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    INDUSTRY AND

    COMPANY PROFILE

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    COMPANY PROFILE-

    Y C Deveshwar

    ITC is one of India's foremost private sector companies with a market capitalizationof nearly US $ 15 billion and a turnover of over US $ 4.75 billion. Rated among the

    World's Best Big Companies, Asia's 'Fab 50' and the World's Most Reputable

    Companies by Forbes magazine, among India's Most Respected Companies by

    Business World and among India's Most Valuable Companies by Business Today,

    ITC ranks third in pre-tax profit among India's private sector corporations.

    ITC has a diversified presence in Cigarettes, Hotels, Paperboards & Specialty

    Papers, Packaging, Agri-Business, Packaged Foods & Confectionery, Information

    Technology, Branded Apparel, Greeting Cards, Safety Matches and other FMCG

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    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 and Greeting Cards.

    As one of India's most valuable and respected corporations, ITC is

    widely perceived to be dedicatedly nation-oriented. Chairman Y C Deveshwar calls

    this source of inspiration "a commitment beyond the market". In his own words:

    "ITC believes that its aspiration to create enduring value for the nation provides the

    motive force to sustain growing shareholder value. ITC practises this philosophy by

    not only driving each of its businesses towards international competitiveness but by

    also consciously contributing to enhancing the competitiveness of the larger value

    chain of which it is a part."

    ITC's diversified status originates from its corporate

    strategy aimed at creating multiple drivers of growth anchored on its time-tested

    core competencies: unmatched distribution reach, superior brand-building

    capabilities, effective supply chain management and acknowledged service skills in

    hoteliering. Over time, the strategic forays into new businesses are expected to

    garner a significant share of these emerging high-growth markets in India.

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    ITC's Agri-Business is one of India's

    largest exporters of agricultural products. ITC is one of the country's biggest

    foreign exchange earners (US $ 2.4 billion in the last decade).

    The Company's 'e-Choupal' initiative is enabling Indian

    agriculture significantly enhance its competitiveness by empowering Indian

    farmers through the power of the Internet. This transformational strategy, which

    has already become the subject matter of a case study at Harvard Business School,

    is expected to progressively create for ITC a huge rural distribution infrastructure,

    significantly enhancing the Company's marketing reach.

    ITC's wholly owned Information Technology subsidiary,ITC Infotech India Limited, is aggressively pursuing emerging opportunities in

    providing end-to-end IT solutions, including e-enabled services and business

    process

    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 corporate governance rating.

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    ITC employs over 21,000 people at more than 60 locations

    across India. The Company continuously endeavors to enhance its wealth

    generating capabilities in a globalizing environment to consistently reward more

    than 4,79,000 shareholders, fulfill the aspirations of its stakeholders and meet

    societal expectations.

    This over-arching

    vision of the company is expressively captured in its corporate positioningstatement: "Enduring value, for the nation, for the Shareholder."

    ITC BUSINESSES

    Cigarettes

    Foods

    Lifestyle Retailing

    Greeting, Gifting & Stationery

    Safety Matches

    Agarbattis

    P

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    FMCG

    HOTELS

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    Paperboards & Specialty Papers

    Packaging

    Agri Exportse- choupal

    Leaf Tobacco

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    Paperboards & Packaging

    Agri Business

    Information

    Group Companies

    FMCG

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    ITC is the market leader in cigarettes in India. With

    its wide range of invaluable brands, it has a

    leadership position in every segment of the market.It's highly popular portfolio of brands includes

    Insignia, India Kings, Classic, Gold Flake, Silk

    Cut, Navy Cut, Scissors, Capstan, Berkeley, Bristol and Flake.

    The Company has been able to build on its leadership position because of its single

    minded focus on value creation for the consumer through significant investments in

    product design, innovation, manufacturing technology, quality, marketing and

    distribution.

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    .

    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 corporate governance rating.

