There's a little known side to this. After Titan started, it systematically poached & bribed mid - to - high level designers in HMT to filch watch designs, etc and made record profits. It made headlines in the late 1980s - early 1990s. Several HMT officials were arrested.
Xerxes Desai had first proposed the idea of making watches in 1970s but the company Titan couldnโt start operations before 1986. Thatโs all you need to know about the socialist hellhole that India was on the watch of Congress.