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ITC Ltd

NSE: ITC BSE: 500875

₹328.60

(-1.16%)

Wed, 25 Feb 2026, 05:38 am

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Company History

1910

  • ITC incorporated as Imperial Tobacco Co. of India Ltd. on August 24.

1953

  • ITC acquired Tobacco Manufacturers (India) Ltd. business and Printers (India) Ltd. printing business.

1954

  • ITC converted to Public Limited Company on October 27.

1970

  • ITC name changed to India Tobacco Co. Ltd. in May.
  • ITC issued 500,000 right shares and 32,90,000 public equity shares at Rs 3 premium.

1972

  • ITC entered hotel business in October.

1973

  • ITC received government approval for three processing plants.

1974

  • ITC name changed to ITC Ltd. on April 1.
  • Non-resident shareholders offered 28,04,775 equity shares at par.

1975

  • ITC purchased net assets of India Leaf Tobacco Development Co. Ltd. (UK) in India.

1976

  • Foreign shareholders offered 38,00,000 shares at Rs 5 premium to reduce foreign equity to 40%.

1978

  • ITC issued 37,90,000 bonus shares 1:5.

1979

  • ITC hotel chain renamed Welcomgroup.
  • ITC entered agreement with Sheraton International.

1980

  • ITC issued 45,48,000 bonus shares 1:5.

1983

  • ITC incorporated Gujarat Hotels Ltd. JV for Vadodara hotel.

1984

  • ITC allotted 29,38,050 shares to bondholders on July 1.

1985

  • ITC allotted 29,42,060 shares to bondholders.

1986

  • ITC signed JV with MP Audyogik Vikas Nigam for four hotels.
  • ITC promoted ITC Filtrona Ltd. JV for cigarette filters.

1987

  • ITC introduced Wills Flake Premium Filter and Scissors Filter.
  • ITC signed long-term union agreements; Bangalore strike lasted 114 days.
  • ITC acquired Nedows Hotel Srinagar on lease; planned Jaipur hotel; added rooms in Agra.

1988

  • ITC formed Agribusiness Division.
  • ITC signed MoU for restaurant in Odessa, USSR.
  • ITC subscribed 11,86,157 shares in PABL.
  • ITC launched ADARSH oilseeds and SUNDROP oil.
  • ITC invested in packaging and explored software centre.

1989

  • ITC entered collaboration with Liqui Box Corporation for packaging.
  • ITC issued 331,68,110 bonus shares 1:1.
  • ITC proposed tobacco protein and solanesol extraction.
  • Nedows Hotel Srinagar suspended; Bukhara franchised to Sheraton Hong Kong.

1990

  • ITC launched REAL GOLD refined mustard oil.
  • Tribeni Tissues Ltd. amalgamated; 105,95,070 shares allotted.

1991

  • ITC agreed with MISR Import & Export Co. for tea exports to Egypt.
  • ITC proposed agreement for safety matches exports to UAE.
  • ITC proposed agreement for tea exports to Iran.

1992

  • Tribeni Tissues faced lockout from May 27.
  • ITC incorporated ITC Global Holdings Pte. Ltd. in Singapore.
  • ITC incorporated ITC Infotech Ltd. in UK.

1993

  • ITC repositioned hybrid seeds in ITC Zere Co. Ltd. joint venture.
  • ITC launched Hero cigarettes.
  • ITC formed financial services division and proposed ITC Peregrine Capital JV.
  • ITC issued 45,00,000 GDRs.
  • ITC launched Classic Milds and Hero cigarettes.

1994

  • ITC proposed sale of edible oils to ITC Agro Tech for Rs 25 crores.
  • Tiruvottiyur operations resumed.
  • ITC issued 121,318,177 bonus shares 1:1 and 285,550 on warrants.
  • ITC introduced scissors standard.
  • ITC Classic Finance planned mutual funds, real estate, and home finance.

1995

  • ITC introduced Capstan Menthol Filter, Capstan Standard, Bristo Standard, redesigned Gold Flake Kings and Berkeley Filter; test-launched Gold Flake Lights.
  • ITC formed ITC Classic Threadneedls AMC joint venture.
  • ITC allotted 25,78,150 shares on warrants.

1996

  • ITC purchased Mantralayam undertaking for Rs 115.80 crores.
  • ITC launched Classic Ultra Milds and Wills Natural Lights cigarettes.

1997

  • ITC Classic Finance amalgamated with ICICI.
  • ConAgra invested over 51% in ITC Agro-Tech.
  • ITC planned acquisition of CIDL real estate business.
  • ITC workers struck against retrenchment.

