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ITC Limited is a multinational with its main office in Kolkata.
About Itc Shares: ITC Limited is a multinational with its main office in Kolkata. ITC is present in a variety of sectors, including agribusiness, FMCG, hotels, software, packaging, paperboards, and specialty papers.
13 enterprises across 5 market areas make up the organization. It exports its goods to 90 different nations. Six million retail locations carry its products. The Imperial Tobacco Company of India Limited, which was founded in 1910, changed its name to the India Tobacco Company Limited in 1970, and then to I.T.C. Limited in 1974.
The business is now known as ITC Limited, with “ITC” no longer serving as an abbreviation. ITC has a market capitalization of US$35 billion and an annual turnover of US$10.74 billion as of 2019–20. It has more than 60 facilities across India and 36,500 employees. ITC Limited is a multinational with its main office in Kolkata.
History Itc Shares
ITC is present in a variety of sectors, including agribusiness, FMCG, hotels, software, packaging, paperboards, and specialty papers. 13 enterprises across 5 market areas make up the organization. It exports its goods to 90 different nations.
Six million retail locations carry its products. The Imperial Tobacco Company of India Limited, which was founded in 1910, changed its name to the India Tobacco Company Limited in 1970, and then to I.T.C. Limited in 1974.
The business is now known as ITC Limited, with “ITC” no longer serving as an abbreviation. ITC has a market capitalization of US$35 billion and an annual turnover of US$10.74 billion as of 2019–20.
It has more than 60 facilities across India and 36,500 employees. On October 27, 1954, the business became a public limited corporation.
With 6% of the Indian stock in the corporation, the first step toward Indianization was made in the same year.
Details Itc Shares
During this period, ITC also entered the consumer research market for the first time in India. To achieve self-sufficiency in the production of cigarettes, technology was more heavily focused on throughout the 1960s when establishing cigarette machines and filter-rod manufacturing facilities. The establishment of the company’s Indian management was greatly aided by Ajit Narain Haskar’s appointment as the first Indian chairman in 1969.
The name of the corporation was changed from “Imperial Tobacco Company of India Limited” to “India Tobacco Company Limited” in 1970 as Indian ownership of the company increasingly increased. ITC also became the first business in India, to begin with the Scissor’s Cup in 1971.
Future of ITC Shares
The 1970s saw the beginning of cutting-edge marketing efforts and electronic data processing. To diversify and venture into newer companies through research and development, ITC established its integrated research center in Bangalore in 1973. In 1974, the name of the firm was changed to “I.T.C. Limited” to reflect the developing diversification aspirations.
During this time, the Indian shareholding increased further to 40%. ITC entered the hospitality industry in 1975 when it bought and renamed the ITC Welcomgroup Hotel Chola in Madras.
ITC selected the hospitality industry due to its potential to produce significant amounts of foreign exchange, develop tourism infrastructure, and produce a significant amount of direct and indirect employment.