'FMCG | ITC Ltd | History | Development'

'FMCG | ITC Ltd | History | Development'
04:18 Dec 15, 2021
'ITC Ltd is one of India\'s foremost private sector companies. ITC has a diversified presence in Cigarettes, Hotels, Paperboards & Specialty Papers, Packaging, Agri-Business, Packaged Foods & Confectionery, Information Technology, Branded Apparel, Personal Care, Stationery, Safety Matches and other FMCG products. While ITC is an outstanding market leader in its traditional businesses of Cigarettes, Hotels, Paperboards, Packaging and Agri-Exports, it is rapidly gaining market share even in its nascent businesses of Packaged Foods & Confectionery, Branded Apparel, Personal Care and Stationery.  Products and brands Cigarettes ITC Ltd sells 81% of the Cigarettes, Bidi in Asia, where 275 million people use tobacco products and the total cigarette market is worth close to $11 billion (around Rs. 757399.4[15] million).  ITC\'s major cigarette brands include Wills Navy Cut, Gold Flake Kings, Gold Flake Premium lights, Gold Flake Super Star, Insignia, India Kings, Classic (Verve, Menthol, Menthol Rush, Regular, Citric Twist, Ice Burst, Mild & Ultra Mild), 555, Silk Cut, Scissors, Capstan, Berkeley, Bristol, Lucky Strike, Players, Flake and Duke & Royal.  Other businesses Foods:   ITC\'s major food brands include Kitchens of India; Aashirvaad, B natural, Sunfeast, Candyman, Bingo! and Yippee!. ITC is India\'s largest seller of branded foods with of over Rs. 4,600 crore in 2012–13. It is present across 6 categories in the food business including snack foods, ready-to-eat meals, fruit juices, dairy products and confectionery.  Personal care products include perfumes, haircare and skincare categories. Major brands are Fiama Di Wills, Vivel, Savlon Soap & Handwash, Essenza Di Wills, Superia and Engage.  Stationery:  Brands include Classmate, PaperKraft and Colour Crew. Launched in 2003, Classmate went on to become India\'s largest notebook brand in 2007.  Safety Matches and Agarbattis: Ship, i Kno and Aim brands of safety matches and the Mangaldeep brand of agarbattis (Incense Sticks).  Hotels: ITC\'s Hotels division (under brands including WelcomHotel) is India\'s second-largest hotel chain with over 90 hotels throughout India. ITC is also the exclusive franchisee in India of two brands owned by Sheraton International Inc. Brands in the hospitality sector owned and operated by its subsidiaries include Fortune Park Hotels and WelcomHeritage Hotels. Paperboard: Products such as speciality paper, graphic and other paper are sold under the ITC brand by the ITC Paperboards and Specialty Papers Division like Classmate product of ITC, well known for their quality.  Packaging and Printing: ITC\'s Packaging and Printing division operates manufacturing facilities at Haridwar and Chennai and services domestic and export markets.  Information Technology: ITC operates through its fully owned subsidiary ITC Infotech India Limited. Dairy Products: ITC also has started Dairy Products.Currently, Dairy products are marketed under Brand name Sunfeast Wonderz Milk which are flavored milk. However, they are not yet in regular daily usage milk business. Shareholding and listings ITC\'s equity shares are listed on Bombay Stock Exchange, National Stock Exchange of India and Calcutta Stock Exchange. The company\'s Global Depository Receipts (GDRs) are listed on the Luxembourg Stock Exchange. ITC is part of 2 major Stock Market Indices of India which are NIFTY & Sensex.  Employees Per the Annual report of the company, it had 25,963 employees as on 31 March 2013, out of which 3,043 were women.[18] It spent Rs. 2,145 crores on Employee benefits during the FY 2012–13. During the same year, its attrition rate was 12%.  ITC\'s Chairman Y C Deveshwar (d. 2019) won renowned awards and recognition including Padma Bhushan from Govt. of India 2005–09, by Boston Consulting Group and seventh-best-performing CEO in the world by Harvard Business Review.  Meera Shankar, Indian ambassador to the USA between 2009 and 2011, joined the board of ITC Limited in 2012 as the first woman director in its history. She is an additional non-executive director of the company.  #FMCG #FMCG Industry #ITC, #ITC Ltd' 

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