Report on industrial visit

Visited professor

Visited students

Submitted by Vakeel Sharma

Campus

Spread across approximately 37 acres in the eastern part of Bangalore, the campus is a visual delight, because of its vivid and vast expanse. ITC InfoTech campus is surrounded by incessant greenery and single storied structures, with simple architecture. The interiors have been aesthetically designed to create office spaces that are a blend of both modern and traditional styles. In fact, The New York Times was so impressed by the campus that it ran a story on it in August, 2005. ITC InfoTech also has a development centre in the heart of Kolkata.
Virtual tour of the campus: Please explore the campus through a virtual tour in this section.

One of the 8 Indian Companies to feature in Forbes A-list for 2004

 One of Indias most valuable and admired companies Featuring 400 of the Worlds best big companies with M-cap. > USD 5 bin. & are rated as the most attractive companies for investors
Only Indian FMCG Company to feature in Forbes 2000 List A comprehensive ranking of worlds biggest companies measured by a composite of sales, profits, assets & market value One of the foremost in the private sector in terms of : Sustained value creation (BT-Stern Stewart survey)

Operating profits Cash Profits

Ranks No. 4 among Indian listed Private Sector Companies by market . 1 in FMCG Sector Rated as one of Indias Most Respected Companies (IMRB-Business world Survey 2006)

ITC's Vision Sustain ITC's position as one of India's most valuable corporations through world class performance, creating growing value for the Indian economy and the Company's stakeholders. ITC's Mission To enhance the wealth generating capability of the enterprise in a globalizing environment, delivering superior and sustainable stakeholder value. ITC's Core Values ITC's Core Values are aimed at developing a customer-focused, high-performance organization which creates values for all its stakeholders.

MASTER STROKESOF ITC :

MASTER STROKESOF ITC Chairperson Y. C .Devashwar Directors - S .S .H Rehman, A Singh, K Vaidyanath, A Baikal, J P Daly, R K Kuala, S H Khan, S B Mathura, D K Mehrotra, H G Powell, P B Raman jam, B Sen., RS Tarneja, B Vijayaraghavan

PAST AND PRESENT :

PAST AND PRESENT 24 Aug1910 ITC incorporated under the name of 'Imperial Tobacco Company of India Limited'. 1925 ITCs Packaging & Printing Business Division was set up as a strategic backward integration for ITCs Cigarettes business. 1974 The Company's ownership progressively Indianite, and the name of the Company was changed to ITC Limited (Indian tobacco company). 1975 The Co. launched its HOTEL BUSINESS which was named ITCWelcome group Hotel Chloe. 1979 ITC entered the Paperboards Business by promoting. Paperboards Limited, which today has become the market leader in India. 1985 Surya Nepal Pvt. Ltd.

Awards of ITC

ITC received the FICCI Outstanding Vision Corporate Triple Impact Award 2007 for invaluable contribution to the triple bottom line benchmarks of building economic, social and natural capital for the nation. Global Leadership Award conferred on Chairman Y C Deveshwar by the US India Business Council of the US Chamber of Commerce Sustainability Leadership Award 2007 conferred on Chairman Y C Deveshwar by the Sustainability Forum, Zurich and SAM/SPG at the International Sustainability Leadership Symposium Business Today Award for the Best Managed Company Retail and Consumer Products, has been conferred on ITC in recognition of its outstanding initiatives in the consumer products segment. Ryutaro Hashimoto Incentive Prize 2007 for Environment & Development from the Asia Pacific Forum

ITC Products

Corporate strategy
Sustain multiple drivers of growth, matching internal capabilities with emerging market opportunities

 Pursue World class competitiveness in all businesses and across the entire value chain Best-in-class in terms of: Internal Vitality Market Standing Profitability Strategy of Organization and Governance processes geared to manage multiple businesses Blend core competencies and leverage ITC umbrella strengths to create new avenues of grow

ITCs Cigarettes Business

Market leadership Powerful brands across segments Leadership in all segments - geographic & price Extensive FMCG distribution network

Direct servicing of 1,00,000 markets & 2 million retail outlets

World-class state-of-the-art technology and products Investment - Rs.10 billion in six years Exciting long term growth potential Cigarettes: Growth potential

Cigarettes account for less than 15% of tobacco consumed in India unlike world pattern of 85% due to prolonged punitive taxation Cigarettes (15% of tobacco consumption) contribute nearly 85% of Revenue to the Exchequer from tobacco sector Of the 58% of adult Indian males who consume tobacco, barely 15% can afford cigarettes Bari : Cigarettes ratio = 10 : 1 Annual per capita adult cigarette consumption in India is app. one tenth world average : 85 E. choupal industry trust strategic sourcing support to the Foods business (support creation of verticals Procurement: cost & quality optimization In wheat, soya, corn, potato etc.)

 cost-effective sourcing for exports/domestic external

itc match box

Current industry consumer spend estimated at Rs. 1250 crores p.a. for 24 billion match boxes Fragmented supply base arising from policy of reservation for small scale industry Mass market moving from 0.50 p price point to Re 1.00.

Conclusion
How to manage people, industries, How can be smart in work, smart in attitude, smart in organization Respect to others employees Work in origination, industries Quality of service, product Brand value, market strategy, future plan, and corporate strategy Innovative idea, knowledge, plan regarding customer, services, product