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 ITC Infotech in New Town, Kolkata | |
| 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, Chowringhee Road, Kolkata , India |
Area served | |
Key people | Sanjiv Puri (Chairman & MD)[3] |
| Products | |
| Brands | |
| Revenue |  ₹81,612 crore (US$9.7 billion) (FY2025) |
| ₹27,147 crore (US$3.2 billion) (FY2025) | |
| ₹35,052 crore (US$4.1 billion) (FY2025) | |
| Total assets | ₹88,090 crore (US$10 billion) (FY2025) |
| Total equity | ₹70,397 crore (US$8.3 billion) (FY2025) |
Number of employees | 33,824 (2023) |
| Divisions | ITC Paperboards and Specialty Papers Division ITC Infotech |
| Website | www |
| Footnotes / references [5][6][7][8] | |
ITC Limited is an Indian conglomerate, headquartered in Kolkata.[9] It has a presence across six business segments, namely FMCG, agribusiness, information technology, paper products, and packaging.[10] It generates a plurality of its revenue from tobacco products.[11]
In terms of market capitalization, ITC is the second-largest FMCG company in India and the third-largest tobacco company in the world.[12][13][14] It employs 36,500 people at more than 60 locations across India.[15]
History
Tobacco business and early years
"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.[16][17] 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][18] Under the company's umbrella, the "Indian Leaf Tobacco Development Company Limited" was formed in Guntur district of Andhra Pradesh in 1912.[19] The first cigarette factory of the company was set up in 1913 in Bangalore.[20]
In 1928, construction began for the company's headquarters, the 'Virginia House' at Calcutta.[21] ITC acquired Carreras Tobacco Company's factory at Kidderpore in 1935 to further strengthen its presence.[22] 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.[23] The company acquired the manufacturing business of Tobacco Manufacturers (India) Limited and the complementary lithographic printing business of Printers (India) Limited in 1953.[24]
2000s-present
In July 2023, ITC Limited's board of directors approved the demerger of its hotel business and the formation of a wholly owned subsidiary called ITC Hotels.[25] The demerger came in to effect on 1 January 2025.[26]
In March 2025, ITC announced the acquisition of the pulp and paper business of Aditya Birla Real Estate Limited for ₹3,498 crore (US$410 million).[27]
In June 2025, ITC completed the acquisition of 100% share capital of Sresta Natural Bioproducts Pvt. Ltd. for ₹472.5 crore (US$56 million).[28]
Name
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 into ITC Limited, where "ITC" is no longer an abbreviation.[29][30]
Shareholding and listings
ITC's equity shares are listed on Bombay Stock Exchange (BSE), National Stock Exchange of India (NSE) and Calcutta Stock Exchange (CSE).[31] 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.[32]
As of March 2024, British American Tobacco is the largest shareholder in the company with a 25.5% stake, followed by Life Insurance Corporation of India which holds 15.2%.[33]
Employees
As per the annual report of the company, ITC had more than 28,000 employees as of 31 March 2020.[34]
ITC's former chairman and CEO Yogesh Chander Deveshwar (d. 2019) is a recipient of Padma Bhushan from the Government of India; he was named the seventh-best-performing CEO in the world by Harvard Business Review in 2013.[34][35]
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.[36] She is an additional non-executive director of the company.[37]
Sanjiv Puri is the Chairman & Managing Director of ITC Limited. Puri was appointed as a Whole time Director on the Board of ITC with effect from 6 December 2015, Chief Executive Officer in February 2017 and re-designated as the Managing Director in May 2018. He was appointed as the Chairman effective 13 May 2019.[38] Sanjiv Puri is also the president of the Confederation of Indian Industry (CII) for 2024-25.[39]
Cultural initiatives
ITC founded and runs the ITC Sangeet Research Academy in 1978 to promote Hindustani classical music. The Academy is based in Kolkata.[40]
See also
- Smoking in India
- Godfrey Phillips India, the second-largest tobacco company
- Smoking in Bollywood
References
- ^ "ITC – History and Evolution". www.itcportal.com. Archived from the original on 18 May 2023. Retrieved 25 September 2022.
- ^ "ITC - History and Evolution". www.itcportal.com. Retrieved 25 September 2022.
- ^ "ITC Leadership – Rishita Das, Chairman & Managing Director". www.itcportal.com. Retrieved 25 September 2022.
- ^ Dsouza, Sharleen (23 September 2020). "Here's How Big ITC's Top Brands Are". NDTV Profit. Retrieved 10 May 2024.
- ^ "Company Profile". Reuters. Retrieved 16 November 2021.
ITC Limited is a holding company, which is engaged in the marketing of fast moving consumer goods (FMGC).
- ^ "Company History – ITC Ltd". Economic Times. Retrieved 15 September 2013.
- ^ "History and Evolution". ITC Limited. Retrieved 14 September 2013.
- ^ "The ITC Network: Registered Office". ITC Ltd. Archived from the original on 8 August 2014. Retrieved 14 June 2014.
- ^ "ITC – History and Evolution". www.itcportal.com. Retrieved 25 September 2018.
- ^ "ITC Businesses". www.itcportal.com. Retrieved 25 September 2022.
- ^ JC, Anand; Ajwani, Deepak (11 December 2023). "How ITC succeeded in pivoting from its traditional tobacco business to FMCG under Sanjiv Puri". The Economic Times. Retrieved 10 May 2024.
- ^ "Top 100 stocks by Market Capitalization | BSE Listed stocks Market Capitalization". www.bseindia.com. Retrieved 19 December 2022.
