ITC History, Businesses & Subsidiaries: 2026 Guide
Basic information about ITC Limited
| Detail | Information |
|---|---|
| Founded | 1910 |
| Headquarters | Kolkata, India |
| Chairman | Sanjiv Puri |
| Sector | Conglomerate |
| Key Segments | FMCG, Hotels, IT, Paperboards, Agri |
| Listed On | NSE, BSE |
ITC Limited is one of India’s largest diversified conglomerates, with a strong presence across FMCG, hospitality, agriculture, and technology.
A recap of ITC’s history
ITC started as a tobacco company during British rule and gradually transformed into a multi-business conglomerate.
Over the decades, ITC reduced its dependence on cigarettes and expanded into:
- FMCG products
- Hotels and hospitality
- IT services
- Paper and packaging
- Agribusiness
Today, ITC is known for its strong brand portfolio and sustainable business practices.
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A timeline of ITC history
| Year | Milestone |
|---|---|
| 1910 | Incorporated as Imperial Tobacco Company |
| 1970 | Renamed ITC Limited |
| 1975 | Entered hotel business |
| 2000s | Expanded into FMCG sector |
| 2010s | Growth in ITC Infotech and packaged foods |
| 2020s | Focus on sustainability and digital transformation |
ITC Limited’s subsidiaries
| Category | Key Subsidiaries |
|---|---|
| IT Services | ITC Infotech |
| Hotels | Fortune Park Hotels |
| International | Surya Nepal Pvt Ltd |
| Finance | Russell Credit Ltd |
| Agriculture | Technico Pty Ltd |
List of all ITC businesses
1. FMCG Products
ITC is a major player in India’s FMCG sector with brands like:
- Aashirvaad
- Sunfeast
- Bingo
- Yippee
- Classmate
This is one of ITC’s fastest-growing segments.
2. Agribusiness
ITC sources and exports agricultural products like:
- Wheat
- Rice
- Coffee
- Spices
It also supports farmers through digital initiatives like e-Choupal.
3. Hotels
ITC Hotels is a premium hospitality chain known for luxury and sustainability.
- ITC Hotels
- Welcomhotel
- Fortune Hotels
4. Paperboards and Packaging
ITC is a leader in:
- Paperboards
- Sustainable packaging
- Eco-friendly solutions
5. Packing
This segment supports FMCG and external clients with packaging solutions.
6. Information Technology
ITC operates in IT through:
- ITC Infotech
- Digital transformation services
- AI and cloud solutions
7. ITC Brand World Group Companies
These include brand-focused subsidiaries supporting FMCG growth and retail expansion.
8. Operational Joint Ventures
ITC has joint ventures in:
- Hotels
- Food processing
- International markets
ITC Limited’s subsidiaries: An overview
1. ITC Infotech
Provides IT services globally in digital transformation and consulting.
2. Srinivasa Resorts Limited
Operates in hospitality and hotel management.
3. Surya Nepal Private Limited
A major international subsidiary operating in Nepal.
4. Fortune Park Hotels Limited
Mid-range hotel chain under ITC.
5. Landbase India Limited
Focuses on property development and infrastructure.
6. Welcomhotels Lanka (Private) Limited, Sri Lanka
Handles ITC’s hospitality operations in Sri Lanka.
7. Russell Credit Limited
Handles financial investments and treasury operations.
8. Technico Pty Limited
An agribusiness company specializing in seed production and exports.
Conclusion
ITC’s journey from a tobacco company to a diversified conglomerate is a strong example of strategic transformation.
In 2026, ITC continues to grow across FMCG, IT, hospitality, and agribusiness, while focusing on sustainability and innovation.
For investors and market watchers, ITC remains one of India’s most stable and diversified companies.
FAQs
Q. What does ITC stand for?
Originally, it stood for Imperial Tobacco Company.
Q. Is ITC still a tobacco company?
Tobacco is still part of its business, but FMCG is now a major growth driver.
Q. Which is the biggest business segment of ITC?
Cigarettes generate high profits, but FMCG is the fastest-growing segment.
Q. Is ITC a good long-term company?
ITC is considered stable due to diversification and consistent performance.
Q. What are ITC’s main subsidiaries?
ITC Infotech, Fortune Park Hotels, Surya Nepal, and Technico Pty are key subsidiaries.
Disclaimer
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