ITC Full Form - Understanding the Indian Tobacco Company

The ITC full form is the Indian Tobacco Company. It is one of India’s biggest and most reputed business conglomerates and has a chequered history over the years. Here is a closer look at some vital information about the company in more detail.

ITC Full Form Highlights

The ITC company full form, as mentioned above, is the Indian Tobacco Company. Here are some key aspects related to the same.

Founding Year	1910
Headquarters	Virginia House, Kolkata, West Bengal
Top Leadership	Sanjiv Puri (MD & CEO)
Number of Employees	36,500+
Market Capitalization	2,60,000 crore
Number of Countries and Locations	90 countries and 60 Indian locations

What Does ITC Stand For?

The ITC Limited full form is the Indian Tobacco Company and it is one of India’s biggest private sector business conglomerates, employing more than 36,500 people worldwide.

Overview

The ITC full form in business stands for the Indian Tobacco Company and it is one of the country’s most valuable business entities with net profits of Rs. 20,422 crore (31.03.2024) and gross revenues of Rs. 69,446 crore (as of 31.03.2024).

It has businesses ranging from fast moving consumer goods and paperboards and packaging to hotels, information technology, and more. It is a market leader in India’s paperboard and packaging and FMCG sectors, while being known for its initiatives in empowering farmers through its agribusiness division.

Objectives of ITC

ITC (Indian Tobacco Company) strives to become one of the country’s most valuable corporations. Its major objectives include achieving world-class performance that generates increasing value for the economy in India and its stakeholders. It also aims at boosting the wealth-generation abilities of its enterprise in the global ecosystem, while delivering sustainable and stellar value for stakeholders.

Key Values of ITC

Some of the key values of ITC include the following:-

• Customer focus
• Trusteeship
• Excellence
• Respect for People
• Nation Orientation
• Innovation

History of ITC (Indian Tobacco Company)

Here are some key aspects pertaining to the history of ITC (Indian Tobacco Company).

• ITC Limited was founded in 1910 (24th August).
• The original name of the company was the Imperial Tobacco Company of India Limited.
• The ownership of the company was subsequently Indianized and the name became the India Tobacco Company Limited in the year 1970. The entity became I.T.C. Limited in 1974.
• The company then became ITC Limited from 2001 as well.

ITC Different Business Segments

There are several business segments that ITC Limited operates in, including the following.

FMCG (Fast Moving Consumer Goods)

ITC is one of India’s market leaders in the FMCG segment, with a portfolio containing 25 mother brands that are making their presence felt in the industry. Some of the company’s top brands include Sunfeast, Aashirvaad, Candyman, Bingo!, Fiama, Vivel, and Classmate.

Hotels

ITC has one of India’s fastest-growing hospitality brands in its kitty, being a pioneer in green development. The premium luxury hotels of the brand have achieved the LEED Platinum certification as well. The division was launched in the year 1975 and strives to uphold a philosophy of sustainability and green practices.

Some of its top hotels include ITC Mughal, Agra, ITC Sonar and Royal Bengal, Kolkata, ITC Rajputana, Jaipur, and more. The conglomerate now has more than 130 hotels in 80+ destinations and throughout six signature brands.

Paperboards and Packaging

ITC Limited is the country’s biggest and most technologically advanced and environment-friendly paperboards and packaging brand. It is a leader in terms of product range, volume, environmental performance, and market reach with its paperboards and specialty papers division.

ITC’s printing and packaging division is the biggest value-added paperboard packaging converter in South Asia. The company converts more than 100,000 tonnes of paperboard, paper, and laminates per year into value-added packaging products throughout multiple segments.

Agribusiness

ITC is one of the biggest integrated agribusiness entities in the country, with an aim towards digitizing the infrastructural network and transforming the rural agricultural sector. It is one of the biggest agri product exporters, covering marine products, food grains, processed fruits, coffee, and feed ingredients.

Information Technology

ITC Infotech is a prominent provider of global technology solutions, driven primarily by technology and business consulting. The company’s client base spans sectors like healthcare, banking and financial services, consumer goods, manufacturing, travel and hospitality, and more.

Top Brands and Products of ITC

Here are some of the leading brands and products at ITC Limited:-

• Fiama
• Aashirvaad
• Yippee!
• Vivel
• ITC Master Chef
• Bingo!
• Mangaldeep
• Paperkraft
• Classmate
• Savlon
• Engage
• Fabelle

ITC’s Impact on Business and Economy

The impact of ITC on the business and economy is unparalleled, considering these facts:-

• ITC has invested Rs. 6,000+ crore in the last decade for boosting business competitiveness and enhancing direct employment of 20,000 people.
• ITC has spurred indirect employment of almost 5 million individuals across the value chain.
• The company is India’s second-biggest hotel chain, the market leader in paperboard and packaging, a prominent agribusiness player, a pioneer in FMCG marketing, and one of the top technology players as well.
• The brand has a market capitalization over Rs. 2,60,000 crore and has been featured among India’s top-10 private-sector entities by way of profits and market capitalization in the last 17 years.

Some Interesting Facts About ITC (Indian Tobacco Company)

Here are some interesting facts related to ITC.

• ITC Limited was originally incorporated as the Imperial Tobacco Company in 1910 with its first office at Kolkata.
• The company launched an advanced tobacco factory in 1913 in Bangalore.
• It also purchased land in Kolkata on its 16th birthday for building its new office. This building is now called Virginia House and is one of the city’s most iconic structures.
• ITC established its printing and packaging business in 1925 for supporting its cigarette business division. Today, along with creating cigarette boxes, the company also works with leading brands like Tata Tea, Colgate Palmolive, Nokia, and many other companies.
• ITC entered the hospitality sector with its first hotel in Chennai in 1975.
• 41% of the brand’s total energy requirements are supplied through renewable energy sources.
• ITC is professionally managed, with 0% promoter shareholding.

ITC Full Form in Other Languages

Here is the ITC full form in other languages.

ITC Full Form in Hindi

आईटीसी का पूरा नाम - भारतीय तंबाकू कंपनी

ITC Full Form in Tamil

ஐடிசியின் முழுப் பெயர் - இந்திய புகையிலை நிறுவனம்

ITC Full Form in Telugu

ఐటిసి పూర్తి పేరు - భారతీయ పొగాకు సంస్థ

ITC Full Form in Marathi

आयटीसी पूर्ण रूप - भारतीय तंबाखू कंपनी

ITC Full Form in Bengali

আইটিসি ফুল ফর্ম - ইন্ডিয়ান টোব্যাকো কোম্পানি

Additional Full Forms of ITC

Along with the Indian Tobacco Company, there are two other full forms that you should also know about.

Independent Telephone Company

An independent telephone company was a telephone entity that offered local services in Canada or the United States, without being within the American Telephone and Telegraph’s Bell System. These companies usually functioned throughout numerous less-populated or rural parts of the country.

International Trade Center

The International Trade Center is a reputed multilateral agency, which holds a joint mandate with other prestigious organizations via the United Nations Conference on Trade and Development. These organizations are the United Nations and the World Trade Organization.

Conclusion

The ITC full form, to sum up, is the Indian Tobacco Company. The industrial conglomerate is one of India’s most trusted and reputed business entities, employing thousands of people throughout multiple Indian locations and geographies.