Industry: Food, Drinks & Tobacco
ITC Limited is one of India’s foremost private sector companies with a market capitalisation of nearly US $ 22 billion and a turnover of over US $ 5 billion. ITC has a diversified presence in FMCG, hotels, packaging, paperboards & specialty papers and agri-business.
ITC’s Agri-Business is one of India’s largest exporters of agricultural products. ITC is one of the country’s biggest foreign exchange earners ($3.2 billion in the last decade). The company’s ‘e-Choupal’ initiative is enabling Indian agriculture significantly enhance its competitiveness by empowering Indian farmers through the power of the Internet. This transformational strategy, which has already become the subject matter of a case study at Harvard Business School, is expected to progressively create for ITC a huge rural distribution infrastructure, significantly enhancing the company’s marketing reach.
ITC’s wholly owned Information Technology subsidiary, ITC Infotech India Ltd, provides IT services and solutions to leading global customers. ITC Infotech has carved a niche for itself by addressing customer challenges through innovative IT solutions. ITC’s production facilities and hotels have won numerous national and international awards for quality, productivity, safety and environment management systems. ITC was the first company in India to voluntarily seek a corporate governance rating.
ITC employs over 26,000 people at more than 60 locations across India. The Company continuously endeavors to enhance its wealth generating capabilities in a globalising environment to consistently reward more than 3,58,000 shareholders, fulfill the aspirations of its stakeholders and meet societal expectations.
