ITC Full Form: What Is The Full Form Of ITC?

In this article we are going to know ITC full form

ITC Full Form

What Is The ITC Full Form?

The Full Form Of ITC is Indian Tobacco Company.

I= Indian

T= Tobacco

C= Company

Below We Are Going To Explain The Meaning Of ITC,

ITC Full Form
ITC Full Form

Meaning Of ITC

What Is The Meaning Of ITC?

The Meaning Of ITC,

There Are Three Meaning Of ITC,

(i) ITC: Indian Tobacco Company

ITC Limited or ITC is an Indian conglomerate.

The 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.

(ii) ITC: International Trade Center

International Trade Center was formed by the World Trade Organization (WTO) in1964. It is headquartered in Geneva, Switzerland. It was formed to provide trade-related technical help 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 developing countries.

(iii) ITC: Independent Telephone Company

The Independent Telephone Company is a telephone company which provides local services in the USA and Canada. This company usually operated in rural and sparsely populated areas and it was not 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 pastoral communities.

See This Also: What Is NOC Full Form? Find Out The Full Form Of NOC.

Below We Are Going To Explain The Abbreviation Of ITC,

Abbreviation Of Indian Tobacco Company.

What Is The Abbreviation Of Indian Tobacco Company?

The Abbreviation Of Indian Tobacco Company Of ITC.

Indian= I

Tobacco= T

Company= C

ITC is one of India’s premier private-sector conglomerate which deals in five different business segments. It is headquartered in Kolkata West Bengal. The current (as of March 2017) CEO of ITC is Sanjiv Puri.

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

Vision:

Maintain the position of ITC as one of 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.

  • Core Values
  • Trusteeship
  • Customer Focus
  • Respect for People
  • Excellence
  • Innovation
  • Nation Orientation

ITC was established in 1910 because of 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 has 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% of 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 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 include 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. Provides packaging and printing services for the domestic and export markets.

Frequently Asked Question:

Is ITC a Indian company?

ITC is an Indian company, formerly Indian Tobacco Company with some nonnative ownership. It was previously the short form for Imperial Tobacco company, but the merge had transformed into Indian Tobacco Company and later I.T.C limited due to its growth in various other horizons of business.

Is ITC is a government company?

ITC may be a conglomerate, meaning that it’s owned by shareholders only. The government has stakes (shares) in ITC (not directly but through SUUTI) amounting to 11.19%, like a whopping INR 25,754 crores. Thus, the govt is the maximum amount an owner of ITC as is any entity with even one share.

Who is the founder of ITC?

ITC was the India Tobacco Company before it abbreviated its name and dropped the dots. Before that, it was the Imperial Tobacco Company. And before that, it absolutely was Peninsular Tobacco Company, which was founded in 1910 in Munger, Bihar (then called Monghyr). So I assume it was founded by Lord Cornwallis or some such person.

What does ITC company do?

ITC Ltd is 1 of India’s foremost private sector companies. ITC features a diversified presence in Paperboards & Specialty Papers, Cigarettes, Packaged Foods & Confectionery, Hotels, Packaging, Agri-Business, Information Technology, Safety Matches, Branded Apparel, care, Stationery, and other FMCG products.

What is full form of ITC in GST?

Input tax credit (ITC) is that the backbone of the GST regime. GST is nothing but a VAT (value-added tax) on goods & services combined. It is these provisions of Input tax credit that make GST a value-added tax i.e., collection of tax in the least points after allowing credit for the inputs.

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