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ITC Limited
ITC was incorporated on August 24, 1910 under the name Imperial Tobacco Company of India Limited. As the Company's ownership progressively Indianised, the name of the Company was changed from Imperial Tobacco Company of India Limited to India Tobacco Company Limited in 1970 and then to I.T.C. Limited in 1974. In recognition of the Company's multi-business portfolio encompassing a wide range of businesses - Fast Moving Consumer Goods comprising Foods, Personal Care, Cigarettes and Cigars, Branded Apparel, Education and Stationery Products, Incense Sticks and Safety Matches, Hotels, Paperboards & Specialty Papers, Packaging, Agri-Business and Information Technology - the full stops in the Company's name were removed effective September 18, 2001. The Company now stands rechristened 'ITC Limited,'where ‘ITC’ is today no longer an acronym or an initialised form.
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Contact Details
Contact Address:ITC
No.37
J.L.Nehru Road
Kolkata, WB, 700071
Phone : +91-33-22889371
Fax : +91-33-22881417
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(1) Business Reviews for ITC Limited
Mayank Gupta wrote on 16-Jul-2012
This is Mayank Gupta. I am looking out to take a distributorship/dealership in Uttar Pradesh region for leaf tobacco and other tobacco product. I am into this business since last 10 years and now i am looking for some more reputed brands of tobacco for the future growth . Henceforth, I wanted to know if any company is inviting for the same or not. If yes then plz contact "Mayank on 9721170771". With Regards. Mayank(9721170771)
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News
Sanjiv Puri now CMD at ITC, resolves to build market leadership across all segments
Posted on 14th May 2019
ITC managing director Sanjiv Puri was on Monday appointed the company’s chairman, two days after the death of YC Deveshwar, who earlier held the post. Puri, who has been the MD at the diversified firm since May last year, is now its chairman and managing director.

The announcement was widely expected. Puri, 56, was the chief operating officer (COO) before being promoted as chief executive officer (CEO) in February 2017. Read More


Succession issue may come up for discussion at ITC board meet today
Posted on 13th May 2019
The board of tobacco-to-hotels major, ITC, will meet for the first time since the demise of its chairman and non-executive director, Y C Deveshwar, on Monday. The agenda before the board, circulated much ahead of Deveshwar’s demise on Saturday, was to approve the audited financial results for the quarter and financial year and recommendation of dividend. However, it was most likely that the issue of succession would come up for discussion at the meeting. Read More

Y C Deveshwar obit: ITC's never-say-die diversification strategist
Posted on 11th May 2019
He took charge, most of the diversifications had failed or were faltering, Perhaps his biggest achievement would be that the consumer spend in the new FMCG brands today is over the size of ITC in 1996

Y C Deveshwar died on Saturday leaving behind a ITC very different from the one he inherited. Read More


ITC moves NCLT against Hotel Leelaventure, alleges oppression of minority shareholders
Posted on 24th April 2019
ITC has moved the National Company Law Tribunal (NCLT) against Hotel Leelaventure, alleging “oppression and mismanagement” of minority shareholders. ITC, which has a 7.92% stake in Hotel Leelaventure, has objected to a transaction involving the sale of properties by Hotel leelaventure to Brookfield.

ITC’s petition in the NCLT, Mumbai, noted that “….from the limited inspection provided, it became clear that the proposed transaction would have the effect of transferring a substantial part of the assets of Respondent No. 1 in favour of Brookfield for an amount of Rs 4,250 crore. Read More


AAR: No ITC for firm on executive’s hotel bill
Posted on 6th February 2019
The Maharashtra Authority of Advance Ruling (AAR) held that a Pune-based company (a step-down arm of South Korean steelmaker Posco’s Indian arm) is not eligible to claim input credit tax (ITC) for goods and services tax (GST) paid on the hotel stay provided to its executive in lieu of residential rent-free lodging as it doesn’t amount to furtherance of business. Read More
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