A Mega-Thread on a 111-year-old conglomerate and one the most debated stocks of the Indian stock markets #ITC (Earlier known as Imperial Tobacco of India) @ITCCorpCom
(Would appreciate a retweet as it helps educate more investors and inspires us to work harder on such threads.)
1) ITC first set foot in 1910 at Calcutta based on agricultural products and services.
2) A year later in 1911, it began sourcing leaf tobacco from South Indian Farmers to mass-produce consumer cigarettes, a landscape it would dominate for over a century!
3) In 1911, They set up a stall at the Delhi Darbar to promote Scissors, one of ITC's initial cigarette brands.
The constant need for promotions ultimately led to the relocation of the company from Calcutta to Delhi.
4) The first step of ITC’s Indianization was initiated in 1954 with 6% Indian shareholding. It steadily rose to 40% by 1971!
5) ITC was the first Indian company to prioritize consumer research, laying the ground for its legendary R&D center that is now half a century old.
6) It is rebranded today as ITC Life Sciences and Technology Centre and continues to play a pivotal role in developing its diverse product range across varied sectors.