bse 500875 nse itc bse sensex constituent cnx nifty constituent industry conglomerate predecessor w.d. & h.o. wills founded 24 august 1910 1 2 as imperial tobacco company of india headquarters kolkata west bengal india 3 key people yogesh chander deveshwar chairman 4 products consumer goods tobacco hotels agribusiness paperboards & specialty papers packaging information technology revenue 53 748 crore us 8.0 billion 2016 5 operating income 15 037 crore us 2.2 billion 2015 5 net income 9 607 crore us 1.4 billion 2015 5 total assets 32 159 crore us 4.8 billion 2015 5 number of employees 25 959 mar 2013 6 divisions itc infotech surya nepal pvt. ltd. website www.itcportal.com itc limited or itc is an indian conglomerate headquartered in kolkata west bengal . 3 its diversified business includes five segments fast moving consumer goods fmcg hotels paperboards & packaging agri business & information technology . 7 established in 1910 as the imperial tobacco company of india limited the company was renamed as the indian tobacco company limited in 1970 and further to i.t.c. limited in 1974 . the periods in the name were removed in september 2001 for the company to be renamed as itc ltd. 2 the company completed 100 years in 2010 8 9 10 11 and as of 2012 13 had an annual turnover of us 8.31 billion 12 and a market capitalization of us 45 billion . 6 it employs over 25 000 people 6 at more than 60 locations across india and is part of forbes 2000 list . contents 1 history 2 products and brands 2.1 cigarettes 2.2 other businesses 3 shareholding and listings 4 employees 5 outreach 5.1 e choupal 5.2 itc sangeet research academy 6 awards and recognitions 7 questionable business practices 8 see also 9 references 10 external links history edit itc was formed on 24 august 1910 under the name of imperial tobacco company of india limited 2 and the company went public on 27 october 1954 . 1 the earlier decades of the company s activities centered mainly around tobacco products . in the 1970s it diversified into non tobacco businesses . 1 in 1975 the company acquired a hotel in chennai which was renamed the itc welcomgroup hotel chola now renamed to myfortune chennai . 2 in 1985 itc set up surya tobacco co. in nepal as an indo nepali and british joint venture with the shares divided between itc british american tobacco and various independent domestic shareholders in nepal . in 2002 surya tobacco became a subsidiary of itc and its name was changed to surya nepal private limited . 13 in 2000 itc launched the expressions range of greeting cards 14 15 the wills sport range of casual wear 16 and a wholly owned information technology subsidiary itc infotech india limited . 17 in 2001 itc introduced the kitchens of india brand of ready to eat gourmet indian recipes 18 19 which are produced and sold internationally 20 at first in cans and later in retort packages and more recently on line 21 and at festivals . 22 in 2002 itc entered the confectionery and staples segments 23 24 25 and acquired the bhadrachalam paperboards division 26 and the safety matches company wimco limited . 27 itc entered the incense sticks or agarbattis business in 2003 selling its products under the mangaldeep brand . itc diversified into body care products in 2005 . 28 29 in 2010 itc launched its handrolled cigar armenteros in the indian market . 30 the company began online sales in 2014 . 31 itc is today the only company in world to be carbon positive water positive and solid waste recycling positive . almost 40 % of the energy consumed in the itc is from renewable sources . citation needed itc owned chambal agritech ltd an australian technico pty subsidiary in may 2008 diversifying its business portal & to develop synergy between seed potato production and chip stock supply . later the name changed to technico agri sciences ltd wholly owned subsidiary of itc ltd. products and brands edit classic rich taste regular pack of 20 . cigarettes edit itc ltd sells 80 percent of the cigarettes in india where 275 million people use tobacco products and the total cigarette market is worth close to 6 billion around rs .65 000 crore 32 33 itc s major cigarette brands include wills navy cut gold flake kings gold flake premium lights gold flake super star insignia india kings classic verve menthol menthol rush regular citric twist mild & ultra mild 555 silk cut scissors capstan berkeley bristol lucky strike players flake and duke & royal . 34 35 other businesses edit foods itc s major food brands include kitchens of india ; aashirvaad mint o gum o b natural sunfeast candyman bingo and yippee . 36 itc is india s largest seller of branded foods with sales of over rs . 4 600 crore in 2012 13 . 37 it is present across 5 categories in the foods business namely staples snack foods ready to eat foods juices and confectionery . 36 lifestyle apparel itc sells its products under the wills lifestyle and john players brands . wills lifestyle was accorded the superbrand status and john players was included in the top 10 most trusted apparel brands 2012 by the economic times . 6 personal care products include perfumes haircare and skincare categories . major brands are fiama di wills vivel essenza di wills superia and engage . 38 39 stationery brands include classmate paperkraft and colour crew . 40 launched in 2003 classmate went on to become india s largest notebook brand in 2007 . 41 42 safety matches and agarbattis ship 43 i kno and aim brands of safety matches 44 and the mangaldeep brand of agarbattis incense sticks . 45 hotels itc s hotels division under brands including welcomhotel is india s second largest hotel chain with over 90 hotels throughout india . 