Unlocking ITC History: Timeline, Business, Subsidiary Insights
Unlocking ITC History: Timeline, Business, Subsidiary Insights
May 10, 2023
5 Minutes
"ITC Limited: A Journey Through Time and Diversification"
Introduction: Unveiling the Legacy of ITC Limited
Founded in 1910, ITC Limited stands as one of India's premier conglomerates, making waves in diverse sectors such as tobacco, food processing, retail, and financial services. Let's explore the evolution of ITC, from its inception to its present-day stature.
Section 1:
The Genesis of ITC Limited
Established: 1910
Founder: British-owned company registered in Kolkata
Headquarters: Virginia House, Kolkata, West Bengal, India
Leading Team: Sanjiv Puri (Chairman & MD)
Market Capitalization: Over ₹4,38,601Cr approx.
Employees: Over 36,500 approx.
Countries Presence: 90 Countries (6 million retail outlets) and 60 Locations in India
Evolution of the Name:
Originally an acronym for Imperial Tobacco Company of India Limited (1910)
Renamed India Tobacco Company Limited (ITC) in 1970
Abbreviated as I.T.C Ltd in 1974
Present: 'ITC Limited'
Section 2:
ITC Company History Timeline
Embark on a journey through ITC's historical milestones:
1910: Established as a Private Limited Company under Imperial Tobacco Co. of India Ltd.
1953: Acquired the manufacturing business of Tobacco Manufacturers (India) Ltd.
1970: Renamed from Imperial Tobacco Co. of India Ltd. to India Tobacco Co. Ltd.
1972: Entered the hotel business.
1974: Name changed to ITC Ltd with no acronyms.
1975: Purchased net assets of India Leaf Tobacco Development Co. Ltd.
1979: Hotel chain renamed from 'Welcome Hotels' to 'Welcomgroup'.
1983: Welcomed the establishment of Welcomegroup Vadodara.
1986: Joint venture with MP Audyogik Vikas Nigam for four hotels.
1987: Introduction of new brands - Wills Flake Premium Filter and Scissors Filter.
1988: Launch of 'ADARSH' oilseeds and 'SUNDROP' cooking oil.
1990: Introduction of 'REAL GOLD' refined mustard oil.
1993: Successful launch of Hero and Classic Milds brand Cigarettes.
1995: Introduction of Capstan Menthol filter, Capstan standard, and Bristo standard.
1996: Launch of Classic Ultra Milds and Wills Natural Lights brands.
1997: Signed agreement with ICICI Ltd. for ITC Classic Finance Ltd.
1998: Expansion to nearly 105 subsidiaries.
2000: Establishment of the Lifestyle Retailing Business Division.
2003: Launch of Spriha brand of natural incense sticks and 'Aashirvaad' salt.
2008: Introduction of eco-friendly 'Paperkraft Premium Business Paper'.
2010: Entry into the Rs. 1,700-crore fairness cream market and the Cigars business.
2011: Padma Bhushan conferred upon Mr Y C Deveshwar, Chairman.
2012: Launch of renowned brands like Classmate Notebooks and John Players.
2014: Introduction of Vivel Skin Nourishing Range of Soaps.
2017: Contributions to Swachh Bharat initiatives.
2022: Gross Sales Value of ₹90,104 crores and Net Profit of ₹15,058 crores.
Section 3:
ITC Limited Subsidiaries
Principal Subsidiaries of ITC:
ITC Infotech (Technology)
Srinivasa Resorts Limited (Hospitality)
Surya Nepal Private Limited (Cigarettes, Safety Matches, Agarbatti, and Confectionary)
Fortune Park Hotels Limited (Hospitality)
Landbase India Limited (MCA Provider)
Welcomhotels Lanka (Private) Limited, Srilanka (Hospitality)
Russell Credit Limited (Investment Company)
Technico Pty Limited (Supply Chain Solutions)
List of all ITC Businesses:
Fast-moving Consumer Goods (FMCG)
Hotels
Paperboards & Specialty Papers
Packaging
Agri-Business
Agri Commodities & Rural Services
Agri-Business-ILTD
e-Choupal
ITC Analytical Services
Information Technology
ITC Brand world
Section 4:
ITC Limited Subsidiaries: Overview
Explore the subsidiaries that contribute to its diversified portfolio:
ITC Infotech:
Leading IT company offering software development, web development, and digital marketing services.
Srinivasa Resorts Limited:
Luxury resort chain providing a premium experience with spas, restaurants, and recreational activities.
Surya Nepal Private Limited:
Manufacturing and exporting cigarettes, garments, and safety matches.
Fortune Park Hotels Limited:
Hotel chains provide affordable luxury at tourist destinations.
Landbase India Limited:
Owns Classic Goals and Country Club on the outskirts of Delhi.
Welcomhotels Lanka (Private) Limited, Srilanka:
Wholly owned subsidiary focused on constructing and operating a luxury hotel in Colombo.
Russell Credit Limited:
Financial services company offering credit cards, loans, and investments.
Technico Pty Limited:
Agri biotech company commercializing technologies globally.
Conclusion:
ITC Limited - Nurturing Growth and Innovation
ITC Limited has evolved into a powerhouse with a global presence, encompassing a diverse range of industries. From its roots in tobacco manufacturing to leading the way in FMCG, hotels, and more, ITC stands as a testament to India's entrepreneurial spirit and innovation.
