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 ITC Infotech, AI Hub inNewtown | |
| Formerly | Imperial Tobacco Company of India Limited (1910–1970) India Tobacco Company Limited (1970–1974) I.T.C. Limited (1974–2001) ITC Limited (2001–present) |
|---|---|
| Company type | Public |
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| ISIN | INE154A01025 |
| Industry | Conglomerate[1] |
| Predecessor | W.D. & H.O. Wills |
| Founded | 24 August 1910; 115 years ago (1910-08-24)[2] |
| Headquarters | Virginia House,Chowringhee Road,Kolkata ,India |
Area served | |
Key people | Sanjiv Puri (Chairman & MD)[3] |
| Products | |
| Brands | |
| Revenue |  ₹816.12 billion (US$9.7 billion) (FY2025) |
| ₹271.47 billion (US$3.2 billion) (FY2025) | |
| ₹350.52 billion (US$4.1 billion) (FY2025) | |
| Total assets | ₹880.90 billion (US$10 billion) (FY2025) |
| Total equity | ₹703.97 billion (US$8.3 billion) (FY2025) |
Number of employees | 33,824 (2023) |
| Divisions | ITC Paperboards and Specialty Papers Division ITC Infotech |
| Website | www |
| Footnotes / references [5][6][7][8] | |
ITC Limited is an Indianconglomerate, headquartered inKolkata.[9] It has a presence across six business segments, namelyFMCG,agribusiness,information technology,paper products, andpackaging.[10] It generates a plurality of its revenue from tobacco products.[11]
In terms ofmarket capitalization, ITC is the second-largestFMCG company in India and the third-largest tobacco company in the world.[12][13][14] It employs 36,500 people at more than 60 locations across India.[15]
"ITC Limited" was originally named "Imperial Tobacco Company of India Limited", succeedingImperial Brands andW.D. & H.O. Wills on 24 August 1910 as a British-owned company registered inKolkata.[16][17] Since the company was primarily based on agricultural resources, it ventured into partnerships in 1911 with farmers from the southern part of India to source leaf tobacco.[citation needed][18] Under the company's umbrella, the "Indian Leaf Tobacco Development Company Limited" was formed in Guntur district ofAndhra Pradesh in 1912.[19] The first cigarette factory of the company was set up in 1913 in Bangalore.[20]
In 1928, construction began for the company's headquarters, the 'Virginia House' at Calcutta.[21] ITC acquiredCarreras Tobacco Company's factory atKidderpore in 1935 to further strengthen its presence.[22] ITC helped set up an indigenous cigarette tissue-paper-making plant in 1946 to reduce import costs significantly. Then, a factory for printing and packaging was set up in Madras in 1949.[23] The company acquired the manufacturing business of Tobacco Manufacturers (India) Limited and the complementary lithographic printing business of Printers (India) Limited in 1953.[24]
In March 2025, ITC announced the acquisition of the pulp and paper business of Aditya Birla Real Estate Limited for up to ₹35 billion. The deal aimed to expand ITC’s capacity in paperboards and specialty papers and was subject to regulatory approvals.[25]
In June 2025 ITC completed the acquisition of 100% share capital of Sresta Natural Bioproducts Pvt. Ltd. for up to ₹472.5 crore.[26]
Established in 1910 as theImperial Tobacco Company of India Limited, the company was renamed as theIndia Tobacco Company Limited in 1970 and later toI.T.C. Limited in 1974. In 2001 the company was renamedITC Limited, where "ITC" is no longer anacronym.[27][28]
ITC's equity shares are listed onBombay Stock Exchange (BSE),National Stock Exchange of India (NSE) andCalcutta Stock Exchange (CSE).[29] The company'sGlobal Depository Receipts (GDRs) are listed on theLuxembourg Stock Exchange. ITC is a constituent of two major stock market indices of India:BSE SENSEX andNIFTY 50 of NSE.[30]
In July 2023, ITC Limited's board of directors approved the demerger of its hotel business and the formation of a wholly owned subsidiary calledITC Hotels.[31] The demerger came in to effect on 1 January 2025.[32]
As of March 2024,British American Tobacco is the largest shareholder in the company with a 25.5% stake, followed byLife Insurance Corporation of India which holds 15.2%.[33]
As per the annual report of the company, ITC had more than 28,000 employees as of 31 March 2020.[34]
ITC's former chairman and CEOYogesh Chander Deveshwar (d. 2019) is a recipient ofPadma Bhushan from the Government of India; he was named the seventh-best-performing CEO in the world byHarvard Business Review in 2013.[34][35]
Meera Shankar, Indian ambassador to the USA between 2009 and 2011, joined the board of ITC Limited in 2012 as the first woman director in its history.[36] She is an additional non-executive director of the company.[37]
Sanjiv Puri is the Chairman & Managing Director of ITC Limited. Puri was appointed as a Wholetime Director on the Board of ITC with effect from 6 December 2015, Chief Executive Officer in February 2017 and re-designated as the Managing Director in May 2018. He was appointed as the Chairman effective 13 May 2019.[38] Sanjiv Puri is also the president of theConfederation of Indian Industry (CII) for 2024-25.[39]
ITC founded and runs theITC Sangeet Research Academy in 1978 to promoteHindustani classical music. The Academy is based in Kolkata.[40]
ITC Limited is a holding company, which is engaged in the marketing of fast moving consumer goods (FMGC).
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