ITC Ltd: Full Form and Overview
ITC Ltd stands for Indian Tobacco Company Limited.
Key Information About ITC Ltd:
- Founded: 1910
- Headquarters: Kolkata, West Bengal, India
- Industry: Diversified conglomerate
- Stock Exchange: Listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
Major Segments of ITC Ltd:
- Fast-Moving Consumer Goods (FMCG):
- Includes food, personal care, and lifestyle products.
Popular brands: Aashirvaad, Sunfeast, Bingo!, and Fiama.
Hotels:
Operates luxury hotels and resorts under the ITC Hotels brand.
Paperboards and Packaging:
Produces a variety of paper products and packaging solutions.
Agri-Business:
Engaged in the sourcing, processing, and marketing of agricultural products.
Tobacco:
- ITC has a long history in the tobacco sector, producing cigarettes and other tobacco products.
Corporate Social Responsibility (CSR):
- Sustainability Initiatives: ITC is known for its commitment to sustainable practices, including afforestation and water conservation.
- Community Development: Engages in various social initiatives aimed at improving the lives of communities in which it operates.
Recognition and Achievements:
- Fortune India 500: Consistently ranked among the top companies in India.
- Sustainability Rankings: Recognized for its efforts in sustainability and corporate governance.
Conclusion:
ITC Ltd is a diversified conglomerate that plays a significant role in various sectors of the Indian economy, from FMCG to hospitality. Its commitment to sustainability and community welfare further enhances its reputation as a responsible corporate entity.