ITC Ltd is one of India's premier private sector companies with diversified presence in businesses such as Cigarettes, Hotels, Paperboards & Specialty Papers, Packaging, Agri-Business, Packaged Foods & Confectionery, Information Technology, Branded Apparel, Greeting Cards, Safety Matches and other FMCG products. Presently, ITC has a market capitalisation of nearly US $ 15 billion and a turnover of over US $ 4.75 billion. It employs over 21,000 people at more than 60 locations across India. ITC has been rated among the World's Best Big Companies, Asia's 'Fab 50' and the World's Most Reputable Companies by Forbes magazine, among India's Most Respected Companies by Business World and among India's Most Valuable Companies by Business Today.
ITC was incorporated on August 24, 1910 under the name of 'Imperial
Tobacco Company of India Limited'. ITC had a humble beginning and in the
initial days it used to operate from a leased office on Radha Bazar
Lane, Kolkata. On its 16th birthday on August 24, 1926, ITC purchased
the plot of land situated at 37, Chowringhee, (now renamed J.L. Nehru
Road) Kolkata. Two years later company's headquarter building, 'Virginia
House' came on that plot. Progressively the ownership of the company
Indianised, and the name of the Company was changed to I.T.C. Limited in
1974. In recognition of the Company's multi-business portfolio
encompassing a wide range of businesses, the full stops in the Company's
name were removed effective September 18, 2001 and the Company was
rechristened as 'ITC Limited'.
ITC is involved in following businesses:
Cigarettes: ITC is the market leader in cigarettes in India and
has a wide range of popular brands such as Insignia, India Kings,
Classic, Gold Flake, Silk Cut, Navy Cut, Scissors, Capstan, Berkeley,
Bristol and Flake in its portfolio.
Packaging: ITC's Packaging & Printing Business is the
country's largest convertor of paperboard into packaging. It was set up
in 1925 as a strategic backward integration for ITC's Cigarettes
business. It offers a variety of value-added packaging solutions for the
food & beverage, personal products, cigarette, liquor, cellular
phone and IT packaging industries.
Hotels: ITC entered the hotels business in 1975 with the
acquisition of a hotel in Chennai which was rechristened Hotel Chola.
Today ITC-Welcomgroup with over 70 hotels is one of the foremost hotel
chains in India.
Paperboards: In 1979, ITC entered the Paperboards business by
promoting ITC Bhadrachalam Paperboards. ITC's Paperboards business has a
manufacturing capacity of over 360,000 tonnes per year and is a market
leader in India across all carton-consuming segments.
Greeting, Gifting & Stationery: ITC's stationery brands "Paper
Kraft" & "Classmate" are widely distributed brands
across India. The Paperkraft designer stationery range consists of
notepads & multi subject notebooks in hard, soft covers &
multiple binding formats including spirals, wiros etc. ITC's Greeting &
Gifting products include Expressions range of greeting cards and gifting
Safety Matches: ITC's brands of safety matches include iKno,
Mangaldeep, VaxLit, Delite and Aim. The Aim is the largest selling brand
of Safety Matches in India. ITC also exports premium brands to markets
such as Europe, Africa and the USA.
Aggarbattis: ITC has launched Mangaldeep brand of Aggarbattis
with a wide range of fragrances like Rose, Jasmine, Bouquet, Sandalwood,
Madhur, Durbar, Tarangini, Anushri, Ananth and Mogra. Mangaldeep is also
being exported to USA, UAE, Bahrain, Nepal, Singapore, Malaysia, Oman
and South Africa.
Lifestyle Retailing: ITC entered the Lifestyle Retailing
business with the Wills Sport range of international quality relaxed
wear for men and women in 2000. The Wills Lifestyle chain of exclusive
stores later expanded its range to include Wills Classic formal wear
(2002) and Wills Clublife evening wear (2003). In 2002, ITC entered into
the popular segment with its men's wear brand, John Players. In 2005,
ITC introduced Essenza Di Wills, an exclusive line of prestige fragrance
Food: ITC made its entry into the branded & packaged Foods
business in August 2001 with the launch of the "Kitchens of India"
brand. In 2002 it expanded into Confectionery, Staples and Snack Foods
segments. ITC's brand in Food category include: Kitchens of India,
Aashirvaad, Sunfeast, Mint-O, Candyman, and Bingo!.
Agri Exports: ITC's International Business Division (IBD) is the
country's second largest exporter of agri-products. ITC exports Feed
Ingredients (Soyameal), Foodgrains (Rice, Wheat, Pulses), Coffee &
Spices, Edible Nuts, Marine Products, and Processed Fruits.
e-choupal: The e-Choupal model of ITC has been very effective in
tackling the challenges posed by the unique features of Indian
agriculture, characterised by fragmented farms, weak infrastructure and
the involvement of numerous intermediaries, among others. ITC's
e-Choupal won the Stockholm Challenge 2006 award is for using
information technology for the economic development of rural
Note: The above information was last updated on 21-07-2007