History of ITC Group

ITC Limited is a multi-industry company, which began its journey in 1910 with a single brand. ITC full form, Indian Tobacco Company Limited formerly known as Imperial Tobacco Company of India Limited. Later, in 1974, India Tobacco Company Limited was abbreviated as I.T.C Ltd and as of now it stands for just 'ITC Limited'. Read on to learn more about ITC Limited, ITC product list, ITC owner, the history of ITC company, ITC Share Price, ITC Dividend, ITC Share Price History, ITC PE Ratio, and more in detail.

All you need to know about ITC Company

Below is detailed information about ITC Limited, including the year of establishment, ITC Founder, Chairman & MD, products, brands, and more.

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Timeline: History of ITC Company

1910: On August 24^th, ITC was established and founded as a Private Limited Company Imperial Tobacco Co.

1953:  ITC acquires the manufacturing business of Tobacco Manufacturers (India) Ltd.

1954: On Oct 27^th, ITC was converted into a Public Limited Company.

1970: In May, ITC changed its name from the Imperial Tobacco Co. of India Ltd. to India Tobacco Co. Ltd.

1972: In October, ITC entered the hotel business.

1973: ITC received the government's approval to set up three processing plants.

1974:  On April 1^st, ITC's name was again changed to ITC Ltd with no acronyms.

1975: ITC acquired the India Leaf Tobacco Development Co. Ltd’s net asset in India.

1979: ITC’s chain of hotels’ name was renamed from "Welcome Hotels" to "Welcomgroup".

1983: Under a joint agreement between ITC and Gujarat Industrial Investment Corporation, a new company was incorporated under Gujarat Hotels. A total of 144-room hotels at Vadodara known as Welcomegroup Vadodara was set up.

1986: A joint venture agreement was signed between ITC and MP Audyogik Vikas Nigam to set up four hotels over the next five years.

1987: ITC introduced two new brands- Wills Flake Premium Filter and Scissors Filter. It also acquired Nedovs Hotel, Srinagar, on lease.

1988: ITC launched different varieties of oilseeds under the brand name "ADARSH" and cooking oil under "SUNDROP".

1990: ITC introduced refined mustard oil under the brand name "REAL GOLD”.

1993: ITC successfully launched Hero and Classic Milds brand Cigarettes.

1995: ITC introduced the capstan Menthol filter, capstan standard, and Bristo standard and re-designed Gold Flake Kings and Berkley Filter. It also introduced Gold Flake Lights in Kingsize into the test markets.

1996: ITC launched Classic Ultra Milds and Wills Natural Lights brands.

1997: ITC Classic Finance Ltd. was signed with ICICI Ltd.

1998: ITC had nearly 105 subsidiaries involved in various kinds of operations.

2000: Under the Packaging and Printing Division, the Lifestyle Retailing Business Division was set up. It also launched Wills Sport, a full range of internationally styled premium wear for men and women.

2003:

•  On February, 21^st, 2003, ITC Ltd's Spriha brand of natural incense sticks (Agarbathis) manufactured by Cottage Industries was launched.
•  On April 4^th, ITC introduced salt in the staple segment, which is the second offering from ITC Foods' staple business under the brand name of 'Aashirvaad'.
• ITC also unveiled a new brand of agarbattis.

2008: ITC launched eco-friendly "Paperkraft Premium Business Paper".

2010:

• ITC thrive into the ₹1,700-crore fairness cream market.
•  The Indian cigarette industry attracts international brands. Resultant, one of India's largest private sector companies and the most significant domestic cigarette manufacturer, ITC entered the cigars business in India.

2011:

•  Mr. Y C Deveshwar, Chairman of the ITC Ltd. received Padma Bhushan.
•  ITC launched renowned brands like Classmate Notebooks and John Players.

2012: ITC’s leading personal care brand, announced the launch of Vivel, its unique Skin Nourishing Range of Soaps.

2014:

• ITC was recognized as India's most admired company replacing TCS.
• ITC entered the e-cigarette business.
•  ITC Hotels launched one of the largest ever foreign investments in Colombo.

2017: ITC contributes to achieving Swachh Bharat through initiatives.

2022: On March, 31^st, 2022, ITC was ranked as one of the Most Profitable FMCG companies in India with a Gross Sales Value of ₹ 90,104 crores and Net Profit of ₹ 15,058 crores

List of ITC Businesses

Top Companies Owned by ITC Company

ITC Limited Subsidiaries

Principal Subsidiaries of ITC Ltd:

Conclusion
With its diverse business portfolio across numerous industries, ITC Limited has a significant impact on the Indian Market. It offers services in industries such as FMCG, Hotels, Packaging, Paperboards, Specialty Papers, and Agri-Business companies. The Kolkata-based company is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE). The wide range of products and brands and constant emphasis on innovation, sustainability, and social duty make it a great option for investors. Before investing, investors must get a brief idea about ITC Share Price, ITC Dividend, ITC Share Price History, ITC PE Ratio.