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ITC conglomerate holds a prominent position in India’s corporate landscape. With a history spanning over a century, it has consistently been at the forefront of change and innovation. It began in 1910 as the Imperial Tobacco Company of India, focusing mainly on tobacco products. But as years passed, ITC decided to try new areas. Now, it’s not just about tobacco. They have made a mark on the daily goods you use, hotels you stay in, paper products, farming goods, and more. Although it’s still known for its tobacco business, ITC is also praised for its efforts to help the environment and the community. This blog will take you through the world of ITC, showcasing its growth and importance in India.
Aspect | Details |
Industry Type | Diversified conglomerate |
Year Founded | 1910 |
Headquarters | Kolkata, West Bengal |
Key People | Sanjiv Puri (Chairman & MD) |
Countries Present | Operating in over 100 countries |
Market Cap | ₹5.66 trillion |
Total Employees | 23,725 (March 2023) |
Also Read: ITC Limited- Q2 Results
What began as a tobacco company has evolved into a conglomerate with a diversified portfolio, spanning multiple industries. The company’s remarkable journey is a testament to its ability to adapt and grow in response to changing market dynamics, making it a prominent player in sectors such as FMCG, agri-business, hotels, and more. This transformation from its tobacco origins to a diversified business giant showcases ITC’s resilience and commitment to innovation and excellence.
Let’s take a walk through the corridors of history to understand the pivotal moments in ITC’s journey:
ITC was founded by Babu Keshav Dev Malaviya as the Imperial Tobacco Company of India Limited. It initially focused on tobacco products, catering to the growing demand in the Indian market.
In 1974, the company underwent a significant transformation, changing its name to I.T.C. Limited. This change marked a departure from its colonial associations and a step towards becoming a truly Indian conglomerate.
In 1925, ITC initiated its Packaging & Printing Business as a strategic move to support its Cigarettes division. Today, it ranks as India’s leading packaging facility.
In a strategic move, ITC entered the hotel industry with the opening of its first hotel, Chola Sheraton in Chennai. This marked the company’s foray into luxury hospitality.
ITC ventured into the Paperboards industry in 1979, contributing to quality standards and the economic development of the Bhadrachalam region.
In 1985, ITC expanded internationally, establishing Surya Nepal Private Limited, a significant step beyond Indian borders.
1990 saw the formation of the Agri Business Division, leveraging agri-sourcing competency and transforming the lives of farmers.
The year 2000 saw the company’s entry into the lifestyle retailing sector with the launch of Wills Lifestyle stores. This move allowed ITC to cater to the fashion-conscious Indian consumer. ITC Infotech, the IT services subsidiary, expanded its global presence, providing cutting-edge IT solutions to clients around the world.
In 2001, ITC diversified into the FMCG sector with its brand Aashirvaad. This marked the beginning of a new era for the company as it expanded its consumer goods portfolio.
ITC entered the stationery market with Paperkraft and Classmate in 2002. The same year, it began marketing Safety Matches.
2003 marked the start of marketing Agarbattis (incense sticks), including popular brands like Mangaldeep.
ITC entered Personal Care Products in 2005, introducing brands like ‘Essenza Di Wills,’ ‘Fiama,’ ‘Vivel,’ and ‘Superia.’
In 2007, ITC introduced the Bingo! brand, revolutionising the Indian snacks market with innovative flavours and products that quickly gained popularity.
ITC acquired spices maker Sunrise Foods, enhancing its product offerings.
Also Read: HUL
ITC’s vast empire extends to numerous subsidiaries, each contributing to its diversified business portfolio. Here’s a list of some major ones:
Known for luxury and sustainable practices, ITC Hotels boasts a wide network across India, offering world-class hospitality services.
This subsidiary is dedicated to providing cutting-edge IT services and solutions to clients globally, contributing to India’s growing IT industry.
Focused on transforming agriculture through the e-choupal network, it connects farmers with markets, promoting sustainable agricultural practices.
Producing high-quality paperboards and packaging materials, catering to both domestic and international markets.
Responsible for brands like Wills Lifestyle and John Players, it caters to the fashion needs of Indian consumers.
Under this banner, ITC produces a wide range of food products, including Aashirvaad, Sunfeast, and Bingo!, addressing the diverse tastes of Indian consumers.
A popular brand synonymous with spirituality and tradition, offering a wide range of incense sticks.
Also Read: INFOSYS
ITC has strategically expanded its reach through acquisitions. Here are some noteworthy acquisitions:
This acquisition strengthened ITC’s position in the paperboard and packaging industry, allowing it to offer high-quality packaging solutions to a wide range of industries.
ITC entered the packaged fruit beverages market with the acquisition of the B Natural brand
This acquisition played a crucial role in the development of ITC’s agri-business segment, enabling the company to provide better support to farmers and improve the quality of agri-products.
The acquisition of the Savlon brand helped ITC enter the hygiene and healthcare sector. Savlon’s trusted products added a new dimension to ITC’s FMCG portfolio.
ITC acquired the Charmis cream brand from Colgate-Palmolive, strengthening its position in the skincare segment.
The acquisition of Sunrise Foods further enhanced ITC’s presence in the spices and instant noodle market, catering to the evolving tastes of Indian consumers.
ITC’s diverse product portfolio caters to a wide range of consumer needs. Here are some of the major products and brands under ITC:
Aashirvaad is a trusted brand offering a range of atta (flour) and food products, known for their quality and purity.
Notable Products: Aashirvaad Atta, Aashirvaad Spices, Aashirvaad Svasti Ghee.
Sunfeast is known for its delectable biscuits and snacks, offering a variety of flavours to suit different tastes.
Notable Products: Sunfeast Marie, Sunfeast Dark Fantasy, Sunfeast Yippee! Noodles.
Bingo! revolutionised the snacks market with its innovative flavours and snacks, becoming a favourite among consumers.
Notable Products: Bingo! Potato Chips, Bingo! Tedhe Medhe, Bingo! Mad Angles.
Fiama Di Wills offers a range of personal care products known for their quality and effectiveness.
Notable Products: Fiama Di Wills Soap, Fiama Di Wills Shower Gel, Fiama Di Wills Shampoo.
ITC Hotels provides luxury hospitality services, known for its world-class amenities and sustainability initiatives.
Notable Brands: ITC Grand Chola, ITC Maurya, ITC Gardenia.
Mangaldeep is a trusted name in incense sticks, offering a variety of fragrances for spiritual and traditional purposes.
Notable Products: Mangaldeep Rajnigandha, Mangaldeep Temple, Mangaldeep Aromatic Sticks.
Classmate offers stationery products for students, helping them excel in their academic pursuits.
Notable Products: Classmate Notebooks, Pens, Pencils.
In the ever-evolving world of Indian business, ITC has not only stood the test of time but has also thrived and diversified, transcending its tobacco origins. From its humble beginnings in 1910 as the Imperial Tobacco Company of India Limited to its present-day status as a conglomerate with a global footprint, ITC continues to be a catalyst for India’s economic growth and societal development.
With a commitment to sustainability, innovation, and social responsibility, ITC is not just a business giant but a responsible corporate citizen. It has pioneered initiatives like e-choupal, transformed the FMCG sector, and set standards in luxury hospitality. As India marches forward, ITC remains a beacon of progress and prosperity, symbolising the nation’s potential and resilience. As you’ve journeyed through the history and diverse portfolio of ITC, remember that its story is still being written, promising more milestones and contributions to India’s growth in the years to come.
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