ITC Full Form

What is the full form of ITC?

ITC’s full form is India Tobacco Company. ITC Limited is a Kolkata-based company of the Indian conglomerate where a grouping of two or more companies is done and they operate in entirely different businesses and are run and managed by the individual company. ITC is present in a variety of sectors, including FMCG (fast-moving consumer goods), hotels, software, packaging, paperboards, speciality papers, and agribusiness. 13 enterprises across 5 market areas make up the organisation. It exports its goods to 90 different countries across the world. There are 6 million retail locations where its products are sold. The headquarters of ITC is located in Kolkata, West Bengal and as of 2022, Mr. Sajiv Puri is the chairman and managing director (MD) of ITC limited. ITC has a market capitalization of US$35 billion and an annual turnover of US$10.74 billion as of 2019–20. It employs 36,500 people and operates more than 60 locations across India.

This Story also Contains

1. What is the full form of ITC?
2. History of ITC
3. Vision of ITC
4. Mission of ITC
5. Core Values of ITC
6. Products and Brands of ITC
7. Shareholding and Listings of ITC
8. Other Full Forms of ITC

History of ITC

ITC Limited was founded in 1910 and is a diversified conglomerate with operations in hotels, paperboards and packaging, agribusiness, information technology, and fast-moving consumer goods, including foods, personal care products, cigars and cigarettes, safety matches education & stationery products, and incense sticks. Imperial Tobacco Company of India Limited served as the company's legal name when it was founded on August 24, 1910. In 1970, the company's name was altered to India Tobacco Company Limited, and then to I.T.C. Limited in 1974 as the ownership of the Company gradually became Indian. The full stops in the company's name were eliminated with effect from September 18, 2001, in acknowledgement of the ITC's multi-business portfolio, which includes a broad range of businesses. The company is now known as "ITC Limited," where "ITC" is no longer an initialised form or an acronym.

Vision of ITC

To maintain ITC's status as one of the most reputable and valuable corporations in India by performing at a high level and adding value for the Indian economy and its stakeholders.

Mission of ITC

To increase the enterprise's capacity for wealth generation in a context of increasing globalisation and to deliver a greater number of long-lasting stakeholder values.

Core Values of ITC

• Excellence

• Innovation

• Respect for people

• Trusteeship

• Customer Focus

• Nation orientation

Products and Brands of ITC

• Food: Sunfeast, Aashirwaad, yippee, candyman, Bingo, etc. are some of ITC's top food brands. It deals with four different food-related business sectors, including staples, snacks, confectioneries, and ready-to-eat foods.

• Cigarettes: In India, 80% of cigarettes are sold by ITC Ltd (ITC Limited). The tobacco industry is worth close to 35000 crores and is used by more than 275 million people.

• Personal care products: Products for body care, hair care, and perfume, such as Vivel, Superia, and Engage.

• Agarbattis and Safety match: Safety matches are sold under the Ship and Aim brands, and agarbatti is sold under the Magal Deep brand.

• Stationary and Paperboard: Classmate, Color Crew, PaperKraft, and other brands are examples.

• Lifestyle apparel: Brands like John Payers, Wills Lifestyle, etc.

• Information technology: ITC Ltd. is an SEI CMM (Software Engineering Institute Capability Maturity Model) Level 5 firm that operates as ITC InfoTech (Information Technology) India Ltd.

• Packages and Printing: ITC Ltd. offers printing and packaging services for domestic and international markets.

Shareholding and Listings of ITC

The Calcutta Stock Exchange (CSE), the National Stock Exchange of India, and the Bombay Stock Exchange all offer equity shares of ITC for trading. The corporation's Global Depository Receipts (GDRs) are traded on the Luxembourg Stock Exchange. ITC is a part of the NSE's (National Stock Exchange) NIFTY (National Stock Exchange FIFTY) 50 and the BSE's (Bombay Stock Exchange) SENSEX (Stock Exchange Sensitive Index) , two of India's most significant stock market indices.

Other Full Forms of ITC

• ITC can also be abbreviated as International Trade Center. The World Trade Organization (WTO) established the International Trade Center in 1964. Geneva, Switzerland houses the company's headquarters. It was established to offer the WTO technical assistance pertaining to trade. The only organisation that truly backs the globalisation of small and medium-sized enterprises (SMEs) is ITC. Its objective is to increase SMEs' global competitiveness in developing nations.

• Another full form for ITC is Independent Telephone Company. Local services are offered in the USA (United States Of America) and Canada by a telephone company called The Independent Telephone Company. This business typically operated in sparsely populated, rural areas, and it was not a member of the Bell System, a group of businesses headed by the Bell Telephone Company. ITC received assistance from The Genuine Cable Group (GCB) to offer superior services to rural areas.

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