1998

  • ITC signed agreement with NSDL for dematerialisation.
  • ITC restructured 105 subsidiaries.

1999

  • ITC increased stake in ITC Bhadrachalam Paperboards to 51%.
  • ITC set up new tobacco processing department.
  • ITC Anaparti factory received Rajiv Gandhi National Quality Award.

2000

  • ITC Infotech signed MoU with Compaq.
  • ITC launched e-Choupal project.
  • ITC entered retailing with Wills Sport leisurewear.
  • ITC hived off Infotech businesses into subsidiary.
  • ITC set up Lifestyle Retailing and greeting cards units.
  • ITC Infotech achieved CMM Level-5.
  • ITC launched www.itcibd.com for commodities trading.
  • ITC set up units in north-eastern states.
  • ITC Infotech India became wholly owned subsidiary; Ansal Hotels subsidiary of ITC Hotels.
  • ITC proposed Employee Stock Option Scheme.
  • ITC planned merger with ITC Bhadrachalam Paperboards.

2002

  • ITC appointed J.B. Stevens as Additional Non-Executive Director.
  • Workmen resumed at Tiruvottiyur printing factory.
  • ITC acquired stake in EIH Ltd.
  • ITC allotted shares under Bhadrachalam amalgamation scheme.
  • ITC launched Aashirvaad atta.
  • ITC Foods entered confectionery with Minto brand.
  • ITC Greeting Cards launched Expressions PaperKraft stationery.
  • ITC acquired Wills brand in US.
  • ITC acquired additional shares in Surya Nepal Pvt. Ltd.
  • IDBI appointed T.M. Nagarajan as Nominee Director.
  • ITC approved integration of Bhadrachalam and Tribeni Tissues divisions.
  • ITC International Business Division launched Tradersnet and Planternet.
  • ITC diversified into match business.

2003

  • ITC launched Spriha agarbattis.
  • ITC launched Aashirvaad salt.
  • International Travel House divested 49% in LeasePlan India.
  • ITC set up Rs 227 crore pulp mill at Bhadrachalam.
  • ITC entered afforestation alliances with state governments.
  • ITC launched new agarbattis brand.

2004

  • ITC Wills Lifestyle unveiled fall/winter collection.
  • ITC signed MoU with Andhra Pradesh for wasteland development.
  • ITC received Rs 5.80 crore grant from British challenge fund.
  • ITC acquired BILT Industrial Packaging paperboards business.
  • ITC Foods launched cooking pastes under Kitchens of India and Aashirvaad.
  • ITC launched Sunfeast biscuits.
  • ITC tied up with Israeli firm for e-choupals.
  • ITC e-Choupal won World Business Award and Wharton Infosys Award.
  • ITC International Business Division entered organic farm products trading.
  • ITC launched special incense gift packs.

2005

  • ITC obtained ISO 9001:2000 for investor servicing.
  • ITC won Golden Peacock Global CSR Award.
  • ITC signed MoU with Tripura for bamboo development.
  • ITC launched 5-in-1 agarbattis.
  • ITC launched Expressions Regalia.
  • ITC e-Choupal received Development Gateway Award.
  • ITC launched Candyman Cofitino.
  • ITC issued 1:2 bonus shares and split face value from Rs 10 to Re 1.

2006

  • ITC allied with Tilda for DNA-tested basmati.
  • ITC tied up with Marubeni for food business.
  • ITC won National Award for Excellence in Corporate Governance.
  • ITC Infotech launched Interline e-Ticketing Testing Service.

2007

  • ITC acquired Australian agri-biotech company.
  • ITC signed MoU with Nagaland Government and Spices Board for Naga chilli.

2008

  • ITC appointed H.G. Powell as Additional Non-Executive Director.
  • ITC focused on health and wellness products.
  • ITC launched eco-friendly Paperkraft Premium Business Paper.

2009

  • ITC appointed Anthony Ruys as Additional Non-Executive Director.
  • ITC appointed Deloitte Haskins & Sells as auditors.
  • ITC launched Vivel Ultra Pro anti-dandruff shampoo.
  • ITC Social Forestry project earned Carbon Credits.
  • ITC joined WWF GFTN for responsible forestry.
  • ITC partnered ORMAS for livelihoods in Orissa.

2010

  • ITC entered fairness cream market.
  • ITC planned stationery products expansion.
  • ITC entered cigars business.
  • ITC planned Rs 1,000 crore investment in Bhadrachalam paper mill.
  • ITC issued 1:1 bonus shares.

