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What is the full form of ITC?

Full form of ITC: Here, we are going to learn about the ITC, full form of ITC, overview, objectives, etc.
Submitted by Anushree Goswami, on February 29, 2020

ITC: Indian Tobacco Company, International Trade Center, Independent Telephone Company

1) ITC: Indian Tobacco Company

ITC is an abbreviation of Indian Tobacco Company. ITC Limited or ITC is a huge Indian multinational and multi-industry corporation.

It is a Conglomerate, an amalgamation of two or more corporations operating in completely different businesses and administered and controlled by the individual corporate group. ITC is one of India's leading private sector conglomerate which trades in five different business divisions. Its head office is situated in Kolkata, West Bengal. As of May 2019, the current MD and chairman of ITC are Sanjiv Puri.

In 1910, ITC was founded as the Imperial Tobacco Company of India Limited. In 1974, it was renamed as I.T.C. Limited.

Corporation services in different fields:

  • Fast Moving Consumer Goods (FMCG)
  • Hotels
  • Packaging and Paperboards
  • Agri-Business
  • Information Technology

ITC Objective

To advance and develop the wealth-generating potential of the business venture in a globalizing surrounding and situation and bring advanced and sustainable stakeholder value.

Core Values

  • Trusteeship
  • Customer Focus
  • Respect for People
  • Excellence
  • Innovation
  • Nation Orientation
ITC full form

Image source: https://en.wikipedia.org/wiki/ITC_Limited

Products and Brands of ITC

  • Cigarettes: ITC Ltd. sells 80% of cigarettes in India. More than 275 million peoples use tobacco products and which market worth is almost 35000 crore.
  • Foods: ITC's most significant food brands are Sunfeast, Aashirwaad, yippee, candyman, Bingo, etc. It operates in four categories of food businesses 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 comprises 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 an SEI CMM Level 5 company.
  • Packages and Printing: ITC Ltd. offers packaging and printing services for the domestic and export market.

2) ITC: International Trade Center

ITC is also an abbreviation of the International Trade Center.

In 1964, it was established by the World Trade Organization (WTO). Its head office is situated in Geneva, Switzerland. It was established to offer trade associated with technical assistance to WTO. ITC is the only organized group that completely supports the globalization of small and medium-sized enterprises (SMEs).

ITC full form (2)

Image source: https://www.youtube.com/channel/UC5lqp6_HzCYrylUXztjmEAg

3) ITC: Independent Telephone Company

ITC is also an abbreviation of an Independent Telephone Company. It was a telephone company which offers local services in the USA and Canada. This company generally worked in rural and less number of occupied areas and it was not the division of the Bell System, a system of companies which led by the Bell Telephone Company. The Genuine Cable Group (GCB) assisted ITC offer quality services to rural communities.

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