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Key people at ITC Limited.
ITC Limited is a diversified Indian conglomerate based in Kolkata, India, operating across fast-moving consumer goods (FMCG), hotels, packaging, agribusiness, and information technology. Its portfolio includes FMCG brands like Aashirvaad and Savlon, and cigarettes like Gold Flake. The publicly traded company has a market capitalization over ₹4,38,601 Cr and employs 36,500+ individuals. It serves through 6 million retail outlets in 90 countries and 60 Indian locations. Chairman & MD Sanjiv Puri leads the organization; key subsidiary leaders include Anil Chadha (ITC Hotels), Hemant Malik (ITC Foods), and Sudip Singh (ITC Infotech). Founded August 24, 1910, as Imperial Tobacco Company of India Limited, British-owned, it had no specific individual founder. Its business model centers on publicly traded company generating revenue through sales of diversified products including cigarettes, FMCG, hotels, packaging, and agribusiness.
ITC Limited is a diversified Indian conglomerate headquartered in Kolkata, operating across FMCG, agribusiness, paperboards and specialty papers, packaging, IT, and hotels, with tobacco products generating the largest revenue share.[1][2][3] As one of India's foremost private sector companies, it reported gross revenue of ₹73,465 crores and EBITDA of ₹24,025 crores as of March 31, 2025, employing over 36,500 people across more than 60 locations in India and serving 90 countries through 6 million retail outlets.[2][3][4] It ranks as India's second-largest FMCG company by market capitalization and the world's third-largest tobacco company, while emphasizing sustainability, innovation, and stakeholder value through core principles like trusteeship and customer focus.[1][2]
ITC traces its roots to 1910, when it was established as the British-owned Imperial Tobacco Company of India Limited in Kolkata, initially focused on tobacco manufacturing at Virginia House.[1][4] Key expansions included acquiring Carreras Tobacco Company's factory in 1935, setting up an indigenous cigarette tissue-paper plant in 1946, and a printing and packaging facility in Madras in 1949, followed by mergers with Tobacco Manufacturers (India) Limited and Printers (India) Limited in 1953.[1] Renamed India Tobacco Company Limited in 1970, it evolved into a diversified conglomerate, demerging its hotels business into ITC Hotels effective January 1, 2025, and pursuing recent acquisitions like Aditya Birla Real Estate's pulp and paper business in March 2025 and Sresta Natural Bioproducts in June 2025.[1]
While not a pure tech player, ITC leverages IT services through ITC Infotech, providing software development, web/mobile apps, and digital marketing to enhance its FMCG, agribusiness, and retail operations amid India's digital transformation.[4] It rides trends like e-commerce expansion, organic food growth (targeting ₹10,000-crore market), and GST reforms for consumption boosts, with Chairman Sanjiv Puri highlighting consumer shifts toward health-conscious, aspirational products.[3] Market forces like globalization and sustainability favor its diversified model, influencing India's FMCG ecosystem by widening distribution, micro-segmentation, and agri-tech commercialization via subsidiaries.[2][3][4]
ITC's trajectory points to accelerated non-tobacco growth through 2025 acquisitions in paper, organics, and hotels demerger, capitalizing on GST simplifications and premium FMCG demand.[1][3] Trends like health-focused consumption, digital supply chains via IT, and climate-resilient agribusiness will shape its path, potentially elevating its market cap as India's valued conglomerate.[2][3] Its evolution from tobacco roots to multi-sector leader underscores enduring adaptability, positioning it to sustain stakeholder value in a dynamic economy.[2]
Key people at ITC Limited.
