ITC Ltd is an Indian public conglomerate company headquartered in Kolkata, West Bengal.
It started off as the Imperial tobacco Company of India in August 24,1910.
BUSINESS SEGMENTS
Its diversified business includes 4 segments:
FMCG
HOTELS
PAPERBOARDS
PAPER&PACKAGING AND AGRI BUSINESS
KEY PEOPLE
Y C DEVESWARYogesh Chander Deveshwar joined ITC in 1968and became its CEO in 1996.
Deveswar has been ranked as the seventh best performing CEO in the world by the Harward Business Review in its January-February 2013 edition.
In 2011, he was conferred with the Padma Bhushan by the Government of India,honouring his contribution to the Nation.
MEERA SHANKAR
Meera Shankar joined the board of ITC Ltd as the first woman Director in its history.
She is an additional non-executive director of the company.
ABOUT THE COMPANY
ITC contains a wide range of businesses:
Cigarettes TobaccoHotelsInformation TechnologyPackaging Paperboards&Speciality Papers Agri-business Foods Lifestyle RetailingEducation &StationeryPersonal Care
VISION&MISSION
VISION
Sustain ITC’s position as one of India’s most valuable corporations throughworld class performance, creating growing value for the Indian economyand the company’s stakeholders.
MISSION
To enhance the wealth generating capability of the enterprise in a globalizing environment, delivering superior and sustainable stakeholder value
The earlier decades of the company the existence mainly depending on
Growth and consolidation of the cigarettes and
Leaf tobacco business
In 1970 s it started to transform into a Corporate.
1975- The company launched its Hotel business. [ITC Welcomgroup Hotel Chola]
1979-ITC entered the Paperboard business. [ITC Bhadrachalam paperboards Ltd]
HISTORY
1985- ITC set up Surya Tobacco Company.
2000-Greeting,Gifting and Stationery products.
2002-Papercraft,premium range of notebooks.
2003-Popular range of notebooks under brand "classmate”.
2007-2009 launched children books, slam books, geometry boxes, Pens& Pencils under classmate brand.
2008-launched India’s first environment friendly premium business papers.
DIVERSIFIED BUSINESS SEGMENTS:
Tobacco Stationery Agri- Business IT Branded Apparels Packaged foods&Confectinery Personal Care Hotels
Tobacco
ITC is the market leader in cigarettes in India.ITC’s highly popular brands includes:
•India Kings •Classic •Gold Flake •Navy Cut •Scissors •Berkeley•Bristol •Flake
Stationery
Classmate NotebooksClassmate PensClassmate PencilsPrecision instrumentsErasers & SharpenersPaperkraft
Agri -Business
ITC's Agri Business Division is the country's second largest exporter of agri-products. It currently focuses on exports and domestic trading of:
Feed Ingredients - Soya mealFood Grains - WheatMarine Products - Shrimps and PrawnsProcessed Fruits - Fruit Concentrates, Frozen FruitsCoffee
INFORMATION TECHNOLOGY
The company services industries including:
Banking Financial Services & Insurance (BFSI)Consumer Packaged Goods (CPG)Retail Manufacturing, Engineering Services, Media & EntertainmentTravel, Hospitality, Life Sciences Transportation & Logistics.
LIFESTYLE RETAILING
ITC's Lifestyle Retailing Business Division Wills Lifestyle John Players.
won numerous awards for its: Qualitymarketing product excellence
Packaged foods&Confectinery
ITC's Branded Packaged Foods business is one of the fastest growing foods businesses in India
The Foods business is today represented in 4 categories:
Snack FoodsReady To Eat Foods ConfectioneryStaples
PACKAGING
ITC's Packaging & Printing Business is the largest value added converter of paperboard packaging in South Asia.
Its client list includes :
• Nokia• Colgate Palmolive • British American Tobacco• Philip Morris International• Agio Cigars• Tata Tea• Akbar Brothers
The Division was set up in 1925
PERSONAL CARE
ITC forayed into the Personal Care business in July 2005.ITC's Personal Care portfolio under:
Essenza Di WillsFiama Di WillsVivelEngageSuperia
ITC WELCOMGROUP HOTELS
India’s second largest hotel chain with over 100 hotels.
Best employers in Asia in the hospitality sector.
ITC hotels currently owns and operates 100 hotels in 75 destinations.
The distinct brands are:
ITC-Luxury Collection HotelsSheraton HotelsFortune HotelsWelcomHeritage Hotels
HOTELS:ITC Grand Chola,ChennaiITC Maurya,New DelhiITC Gardenia,BengaluruITC Mughal,AgraWelcomHotel Vadodara
SOCIAL RESPONSIBILITY
Carbon positive for 8 years.
Water positive for 11 consecutive years.
Solid waste recycling positive for the last 6 years.
RURAL INITIATIVES
Women’s Empowerment programme
Places computers with Internet access in rural farming villages. E- choupals: e-choupals serve as both a social gathering place for exchange information and e-commerce hub.
ITC’s Agri-business is India’s second largest exporter of agricultural products.[Foreign Exchange earners]
GLOBAL RECOGNITION
ITC has been ranked No.1 as the ‘Most active in CSR’ for 2 successive years.[Nelson Corporate Image Monitor]
Highest weightage in GREENEX&CARBONEX.
CONCLUSION
The journey to create world –class brands, that will bring pride to our country.
Commitment towards creating enduring and to put India first.
Can expect greater glory in coming years.