Life of Itc

Topics: ITC Limited, BSE Sensex, Harvard Business School Pages: 10 (2472 words) Published: August 21, 2013
ITC Limited
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ITC Limited|
|
Type| Public|
Traded as| BSE: ITC.NS
BSE SENSEX Constituent|
Industry| Conglomerate|
Predecessor(s)| W.D. & H.O. Wills|
Founded| August 24, 1910[1] (as Imperial Tobacco Company of India)| Headquarters| Kolkata, West Bengal, India,|
Key people| Yogesh Chander Deveshwar, (Chairman)|
Products| Tobacco, Hotels, Paperboards & specialty papers, packaging, agri-business, packaged foods & confectionery, IT, branded apparel, personal care, stationery, safety matches and other FMCG products| Revenue| US$ 7 billion (2010)|

Employees| 29,000 (2012)|
Website| www.itcportal.com|
ITC Limited (BSE: 500875) or ITC is an Indian conglomerate headquartered in Kolkata, West Bengal.[2] Its diversified business includes four segments: Fast Moving Consumer Goods (FMCG), Hotels, Paperboards, Paper & Packaging and Agri Business. ITC's annual turnover stood at $7 billion and market capitalisation of over US$34 billion. The company has its registered office in Kolkata. It started off as the Imperial Tobacco Company of India and was renamed as the India Tobacco Company in 1970, I.T.C. Limited in 1974 and finally ITC Limited in 2001[3] The company is headed by Yogesh Chander Deveshwar. It employs over 29,000 people at more than 60 locations across India and is listed on Forbes 2000. ITC Limited completed 100 years on 24 August 2010. ITC has operations in the FMCG (Fast Moving Consumer Goods) industry, Hotels, Paperboards & Specialty Papers, Packaging, Agri-Business and Information Technology. While ITC is a market leader in its businesses of Hotels, Paperboards, Packaging, Agri-Exports and Cigarettes, it is rapidly gaining market share even in its nascent businesses of Packaged Foods & Confectionery, Branded Apparel, Personal Care and Stationery. Meera Shankar joined the board of ITC Ltd as the first women director in its history. She is an additional non-executive director of the company.[4][5] Contents

* 1 History
* 2 List of products & brands
* 3 Rural initiatives
* 4 Corporate philanthropy
* 5 Forbes ranking
* 6 Products
* 6.1 Foods
* 6.2 Lifestyle Retailing
* 6.3 Personal Care
* 6.4 Education and Stationery
* 6.5 Hotels
* 7 References
* 8 External links
History
ITC was formed on 24th August 1910 under the name Imperial Tobacco Company of India Limited. Later the name of the Company was changed from Imperial Tobacco Company of India Limited to India Tobacco Company Limited in 1970 and then to I.T.C. Limited in 1974. ITC contains a wide range of businesses - Cigarettes & Tobacco, Hotels, Information Technology, Packaging, Paperboards & Specialty Papers, Agri-business, Foods, Lifestyle Retailing, Education & Stationery and Personal Care . Finally the company changed its name to 'ITC Limited’ on September 2001. The earlier decades of the Company's activities centred around the tobacco industry. In the Seventies it started to launch other businesses. In 1975 the Company launched its Hotels business with the acquisition of a hotel in Chennai which was rechristened 'ITC-Welcomgroup Hotel Chola'. The objective of ITC's entry into the hotels business was rooted in the concept of creating value for the nation In 1979, ITC entered the Paperboard business by promoting ITC Bhadrachalam Paperboards Limited, which today has become the market leader in India.[citation needed] In 1985, ITC set up Surya...

References: 5. ^ "ITC Board of Directors". 2012-09-06.
7. ^ "ITC: Leading Multi-business conglomerate turns 100". The Economic Times. 2010-08-24.
8. ^ "ITC launches Classmate Ideas challenge". Business Line. 2010-08-23.
11. ^ Kneale, Klaus (2009-05-06). "World 's Most Reputable Companies: The Rankings". Forbes.
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