    ITC employs over 21,000 people at more than 60 locations across India. The Company

    continuously endeavors to enhance its wealth generating capabilities in a globalizing

    environment to consistently reward more than 4,79,000 shareholders, fulfill the

    aspirations of its stakeholders and meet societal expectations

    ITC practices this philosophy

    by not only driving each of its businesses towards international competitiveness but by

    also consciously contributing to enhancing the competitiveness of the larger value chain

    of which it is a part."

    ITC has used a lot of machine and method which helps to achieve

    competitive advantage and defecate all the competitor and gets synergic result which

    helps to globalize the organization.

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    ITC made its entry into the branded & packaged Foods business in August 2001 with the

    launch of the Kitchens of India brand. A more broad-based entry has been made since

    June 2002 with brand launches in the Confectionery, Staples and Snack Foods segments.

    The packaged foods business is an ideal avenue to leverage ITC's proven strengths in the

    areas of hospitality and branded cuisine, contemporary packaging and sourcing of

    agricultural commodities. ITC's world famous restaurants like the Bukhara and the

    Dum Pukht, nurtured by the Company's Hotels business, demonstrate that ITC has a

    deep understanding of the Indian palate and the expertise required to translate this

    knowledge into delightful dining experiences for the consumer. ITC has stood for

    quality products for over 96 years to the Indian consumer and several of its brands are

    today internationally benchmarked for quality.

    The Foods business carries forward this proud tradition to deliver quality food products

    to the consumer. All products of ITC's Foods business available in the market today

    have been crafted based on consumer insights developed through extensive market

    research. Apart from the current portfolio of products, several new and innovative

    products are under development in ITC's state-of-the-art Product Development facility

    located at Bengaluru.

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    ITC isblending its core capabilities to market a growing range of greeting, gifting

    & stationery consumer products. These capabilities include:

    i. Manufacturer of India's first environment friendly Elemental Chlorine Free

    (ECF) pulp, paper & paperboard

    ii. Knowledge of image processing, printing & conversion garnered from its

    Packaging & Printing Business

    iii. Brand Building & Trade marketing & distribution strengths resident in its

    FMCG

    ITC's stationery brands Paper Kraft & Classmate are the most widely distributed

    brands across India. The Paperkraft designer stationery range consists of

    notepads & multi subject notebooks in hard, soft covers & multiple binding formats

    including spirals, wiros etc. Paperkraft is targeted at working executives and

    college goers.

    The Classmate range consists of notebooks, long books, drawing, practical and

    graph & scrap books in multiple sizes, rulings & page variants. Classmate

    addresses the needs of school children across the country. The range builds in

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    http://www.itcportal.com/foods/foods_sunfeast.htmlhttp://www.itcportal.com/foods/foods_mint-o.htmlhttp://www.itcportal.com/foods/foods_mint-o.htmlhttp://www.itcportal.com/foods/foods_bingo.htmlhttp://www.itcportal.com/foods/foods_aashirvaad.htmlhttp://www.itcportal.com/foods/foods_sunfeast.htmlhttp://www.itcportal.com/foods/foods_mint-o.htmlhttp://www.itcportal.com/foods/foods_mint-o.htmlhttp://www.itcportal.com/foods/foods_bingo.htmlhttp://www.itcportal.com/foods/foods_kitchens.html
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    countries.

    In recognition of its quality products & processes, the business has been awarded

    with ISO 9001:2000 by Messrs Det Norske Veritas.

    As part of its strategic initiative to create multiple drivers of growth in the FMCG

    sector, ITC has commenced marketing safety matches sourced from the small-scale

    sector. This business leverages the core strengths of ITC in marketing and

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    distribution, brand building, supply chain management and paperboard &

    packaging to offer Indian consumers high quality safety matches.

    These matches are available in unique designs and with innovative value added

    features. ITC's brands like iKno, Mangaldeep, VaxLit, Delite and Aim have

    already become popular. The Aim brand is already the largest selling brand of

    Safety Matches in India. Export of premium brands has also commenced to markets

    such as Europe, Africa and the USA. distribution.

    As part of ITC's business strategy of creating multiple drivers of growth in the

    FMCG sector, the Company has commenced marketing agarbattis (incense sticks)

    sourced from small-scale and cottage units. This business leverages the core

    strengths of ITC in nation-wide distribution and marketing, brand building, supply

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    chain management, manufacture of high quality paperboards and the creation of

    innovative packaging solutions to offer Indian consumers high quality agarbattis.

