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Through the row of Diversification over the Century
Presentation by Group 3
STM, MBA(FT) - D
Nirma University
THE GAME OF NAME CHANGING
Established in 1910 as 'Imperial Tobacco Company of India Limited'
Renamed as 'India Tobacco Company Limited' in 1970
Again changed to 'I.T.C. Limited' in 1974.
in September 2001, the dots were removed and it was then 'ITC Limited' where 'ITC' was no longer an acronym.
RANKS AND ACHIEVEMENTS
Ranked 35th in terms of revenue in the list of the ET 500 companies, 2018.
Earned the prestigious Banga Bibhushan award, the highest civilian honour instituted by the Government of West Bengal in 2017.
Earned Lifetime Achievement Awards by leading media organizations - Economic Times, Business Standard, Business Today and CNBC TV18 in 2017.
Substitution of Excise Duty for Sales Tax, 1957
Reduced the bookkeeping and enabled tax evasion
They expanded their business by penetration
IDRA,1951
In order to direct the industrial development in the country
Acquired the mfg plant of Tobacco manufacturers Ltd. in 1953
IDRA, 1954
In order to direct the industrial devlopment in the country
Company went public, considering the favorable environment
5th 5-year plan
promoted tourism and related development in India
Entered hospitality industry with ITC Chola
Cigarettes
Regulation of
Production,
Supply and
Distribution
Act,1975
restriction on harmful material used
"Made for each other"
Safer filter tip cigarettes were introduced
5th 5-year plan
aimed to produce
import substitutes in
industries
Established
paperboard
business
Industrial Policy
of 1980
enabled liberalisation of the
already existing capacities
Joint venture
with Filtrona
International Ltd.
UK
Streamlining Licensing procedures
the 'licesing raj' rules were eased
Joint venture
with MP
Audyogik Vikas
Nigam for 4 hotels over the next 5 years
3rd Agricultural Revolution, 1986
promotion of research and
development of oilseeds,
pulses, etc.
Launch of new
oilseeds
‘Adarsh’ and
mustard oil ‘Real
Gold’
LPG, 1991
allowed companies to raise funds from global markets
ITC issued
45,00,000 GDRs
Depositories
Act, 1996
enabled
the electronic holding and
transferring of stocks
ITC signed MoU with NSDL for admitting its securities for
dematerialisation.
7th 5-year plan,1990
emphasis on
achieving self-reliance and
export promotion
Entered into contracts with companies
based in Iran, Abu Dhabi,Egypt for export of tea and safety matches
11th 5-year plan, 2007
emphasis on rural upliftment
A project in rural areas of Odisha for creation of livelihood
activities
Industrial Policy for MSMEs, 2002
Subsidies for the growth
Acquired and
reinvented the
business of
incense stick,
safety matches,
wheat flour and
stationery
9th 5-year plan, 2000
focus on Agricultural sector and rural
development
E-choupal was introduced to link
directly with the farmers via
internet for agriculture and
aquaculture products
Swachh Bharat
Mission, 2014 -
2019
cleanliness drives
ITC group of hotels is committed to the initiave
Companies Act,
2013
CSR mandated by Companies Act
Mission
Sunherakal
launched in
Mysore
Banning the Tobacco ads
Affected the tobacco business
Separated and
Subsidized;
made Will’s brand a wholly
owned subsidiary
In Food Division the products are Kitchens of India, Aashirvaad, B natural, Sunfeast, Candyman, Bingo! and Yippee!
In Personal Care the products are Fiama Di Wills, Vivel, Savlon Soap & Handwash, Essenza Di Wills, Superia and Engage.
Stationery products include Classmate, PaperKraft and Colour Crew.
Safety matches and agarbattis include Ship, i Kno and Aim and Mangaldeep Agarbattis.
Hotel Division includes ITC Hotels, Welcome Hotels, Fortune, Welcome Heritage, Club ITC
Paperboards division includes ITC paperboards.
Packaging and Printing division includes the packaging and printing activities of ITC.
In Information Technology industry there is ITC Infotech India Limited.
In Lifestyle and Clothing division ITC owns brands like WLS and John Players