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ITC Limited

ITC Limited
Company nameITC Limited
Company typePublic (BSE - 500875)
IndustryConglomerate
Founded1790 (as Wills & Co.)
Founder(s)Henry Overton Wills
Headquarters37, J.L.Nehru Road, Kolkata, West Bengal, India
Key peopleY.C. Deveshwar, Chairman
Kurush Grant, Exec. Director,
P. Dhobale, Exec. Director,
Nakul Anand, Exec. Director,
Rajiv Tandon, CFO,
(with effect from 02.01.2011)
Revenue(+) US$6 billion (2009)
Employees26,150 (2009)

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ITC Limited (BSE - 500875) public conglomerate company headquartered in Kolkata, India. Its turnover is $7 billion and a market capitalization of over $33 Billion. The company has its registered office in Kolkata. It started off as the Imperial Tobacco Company, and shares ancestry with Imperial Tobacco of the United Kingdom, but it is now fully independent, and was rechristened to Indian Tobacco Company in 1970 and then to I.T.C. Limited in 1974

The company is currently headed by Yogesh Chander Deveshwar. It employs over 26,000 people at more than 60 locations across India and is listed on Forbes 2000. ITC Limited completed 100 years on 24 August 2010.

ITC has a diversified presence in Cigarettes, Hotels, Paperboards & Specialty Papers, Packaging, Agri-Business, Packaged Foods & Confectionery, Information Technology, Branded Apparel, Personal Care, Stationery, Safety Matches and other FMCG 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, Personal Care and Stationery.

ITC's aspiration to be an exemplar in sustainability practices is manifest in its status as the only company in the world of its size and diversity to be 'carbon positive', 'water positive' and 'solid waste recycling positive.' In addition, ITC's businesses have created sustainable livelihoods for more than 5 million people, a majority of whom represent the poorest in rural India.


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