OPAL LUXURY TIME PRODUCTS LIMITED is a Pune based company, into the business of manufacturing and marketing of High-end Designer Wall Clocks
and Table Clocks
with the brand name OPAL and CALIBER.
A decade ago, the clock as a product category has been largely neglected in the country, by manufacturers, and no sincere effort was made by them to uplift the product category, on the contrary, they brought down the prices and quality, by getting into the price war, and hence the product category lost the battle. The purpose of a clock has been primarily to show time, in houses, offices and public places.
In 1996 Mr. Subhash Gujar had created & launched the brand with a difference, of making clock a piece of art, more than a time showing device. It launched high end clocks, with a major design element, movements from Japan, high class door step service, new innovative materials, unconventional channels of sales, and because of all this, though with great difficulty, it has reached and has been recognized to be the pioneers and leaders in this range.
Till 2007 OPAL as a brand was well recognized across the country and all major dealers were dealing in the products, and the range was very well accepted by the consumers.
The growth was happening at a good speed and the need of investments was rising very high which the partners of the firm understood that they cannot keep pace with and hence strategic alliance with the management of Innoventive Venture Ltd. was done.
Innoventive Venture Ltd. a company based in Pune, primarily in to manufacturing of auto components, having an annual turnover of Rs. 450.00 crores, was looking out for investments in companies which had great growth plan but were stuck because of funding.
When both the promoters met and joined hands, the new company was formed in February 2007 by the name of OPAL LUXURY TIME PRODUCTS PRIVATE LIMITED and the operations started in February 2007.
Today OPAL has a PAN India presence, and the products are sold by leading Home Improvement stores, gift stores, white goods dealers and high end watch & clock stores. We are proudly associated with Shopper's Stop, Home Town, @Home, Reliance Retail, THS and are an important business associate to them, in the Home Improvement stores.
Each designer timepiece goes through an elaborate and minute process so that what emerges finally is perfection. The first step in that process is the designing team, a talented group of individuals who always seek to be inspired to devise creations that will stand out and will eventually reign over time.
Once the designing is complete the assembling takes at Opal's well equipped setup in Roorkee, Uttarakhand where cutting edge technology is matched with impeccable materials and expert workmanship. Moreover all movements of Opal clocks are quartz movements from Japan, the world leaders in this segment. Each and every element of the timepiece is carefully chosen, so that when we say that Opal is perfect in every small detail it is no exaggeration.
When we hand over any Opal timepiece we are honouring the trust that our patrons have entrusted to us. Hence Opal brings a stunning range of exclusive and exquisite timepieces like Westminster Chime, Pendulum, Statue, Digital, Feature and World clock for the true connoisseur, who appreciates quality, chooses exclusivity and respects commitment.
Opal has till date delighted with many admirer who consider these timepieces an integral part of their lifestyle, an understated and subtle elegance that adorns their homes and enhances its aesthetic appeal. And therein lies our immense satisfaction.
It has reached to a platform where the brand is well recognized and the fixed costs are well covered, i.e. it has now created a launch pad from where the company and its investors including bankers can ride the growth.
It currently boasts of a wide dealer network ranging from Jammu in north to Kochi in south and Ahmedabad in west to Shillong in east.
The growth in the new housing and home improvement market has been phenomenal and OPAL is benefiting from the same.
Opal Luxury Time Products Pvt. Ltd. becomes Opal Luxury Time Products Limited
from 1st Nov, 2012.