A Brief Note On Itc Limited And Itc

1219 WordsAug 20, 20145 Pages
Introduction of ITC ITC Limited or ITC is an Indian headquarter in Kolkata, India. Its diversified business includes five segments: “Fast Moving Consumer Goods, Hotels, Paperboards, Packaging and Agri Business”. In 2012-13, annual turnover was $ 8.31 billion and at the end of the same year, its capitalization was US$ 45 billion. It employs over 26,000 people at more than 60 locations across India and is part of Forbes 2000 list. Company has been in scandals regarding funding of Political Party to gain monopoly in Indian Cigarette market. ITC claims” that it is the “on1y company” in the world of advanced dimensions to be Carbon Positive, Water Positive and Solid Waste Recycling Positive. ITC Limited has completed 100 years on 24 August 2010. The earlier decades of the company activities centered on the tobacco industries. Since 1964 conclusive evidence of the deadly effects of tobacco consumption has 1ed to a sharp decline in official support for producers and manufacturers of tobacco, in spite of its 1arge contribution to the agriculture, fiscal, manufacturing and exporting sectors of the economy. Viewing the changes in the business dynamics in the tobacco industry, the company starting looking to other venues for earning revenue. In 1970’s, it started reducing the foreign equity holding in the company to 40%. In 1975, the company enters the hotel business with the acquisition of a hotel in Chennai which was rejoined ‘ITC-Welcomgroup hotel Chola’. In 1979, ITC started the

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