    ITC has launched Mangaldeep Agarbattis across a wide range of fragrances like

    Rose, Jasmine, Bouquet, Sandalwood, Madhur, Durbar, Tarangini, Anushri,

    Ananth and Mogra. Recently, a new fragrance Yantra has been launched which

    evokes the ambience of a temple. Mangaldeep is also available in 3-in-1 and 5-in-1

    packs giving the consumer a choice of fragrances in a single pack. Mangaldeep isappropriately priced to appeal to a cross-section of consumers at various price

    segments. These agarbattis are available in innovative 'Fragrance-Locked'

    packaging. 'Fragrance locking' is a unique concept of packaging which retains the

    fragrance for a longer period and helps in "Completing the Purity of Prayer".

    The 'Mangaldeep' brand is fast emerging as the only national brand in an industry

    dominated by multiple local brands. Mangaldeep is also being exported to United

    States of America, United Arab Emirates, Bahrain, Nepal, Singapore, Malaysia,

    Oman and South Africa.

    With its participation in the business, ITC aims to enhance the competitiveness of

    the small and medium scale sectors through its complementary R&D based product

    development and strengths in trade marketing and distribution.

    Six of ITC's small-scale manufacturers are the first in the country to receive the

    ISO 9000-2001certification for agarbatti making.

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    ITC has also entered into an MOU with the Khadi & Village Industries

    Commission (KVIC) to source agarbattis from KVIC approved units, and to

    distribute agarbattis through the Khadi Bhavan / Khadi Bhandar outlets across the

    country. This collaborative venture is expected to result in employment generation,

    particularly in the semi-urban and rural areas.

    ITC is also supporting an 'Agarbatti Community Participation Programme' run by

    the Vyakti Vikas Kendra, a non-profit organisation founded by the renownedspiritual guru Sri Sri Ravishankar and located near Bengaluru. Over 100 village

    women are gaining from the training that this organisation imparts in rolling

    agarbattis. ITC is also beginning to extend similar support to other NGOs in states

    like Bihar, Tripura and Tamil Nadu, who are also setting up agarbatti units, training

    village women in rolling agarbattis and employing these women in these units.

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    ITCs Lifestyle Retailing Business Division has established a nationwide retailing

    presence through its Wills Lifestyle chain of exclusive specialty stores. Wills

    Lifestyle, the fashion destination, offers a tempting choice of Wills Classic work

    wear, Wills Sport relaxed wear, Wills Clublife evening wear, fashion accessories

    and Essenza Di Wills an exclusive range of fine fragrances and bath & body care

    products for men and women. Wills Lifestyle has also introduced Wills Signature

    designer wear, designed by the leading designers of the country.

    With a distinctive presence across segments at the premium end, ITC has also

    established John Players as a brand that offers a complete fashion wardrobe to the

    male youth of today. The recent launch of Miss Players with its range of trendy

    fashion wear for young women has been a successful addition to the youth

    portfolio. With its brands, ITC is committed to build a dominant presence in the

    apparel market through a robust portfolio of offerings

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    ITC's Wills Lifestyle believes in the philosophy of

    'Enjoying the Change' - the change that comes through

    actively exploring one's own multifaceted ness and

    stretching one's limits. This season, Wills Lifestyle

    presents a complete fashion wardrobe that complements

    every facet of your lifestyle - at work, when you're

    relaxed and while you party.

    Wills Lifestyle has been established as a chain of

    exclusive specialty stores providing the Indian consumer

    a truly 'International Shopping Experience' through

    world-class ambience, customer facilitation and clearly

    differentiated product presentation. Our stores have

    established themselves as preferred shopping destinations

    in the prime shopping districts across the country.

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    At Wills Lifestyle, customers can browse at leisure, and shop in a relaxed and pleasing

    atmosphere. The use of space is refreshing, which is reflected even in the spacious

    changing rooms. Every store offers an international retailing ambience with the extensive

    use of glass, steel and granite, reflecting the most contemporary trends in store design,

    thereby creating a splendid backdrop for the premium offerings.

