This article has multiple issues. Please help improve it or discuss these issues on the talk page . (Learn how and when to remove these template messages)
|
Formerly | Imperial Tobacco Company of India Limited (1910–1970) India Tobacco Company Limited (1970–1974) I.T.C. Limited (1974–2001) ITC Limited (2001–present) |
---|---|
Company type | Public |
ISIN | INE154A01025 |
Industry | Conglomerate [1] |
Predecessor | W.D. & H.O. Wills |
Founded | 24 August 1910 [2] |
Headquarters | Virginia House, Kolkata, , West Bengal India |
Area served | |
Key people | Sanjiv Puri (Chairman & MD) [3] |
Products | |
Brands |
|
Revenue | ₹78,498.70 crore (US$9.8 billion) (2023) |
₹25,793.21 crore (US$3.2 billion) (2023) | |
₹19,427.68 crore (US$2.4 billion) (2023) | |
Total assets | ₹85,882.98 crore (US$11 billion) (2023) |
Total equity | ₹69,538.79 crore (US$8.7 billion) (2023) |
Number of employees | ~49,824 (2023) |
Divisions | ITC Hotels ITC Paperboards and Specialty Papers Division ITC Infotech Sunrise Foods |
Website | www |
Footnotes /references [4] [5] [6] [7] |
ITC Limited is an Indian company headquartered in Kolkata. [8] ITC has a diversified presence across industries such as FMCG, hotels, software, packaging, paperboards, specialty papers and agribusiness. [9] The company has 13 businesses in 5 segments. It exports its products in 90 countries. Its products are available in 6 million retail outlets. [10] [4]
On 17 April 2023, its market cap crossed the milestone of ₹500,000 crore (US$63 billion) for the first time in company's history, followed by crossing the ₹600,000 crore (US$75 billion) mark on 20 July 2023 and becoming the biggest FMCG Company in India passing the Hindustan Unilever's market cap the very next day. [11] [12] It employs 36,500 people at more than 60 locations across India. [13]
"ITC Limited" was originally named "Imperial Tobacco Company of India Limited", succeeding Imperial Brands and W.D. & H.O. Wills on 24 August 1910 as a British-owned company registered in Kolkata. [14] [15] Since the company was primarily based on agricultural resources, it ventured into partnerships in 1911 with farmers from the southern part of India to source leaf tobacco.[ citation needed ] [16] Under the company's umbrella, the "Indian Leaf Tobacco Development Company Limited" was formed in Guntur district of Andhra Pradesh in 1912. [17] The first cigarette factory of the company was set up in 1913 in Bangalore.[ citation needed ]
In 1928, construction began for the company's headquarters, the 'Virginia House' at Calcutta. [18] ITC acquired Carreras Tobacco Company's factory at Kidderpore in 1935 to further strengthen its presence.[ citation needed ] ITC helped set up an indigenous cigarette tissue-paper-making plant in 1946 to reduce import costs significantly. Then, a factory for printing and packaging was set up in Madras in 1949.[ citation needed ] The company acquired the manufacturing business of Tobacco Manufacturers (India) Limited and the complementary lithographic printing business of Printers (India) Limited in 1953. [19]
Established in 1910 as the Imperial Tobacco Company of India Limited, the company was renamed as the India Tobacco Company Limited in 1970 and later to I.T.C. Limited in 1974. In 2001 the company was renamed ITC Limited, where "ITC" is no longer an acronym. [20] [21]
ITC's equity shares are listed on Bombay Stock Exchange (BSE), National Stock Exchange of India (NSE) and Calcutta Stock Exchange (CSE). [22] The company's Global Depository Receipts (GDRs) are listed on the Luxembourg Stock Exchange. ITC is a constituent of two major stock market indices of India: BSE SENSEX and NIFTY 50 of NSE. [23]
In July 2023, ITC Ltd.'s board of directors approved in principle the demerger of its hotel business and the formation of a wholly owned subsidiary called ITC Hotels. [24] [25]
In February 2024, British American Tobacco announced its plans to sell part of its stake in ITC Limited. This decision was aimed at reducing BAT's debt and accelerating its share buyback program. Despite BAT's desire to retain significant influence within ITC, requiring at least a 25% stake for veto rights, the move was well-received by investors, leading to a near 8% increase in BAT's share value. [26] [27] [28]
As per the Annual report of the company, it had 28000+ employees as on 31 March 2020. [29] It spent ₹2,145 crores on Employee benefits during the FY 2012–13. During the same year, its attrition rate was 12%. [29]
ITC's Chairman Yogesh Chandra Deveshwar (d. 2019) won renowned awards and recognition including Padma Bhushan from Govt. of India 2005–09, by Boston Consulting Group and seventh-best-performing CEO in the world by Harvard Business Review. [29] [30]
Meera Shankar, Indian ambassador to the USA between 2009 and 2011, joined the board of ITC Limited in 2012 as the first woman director in its history. [31] She is an additional non-executive director of the company. [32]
Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 100th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports. The company has relatively little free cash flow and high corporate debt.
Bajaj Auto Limited is an Indian multinational automotive manufacturing company based in Pune. It manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj (1889–1942) in Rajasthan in the 1940s.
Housing Development Finance Corporation was an Indian private sector mortgage lender based in Mumbai. It was the biggest housing finance company in India. It also had a presence in banking, life and general insurance, asset management, venture capital and deposits through its associate and subsidiary companies.
