A hybrid watermarking scheme based on Triangular Vertex Transform (TVT) and Contourlet coefficients for high robustness is implemented. During watermark embedding, the cover image is first decomposed using Contourlet Transform to obtain high frequency and low frequency coefficients. The lower frequency coefficients are applied with TVT. Then, the W coefficients obtained from TVT are again subdivided. The watermark bit is then embedded on the subdivided coefficients to obtain the watermarked image. Reverse operation is followed in the extraction phase. The performance of this algorithm is evaluated using embedding capacity, Normalized cross correlation (Ncc) and Peak Signal to Noise Ratio (PSNR) using standard test images. These evaluation results disclose the domination of proposed scheme over traditional schemes.