Titan Industries Ltd — Faulty watch and high making charges on gold coins

Address:

Pune, Maharashtra

Case:1 Titan Watch
I purchased a Titan watch from Titan showroom located in Pimpri Chinchwad on discount of 20%. Watch giving problem within 2-3 months. I changed the machine in warranty period but it gets almost 1month after fighting and so many mails with customer care etc. After that I got problem of day showing hand which was came out from watch. These Titan showroom and titan selling their product under Tata Brand spoiling the Tata reputation. Please I request don't buy any product from Titan, they are simply cheaters.

Case:2 Tanishq Coin
I brought 8gm 24K coin from Tanishq, making charge almost 1300/- and gold price is almost 3000 higher than market price. Also Tanishq having very headache product exchange or return policies. Please decide where to buy gold.

Case3: Tanishq Gold Harvesting scheme
I kindly request you all, don't go with this scheme... Why let me explain..
Tanishq says that if you pay 3000/- (or5000/-) installments for 11 months then they pay last (12th) installment and you can purchase any jewelry of 11x3000+3000=36000/- . Even you get last installment from Tanishq, still you remain under loss let me explain..

After 12th month you need to buy jewelry of Rs 36000/-

Let me do reverse calculation of 36000/-

1] Accumulated amount: 11x3000+3000=36000/- (As there is no cash back option, you need to buy jwellary)

2] VAT 1.1% deduction from accumulated amount (1) :[protected]x0.011)=35604/-

3] Making charge 5.51% deduction, after VAT deduction (2):[protected]x0.0551)=33642.22/-

4] Now you can get gold of rupees 33642.22/- only

5] Suppose you get gold of rupees 33642.22/- and resale again same gold in Tanishq there is 3% deduction on it..(there is no cash back option, as told early)

6] Finally you get money, after deduction of 3% : 33642.[protected].22x0.03)=32632.95/-

7] And you go under loss of:[protected].95=1009.267/-

Suppose you invest same amount in bank, you can get at leat 33000 + intrest at the end of the day
Or simply collect monthly 3000 you can get 33000 but you will not go under loss of 1009.267..

Muft me kabi koi kabi nahi deta socho..:)