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| Type | Public (BSE:ITC) |
|---|---|
| Founded | 24 August 1910 Radha Bazar Lane, Kolkata, India |
| Headquarters | Kolkata, India |
| Key people | Yogesh Chander Deveshwar, Chairman K. Vaidyanath, Director, Partho Chatterjee, CFO |
| Industry | Tobacco, foods, hotels, stationery, greeting cards |
| Products | Cigarettes, packaged food, hotels, apparel |
| Revenue | ▲ $4.75 billion USD (2006) |
| Employees | 21,000 (2007) |
| Website | www.itcportal.com |
ITC Limited which previously stood for Imperial Tobacco Company of India Limited,[1] is an Indian conglomerate with a turnover of US $ 4.75 billion. It ranks third in pre-tax profit among India's private sector corporations.The company has its registered office in Kolkata.
The company is currently headed by Yogesh Chander Deveshwar. It employs over 20,000 people at more than 60 locations across India and is listed on Forbes 2000. The Training Centre of the company is in Munger, Bihar. ITC is also known as "Chatkal" (especially in Munger).
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List of products & brands
ITC has a diversified presence in
- Cigarettes: W. D. & H. O. Wills, Gold Flake, Navy Cut, Insignia, India Kings, Classic Verve , Classic, Silk Cut, Scissors, Capstan, Berkeley, Bristol and Flake
- Hotels: ITC Welcomgroup Hotels, Palaces and Resorts is India's second largest hotel chain with over 80 hotels. Based out of Hotels Division Headquarters at the ITC Green Centre in Gurgaon, ITC Welcomgroup is also the exclusive franchisee of The Luxury Collection brand of Starwood Hotels and Resorts in India
- Paperboards & Specialty Papers: ITC Bhadrachalam Paperboards Limited & ITC Tribeni Tissues Division are now under one roof --> Paper Boards and Specialty Papers Division. There are 4 Units under one umbrella - Bhadrachalam, Tribeni, Bollarum and Kovai.ITC PSPD
- Packaging & Printing Business: India's Largest Packaging Solution provider with In-house film manufacturing capabillty. Multi-locational manufacturing facilities to cater to domestic and export requirements.Product Range includes Cartons (Folding & Fluted), Flexibles (Reels & Pouches), Shoulder Box, HL's & CBO, Printed Cork Tipping, Gaywraps. ITC PPB
- Agricultural Industry: Agri-Business, Leaf Tobacco, Gold Ribbon, Blue Ribbon, Aqua Kings, Aqua Bay, Aqua Feast and Peninsular
- Packaged Foods & Confectionery: Kitchens of India, Aashirvaad, Sunfeast, Mint-O, Candyman, Bingo Snacks
- Branded Apparel: Wills Lifestyle, John Players, Miss Players
- Toiletries: Essenza Di Wills, Fiama Di Wills, Superia, Vivel Di Wills, Vivel
- Education & Stationery Products: Expressions,Classmate, Paperkraft
- Information Technology: ITC Infotech
- Safety Matches: iKno, Mangaldeep, VaxLit, Delite(Discontinued) and Aim Brands acquired from Wimco (Western India Match Company): Ship , Homelite (Swedish Matches)
- Incense Sticks: Mangaldeep, Spriha,Yantra
While ITC continues in its traditional businesses of Cigarettes, Hotels, Paperboards, Packaging and Agri-Exports, it is gaining market share in its nascent businesses of Packaged Foods & Confectionery, Branded Apparel and Greeting Cards.
ITC's wholly owned Information Technology subsidiary, ITC Infotech India Limited, is pursuing emerging opportunities in providing end-to-end IT solutions, including e-enabled services and business process outsourcing.
Rural Initiatives
ITC's Agri-Business is India's second largest exporter of agricultural products. ITC is one of the India's biggest foreign exchange earners (US $ 2 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.
The company places computers with Internet access in rural farming villages; the e-Choupals serve as both a social gathering place for exchange of information (choupal means gathering place in Hindi) and an e-commerce hub. What began as an effort to re-engineer the procurement process for soy, tobacco, wheat, shrimp, and other cropping systems in rural India has also created a highly profitable distribution and product design channel for the company—an e-commerce platform that is also a low-cost fulfillment system focused on the needs of rural India. The e-Choupal system has also catalyzed rural transformation that is helping to alleviate rural isolation, create more transparency for farmers, and improve their productivity and incomes.
Corporate philanthropy
ITC Echoupal creatively leverages information technology to set up a meta-market in favour of India's small and poor farmers, who would otherwise continue to operate and transact in 'un-evolved' markets.
As of July 2007, Sanjay Kant & Ritesh services, through 6400 Echoupal across 8 states, reach more than 4 million farmers in about 40,000 villages. ITC intends scaling up the initiative with 20,000 choupals and 700 saagars to reach 10 million farmers in 100,000 villages by 2010.
Free access to Internet is also opening windows of rural India to the world at large. ITC eChoupal e-choupal is now being regarded as a reliable delivery mechanism for resource development initiatives. Its potential is being tested through pilot projects in healthcare, educational services, water management and cattle health management with the help of several service providers including non-governmental organizations.
Forbes ranking
ITC features on the Forbes Global 2000 rankings for 2007 at position 1256 [2].
External links
- Official website of ITC Limited
- Official website of Wills Lifestyle
- Official website of John Players
- Official website of Miss Players
- Official website of ITC Infotech
- Official website of ITC Welcomgroup (ITC's hospitality division)
- Official website of Kitchens of India
- Official website of Paperboard and Specialtiy Paper Division
- ITC Limited at Alacrastore
References
- ^ "History and Evolution of ITC Limited". ITC Limited. http://www.itcportal.com/the_itc_profile/history_evolution.html. Retrieved 2007-09-23.
- ^ The Global 2000 - Forbes.com
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