ITC Limited (BSE: 500875) or ITC is an Indian public conglomerate company headquartered in Kolkata, West Bengal, India. Its diversified business includes four segments: Fast Moving Consumer Goods (FMCG), Hotels, Paperboards, Paper & Packaging and Agri Business. ITC's annual turnover stood at $7 billion and market capitalization of over $33 billion. The company has its registered office in Kolkata. It started off as the Imperial Tobacco Company, and shares ancestry with Imperial Tobacco of the United Kingdom, but it is now fully independent, and was rechristened to Indian Tobacco Company in 1970 and then to I.T.C. Limited in 1974.
The Imperial Tobacco Company was created in 1901 through the amalgamation of thirteen British tobacco and cigarette companies: W.D. & H.O. Wills of Bristol (the leading manufacturer of tobacco-based products at that time), John Player & Sons of Nottingham and 11 others.
Imperial Tobacco It is the world’s fourth-largest cigarette company measured by market share (after Philip Morris International, British American Tobaccoand Japan Tobacco), and the world's largest producer of cigars, fine-cut tobacco and tobacco papers. It produces over 320 billion cigarettes per year, has 51 factories worldwide and its products are sold in over 160 countries. Its brands include Davidoff, West, Gauloises Blondes,Montecristo, Drum (the world's second-largest-selling fine-cut tobacco) and Rizla (the world’s best-selling rolling paper).
In 1902 the Imperial Tobacco Company and the American Tobacco Company agreed to form a joint venture: the British-American Tobacco Company Ltd. The parent companies agreed not to trade in each other's domestic territory and to assign trademarks, export businesses and overseas subsidiaries to the joint venture.
British-American Tobacco owns about a third of ITC's shares.
Source: Wikipedia
The Imperial Tobacco Company was created in 1901 through the amalgamation of thirteen British tobacco and cigarette companies: W.D. & H.O. Wills of Bristol (the leading manufacturer of tobacco-based products at that time), John Player & Sons of Nottingham and 11 others.
Imperial Tobacco It is the world’s fourth-largest cigarette company measured by market share (after Philip Morris International, British American Tobaccoand Japan Tobacco), and the world's largest producer of cigars, fine-cut tobacco and tobacco papers. It produces over 320 billion cigarettes per year, has 51 factories worldwide and its products are sold in over 160 countries. Its brands include Davidoff, West, Gauloises Blondes,Montecristo, Drum (the world's second-largest-selling fine-cut tobacco) and Rizla (the world’s best-selling rolling paper).
In 1902 the Imperial Tobacco Company and the American Tobacco Company agreed to form a joint venture: the British-American Tobacco Company Ltd. The parent companies agreed not to trade in each other's domestic territory and to assign trademarks, export businesses and overseas subsidiaries to the joint venture.
British-American Tobacco owns about a third of ITC's shares.
Source: Wikipedia
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