Chart of the YEAR 2023
Chart of the YEAR 2023
ITC is the chart of the YEAR 2023
ITC Ltd is one of India's foremost private sector companies. ITC has a diversified presence in Cigarettes Hotels Paperboards & Specialty Papers Packaging AgriBusiness Packaged Foods & Confectionery Information Technology Branded Apparel Personal Care Stationery Safety Matches and other FMCG products. While ITC is an outstanding market leader in its traditional businesses of Cigarettes Hotels Paperboards Packaging and Agri-Exports it is rapidly gaining market share even in its nascent businesses of Packaged Foods & Confectionery Branded Apparel Personal Care and Stationery.
ITC's wholly owned Information Technology subsidiary ITC Infotech India Ltd provides IT services and solutions to leading global customers. ITC Infotech has carved a niche for itself by addressing customer challenges through innovative IT solutions. ITC's production facilities and hotels have won numerous national and international awards for quality productivity safety and environment management systems. ITC was the first company in India to voluntarily seek a corporate governance rating.ITC was incorporated on August 24 1910 under the name Imperial Tobacco Company of India Ltd. As the company's ownership progressively Indianised the name of the company was changed from Imperial Tobacco Company of India Ltd to India Tobacco Company Ltd in the year 1970 and then to I.T.C. Ltd in the year 1974
In recognition of the company's multi-business portfolio encompassing a wide range of businesses - Cigarettes & Tobacco Hotels Information Technology Packaging Paperboards & Specialty Papers Agri-business Foods Lifestyle Retailing Education & Stationery and Personal Care - the full stops in the company's name were removed effective September 18 2001. The company now stands rechristened ITC Ltd.During the year first six decades of the company's existence were primarily devoted to the growth and consolidation of the Cigarettes and Leaf Tobacco businesses the seventies witnessed the beginnings of a corporate transformation that would usher in momentous changes in the life of the company.
In the year 1925 the company set up Packaging & Printing business as a strategic backward integration for ITC's Cigarettes business. It is today India's most sophisticated packaging house.In the year 1975 the company launched its Hotels business with the acquisition of a hotel in Chennai which was rechristened 'ITC-Welcomgroup Hotel Chola'. In the year 1979 they entered the Paperboards business by promoting ITC Bhadrachalam Paperboards Ltd which today has become the market leader in India.
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