ITC Full Form
ITC Full Form-What is ITC? ITC Limited is an Indian company headquartered in Kolkata, West Bengal. ITC deals in buisness with the manufacture of prducts such as cigarettes, FMCG, hotels, packaging, paperboards and specialty papers and agribusiness
ITC Full Form
|India Tobacco Company|
FAQs About ITC:
ITC is a privately owned company and a part of the $30 billion diversified conglomerate Aditya Birla Group. In terms of market capitalization, ITC is the eighth largest listed company in India and is traded at Rs 1,775. The company has a market capitalization of $38 billion as at 17th November 2018. The company has been listed on the Bombay Stock Exchange (BSE) since 1994 and the National Stock Exchange (NSE) since 2003. (Source: Company Filings and IBISWorld) ITC has a diverse business structure with businesses in various different sectors. The core business of ITC is the manufacture and sale of cigarettes. ITC's Main Business Segments: The cigarettes business generated 76% of the total revenue in 2017. The food and refreshment segment generated 12% of the total revenue.
ITC is a leading producer of raw materials and export of agro-based food, pharma and industrial chemicals. With a very strong global reach, the company has offices in over 80 countries across the world. ITC also has a presence in specialized areas such as leather, tea, petrochemicals, sugar and ethanol. Company overview ITC Ltd. was incorporated on 7th April, 1923, and was listed on Bombay and National Stock Exchanges in 1946. ITC commenced its operations through manufacturing of ropes, spars, etc. for export. In 1947, the company diversified into the cigarette industry and diversified into FMCG sector in 1957. In 1967, the company ventured into packaging with the acquisition of Waterman Packaging. In 1968, the company took over Page Industries Limited in the same sector.
ITC Limited sells branded packaged papers, such as Fishermen's Paper, Trafigura Corrugated Films and Limoncello Cardboard through various distribution channels to end customers such as specialty and commercial printing, graphic arts, ink and glue packaging, directories and other materials. ITC Limited's cigarette products include export cigarettes, cigars, charas, snuff and loose cigarettes. These are sold through both corporate and distributor channels to customers in the domestic and international markets. ITC Limited's FMCG includes brands such as Sunfeast, Rama Vilas, Lucky Strike, Livefist, Tropicana, Glucon D, Bonbon, ITC, Timex, Country Fresh, and Sunlit that are sold through retail and supermarket chains in India and abroad.
In February 2016, ITC's said it was going to add to its $1.5 billion dollar portfolio through a partnership with Nestle. A week later, it announced that it had formed a joint venture with Mondelez International, the company behind the Cadbury brand, to sell Cadbury snacks and other products in India. The partnership is expected to be completed by the end of 2017. In January 2017, it was reported that ITC was looking to sell its Tarpon Breweries in South Africa, one of the world's top five makers of lager beer, for a hefty $230 million. ITC Foods ITC, as a company, has brands that range from popular ones like Chilli-Lime Coke and Cola-Pepper Dolce Soda to some lesser-known brands like Tandoori Ghee and Idli-Dosa coffee creamer. All of them are popular in India.