ITC: Indian Tobacco Company
The full form of ITC is Indian Tobacco Company formerly Imperial Tobacco Company. ITC Limited is an Indian multinational company. It is a conglomerate company headquartered in Calcutta, West Bengal. Founded on August 24, 1910, as the ‘Imperial Tobacco Company of India Limited’, the company was renamed ‘India Tobacco Company Limited’ in 1970 and later as’ I.T.C. Limited ‘in 1974. The dots in the name were eliminated in September 2001, so the company was renamed’ ITC Limited ‘, where’ ITC ‘would no longer be an initialism. The current (as of March 2020) chairman & MD of ITC is Sanjiv Puri. ITC is one of the main conglomerates of the private sector in India, which deals with the following five different business segments.
- Fast Moving Consumer Goods (FMCG)
- Hotels
- Packaging and Paperboards
- Agri-Business
- Information Technology
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