TTK Prestige Share Price

In India, no other manufacturer of kitchen and household appliances can compare to TTK Prestige Limited, a subsidiary of the TTK Group. The facilities at Hosur, Coimbatore, Karjan, Roorkee, and Khardi are some of the most advanced in the industry. Two separate labs are devoted to R&D there. Company products are widely available thanks to the robustness of the distribution system. It operates over 620 Prestige Xclusive retail outlets in over 363 communities throughout 28 states. TTK Prestige Ltd., formerly known as TT Pvt Ltd., was founded in Madras, India, in October 1955. In June of 1988, it was considered to become a public business. After rebranding in June of 1994, the company adopted its current moniker.

In 1959, with assistance from Prestige Group UK, it began producing pressure cookers at its facility in Bangalore, India. The firm established its second manufacturing facility in 1992 in Hosur, Tamil Nadu. As one of the first organized Indian corporate organizations to sell pressure cookers in the US under Indian-owned brand names, the firm has state-of-the-art facilities to ensure the highest quality of their product, which they have successfully introduced in the US market under the Mantra brand name. TTK Prestige completed a public offering in September 1994 at a premium of Rs 80 million to raise funds for the modernization of its Bangalore and Hosur manufacturing facilities, the partial financing of the capital expenditure requirement for the completion of the nonstick cookware project, the establishment of a fully functional corporate outfit — TTK Mantra in the United States to support the marketing of Mantra brand pressure cookers, and the satisfaction of the company's long-term working capital needs.

The firm partnered with the well-known Braun brand from Germany to promote its goods in that country.

Successful product launches for the company's Omega nonstick cookware line and the Nugen model pressure cooker occurred in 1999–2000. The firm began preparing to introduce household electrical appliances in 2000–01. With this in mind, the company has purchased a 26% strategic equity stake in Softel Machines Ltd, which will serve as a dedicated design, development, and manufacturing arm and help it enter the Electrical Appliances market.

In June of 2001, the company debuted four items from this line.

On June 7th, 2003, TTK Prestige announced to the stock markets that it planned to open 100 "Prestige Smart Kitchen" stores across India. The first store would be located in Coimbatore. The store would revolutionize how people shop for home appliances and feature the full range of products from Prestige. TTK Prestige announced to the stock markets on May 16, 2005, that the company had been granted permission to use the "Prestige" brand in the United States.

It will allow the company to sell pressure cookers under the Prestige brand in the United States, with a sizable demand from minority communities. The company is committed to serving the non-ethnic population of the United States by selling its 'Mantra brand products. TTK Prestige announced to the stock markets on June 7 that its newest product line, "Modular Kitchens," would be released in June 2005. Its 'Prestige Smart Kitchens' retail outlets are the sole distributors of Modular Kitchens. Do you want to know about The TTK Prestige Shares ? Click Here to know about today’s The TTK Prestige Share Price.