ITC Ltd (ITC) Share Price

ITC Limited is a leading Indian conglomerate that is headquartered in Kolkata, West Bengal, India. ITC operates across industries and business segments such as FMCG and hotels. The story of ITC began on August 24, 1910, when the firm was incorporated as Imperial Tobacco Company of India. ITC operated as a cigarette and leaf tobacco company for many years. The company looked to diversify in the 1970s. First, it changed its name to India Tobacco Company Limited in 1970 and then to I.T.C. Limited in 1974. The company abbreviated its name to promote its image as a diversified company. A year later in 1975, ITC entered the hotel business after acquiring a hotel in Chennai which was later rechristened as 'ITC-Welcomgroup Hotel Chola'. ITC further diversified its business in 1979 as it entered the Paperboards business after promoting ITC Bhadrachalam Paperboards Limited. In 1985, ITC founded the Surya Tobacco Company in Nepal. This was an Indo-Nepal and British joint venture. ITC purchased tissue paper supplier Tribeni Tissues Limited in 1990. ITC formed ITC Infotech India Limited after it spun off its IT business into a wholly owned subsidiary. On September 18, 2001, the company changed its name from I.T.C. to just ITC, removing the full stops in its name. ITC, in a corporate restructuring exercise, merged Bhadrachalam Paperboards Division with Tribeni Tissues Division. This resulted in the formation of the paperboards and specialty papers division in 2002. The 2000s saw ITC further diversify into several new segments. In 2002, ITC entered the confectionery and staples segments. ITC entered the biscuits segment in 2003. ITC further diversified in 2005 after it entered the personal care segment. In 2007, ITC further expanded by entering the branded snacks category. In 2010, ITC entered the Indian instant noodles market. ITC marked its entry in the gums category in 2014. ITC forayed into the fruit-based juices and beverages market and dairy market in 2015. ITC expanded into the luxury chocolate segment in 2016. ITC acquired the skincare brand Charmis in 2017. 2018 was the year ITC acquired floor cleaner Nimyle and Dermafique. As of March 2022, ITC is one of India's largest diversified conglomerates, with operations in over 60 countries and a workforce of over 35,000 employees.

Products and services

ITC has a diverse business portfolio. The businesses that ITC operates include fast-moving consumer goods (FMCG), paperboards and specialty papers, packaging, agri-business and information technology services. ITC also operates a hotel business. Aashirvaad, Sunfeast, Bingo! and Yippee! are some of the brands of ITC in the FMCG sector. In the agri-business segment, ITC operates e-Choupal, a digital platform that connects farmers with markets. ITC's information technology division offers business consulting and other IT services to clients across the world.

Listing

FMCG major ITC was listed on the Bombay Stock Exchange (BSE) in 1974 after it issued its Initial Public Offer (IPO). ITC is listed on a number of other stock exchanges like NSE, Calcutta Stock Exchange, Delhi Stock Exchange etc. ITC is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex etc