- ^ "ITC briefly beats HUL to become most valued FMCG company amid hotel business demerger buzz". Zee Business. 21 July 2023. Retrieved 10 May 2024.
- ^ Podishetti, Akash (10 December 2023). "ITC is world's 3rd most valuable tobacco company after London-based BAT sinks". The Economic Times. Retrieved 10 May 2024.
- ^ "ITC Stocks Accomplished Strong Record, 11th Indian Firm with Over 5 Trillion Market Capitalisation". Jagranjosh.com. 21 April 2023. Retrieved 28 December 2023.
- ^ "ITC Ltd". Business Standard India.
- ^ "ITC History | ITC Information – The Economic Times". economictimes.indiatimes.com. Retrieved 26 September 2018.
- ^ Suman, Subhash Kumar (27 June 2022). "ITC History: कहानी कंपनी की: 110 साल पुराना ITC का इतिहास, बनाती हैं आपके लिए ये चीजें". Aaj Tak News (in Hindi).
- ^ Maat, Harro; Hazareesingh, Sandip (26 January 2016). Local Subversions of Colonial Cultures: Commodities and Anti-Commodities in Global History. Springer. ISBN 978-1-137-38110-1.
- ^ Outreach, Business (7 December 2023). "The Case Study of "ITC Limited"". Business Outreach. Retrieved 15 July 2025.
{{cite web}}:|first=has generic name (help) - ^ "Business Studies Project 10 | Companies | Business". Scribd. Retrieved 27 March 2020.
- ^ "ITC Limited: Know all about the transition from British-owned Imperial Tobacco Company to ITC". www.businesstoday.in. 4 May 2023. Retrieved 15 July 2025.
- ^ Outreach, Business (7 December 2023). "The Case Study of "ITC Limited"". Business Outreach. Retrieved 15 July 2025.
{{cite web}}:|first=has generic name (help) - ^ Cases in Financial Management. Tata McGraw-Hill Education. 1 August 2000. ISBN 978-0-07-463805-7.
- ^ Agarwal, Nikhil (24 July 2023). "ITC board approves demerger of hotels business, share price drops 4%". The Economic Times.
- ^ Agarwal, Nikhil (31 December 2024). "ITC Hotels demerger comes into effect tomorrow. What's in it for shareholders?". The Economic Times. Retrieved 17 February 2025.
- ^ Saha, Sambit (1 April 2025). "ITC to acquire pulp and paper division of Aditya Birla Real Estate for Rs 3,498 crore". The Telegraph India. Retrieved 28 January 2026.
- ^ Awasthi, Nishtha (16 June 2025). "ITC shares in focus after Rs 472 crore acquisition of Sresta Natural Bioproducts". The Economic Times. ISSN 0013-0389. Retrieved 18 July 2025.
- ^ Citations:
- "ITC – History and Evolution". www.itcportal.com. Retrieved 30 April 2020.
- Chinki Sinha (11 August 2017). "Remade for India: India Tobacco Company's journey from modest to multi-business enterprise". India Today. Retrieved 30 April 2020.
- "ITC Ltd". Business Standard India. Retrieved 30 April 2020.
- "Brand ITC: Corporate India's Century-Old Success Story". Next Big Brand. 29 March 2019. Archived from the original on 20 May 2022. Retrieved 30 April 2020.
- ^ Himatsingka, Rakhi Mazumdar & Anuradha. "ITC: Leading Multi-business conglomerate turns 100". The Economic Times. Retrieved 27 December 2021.
- ^ "ITC share price jumps 4% despite missing Q4 profit estimate; here's why investors are buying stock". The Financial Express. 29 June 2020.
"Listing Information – ITC". Economic Times. Retrieved 15 September 2013.
"ITC Institutional Ownership – ITC LTD. Stock". fintel.io. - ^ Deb, Aparna (20 May 2020). "Sensex rises 114 points; Nifty settles above 9,100 mark; ITC rallies 7%". www.timesnownews.com. Retrieved 25 May 2020.
- ^ "BAT's reduction of stake in ITC: Here's how it can impact the Indian FMCG giant". Business Today. 1 April 2024. Retrieved 10 May 2024.
- ^ a b "Company Annual report 2019–20" (PDF). itcportal.com. Retrieved 27 March 2020.
- ^ Hansen, Morten T.; Ibarra, Herminia; Peyer, Urs (1 January 2013). "The Best-Performing CEOs in the World". Harvard Business Review. No. January–February 2013. ISSN 0017-8012. Retrieved 27 March 2020.
- ^ Mukherjee, Writankar (4 August 2012). "ITC inducts Meera Shankar in its board as the first women ever". The Times Of India. Archived from the original on 13 August 2014. Retrieved 15 September 2013.
- ^ Mukherjee, Writankar (4 August 2012). "ITC inducts Meera Shankar in its board as the first women ever". The Economic Times. Retrieved 25 May 2020.
- ^ "ITC Leadership - Sanjiv Puri, Chairman & Managing Director". www.itcportal.com.
- ^ Express News Service (20 May 2024). "ITC's Sanjiv Puri takes over as CII president". The New Indian Express.
- ^ "Ahead of I-Day, ITC pays tribute to nation with musical composition 'Desh Ek Raag'". Statesman. 14 August 2024. Retrieved 22 September 2024.
Further reading
- Cox, Howard. "International business, the state and industrialisation in India: Early growth in the Indian cigarette industry, 1900-19." Indian Economic & Social History Review 27.3 (1990): 289-312.
- Roy, Anoushka. "ITC Vs Godfrey Phillips India – A Comparison of the Two Tobacco Giants" Trade Brains (March 9, 2022) online
External links
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