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Page 1 of 21 ITC Limited : The Strategic Transformation A Case Study Sometimes, not taking a risk is the biggest risk - Padma Bhushan Yogesh C. Deveshwar 1. Background ITC Limited is adiversified Indian conglomerate headquartered in Kolkata that has a meaningful presence in all the three sectors of the national economy -agriculture, services and manufacturing. With significant interests in the Fast-Moving Consumer Goods (FMCG), Hotels, Paperboards & Packaging, Agri Business & Information Technology sectors, the company presently employs over 31,000 people across India. During FY 2016, ITC clocked annual revenues of US$ billion and enjoyed a market capitalization of US$45 billion. ITC is rooted in the philosophy of congruence of business and social purpose. The company is engaged in continuously refining business models that support competitiveness across the larger value chain. At the turn of the millennium, ITC redefined its corporate vision to put sustainability and inclusive growth at the top of its agenda.
Page 1 of 21 ITC Limited: The Strategic Transformation A Case Study “Sometimes, not taking a risk is the biggest risk” - Padma Bhushan Yogesh C. Deveshwar 1.
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