Luxury Time Ltd IPO

About Luxury Time Ltd

Our Company was originally incorporated as Luxury Time Private Limited a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 22, 2008 issued by Registrar of Companies, Delhi & Haryana. Further, our Company was converted from a private limited company to public limited company pursuant to special resolution passed in the Extra-Ordinary General Meeting of the company dated January 13, 2025 and consequently, the name of our Company was changed from Luxury Time Private Limited to Luxury Time Limited and a fresh certificate of incorporation dated February 24, 2025 was issued to our Company by the Registrar of Companies, Central Registration Centre. The Corporate Identification Number of our Company is U74900DL2008PLC182377.

The India Watch market is valued at USD 3.87 billion, driven by a combination of factors such as increasing disposable income, growing fashion consciousness, and the rising trend of smartwatches. Consumers, particularly in urban areas, are increasingly looking for watches that reflect personal style and integrate technology. The demand for high-end and luxury watches is also rising, especially in metro cities, due to the growing preference for premium accessories. Cities like Mumbai, Delhi, and Bengaluru dominate the watch market due to their larger populations of high-income individuals and a strong retail presence for luxury and premium brands. These cities are also home to a tech-savvy younger population that favors smartwatches. The presence of international brands and a developed e-commerce ecosystem further drive the market dominance of these cities. India maintains significant import duties on watches, especially luxury models. In 2023, the government continued enforcing a 20% import duty on watches, a measure aimed at promoting local manufacturing under the Make in India initiative. These high tariffs remain a barrier for international brands looking to enter the market, driving up the retail prices of imported watches.

Our Company is engaged in the distribution, marketing, retailing, and after-sales servicing of Swiss luxury watches, as well as the distribution of watch service-related tools and equipment in India. Headquartered in New Delhi, we are supported by a team of seasoned professionals with expertise in luxury watch distribution, retail management, after-sales servicing, precision tools & machinery, and brand marketing.