    Superbrand 2006 was recently awarded to Wills Lifestyle by the Superbrands

    Council of India. At the Images Fashion Awards 2001 & 2003, Wills Lifestyle was

    declared ' The Most Admired Exclusive Brand Retail Chain of the Year'.

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    Continuing with its philosophy of bringing to Indian

    consumers world class products that enrich the quality

    of their lives, ITC launched Essenza Di Wills - an

    exclusive range of fine fragrances and bath & body care

    products for men and women in July 2005. Inizio, the

    signature range under Essenza Di Wills provides a

    comprehensive grooming regimen with distinct lines for

    men (Inizio Homme) and women (Inizio Femme).

    The rich and sensual fine fragrances are all day offerings designed by the leading

    international fragrance houses in France. The personal care range includes a host of bath

    and body care products that share the same olfactory signature of the mens and

    womens fine fragrances to offer you a harmonized fragrance experience.

    Inizio by Essenza Di Wills promises you a timeless experience. An invitation to discover

    your true essence, your soul. At select Wills Lifestyle stores. Enjoy the Change.

    Wills Lifestyle complements the range of premium apparel with a tempting choice of

    fashion accessories. This season a wider choice of accessories will be offered across ties,

    cuff links, socks, caps, hand bags, wallets, belts, eyewear and shoes. With the

    introduction of premium formal and relaxed jackets in the range, Wills Lifestyle will

    continue to offer the definitive look of the season.

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    ITC forayed into the youth fashion segment with the launch of John Players in

    December 2002 and John Players is committed to be the No. 1 fashion brand for the

    youth. This foray leverages ITCs proven competencies in understanding consumer

    insights, brand building and design capabilities.

    Hrithik Roshan, Superstar and Youth Icon, with his innate style, vibrancy and

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    playfulness best personifies the core attributes of the brand as its ambassador.

    John Players offers a complete and vibrant wardrobe of Casual wear, Party wear,

    Work wear, Denims, Outer wear and Suits & Jackets,

    incorporating the most contemporary trends, an exciting mix

    of colors, playful styling, trendy textures and comfortable

    fits.

    The brand is available across the country through a nation-

    wide network of over 175 exclusive stores and over 1500

    outlets.

    At the Images Fashion Awards 2005, John Players was declared 'The Most

    Admired shirt brand of the year.

    At the Images Fashion Awards 2007, John Players was awarded the 'The Most

    Admired Fashion Campaign of the Year' award.

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    The recent launch of Miss Players has added to the

    youth portfolio. The range which spans across trendy tops,

    funky denims, smart trousers and stylish dresses along with

    a whole range of cool fashion accessories has been designed

    keeping in mind the tastes of the female youth of the

    country.

    Well known film actor Amrita Rao, with her vibrant and

    youthful personality, is the face of the marketing campaign. In the brand marketing

    campaign, she stylishly brings alive the spirit of fun and playfulness.

    Miss Players is currently available at select exclusive stores and at leading John

    Players stores in key cities. The availability of the brand will be rapidly enhanced to

    reach exclusive stores and multi-brand outlets in malls & high-street locations in the

    key consumption centres of the country.

    Having built a powerful brand portfolio that is making waves across the country, ITC's

    Lifestyle Retailing is poised to grow and build a dominant presence in the country's

    fashion industry.

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    ITC Limited entered the hotels business in 1975 with the acquisition of a hotel in

    Chennai, which was rechristened Hotel Chola. Since then the ITC-Welcome group

    brand has become synonymous with Indian hospitality. Today amongst India's

    finest and fastest growing hotel chains, it consists of over 70 hotels across as

    many destinations in India. These include super deluxe and five star hotels,

    heritage palaces, havelis and resorts and full service budget hotels.

