The Early Years of ITC Group

The first brick of ITC group history was set in 1910 with its first business venture. Founded as the Imperial Tobacco Company of India Limited, ITC Group's primary business was tobacco and the manufacture of cigarettes.

As part of the colonial rule that Britannia exercised over India at the time, ITC had virtually every reason to exist solely for the interests of foreign markets during those early years after independence. However, it chose not to as it transformed with new custodianship and Indian consumers.

In 1970, ITC was convinced that it could best serve India by orienting its activities to the new priorities emerging in Indian society. This is why the company changed its name to Indian Tobacco Company Limited.

In 1974, ITC entered the hotel business by launching ITC Hotels. The objective of ITC’s entry into the hotel business was rooted in creating value for the nation. This was ITC’s first transformational foray into diversification within the Cigarette business.

 

Diversification and Growth of ITC Group

Through the 1980s and 1990s, every chapter of the ITC group history saw significant, ambitious strides in expansion. It entered the paperboard and packaging space, becoming one of India’s largest players.

The opening up of India’s economy saw ITC enter the FMCG (Fast-Moving Consumer Goods) sector with popular brands like Aashirvaad, Sunfeast, and Bingo, further strengthening its market presence.

In the year 2000, the ITC group was diversifying its business portfolio by foraying into information technology with ITC Infotech India Limited. This was the time when online trading meaning started to get its footprint among investors and traders.

ITC made its shares available for purchase on online trading platforms, which started attracting more investors. Online trading requires investors to have a demat account number for trading securities electronically.

 

Modern-Day ITC

Today, ITC Group is one of India’s top private sector companies with a market cap of Rs. 6.09 trillion and a turnover of Rs. 69,446 crores. With a strong focus on sustainability and innovation, ITC has continued to thrive and maintain its relevance in an ever-changing business environment.

Investors buy and sell ITC shares through online trading platforms. If you are new to investing and want to invest in ITC shares, you can start by understanding online trading meaning and then getting your demat account number to hold shares digitally.

 

Conclusion

From its early roots in tobacco to a giant luxury hotel chain, the ITC group history is long-standing and fascinating. With an ever-growing presence in sectors like FMCG, agriculture, and hospitality, ITC’s journey from a single-focus company to a diversified powerhouse is a testament to its vision, resilience, and commitment to growth.

Open a free demat account with Almondz Trade and start trading ITV Group stocks today.

 

Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Please consult an expert before making any related decisions.