ITC Limited

ITC

 

                                                    

The ITC (Imperial Tobacco Company of India Limited) was initially named as British American Tobacco Company started in August 24, 1910. It was under British ownership. By 1970, the company shares were bought by Indians and the company name was changed to Indian Tobacco Company Limited. By 1974, the  company name was changed to ITC Limited. The company’s headquarters is located at Kolkata named as Virginia House.

The first business was Cigarettes and Leaf Tobacco Businesses. ITC’s packaging and printing business was setup at 1925. In 1975, the hotels business was started by ITC named as ITC Welcom Group and Chola. In 1979, Paperboard business was started.

History of ITC Video: 

 In 1985, ITC’s subsidiary named Surya Tobacco Co was started at Nepal. In 1990, Agri Business Division was started. In 2000, Lifestyle Retailing was started. In 2000, Information Technology business was started. 

In 2001, Branded packaged foods was initiated. In 2002, Paperboards and Specialty Papers Division was started. The Education and stationery products named Classmate, Paperkraft, Colourcrew was started.  It was India’s first environment friendly business.

In 2002, Agarbattis and safety matches business was launched. In 2005, the Personal Care products were launched. In 2010, the Tobacco portfolio was expanded to hand rolled cigar named Armenteros. 

       

The Vision of ITC Limited is “Sustain ITC’s position as one of India’s most valuable corporations through world class performance, creating growing value for the Indian economy and the Company’s stakeholders. “   

The Mission of ITC Limited is “To enhance the wealth generating capability of the enterprise in a globalizing environment, delivering superior and sustainable stakeholder value. “

           The Core Values of ITC Limited is Trusteeship, Customer Focus, Respect for people, Excellence, Innovation and Nation Orientation.  

The ITC’S triple bottom line is Social, Economic, Environmental.

The Leadership team of ITC is:

                                      

Chairman :                     Y C Deveshwar   

                                     

Executive Directors :     Nakul Anand

                                         P V Dhobale

                                         K N Grant

           Non – Executive Directors:            A Baijal                      
                                                                     S H Khan
                                                                     S B Mathur  
                                                                     Meera Shankar
                                                                     S Banerjee   
                                                                     R E Lerwill
                                                                     P B Ramunjam  
                                                                     K Vaidyanath
                                                                    A V Girija kumar  
                                                                    S B Mainak
                                                                    S S H Rehman. 

          Corporate Management Committee :    Y C Deveshwar            
                                                                              Nakul Anand
                                                                              P V Dhobale
                                                                              K N Grant                                                                               Anand Nayak
                                                                              T V Ramaswamy
                                                                              S Sivakumar
                                                                              K S Suresh
                                                                              Rajiv Tandon
                                                                              B B Chatterjee.

     Financial Status: 

ITC Financial Highlights
	2014
Gross Income	48,176
Net Segment Revenue (other than Cigarettes)	21,845
PBIT	12,662
Profit After Tax	8,785
Assets Employed	39,229
Market Capitalization*	2,84,307
CAGR in Total Shareholder Returns in the period 1996-2014 : 25.9%

*As on 25th July, 2014                                         The ITC is one among the leading companies in India with diversified businesses. The plan for development for upcoming years is promising to believe that the performance of ITC will reach greater heights.