 22, 1955) |
| Founder | T. T. Krishnamachari |
| Headquarters | Chennai, Tamil Nadu, India |
| CEO | T. T. Jagannathan (Executive Chairman), Chandru Kalro (Managing Director) |
| Sector | Kitchen and Home Appliances (Cookware, Pressure Cookers, etc.) |
Company History
On October 22, 1955, TTK Prestige—then known as TT Private Limited—was established as a private limited company in Madras, which is now Chennai. In 1959, it started producing pressure cookers with technical assistance from the UK’s Prestige Group. In 1994, the business became public and adopted its current name. It is renowned for its creative marketing approach, whether it was the introduction of the exchange plan or the helicopter distribution of pamphlets in the 1950s.
Current Status
Over the years, the business has grown considerably and introduced numerous improvements to the kitchen appliance industry. As of right now, the TTK group has seven group firms, 30 product categories, and about 30 billion rupees in revenue. Every one of the seven continents offers the group firms’ products.
Future Outlook
Strong consumer trust and brand recognition for kitchen appliances. It has been able to establish consumer trust thanks to the dependability and caliber of its products. With more than 1,800 distributors and more than 35,000 retail locations in India, Prestige has a vast distribution network. The business has also increased its global presence, selling to over 30 nations, including the USA, UK, and Australia. Strong market penetration and product accessibility are guaranteed by this extensive network.
Product offers that are innovative and prioritize user-centric design. TTK Prestige has consistently prioritized innovation by launching goods that are suited to the demands of its customers. The focus on user-centric design has won multiple accolades, including the 2023 Good Design Award. The organization has talented personnel with manufacturing and R&D experience. Many of the more than 3,500 specialists have specific expertise in manufacturing, research, and development.
TTK Prestige spends about 3% of its yearly income on research and development, which comes to ₹60 crores (about $8 million) in FY 2023. Innovative technologies that improve product longevity and performance have been developed as a result of this investment. strong financial results and steady revenue expansion. TTK Prestige has demonstrated a high level of financial stability.