What Is the Full Form of ITC in Organisation?

The Full Form of ‘ITC’ in Organisation is ‘Indian Tobacco Company’.

Full Form of ITC

ITC is one of the most well-known and established brands in India. It stands for Indian Tobacco Company, a company that has been in existence for over a century. ITC was founded in 1910 by Sir Thomas Dickson as Imperial Tobacco Company of India Limited. The company was initially set up to process tobacco for the British Empire, but soon diversified its portfolio to include paper, food, hotels, agri-businesses, and more.

ITC’s product range is quite extensive and includes cigarettes, cigars, chewing tobacco, snuff, gutkha (betel nut mixture), pan masala (tobacco-based mixtures), papers and packaging materials. The company also has a wide range of branded consumer goods such as soaps and detergents, snacks and confectionery items, safety matches, lifestyle products such as apparel and accessories, stationery products etc.

ITC is one of India’s leading fast-moving consumer goods companies with an annual turnover of approximately US$ 8 billion. It employs more than 30 thousand people across India and its distribution network covers more than 6 million retail outlets all over the country. The company also has a presence in countries like Bangladesh, Sri Lanka and Nepal.

In addition to its core business activities related to the processing of tobacco leaf and manufacture of packaged tobacco products for domestic consumption in India and export markets abroad; ITC also engages in other businesses including hotel services (all operated through ITC Hotels Ltd.), textile manufacturing (operated through Surya Lanka Ltd.), printing & packaging (through ITC Packaging & Printing Ltd.), information technology solutions (through ITC Infotech) etc.

ITC is also actively involved in corporate social responsibility initiatives such as promoting health awareness among youth on smoking cessation programmes; providing financial assistance to farmers engaged in agricultural activities; encouraging education among rural children; supporting women entrepreneurs etc. The company has earned numerous awards from various government bodies such as the National Entrepreneurship Awards 2017-18 from Government of India’s Department of Industrial Policy & Promotion; Special Recognition Award at Global CSR Summit 2018; Best Employer Brand Award 2018 etc., recognizing its commitment towards sustainable development goals adopted by United Nations Global Compact Initiative.

To sum it up, ITC stands for Indian Tobacco Company which is one of the oldest companies in India that has successfully diversified into several businesses from its core activity related to processing tobacco leaf and manufacture of packaged tobacco products for domestic consumption in India and export markets abroad . In addition to these activities , it is actively involved in various social responsibility initiatives that have helped it earn numerous awards from various government bodies .

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