ITC is one of India's foremost private sector companies with a market
capitalisation of over US $ 15 billion and a turnover of US $ 4.75 billion. Rated
among the World's Leading Companies by Forbes magazine, ITC ranks third in
pre-tax profit among India's private sector corporations. ITC has a diversified
presence in Cigarettes, Hotels, Paperboards & Specialty Papers, Packaging,
Agri-Business, Branded Apparel, Packaged Foods & Confectionery, Greeting
Cards and other FMCG products. While ITC is an outstanding market leader in its
traditional businesses of Cigarettes, Hotels, Paperboards, Packaging and
Agri-Exports, it is rapidly gaining market share even in its nascent businesses
of Branded Apparel, Greeting Cards and Packaged Foods & Confectionery.
As one of India's most valuable and respected corporations, ITC is
widely perceived to be dedicatedly nation-oriented. Chairman Y C Deveshwar
calls this source of inspiration "a commitment beyond the market". In his own
words: "ITC believes that its aspiration to create enduring value for the
nation provides the motive force to sustain growing shareholder value. ITC
practises this philosophy by not only driving each of its businesses towards
international competitiveness but by also consciously contributing to enhancing
the competitiveness of the larger value chain of which it is a part."
ITC's diversified status originates from its corporate strategy aimed at
creating multiple drivers of growth anchored on its time-tested core
competencies: unmatched distribution reach, superior brand-building
capabilities, effective supply chain management and acknowledged service skills
in hoteliering. Over time, the strategic forays into new businesses are
expected to garner a significant share of these emerging high-growth markets in
India.
ITC's Agri-Business is one of India's largest exporters of agricultural
products. ITC is one of the country's biggest foreign exchange earners. The Company's 'e-Choupal' initiative is enabling
Indian agriculture significantly enhance its competitiveness by empowering
Indian farmers through the power of the Internet. This transformational
strategy, which has already become the subject matter of a case study at
Harvard Business School, is expected to progressively create for ITC a huge
rural distribution infrastructure, significantly enhancing the Company's
marketing reach.
ITC's wholly owned Information Technology subsidiary, ITC Infotech India
Limited, is aggressively pursuing emerging opportunities in providing
end-to-end IT solutions, including e-enabled services and business process
outsourcing
ITC's production facilities and hotels have won numerous national and
international awards for quality, productivity, safety and environment
management systems. ITC was the first company in India to be rated for
Corporate Governance by ICRA, an associate of Moody's Investors Service, which
accorded it the second highest rating, signifying "a high level of assurance on
the quality of corporate governance."
ITC employs over 21,000
people at more than 60 locations across India. Ranked among India's most
valuable companies by the 'Business Today' magazine, ITC continuously endeavors
to enhance its wealth generating capabilities in a globalising environment to
consistently reward all its shareholders, fulfill the aspirations
of its stakeholders and meet societal expectations. This over-arching vision of
the company is expressively captured in its corporate positioning statement:
"Enduring Value. For the nation. For the Shareholder."
For Further information on ITC group and its businesses please click on the link below :
www.itcportal.com