18 Facts About ITC Limited

ITC Limited is an Indian conglomerate company headquartered in Kolkata.

ITC Limited has a diversified presence across industries such as FMCG, hotels, software, packaging, paperboards, specialty papers and agribusiness.

ITC Limited now stands renamed ITC Limited, where "ITC" today is no longer an acronym.

Under the company's umbrella, the "Indian Leaf Tobacco Development Company ITC Limited" was formed in Guntur district of Andhra Pradesh in 1912.

ITC Limited acquired Carreras Tobacco Company's factory at Kidderpore in 1935 to further strengthen its presence.

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ITC Limited helped set up an indigenous cigarette tissue-paper-making plant in 1946 to reduce import costs significantly.

ITC Limited acquired the manufacturing business of Tobacco Manufacturers Limited and the complementary lithographic printing business of Printers Limited in 1953.

ITC Limited became the first Indian company to foray into consumer research during this time.

ITC Limited became the first company in India to start from the 1971 Scissor's Cup.

In 1973, ITC Limited set up its integrated research center in Bangalore, aimed at diversification and venturing into newer businesses with research and development.

ITC Limited entered into the hospitality sector with hotel business in 1975 with the acquisition renaming of ITC Limited Welcomgroup Hotel Chola in Madras.

ITC Limited chose the hospitality sector for its potential to earn high levels of foreign exchange, create tourism infrastructure and generate large-scale direct and indirect employment.

In 1979, ITC entered the paperboards business by promoting ITC Bhadrachalam Paperboards Limited.

ITC Limited entered into the edible oils industry with the launch of the Sundrop brand of cooking oils in 1988.

The name of the company was changed to "ITC Limited" omitting the dots and adapting the strategy "No stops for ITC" in 2001.

Subsidiaries for ITC Limited Infotech were set up in the United Kingdom and the USA.

ITC Limited is a constituent of two major stock market indices of India: BSE SENSEX and NIFTY 50 of NSE.

ITC Limited's is an additional non-executive director of the company.