What Is the Full Form of ITC in Organization?

Full Form of ITC in Organization

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

Full Form of ITC

The full form of ITC in the business world is Indian Tobacco Company. ITC was established in 1910 as a trading concern and has since grown to become one of India’s leading companies with a market capitalization of over US $50 billion. The company’s operations span four broad sectors – Fast Moving Consumer Goods (FMCG), Hotels, Paperboards & Packaging and Agri Business.

ITC is one of the oldest companies in India, having its roots in the Imperial Tobacco Company which was founded by Englishman Viscount William Gifford-Hore-Belisha in 1910. The company started off with importing and exporting tobacco products such as cigarettes and cigars, but soon diversified into other businesses such as hotels, paperboards, packaging materials and agribusinesses. By the start of the 21st century, ITC had grown to become India’s third largest publicly traded company by market capitalization after Reliance Industries Ltd. & Tata Group.

ITC has been a major player in the FMCG sector since it entered that market back in 1975. It has a wide portfolio of offerings ranging from food products like biscuits and snacks to personal care items such as soaps and shampoos to stationery items like notebooks and writing instruments. It also offers a range of lifestyle products through its brands Wills Lifestyle, John Players and Carlton London. ITC has recently ventured into e-commerce with its online store ‘ITC E-Choupal’ that sells various goods including electronics, apparel and home decor items among others.

In the hotel segment, ITC operates more than 100 luxury hotels under its flagship brand WelcomHotel across India and abroad with plans to add more properties to their list soon. The Paperboards & Packaging division is another major contributor to ITC’s revenue stream as it accounts for around 34% of total sales for the company. This division produces paperboard for making boxes for consumer goods like detergents, toothpastes etc., along with manufacturing corrugated sheets used for making cartons for transporting goods across regions or countries worldwide.

Last but not least, ITC’s Agri Business division helps farmers enhance their productivity by providing them access to quality inputs at affordable prices along with enabling them to market their produce efficiently through modern retail outlets all over India through initiatives like e-choupal 4..0, e-Goenka etc., In addition to this they also provide necessary technical support services such as soil testing & tissue culture labs etc.,

Over the past 100+ years, ITC has come a long way from being just an importer/exporter of tobacco products to becoming one of India’s most successful conglomerates today with interests spanning multiple sectors viz FMCG, Hotels, Paperboards & Packaging and Agri Businesses among others. The company continues to focus on creating value for all stakeholders while simultaneously being committed towards environmental sustainability practices at all times .

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  • Johnetta Belfield

    Johnetta Belfield is a professional writer and editor for AcronymExplorer.com, an online platform dedicated to providing comprehensive coverage of the world of acronyms, full forms, and the meanings behind the latest social media slang.

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