What is the full form of ITC
ITC: Indian Tobacco Company, International Trade Center, Independent Telephone Company
(i) ITC: Indian Tobacco Company
ITC Limited or ITC is an Indian conglomerate.
Conglomerate is a combination of two or more corporations dealing in totally different businesses and controlled by one corporate group. It is a large, multinational and multi-industry company.
ITC is one of the India's premier private sector conglomerate which deals in five different business segments. It is headquartered in Kolkata West Bengal. The current (as March 2017) CEO of ITC is Sanjiv Puri.
Vision: Maintain the position of ITC as one of the India's most reputed and valuable corporation through world-class performance while creating value for the Indian economy and its stakeholders
Mission: To improve the wealth generating capability of the enterprise in a globalizing environment and deliver higher and sustainable stakeholder value.
ITC was established in 1910 as the Imperial Tobacco Company of India Limited. It was renamed as I.T.C. Limited in 1974. In September 200, the company is renamed as ITC Ltd. It has completed its 100 years in 2010. ITC have more than 60 centers across India and there is more than 25000 employees work for it. The main product of the company was cigarettes but now a day it deals in five different business segments. They are: Fast Moving Consumer Goods (FMCG), Hotels, Packaging and Paperboards, Agri-Business, Information Technology.
Products and Brands of ITC
Cigarettes: ITC Ltd. Sells 80% cigarettes in India. More than 275 million peoples use tobacco products and which market worth is almost 35000 crore.
Foods: ITC's major food brands are Sunfeast, Aashirwaad, yippee, candyman, Bingo etc. It deals in 4 categories of food business like Staples, Snack foods, Confectionary, Ready to eat foods.
Personal care products: Perfumes, Haircare, Bodycare products like Vivel, Superia, Engage etc.
Lifestyle Apparel: Wills Lifestyle, John Payers brands etc.
Stationary and Paperboard: Brands includes Classmate, Color Crew, PaperKraft etc.
Agarbattis and Safety Matches: Ship, Aim is the brand of Safety matches and Magal deep is the brand of Agarbatti.
Information Technology: ITC Ltd. Works as ITC InfoTech India Ltd which is a SEI CMM Level 5 company.
Packages and Printing: ITC Ltd. Provides packaging and printing services for domestic and export market.
(ii) ITC: International Trade Center
International Trade Center was formed by World Trade Organization (WTO) in1964. It is headquartered in Geneva, Switzerland. It was formed to provide trade related technical helps to WTO. ITC is the only agency that fully supports the internationalization of small and medium-sized enterprises (SMEs). Its goal is to enhance the international competitiveness of SMEs in the developing countries.
(iii) ITC: Independent Telephone Company
The Independent Telephone Company is a telephone company which provides local services in USA and Canada. This company usually operated in rural and sparsely populated areas and it was not the part of the Bell System, a system of companies led by the Bell Telephone Company. The Genuine Cable Group (GCB) helped ITC provide quality services to rural communities.