"ITC Limited: A Journey Through Time and Diversification"
Introduction: Unveiling the Legacy of ITC Limited
Founded in 1910, ITC Limited stands as one of India's premier conglomerates, making waves in diverse sectors such as tobacco, food processing, retail, and financial services. Let's explore the evolution of ITC, from its inception to its present-day stature.
Section 1:
The Genesis of ITC Limited
Established: 1910
Founder: British-owned company registered in Kolkata
Headquarters: Virginia House, Kolkata, West Bengal, India
Leading Team: Sanjiv Puri (Chairman & MD)
Market Capitalization: Over ₹4,38,601Cr approx.
Employees: Over 36,500 approx.
Countries Presence: 90 Countries (6 million retail outlets) and 60 Locations in India
Evolution of the Name:
Originally an acronym for Imperial Tobacco Company of India Limited (1910)
Renamed India Tobacco Company Limited (ITC) in 1970
Abbreviated as I.T.C Ltd in 1974
Present: 'ITC Limited'
Section 2:
ITC Company History Timeline
Embark on a journey through ITC's historical milestones:
1910: Established as a Private Limited Company under Imperial Tobacco Co. of India Ltd.
1953: Acquired the manufacturing business of Tobacco Manufacturers (India) Ltd.
1970: Renamed from Imperial Tobacco Co. of India Ltd. to India Tobacco Co. Ltd.
1972: Entered the hotel business.
1974: Name changed to ITC Ltd with no acronyms.
1975: Purchased net assets of India Leaf Tobacco Development Co. Ltd.
1979: Hotel chain renamed from 'Welcome Hotels' to 'Welcomgroup'.
1983: Welcomed the establishment of Welcomegroup Vadodara.
1986: Joint venture with MP Audyogik Vikas Nigam for four hotels.
1987: Introduction of new brands - Wills Flake Premium Filter and Scissors Filter.
1988: Launch of 'ADARSH' oilseeds and 'SUNDROP' cooking oil.
1990: Introduction of 'REAL GOLD' refined mustard oil.
1993: Successful launch of Hero and Classic Milds brand Cigarettes.
1995: Introduction of Capstan Menthol filter, Capstan standard, and Bristo standard.
1996: Launch of Classic Ultra Milds and Wills Natural Lights brands.
1997: Signed agreement with ICICI Ltd. for ITC Classic Finance Ltd.
1998: Expansion to nearly 105 subsidiaries.
2000: Establishment of the Lifestyle Retailing Business Division.
2003: Launch of Spriha brand of natural incense sticks and 'Aashirvaad' salt.
2008: Introduction of eco-friendly 'Paperkraft Premium Business Paper'.
2010: Entry into the Rs. 1,700-crore fairness cream market and the Cigars business.
2011: Padma Bhushan conferred upon Mr Y C Deveshwar, Chairman.
2012: Launch of renowned brands like Classmate Notebooks and John Players.
2014: Introduction of Vivel Skin Nourishing Range of Soaps.
2017: Contributions to Swachh Bharat initiatives.
2022: Gross Sales Value of ₹90,104 crores and Net Profit of ₹15,058 crores.
Section 3:
ITC Limited Subsidiaries
Principal Subsidiaries of ITC:
ITC Infotech (Technology)
Srinivasa Resorts Limited (Hospitality)
Surya Nepal Private Limited (Cigarettes, Safety Matches, Agarbatti, and Confectionary)
Fortune Park Hotels Limited (Hospitality)
Landbase India Limited (MCA Provider)
Welcomhotels Lanka (Private) Limited, Srilanka (Hospitality)
Russell Credit Limited (Investment Company)
Technico Pty Limited (Supply Chain Solutions)
List of all ITC Businesses:
Fast-moving Consumer Goods (FMCG)
Hotels
Paperboards & Specialty Papers
Packaging
Agri-Business
Agri Commodities & Rural Services
Agri-Business-ILTD
e-Choupal
ITC Analytical Services
Information Technology
ITC Brand world
Section 4:
ITC Limited Subsidiaries: Overview
Explore the subsidiaries that contribute to its diversified portfolio:
ITC Infotech:
Leading IT company offering software development, web development, and digital marketing services.
Srinivasa Resorts Limited:
Luxury resort chain providing a premium experience with spas, restaurants, and recreational activities.
Surya Nepal Private Limited:
Manufacturing and exporting cigarettes, garments, and safety matches.
Fortune Park Hotels Limited:
Hotel chains provide affordable luxury at tourist destinations.
Landbase India Limited:
Owns Classic Goals and Country Club on the outskirts of Delhi.
Welcomhotels Lanka (Private) Limited, Srilanka:
Wholly owned subsidiary focused on constructing and operating a luxury hotel in Colombo.
Russell Credit Limited:
Financial services company offering credit cards, loans, and investments.
Technico Pty Limited:
Agri biotech company commercializing technologies globally.
Conclusion:
ITC Limited - Nurturing Growth and Innovation
ITC Limited has evolved into a powerhouse with a global presence, encompassing a diverse range of industries. From its roots in tobacco manufacturing to leading the way in FMCG, hotels, and more, ITC stands as a testament to India's entrepreneurial spirit and innovation.
Author
Pluto Team
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