Larsen & Toubro Limited, abbreviated as L&T, is an Indian multinational conglomerate, with interests in engineering, construction, manufacturing, technology, information technology, military and financial services. It is headquartered in Mumbai, Maharashtra.
NMDC Limited, formerly National Mineral Development Corporation, is an Indian public sector undertaking involved in the exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, coal etc. It is India's largest iron ore producer and exporter, producing more than 35 million tonnes of iron ore from three mechanized mines in Chhattisgarh and Karnataka. It also operates the only mechanized diamond mine in the country at Panna in Madhya Pradesh.
Godfrey Phillips India Ltd. (GPI) is a tobacco manufacturer headquartered in India. It is now a part of Modi Enterprises. The company is a major player in the domestic cigarette industry. In 2013-2014 it reported an annual turnover of Rs 4,220 crores. It has expanded from tobacco to include tea, pan masala, and confectioner. Its operations are primarily located in the northern and western parts of India, but it has recently expanded into West Bengal and the southern part of the country. It sells some of the most popular cigarette brands, such as Four Square, Red and White, Cavanders, Tipper, and North Pole.
Aashirvaad is a brand of staple food and kitchen ingredients owned by ITC Ltd. The Aashirvaad brand was launched in 2002 and its range of products include atta flour, salt, spices, instant food mixes, dairy products and superfoods.
ITC Hotels is an Indian hotel chain, which is a part of the ITC Limited. With over 100 hotels, it is India's fifth largest hotel chain. It has a franchise agreement to operate most of its hotels as part of The Luxury Collection of Marriott International.
Future Group is an Indian conglomerate, founded by Kishore Biyani and based in Mumbai. The company is known in Indian retail and fashion sectors, operating supermarket chains Big Bazaar and Food Bazaar, lifestyle stores Brand Factory and Central, integrated foods and FMCG manufacturing sectors. Future Retail Limited and Future Lifestyle Fashions Limited are two operating companies whose assets are among the top retail companies listed in BSE, with market capitalization among the highest on the National Stock Exchange of India.
Wipro Limited is an Indian multinational corporation that provides information technology, consultant and business process services. It is one of the leading Big Tech companies. Wipro's capabilities range across cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services to customers in 167 countries.
Religare Enterprises Limited (REL) is an Indian investment and financial services holding company, headquartered in New Delhi. REL is listed on National Stock Exchange of India and Bombay Stock Exchange. It is registered with the Reserve Bank of India (RBI).
VST Industries Ltd. is a public conglomerate company headquartered in Hyderabad, India. The company manufactures and distributes cigarettes. Its Market Capitalization is ₹5604 Cr as on end June, 2021, PE Value: 17.94 and Dividend Yield: 3%. The company has its registered office in Hyderabad. It started off as the Vazir Sultan Tobacco Company, commonly known as VST and is an associate undertaking of British American Tobacco group of the United Kingdom, It is fully independent and registered as VST Industries Ltd in the year 1983 British American Tobacco (BAT), through its subsidiaries The Raleigh Investment Company Limited, Tobacco Manufacturers (India) Limited and Rothmans International Enterprises Ltd, hold 23.45, 8.28 & 0.43% shares totaling to 32.16%.
Bajaj Finserv Limited is an Indian non-banking financial services company headquartered in Pune. It is focused on lending, asset management, wealth management and insurance.
Angel One Limited, formerly known as Angel Broking Limited, is an Indian stockbroker firm established in 1996. The company is a member of the Bombay Stock Exchange, National Stock Exchange of India, National Commodity & Derivatives Exchange Limited and Multi Commodity Exchange of India Limited. It is a depository participant with Central Depository Services Limited (CDSL).
Berger Paints Ltd is an Indian multinational paint company, based in Kolkata. This company has 16 manufacturing units in India, 2 in Nepal, 1 each in Poland and Russia. It has manufacturing units at Howrah and Rishra, Arinso, Taloja, Naltoli, Goa, Devla, Hindupur, Jejuri, Jammu, Puducherry and Anand. The company has presence in five countries – India, Russia, Poland, Nepal and Bangladesh. It has an employee strength of over 3,600 and a countrywide distribution network of more than 25,000 dealers.
IIFL Wealth Management Ltd. is an Indian wealth management firm, headquartered in Mumbai, India. The company has a presence in 7 countries and 23 locations in India. It offers wealth management, asset management, portfolio management services, investment products, treasury services, estate planning and lending among others. The company has been rated as A1+ by rating agencies such as CRISIL and ICRA.
ICICI Prudential Life Insurance Company Limited is an Indian life insurance company in India. Established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life is engaged in life insurance and asset management business. In 2016, the company became the first insurance company in India to be listed in the domestic stock exchanges.
Coforge, formerly known as NIIT Technologies, is an Indian multinational information technology company based in Noida, India and New Jersey, United States. The company's stock trades on the Bombay Stock Exchange and on the National Stock Exchange of India under the ticker symbol COFORGE.
HFCL Limited is an Indian technology company, based in Gurugram. It designs, develops, manufactures telecommunications equipment, fibre-optic cables and other related electronics.
Crompton Greaves Consumer Electricals Limited is an Indian electrical equipment company based in Mumbai, India. The company has lighting and electrical consumer durables including LED lighting, fans, pumps, and household appliances like water heaters, air coolers, and kitchen appliances.
ITC Limited is a holding company, which is engaged in the marketing of fast moving consumer goods (FMGC).