Who owns Damas?
Damas is owned by Titan (India, NSE: TITAN), which has owned the brand since 4 January 2026.[1]
Titan owns 67% of Damas rather than all of it.
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Titan Company Limited 42nd Annual Report 2025-26. Last checked .
Key facts
- Current owner
- Titan Company Limited (67% stake) reported
- Owned since
- Owner HQ
- 🇮🇳 India, Bengaluru
- Origin
- 🇦🇪 United Arab Emirates
- Founded
- 1907
- Category
- Apparel, footwear & accessories › Luxury goods › Jewellery & watches
- Parent ticker
- NSE: TITAN BSE: 500114
- Last verified
- · 1 sources
About Damas
Damas is a Gulf jewellery retailer established in 1907, with the largest jewellery retail network in the region across the UAE, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain. Titan bought 67% of Damas LLC from Mannai Corporation with effect from 4 January 2026 for 1,191 crore rupees; it holds a call option, and the sellers a put, over the remaining 33% on 31 December 2029.
Ownership timeline of Damas
Where Damas sits in Titan
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Titan ownership tree →
See the full Titan brand portfolio (11) →
Other brands owned by Titan
Titan controls 11 brands on Brandtree, 10 of them in apparel, footwear & accessories.
Also in apparel, footwear & accessories
- CaratLane
- Fastrack (2003)
- Mia by Tanishq (2009)
- Sonata (1998)
- Taneira (2017)
- Tanishq (1996)
- Titan (1987)
- Titan Eye+ (2007)
- Zoya (2008)
Other brands in jewellery & watches, and who owns them
The 72 brands in jewellery & watches on Brandtree belong to 17 owners. The largest is Signet Jewelers, with 9; Titan has 8.
| Brand | Owner | Owner based in |
|---|---|---|
| Banter by Piercing Pagoda | Signet Jewelers | 🇧🇲 Bermuda |
| A. Lange & Söhne | Richemont | 🇨🇭 Switzerland |
| Blancpain | Swatch Group | 🇨🇭 Switzerland |
| Bulgari | LVMH | 🇫🇷 France |
| Concord | Movado Group | 🇺🇸 United States |
| Pandora | Pandora | 🇩🇰 Denmark |
| ARTA by PNJ | PNJ | 🇻🇳 Vietnam |
| ATTESA | Citizen Watch | 🇯🇵 Japan |
About the owner: Titan
Titan is a publicly listed company headquartered in Bengaluru, India, founded in 1984. Brandtree records 11 brands under its control, and it is listed as NSE: TITAN and BSE: 500114.
Titan Company was incorporated in 1984 and is jointly promoted by the Tamilnadu Industrial Development Corporation, which held 27.88% at 31 March 2026, and the Tata Group, whose companies held 25.02% (Tata Sons alone 20.84%). It sells jewellery, watches, eyewear, fragrances, handbags and saris, with jewellery the largest business. In January 2026 it bought 67% of Damas, the Gulf jeweller, and it also sells several licensed international watch brands that it does not own.
🇦🇪 Damas and other Emirati brands
Brandtree records a controlling owner for 51 brands that began in the United Arab Emirates. 4 of them (8%) are now controlled by a company headquartered in another country, Damas among them.
- Max — Landmark Group 🇦🇪
- AD Ports Group — AD Ports Group 🇦🇪
- ADNOC — ADNOC Distribution 🇦🇪
- ADNOC L&S — ADNOC L&S 🇦🇪
- Abu Dhabi Aviation — Abu Dhabi Aviation 🇦🇪
- Air Arabia — Air Arabia 🇦🇪
Frequently asked questions
Who is the parent company of Damas?
The parent company of Damas is Titan, a publicly listed company headquartered in India.
Is Damas Emirati or Indian?
Damas originated in the United Arab Emirates in 1907, but it is owned today by Titan, which is headquartered in India. So Damas is an Emirati-origin brand under Indian ownership.
Since when has Titan owned Damas?
Titan has owned Damas since 4 January 2026.
Is Damas still owned by Titan?
Yes. As of 16 September 2026, Damas is still owned by Titan (67% stake). The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Titan Company Limited 42nd Annual Report 2025-26 — Titan Company Limited, Annual report; retrieved 16 September 2026.
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