ITC (company)
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| Public | |
| Traded as | : : ITC BSE SENSEX Constituent CNX Nifty Constituent |
| Industry | Conglomerate |
| Predecessor | W.D. & H.O. Wills . |
| Founded | 24 August 1910 (as Imperial Tobacco Company of India) |
| Headquarters | Kolkata, West Bengal, India |
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Key people
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Yogesh Chander Deveshwar, (Chairman), Sanjiv Puri, (Chief Executive Officer), |
| Products |
Consumer goods Tobacco Hotels Agribusiness Paperboards & specialty papers Packaging Information technology |
| Revenue | ₹53,748 crore (US$8.0 billion) (2016) |
| ₹15,037 crore (US$2.2 billion) (2015) | |
| ₹9,607 crore (US$1.4 billion) (2015) | |
| Total assets | ₹32,159 crore (US$4.8 billion) (2015) |
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Number of employees
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25,959 (Mar 2013) |
| Divisions | ITC Infotech, Surya Nepal Pvt. Ltd. |
| Website | www |
ITC Limited or ITC is an Indian conglomerate headquartered in Kolkata, West Bengal. Its diversified business includes five segments: Fast-Moving Consumer Goods (FMCG), Hotels, Paperboards & Packaging, Agri Business & Information Technology.
Established in 1910 as the Imperial Tobacco Company of India Limited, the company was renamed as the Indian Tobacco Company Limited in 1970 and further to I.T.C. Limited in 1974. The periods in the name were removed in September 2001 for the company to be renamed as ITC Ltd. The company completed 100 years in 2010 and as of 2012-13, had an annual turnover of US$8.31 billion and a market capitalization of US$45 billion. It employs over 25,000 people at more than 60 locations across India and is part of Forbes 2000 list.
ITC was formed on 24 August 1910 under the name of Imperial Tobacco Company of India Limited, and the company went public on 27 October 1954. The earlier decades of the company's activities centered mainly around tobacco products. In the 1970s, it diversified into non-tobacco businesses.
In 1975, the company acquired a hotel in Chennai, which was renamed the 'ITC-Welcomgroup Hotel Chola' (now renamed to MyFortune, Chennai).
In 1985, ITC set up Surya Tobacco Co. in Nepal as an Indo-Nepali and British joint venture, with the shares divided between ITC, British American Tobacco and various independent domestic shareholders in Nepal. In 2002, Surya Tobacco became a subsidiary of ITC and its name was changed to Surya Nepal Private Limited.
In 2000, ITC launched the Expressions range of greeting cards, the Wills Sport range of casual wear, and a wholly owned information technology subsidiary, ITC Infotech India Limited.
In 2001, ITC introduced the Kitchens of India brand of ready-to-eat gourmet Indian recipes, which are produced and sold internationally, at first in cans and later in retort packages, and more recently on line and at festivals.
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Wikipedia