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ITC Electronics history
ITC Electronics company history timeline
In 1975, the Company launched its Hotels business with the acquisition of a hotel in Chennai which was rechristened ‘ITC-Welcomgroup Hotel Chola’ (now renamed My Fortune, Chennai). The objective of ITC’s entry into the hotels business was rooted in the concept of creating value for the nation.
In 1979, ITC entered the Paperboards business by promoting ITC Bhadrachalam Paperboards Limited.
In 1985, ITC set up Surya Tobacco Co. in Nepal as an Indo-Nepal and British joint venture.
In 1990, ITC acquired Tribeni Tissues Limited, a Specialty paper manufacturing company and a major supplier of tissue paper to the cigarette industry.
Also in 1990, leveraging its agri-sourcing competency, ITC set up the Agri Business Division for export of agri-commodities.
ITC also entered the Lifestyle Retailing business with the Wills Sport range of international quality relaxed wear for men and women in 2000.
ITC launched line of premium range of notebooks under brand Paperkraft in 2002.
In 2002, ITC’s philosophy of contributing to enhancing the competitiveness of the entire value chain found yet another expression in the Safety Matches initiative.
In 2008, ITC positioned the business as the Education and Stationery Products Business and launched India’s first environment friendly premium business paper under the ‘Paperkraft’ Brand. ‘Paperkraft’ offers a diverse portfolio in the premium executive stationery and office consumables segment.
In 2010, ITC launched Sunfeast Yippee! to enter the Indian instant noodles market.
In May 2013, the business expanded its product portfolio with the launch of Engage – one of India’s first range of ‘couple deodorants’
On February 17, 2015, the company received a deficiency letter from the New York Stock Exchange (NYSE). The reasons for deficiency included failure to file a quarterly report in a timely manner.
The new 150,000 square foot facility, which will be located at the Silver Hill Technology Park, is projected to open in mid-2020.
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