46 itc is also the exclusive franchisee in india of two brands owned by sheraton international inc. brands in the hospitality sector owned and operated by its subsidiaries include fortune park hotels and welcomheritage hotels . 46 paperboard products such as specialty paper graphic and other paper are sold under the itc brand by the itc paperboards and specialty papers division like classmate product of itc well known for there quality . 47 packaging and printing itc s packaging and printing division operates manufacturing facilities at haridwar and chennai and services domestic and export markets . 48 information technology itc operates through its fully owned subsidiary itc infotech india limited which is a sei cmm level 5 company . 49 shareholding and listings edit itc s equity shares are listed on bombay stock exchange national stock exchange of india and calcutta stock exchange . 50 51 the company s global depository receipts gdrs are listed on the luxembourg stock exchange . 52 shareholders as on 31 march 2013 shareholding 6 foreign companies mainly british american tobacco company 30.54 % foreign institutional investors fii 19.68 % banks financial institutions insurance companies and mutual funds 33.44 % bodies corporate 04.91 % public and others 10.59 % gdrs 00.30 % total 100.00 % employees edit as per the annual report of the company it had 25 963 employees as on 31 march 2013 6 out of which 3 043 were women . 12 it spent rs . 2 145 crores on employee benefits during the fy 2012 13 . 53 during the same year its attrition rate was 12 % . 12 its chairman y c deveshwar has won renowned awards and recognitions including padma bhushan from govt . of india 6 54 55 and 7th best performing ceo in the world by harvard business review . 56 meera shankar indian ambassador to usa between 2009 and 2011 joined the board of itc limited as the first woman director in its history . 57 she is an additional non executive director of the company . 58 outreach edit e choupal edit main article e choupal itc s e choupal initiative is designed to make the power of the internet available to indian farmers . 59 the company places computers with internet access in rural farming villages serving both as a social gathering place for exchange of information choupal means gathering place in hindi and an e commerce hub . as of july 2010 services through 6 500 e choupal across 10 states reach more than 4 million farmers in about 40 000 villages . the potential of e choupal is also being tested through pilot projects in healthcare educational services water management and cattle health management . in 2008 this initiative was recognised in the list of innovations to make markets more inclusive for the poor in world development report sep 2008 by the world bank . 60 itc sangeet research academy edit main article itc sangeet research academy itc sangeet research academy is a hindustani classical music academy established in 1977 and located in kolkata . 61 some noted musicians are associated with this academy . 62 awards and recognitions edit in 1994 and 1995 the iltd division in chirala and anaparti won the best of all rajiv gandhi national quality award 63 itc features on the forbes global 2000 rankings for 2012 at position 841 . 7 in the same rankings the company s market value placed it as the 184th largest company in the world . 7 forbes has also included the company in asia s fab 50 companies list . 64 in 2013 itc was ranked the third most admired company in india by fortune . 65 in 2011 all of itc s super premium luxury hotels were accorded leed platinum certification making itc hotels the greenest luxury hotel chain in the world . 66 67 in 2010 itc was ranked 6th amongst global consumer goods companies in sustainable value creation during 2005 09 by boston consulting group . 68 it received the national award for excellence in corporate governance from the institute of company secretaries of india in 2007 . 1 69 in 2006 itc s e choupal program won the stockholm challenge award 2006 in the economic development category . this program enables over 3.5 million farmers to access crop specific and customised information in their native village habitat and language . 70 71 in 2014 the brand trust report published by trust research advisory a brand analytics company ranked itc in the 9th position among india s most trusted brands in the diversified sector . 72 questionable business practices edit while itc has been noted for its sustainability practices questions have been raised about the ethics of giving award to a company that generates significant amount of revenue from tobacco business . 73 the company has been known for seeking legal intervention against guidelines advocating prominent health advisories . 74 see also edit companies portal tobacco industry tobacco smoking smoking in india references edit a b c d company history itc ltd. . economic times . retrieved 15 september 2013 . a b c d history and evolution . itc limited . retrieved 14 september 2013 . a b the itc network registered office . itc ltd. retrieved 14 june 2014 . itc leadership board of directors . itc ltd. retrieved 14 june 2014 . a b c d http www.moneycontrol.com financials itc balance sheet itc a b c d e f g annual report 2012 13 . itc limited . 17 may 2013 . retrieved 14 september 2013 . a b c itc on forbes asia s fab 50 companies . forbes . 31 august 2013 . retrieved 14 september 2013 . itc leading multi business conglomerate turns 100 . economic times . 24 august 2010 . retrieved 15 september 2013 . itc s 100 glorious years . rediff.com . 24 august 2010 . retrieved 15 september 2013 . imperial touch . business today . 10 july 2011 .