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The full form of ITC is Indian Tobacco Company. ITC is a well-known Indian conglomerate company that has its headquarters in Kolkata. While talking about ITC’s full form, it is also important to know that the company was previously Imperial Tobacco Company of India Limited because the company was incorporated under this name on August 24, 1910. However, in 1970, the name was changed to India Tobacco Company and later renamed to I.T.C. Limited in 1974.
Who is the Owner and Founder of ITC?
ITC was founded in British India and is a British-owned company that had been registered in Kolkata. If we talk about the current owner then, Sanjiv Puri is the Chairman & Managing Director of the company currently. Mr. Puri, 60, became the Chief Executive Officer in February 2017. He was then re-designated as the Managing Director in May 2018. After this, he was made the Chairman of the company on May 13, 2019.
Mr. Puri was an alumnus of IIT, the Indian Institute of Technology located in Kanpur. He also studied at the Wharton School of Business, USA. Moreover, XIM University, Bhubaneshwar has recently conferred Mr. Puri with an Honorary Doctorate.
Various Services ITC Offers in Different Fields
Here are some of the fields under which Indian conglomerate company ITC offers its services.
- Air Transport Business
- Information Technology
- Hotels
- Packaging and Paperboards
- FMCG (Fast Moving Consumer Goods)
What is ITC known for?
ITC or Indian Tobacco Company is known as India’s leading FMCG marketer. It is seen as a clear market leader in the Indian Paperboard and Packaging industry. Moreover, it is also a globally acknowledged to be the pioneer in farmer empowerment. It has done this through its wide and expanding agriculture business. The company also owns a pre-eminent hotel chain in the country that is known for its ‘Responsible Luxury’.
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