2011

  • Y.C. Deveshwar received Padma Bhushan.
  • ITC planned Rs 3,000 crore paper unit in Andhra Pradesh.
  • ITC planned rebranding of retail stores.
  • ITC acquired 96.825% of Wimco Ltd.

2012

  • ITC acquired Technico Pty Ltd making it wholly owned subsidiary.
  • ITC received 2012 World Business and Development Award.
  • ITC increased stake in East India Hotels by 1%.
  • Y.C. Deveshwar ranked 7th Best Performing CEO by Harvard Business Review.

2013

  • ITC launched Mission Sunehrakal for soil and moisture conservation in Mysore.
  • ITC ranked #1 in CSR by Nielsen Corporate Image Monitor 2012-13.
  • ITC entered biscuits market with Sunfeast glucose, marie, and cream variants.
  • ITC Infotech became 1st PTC Authorized Training Partner in India.
  • ITC Grand Chola received highest national green building rating.
  • ITC Hotels tied up with RP Group to manage 5 hotels in India and Dubai.
  • ITC personal care brand launched second edition Couture Spa Gel Bathing Bars.
  • ITC launched Vivel Skin Nourishing Range soaps.

2014

  • ITC voted top two 'Buzziest Brands' in Corporate category by afaqs.
  • Fiama Di Wills collaborated with Masaba Gupta.
  • ITC personal care brand launched 'Love & Nourish'.
  • ITC reached Rs 1,000 crore revenue in stationery market.
  • ITC's Engage range took second spot in deo market by volume.
  • ITC replaced TCS as India's most admired company.
  • ITC entered e-cigarette business.
  • ITC Hotels launched major investment in Colombo.

2015

  • ITC entered asset purchase agreements with Johnson & Johnson entities.
  • ITC introduced grease-resistant paperboards.
  • ITC acquired 87.06% of Classic Infrastructure & Development Ltd.
  • Russell Credit acquired Wills Corporation Ltd.
  • ITC launched Vivel Ayurveda Essence in Kerala.
  • ITC Infotech partnered with Asigra.

2016

  • ITC and Starwood renewed partnership for three hotels.
  • ITC launched Sunbean Gourmet Coffee brand.
  • ITC partnered with NHAI for green highways in Andhra Pradesh.
  • ITC received National PRSI Awards.
  • ITC Grand Bharat ranked #1 resort in Asia.

2017

  • ITC launched Farmland brand for fresh fruits and vegetables.
  • ITC supported Swachh Bharat initiatives.

2018

  • Aashirvaad atta became Rs 4,000-crore brand with 28% branded market share.
  • ITC launched Aashirvaad Svasti liquid milk brand.
  • ITC agri-biotech arm signed pact with UK's James Hutton.

2019

  • ITC earned highest global recognition for Water Stewardship.
  • ITC Savlon Swasth India launched 'Swachhata Ka Gullak'.
  • ITC launched Multi-Layer Plastic Collection Programme in Pune.

2020

  • ITC agreed to acquire 100% of Sunrise Foods Private Limited.
  • ITC set up Rs 150 crore COVID Contingency Fund.

2021

  • ITC collaborated with Invest India for single-use plastic substitution and waste segregation ideas.
  • ITC commissioned first offsite solar plant in Tamil Nadu.
  • ITC Master Chef partnered with Havmor for 100 mobile carts in Delhi NCR.
  • ITC received 6th ICSI CSR Excellence Award.
  • ITC committed to AWS Water Stewardship Certification for high water-stress facilities by 2035.

2022

  • ITC executed watershed projects covering 13 lakh acres in 40 districts.
  • ITC collaborated with IIT Delhi on crop residue management.
  • ITC food factory received AWS Platinum certification.
  • ITC set up 12 cloud kitchens and 48 brand outlets.
  • ITC managed over 54,000 tonnes of plastic waste.

2023

  • ITC launched Aashirvaad Svasti Daily milk.
  • ITC launched Sunfeast Farmlite Super Millets Cookie.
  • ITC B Natural refreshed fruit beverages.
  • ITC Vivel launched VedVidya with Sharmila Tagore digital avatar.

2024

  • ITC Mangaldeep launched 'Dil se Karo Baat, Bhagwan Ke Saath' campaign.
  • ITC launched Ratnadipa hotel in Colombo.
  • ITC Bingo! launched 3 Korean flavour variants with new brand song.
  • ITC attained two more Platinum Level AWS Certifications and entered CDP Water 'A' list.

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