Caratlane Franchise Cost and Requirements

Business

Caratlane Franchise Cost and Requirements

Registrationwala

Caratlane is a leading brand in Indian jewellery industry. It blends online and offline jewellery shopping via its e-commerce website and a large network of physical stores present across major cities in India. 

In this blog post, we shall discuss Caratlane franchise details, including the Caratlane franchise cost in India and other requirements. So, if you are planning to open a Caratlane franchise business in the near future, we recommend you to go through this post!

About Caratlane: Founder, Headquarters and Franchise Details

Caratlane is a well known jewellery brand in India. The company is recognized for its modern designs as well as fine craftsmanship. It focuses on creating jewellery using gold, diamonds and various precious gemstones. Its in-house brand Shaya offers fine silver jewellery made up of 925 silver. Established in 2008 by Mithun Sacheti and Srinivasa Gopalan, the Caratlane later came under the full ownership of Titan Company Limited after it purchased Sacheti’s remaining stake in 2023. 

The Caratlane headquarters are located in Chennai, Tamil Nadu. The Caratlane brand is an omnichannel brand that blends style with affordability and offers jewellery that is both accessible as well as suitable for day to day wear. Its collection features a diverse selection of rings, nosepins, earrings, necklaces, bangles and bracelets. All the gold and silver products of Caratlane carry a BIS hallmark to ensure authenticity and purity. 

Caratlane offers franchise to those who are passionate about the jewellery sector. Caratlane Franchise Model is franchise-owned, franchise-operated (FOFO) model. It focuses on an omni-channel approach through its website, mobile app and physical stores. Caratlane franchise cost is estimated to be between Rs. 25 lakhs to Rs. 50 lakhs. 

Out of this, Caratlane franchise fee alone is Rs. 4 lakhs, according to online sources. However, it is best to connect with Caratlane franchise team for accurate and up-to-date information. Caratlane franchise review is generally positive, and most franchisees are satisfied with the brand support offered by the company. 

How to Apply for Caratlane Franchise?

Since Caratlane is owned by Titan, you need to visit the official franchising portal of Tanishq for Caratlane franchise apply online. Here are the steps you need to follow:

Step 1: Visit the official Titan company website.

Step 2: Once you are on the homepage, go to the bottom of the page and then click on ‘Business Opportunities’.

Step 3: Now, on the next page, under franchising, click on ‘Know More’.

Step 4: Now, the Caratlane franchise application form will be displayed on your screen.

Step 5: In the form, you need to enter the required information. First, you must mention whether you are an existing Titan Company Ltd business associate or not.

Step 6: Then, you must choose ‘Caratlane’ in the interested business division. 

Step 7: Thereafter, you must answer the question, “Will you be interested in multiple business opportunities if given?” in ‘Yes’ or ‘No’.

Step 8: After that, you need to select the number of partners you want to run the franchise with.

Step 9: Now, you need to fill out your personal information, including your first name, last name, gender, Citizen of (Country Name), Date of Birth and Marital Status. Then, you need to select the personal ID type and enter the identification number. 

Step 10: Now, enter your mobile number, landline number and email address. After that, also enter your residential address, state, city and PIN code.

Step 11: Now, you must choose a photo for profile pic.

Step 12: Enter your education details, including course description, qualification degree, year of passing and name and address of college/school.

Step 13: Now, enter the details in the field “career and business information (excluding with Titan Company).” In this field, you must enter Self Employed or Being Employed By, Name of Business Firm and Location, Nature/Type of Business, Turnover, Position Held, Number of Years Worked, and a description of duties and responsibilities, number of employees supervised and client base.

Step 14: Now, enter necessary details in the ‘Spouse/Family (Personal Information)’ field. Answer to the question, “Spouse or any family member actively involved in the business” in ‘Yes’ or ‘No’. Then, you must the remaining details under the field.

Step 15: After entering all the personal details, you must now enter the business details. In the firm details field, you must enter firm name, no. of partners, GST number, firm business address, state and city. You must also mention whether your firm has been involved in a legal dispute or not.

Step 16: Then, enter the partner details like partner’s name, whether active or silent, ownership (%), gender, details of business involved, contact details and address. 

Step 17: Now, enter the name of person who will run the store and his/her contact details. Then, enter the status of property (owned/rented/leased/not finalized).

Step 18: After that, enter distance from existing titan store, city, location type, carpet area (sq. ft.), rent/sq. ft., rent/lease agreement period and property address.

Step 19: Then, enter financial statement details of the previous year, incl. Turnover from current business, yearly income from all sources, etc.

Step 20: In the ‘Other Information’ field, you must describe why you think you can run a successful franchise. 

Step 21: Finally, tick on the declaration and then click on ‘submit’ option to successfully submit the Caratlane franchise application form.

After successfully completing all the required steps, you must wait for the Titan team to get in touch with you. 

Franchise Business Registration

Conclusion

Caratlane is a Titan-owned company. The company was established in 2008. The Caratlane founders are Mithun Sacheti and Srinivasa Gopalan. Currently, the company is fully-owned by the Titan Company - a subsidiary of the Tata Group. Many entrepreneurs who want to run a gold franchise opt for Caratlane because of the company’s reputation and brand support. 

Do you need professional guidance in opening a gold franchise business in India? If so, then do not hesitate to get in touch with our business registration and compliance experts at Registrationwala as soon as possible. We’ll help you in fulfilling the legal formalities and regulatory requirements for starting and running a gold franchise business in India!

Frequently Asked Questions (FAQs)

Q1. Does Caratlane offer franchise opportunities?

A. Yes, it does offer franchise opportunities to entrepreneurs passionate about the jewellery industry.

Q2. What is the parent company of Caratlane?

A. The parent company of Caratlane is Titan Company Limited - a subsidiary of Tata Group. 

Q3. Is Caratlane owned by Tata Group?

A. Yes, CaratLane is owned by Tata Group through its subsidiary Titan Company Limited.

Q4. Is Caratlane a publicly traded company?

A. No, Caratlane is not a publicly traded company.

Q5. Is Caratlane owned by Tanishq?

A. No, Caratlane is not owned by Tanishq. It is owned by Titan, a subsidiary of the Tata Group.

Q6. Where is Caratlane head office?

A. Caratlane head office is located in Chennai, Tamil Nadu. Its address is: 727, 1st Floor, TIL Park Anna Salai, Pathari Road, Thousand Lights, Chennai, Tamil Nadu - 600006.

Q7. What is Caratlane franchise profit margin?

A. The profit margin depends on various factors such as location, sales volume and specific operating costs. However, generally, the profit margin is expected to be between 8% to 12% in the gold business. 

Q8. What is Caratlane franchise investment?

A. To open a franchise of Caratlane, an investment of approximately Rs. 25 lakhs - Rs. 50 lakhs is required. It is best to connect with the company directly for the precise numbers. 

Q9. Who is the founder of Caratlane?

A. Caratlane was co-founded by two individuals namely Mithun Sacheti and Srinivasa Gopalan.

Q10. Who is Caratlane Managing Director?

A. Caratlane Managing Director is Saumen Bhaumik.

 

Disclaimer: We have made every effort to provide accurate and up-to-date information in this article. However, we do not guarantee the completeness or accuracy of the information. This content is for informational purposes only and should not be treated as business, legal or financial advice.

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