    The 440-room ITC Maurya at New Delhi is not only

    amongst the leading business hotel in the country, but

    is in a class by itself. Complete with the 'ITC One',

    the hotel has played host to a galaxy of world

    dignitaries, including Bill Clinton and Bill Gates. In

    fact, even as he was leaving the White House, the

    former US President nostalgically recalled the

    memories of a fabulous Indian meal he and his

    family had at the Bukhara restaurant in the hotel.

    Bukhara has been declared the Best Indian

    Restaurant in the world, by 'The Restaurant

    Magazine', UK. It has also been voted the Best

    Restaurant in Asia and is the only Indian restaurant

    to feature in the list of 50 Best Restaurants in the

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    World for five yearssince 2002.

    In keeping with its plan to have a presence in every major

    business destination in India, ITC-Welcomgroup unveiled

    one of Asia's finest business resort, the 238-room ITC

    Sonar in Kolkata on December 31, 2002.

    Another landmark hotel - the ITC Grand Central in Parel,

    Mumbai was formally inaugurated in January 2005. Thisfive star deluxe property with 242 suites and rooms offers

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    international standards of service, state of the art

    amenities and culinary excellence.

    ITC's Packaging & Printing Business is the country's largest convertor of

    paperboard into packaging. It converts over 35,000 tonnes of paper and

    paperboard per annum into a variety of value-added packaging solutions for the

    food & beverage, personal products, cigarette, liquor, cellular phone and IT

    packaging industries. It has also entered the Flexibles and Corrugated Cartons

    business.

    The Division, which was set up in 1925 as a strategic backward integration for

    ITC's Cigarettes business, is today India's most sophisticated packaging house.

    State-of-the-art technology, world-class quality and a highly skilled and dedicated

    team have combined to position ITC as the first-choice supplier of high value

    added packaging.

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    Following the amalgamation of the erstwhile ITC Bhadrachalam Paperboards

    Limited with ITC in 2002, the Paperboards and Specialty Papers businesses were

    merged to harness strategic and operational synergies.

    The Company's full range of products is depicted in the chart below: -

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    including sophisticated quality controls, enables ITC to process and deliver

    100 million kgs of high quality tobaccos per annum.

    ITC's quality emanates from its strategy of intimate involvement with the tobacco

    farmers in India. Through technology and knowledge transfer, ITC enables the

    Indian tobacco farmer to adopt best practices. ITC's team of qualified and

    trained managers and support staff constantly assist the tobacco farmer inassimilating new ideas in quality and productivity. ITC also co-operates with

    Government agencies to develop new varieties of tobacco, and to develop new

    areas for tobacco cultivation.

    ITC is aggressively exploring strategic growth opportunities by innovatively

    blending and extending the Company's proven competencies in the procurement of

    agricultural products, storage and supply chain management. Closely dovetailing

    with this strategic endeavor, ITC-ILTD is venturing into the spices business.

    This entry into spices, specially branded spices, will further boost ITC's efforts to

    export India's agricultural products. ITC's engagement with spices will effectively

    leverage ILTD's established expertise in crop development, procurement,

    These factories are

    supported with in-house warehousing which are benchmarked to international

    standards to guarantee hygiene and infestation control. It is the largest buyer,processor and exporter of cigarette tobaccos in India.

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    ITC Infotech India Ltd., a global IT services company,

    has established itself as a key player in the offshoring

    arena, growing at a cumulative annual growth rate

    (CAGR) of around 85%, outpacing most of its industry

    counterparts. The company offers a powerful customer value proposition by

    combining the experience it has accrued by providing a wide range of outsourcing

    services to global customers with the core practitioners expertise it inherits from

    the ITC group in select key industry verticals where ITC enjoys leadership status.

    Profiled by Forrester Research as a Leading Tier 2 vendor, ITC Infotech combines

    its industry vertical expertise with world-class technology capabilities to deliver

    business-friendly solutions in four global verticals: Consumer Packaged Goods

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    (CPG) & Retail, Travel & Hospitality (T&H), Manufacturing and Banking,

    Financial Services & Insurance (BFSI).

