ITC

Overview

ITC Ltd is one of India's largest and most diversified conglomerates, with businesses spanning FMCG, hotels, paperboards and packaging, agri-business, and information technology. The company was founded in 1910 as the Imperial Tobacco Company of India Limited, and it has since grown to become a major player in the Indian economy.

History

ITC's history is closely tied to the history of tobacco in India. The company was originally established to manufacture and sell tobacco products, and it quickly became one of the leading tobacco companies in the country. In the 1970s, ITC diversified its operations into other businesses, such as hotels, paperboards and packaging, and agri-business. Today, ITC is a leading player in all of these sectors.

How it operates

ITC operates through a number of different subsidiaries and joint ventures. The company's FMCG business is its largest, and it includes brands such as Sunfeast biscuits, Bingo! chips, and Wills cigarettes. ITC's hotels business is also a major contributor to the company's revenue, and it includes brands such as ITC Hotels, Welcomhotels, and Fortune Hotels. ITC's paperboards and packaging business is the third largest in India, and it supplies products to a wide range of industries. ITC's agri-business is focused on providing farmers with inputs and services, and it also produces a range of food products.

The future

ITC is well-positioned for future growth. The company's FMCG business is growing rapidly, and its hotels business is also expected to grow in the coming years. ITC is also expanding its agri-business, and it is investing in new technologies to improve its operations.

Conclusion

ITC is a leading Indian conglomerate with a strong track record of growth. The company is well-positioned for future growth, and it is likely to continue to be a major player in the Indian economy for many years to come.

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