Yes, ITC is an Indian company. Established in 1910, ITC Limited is one of India’s leading multinational conglomerates, headquartered in Kolkata, West Bengal. ITC operates in various sectors, including FMCG (Fast-Moving Consumer Goods), hotels, paperboards, packaging, agribusiness, and information technology. Over the years, ITC has become a household name in India, known for its popular brands like Aashirvaad, Sunfeast, Bingo, Classmate, and Wills.
ITC Company Information:
| Aspect | Details |
|---|---|
| Founded | 1910 |
| Headquarters | Kolkata, West Bengal, India |
| Chairman & CEO | Sanjiv Puri |
| Primary Sectors | FMCG, Hotels, Paperboards, Agribusiness, IT |
| Popular Brands | Aashirvaad, Sunfeast, Bingo, Classmate, Wills |
| Market Presence | Global (major focus on Indian market) |
| Revenue (2023-24) | ₹70,000 crores (approx.) |
ITC Company History and Current Market Status
ITC was originally established in 1910 as the “Imperial Tobacco Company of India Limited.” Initially, the company focused on the cigarette and tobacco business, which remains a significant part of its portfolio. Over the decades, ITC diversified its operations and rebranded itself as “Indian Tobacco Company” in 1970 and then as “ITC Limited” in 1974, reflecting its evolving business model.
Today, ITC is a diversified conglomerate with a strong presence in various sectors. Its FMCG segment, which includes products like packaged foods, personal care items, and education and stationery products, is one of the largest in India. The company has also made significant strides in the hospitality industry, with its ITC Hotels chain being recognized for luxury and sustainability.
In recent years, ITC has focused on expanding its FMCG business, investing in innovation, and launching new products to cater to the changing consumer preferences. The company’s Aashirvaad brand, known for its atta (wheat flour), has become a staple in Indian households, while its Sunfeast and Bingo brands are popular among snack lovers.
In 2024, ITC continues to be a major player in the Indian market. The company has embraced sustainability as a core principle, with initiatives aimed at reducing carbon footprint, promoting rural development, and supporting sustainable agriculture. ITC’s “ITC Next” strategy emphasizes digital transformation, innovation, and expanding its product portfolio to drive future growth.
Overall, ITC remains a proud Indian company with over a century of history. Its diverse business interests and commitment to sustainability have made it a leader in multiple industries, both in India and globally.