    Based in the picturesque ITC Infotech Park that sprawls across 37 acres in the heart

    of Bengaluru city, and through its wholly owned subsidiaries in the UK and the US,

    ITC Infotech services Fortune-listed clients across North America and Europe. The

    company today boasts a strength of 1,785 employees, while CLI3L, ITC Infotechs

    Joint Venture with Client Logic, one of the largest contact centre businesses in theworld, has grown into a 24X7 technical support powerhouse with over 2,600

    employees.

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    ITC IN SAHARANPUR

    By 1924 ITC had already one unit ion Munger and in bangalore and needs

    were more in North due to the increasing demand, a unit was needed to set in the

    north. As the basic mode of transportation was by rail or river and as Saharanpur

    was situated on the railway line connecting Calcutta and Bombay with west Punjab,

    right up to Peshawer, Saharanpur served to be ideal.

    By May 1926, the factory at Saharanpur was ready and under the

    managership of Mr. J.P. Hill it started manufacturing cigarette. Initially the

    methods and motors were primitive and unsophisticated, it produced 5.2 millioncigarette at the first month, brands bing RED BIRDS, PEACOCK, DUCK AND

    MADARI followed later by SILVER CLASS and PEDRO, with the addition of

    SCISSORS at about 1930.

    In 1943 it achieved a production of 518 million, It had then introduced a

    new brand , PASSING SHOW . In 30th Dec. 1953 major landmark achieved which

    earned working relationship between workers and management. The first long term

    settlement was signed

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    Business Units

    FMCG - Cigarettes Kolkata (West Bengal)

    Bangalore (Karnataka)

    Munger (Bihar)

    Saharanpur (Uttar Pradesh)

    Hotels ITC Hotel Maurya (New Delhi)

    ITC Hotel Grand Maratha (Mumbai)

    ITC Hotel Grand Central (Mumbai)

    ITC Hotel Sonar Bangla (Kolkata)

    Welcome Hotel (New Delhi)

    Welcome Hotel Chola (Chennai)

    Welcome Hotel Mughal (Agra)

    ITC Hotel Windsor (Bangalore)

    Welcome Hotel Rajputana Palace (Jaipur)

    Paperboards, Paper & Packaging Munger (Bihar)

    Tiruvottiyur (Tamil Nadu)

    Tribeni (West Bengal)

    Bhadrachalam (Andhra Pradesh)

    Bollarum (Andhra Pradesh)

    Kovai (Tamil Nadu)

    Agri Business Anaparti (Andhra Pradesh)

    Chirala (Andhra Pradesh)

    Research Centre, Rajahmundry (Andhra Pradesh)

    Lifestyle Retailing Design & Tech. Centre, Gurgaon (Haryana)

    Others ITC R & D Centre, Bangalore (Karnataka)

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    History of firm

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    ITC was incorporated on August 24, 1910 under the name of 'Imperial

    Tobacco Company of India Limited'. Its beginnings were humble. A leased

    office on Radha Bazar Lane, Kolkata, was the centre of the Company's

    existence. The Company celebrated its 16th birthday on August 24, 1926,

    by purchasing the plot of land situated at 37, Chowringhee, (now renamed

    J.L. Nehru Road) Kolkata, for the sum of Rs 310,000. This decision of the

    Company was historic in more ways than one. It was to mark the beginning

    of a long and eventful journey into India's future. The Company's

    headquarter building, 'Virginia House', which came up on that plot of land

    two years later, would go on to become one of Kolkata's most venerated

    landmarks. The Company's ownership progressively Indianised, and the

    name of the Company was changed to I.T.C. Limited in 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-Exports, Foods, Lifestyle

    Retailing and Greeting Gifting & Stationery - the full stops in the Company's

    name were removed effective September 18, 2001. The Company now

    stands rechristened 'ITC Limited'.

    Though the 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

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    corporate transformation that would usher in momentous changes in the life

    of the Company.

    ITC's Packaging & Printing Business was set up in 1925 as a strategic

    backward integration for ITC's Cigarettes business. It is today India's most

    sophisticated packaging house.

    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. ITC chose the hotels business

    for its potential to earn high levels of foreign exchange, create tourism

    infrastructure and generate large scale direct and indirect employment.

    Since then ITC's Hotels business has grown to occupy a position of

    leadership, with over 100 owned and managed properties spread across

    India.

    In 1979, ITC entered the Paperboardsbusiness by promoting ITC

    Bhadrachalam Paperboards Limited, which today has become the market

    leader in India. Bhadrachalam Paperboards amalgamated with the

    Company effective March 13, 2002 and became a Division of the Company,

    Bhadrachalam Paperboards Division. In November 2002, this division

    merged with the Company's Tribeni Tissues Division to form the

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    Paperboards & Specialty Papers Division. ITC's paperboards' technology,

    productivity, quality and manufacturing processes are comparable to the

    best in the world. It has also made an immense contribution to the

    development of Sarapaka, an economically backward area in the state of

    Andhra Pradesh. It is directly involved in education, environmental

    protection and community development. In 2004, ITC acquired the

    paperboard manufacturing facility of BILT Industrial Packaging Co. Ltd

    (BIPCO), near Coimbatore, Tamil Nadu. The Kovai Unit allows ITC to

    improve customer service with reduced lead time and a wider product

    range.

    In 1985, ITC set up Surya Tobacco Co. in Nepal as an Indo-Nepal and

    British joint venture. Since inception, its shares have been held by ITC,

    British American Tobacco and various independent shareholders in Nepal.

    In August 2002, Surya Tobacco became a subsidiary of ITC Limited and its

    name was changed to Surya Nepal Private Limited (Surya Nepal).

    In 1990, ITC acquired Tribeni Tissues Limited, a Specialty paper

    manufacturing company and a major supplier of tissue paper to the

    cigarette industry. The merged entity was named the Tribeni Tissues

    Division (TTD). To harness strategic and operational synergies, TTD was

    merged with the Bhadrachalam Paperboards Division to form thePaperboards & Specialty Papers Division in November 2002.

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    Also in 1990, leveraging its agri-sourcing competency, ITC set up the Agri

    Business Division for export of agri-commodities. The Division is today

    one of India's largest exporters. ITC's unique and now widely acknowledged

    e-Choupal initiative began in 2000 with soya farmers in Madhya Pradesh.

    Now it extends to 10 states covering over 4 million farmers. ITC's first rural

    mall, christened 'Choupal Sager' was inaugurated in August 2004 at

    Sehore. On the rural retail front, 24 'Choupal Sager' are now operational in

    the 3 states of Madhya Pradesh, Maharashtra and Uttar Pradesh.

    OBJECTIVE

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    Our main objectives are:

    To provide our clients with the best

    consulting services.

    To expand our clients base over the Arab

    region.

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    To provide our employees with the best

    training and working environment.

    To be updated with the latest technology andbusiness tool.

    MISSION OF I.T.C

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    ITC's (e)missionA revision

    TheNovember 2008 issue of the ITC News included an article with the title "ITC's

    (e) mission", which dealt with ITC's CO2 emission in 2007. In the calculations of

    this emission, I had to make use of a considerable number of conversion values,

    using literature and other sources. Unfortunately, one of the values I used proved to

    be wrong, with important effects on the calculated emission values. This concerned

    the emission due to air travel. In the original article, air travel was supposed to

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    account for about 7 tons in 2007. I now conclude that the best value is some 1300

    tons CO2. It is, however, impossible to give accurate values due to e.g., differences

    in airlines, variations in airplane and age, number of passengers onboard, number

    of en-route take-offs and landings, jet streams and others. For a Boeing 747, the

    range of values found varies between 10 and 20 liters of fuel per passenger and per

    km. Here, I use the information from British Airways, with 14.7 liter per

    passenger.km as best estimate. The estimate of the average CO2 emission due to

    fuel consumption had to be adjusted to 0.12104 kg CO2 per passenger.km for a

    Boeing 747. For a Boeing 737, this was adjusted to 0.09549 kg CO2 per

    passenger.km.

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    VISION OF I.T.C

    ITC's Vision

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    To enhance the capacity of the

    organization not only in INDIA but

    also for global market for getting

    competitive advantage in terms of

    gaining synergic result.

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