Sustainability Report 2011
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Board of Directors Corporate Management Committee
Board of Directors Chairman Non-Executive Directors Yogesh Chander Deveshwar Anil Baijal Hugo Geoffrey Powell Shilabhadra Banerjee Pillappakkam Bahukutumbi Ramanujam Executive Directors Angara Venkata Girija Kumar Anthony Ruys Serajul Haq Khan Basudeb Sen Anup Singh Sunil Behari Mathur Balakrishnan Vijayaraghavan Krishnamoorthy Vaidyanath Dinesh Kumar Mehrotra Kurush Noshir Grant Board Committees Audit Committee Compensation Committee Nominations Committee S B Mathur Chairman S H Khan Chairman Y C Deveshwar Chairman A Baijal Member A Baijal Member A Baijal Member A V Girija Kumar Member S B Mathur Member S Banerjee Member P B Ramanujam Member H G Powell Member A V Girija Kumar Member B Vijayaraghavan Member B Sen Member S H Khan Member K Vaidyanath Invitee S B Mathur Member (Director responsible for D K Mehrotra Member the Finance Function) P B Ramanujam Member S Basu Invitee (Head of Internal Audit) Representative of the Invitee Investor Services Committee Sustainability Committee Statutory Auditors A V Girija Kumar Chairman Y C Deveshwar Chairman B B Chatterjee Secretary P B Ramanujam Member S Banerjee Member B Sen Member H G Powell Member K Vaidyanath Member A Ruys Member B Vijayaraghavan Member B Sen Member B B Chatterjee Secretary B Vijayaraghavan Member B B Chatterjee Secretary Corporate Management Executive Vice President & Company Secretary Biswa Behari Chatterjee Committee General Counsel Directors Kannadiputhur Sundararaman Suresh Y C Deveshwar Chairman Investor Service Centre A Singh Member 37 Jawaharlal Nehru Road, Kolkata -
Report and Accounts 2017
REPORT AND ACCOUNTS 2017 CONTENTS ITC: Growing Contribution Across Agriculture, Manufacturing and Services Board of Directors and Committees 01 Report on Corporate Governance 12 Shareholder Information 28 Report of the Board of Directors & Management Discussion and Analysis 40 Certificate of Compliance from Auditors with respect to Corporate Governance 122 CEO and CFO Compliance Certificate 123 Standalone Financial Statements Balance Sheet 124 Statement of Profit and Loss 125 Statement of changes in equity 126 Cash Flow Statement 128 Notes to the Financial Statements 130 Auditor’s Report 195 Guide to Subsidiaries, Joint Ventures & Associates 201 Salient Features of the Financial Statements of Subsidiaries, Joint Ventures & Associates (AOC -1) 204 Consolidated Financial Statements 209 Ten Years at a Glance 296 Financial Highlights Business Responsibility Report I-XVI Business Update : lTC lnfotech Creating Enduring Institutions Awards & Accolades ITC: Growing Contribution Across Agriculture, Manufacturing and Services ITC’s journey to create an exemplary Indian enterprise is inspired by its abiding vision to serve larger national priorities. A journey that has transformed ITC into a multi-business and multi-dimensional corporation, making it one of India’s most admired and valuable companies. ITC Limited REPORT AND ACCOUNTS 2017 ITC’s diversified portfolio of businesses, spanning FMCG, Paperboards & Packaging, Agri Business, Hotels and Information Technology, enables it to have a significant presence across all the 3 sectors of the Indian economy, namely, agriculture, manufacturing and services, providing the Company with the unique opportunity to contribute meaningfully to the growth and development of the country. ITC’s commitment to “Put India with farmers across the country In the Services sector, ITC First” is manifest in many ways — to enhance productivity, provide Hotels is the greenest luxury in its strategy to create multiple critical market linkages and hotel chain in the world. -
Reduction of Absenteeism Level in Hospitality Industry
Reduction of Absenteeism Level in Hospitality Industry BY ZOYA NASEEM REG.NO: 3511110954 SUPERVISED BY Mr. R.SHIVA KUMAR PROJECT GUIDE PROF. SUNDARARAJAN DATE: 4TH MARCH – 30TH APRIL 2013 1 PREFACE The purpose of this report is to explain what I learned during my summer project in the WOW express department at Sheraton Park hotel & towers, Chennai. This report is also the requirement for the partial fulfillment of the summer project at the conclusion of the 2nd year Masters in Business Administration course. The report focuses on the assignments handled, working environment, success and short comings I had encountered during my summer project at Sheraton park hotels & towers, Chennai. The summer project report contains my Individual observation during the stipulated period granted by the company and it would be imperative that recommendations and suggestions be given, to better my observation skills and knowledge about the company. I firmly believe that this stint at Sheraton park hotels & towers has helped me hone my management skills and also acquire adequate technical skills required for better understanding of the technical subjects I have chosen in my final year Post graduation. 2 ACKNOWLEDGEMENTS This summer project stint at the hotel has been a great learning experience for me personally, especially to be associated with a hotel like Sheraton park hotels & towers, which is one of the successful brands of Starwood hotels groups. I would like to extend my sincere gratitude to Mr. Shiva Kumar – Manager, Learning Services & WOW express and his team for giving me the opportunity to complete my summer project at Sheraton park hotels and towers. -
ITC Sustainability Report 2018
ENTERPRISE OF TOMORROW SUSTAINABILITY REPORT 2018 ITC LIMITED ENTERPRISES OF TOMORROW CAN BRING IN TRANSFORMATIONAL CHANGE BY MAKING SOCIETAL VALUE CREATION A CONSCIOUS STRATEGIC DECISION”. CONTENTS C H A I R M A N ’ S E C O N O M I C 01 S TA T E M E N T 69 P E R F O R M A N C E O R G A N I S A T I O N A L E N V I R O N M E N TA L 07 P R O F I L E 85 P E R F O R M A N C E 23 Sustainable Supply Chain 29 Honours, Awards & Certications S TA K E H O L D E R 35 E N G A G E M E N T R E P O R T P R O F I L E , 57 S C O P E A N D B O U N D A R Y 89 Management Approach 91 Energy & Climate Change C O R P O R A T E 107 Air Emissions 61 G O V E R N A N C E 111 Water Management 125 Waste Management 137 Raw Materials 142 Biodiversity ITC Limited | Sustainability Report 17-18 E N T E R P R I S E O F T O M O R R O W P E O P L E & S A F E T Y P R O D U C T 145 P E R F O R M A N C E 195 R E S P O N S I B I L I T Y 147 Labour Practices and Decent Work & Human Rights 153 Occupational Health & Safety 211 A N N E X U R E S S O C I A L 211 GRI Standards Indicators Index 161 P E R F O R M A N C E 221 GRI G4 Food Processing Sector Supplement (FPSS) 163 ITC Mission Sunehra Kal for 223 Alignment to Business Sustainable & Inclusive Growth Responsibility Report Principles 224 ITC's Vision, Mission, Core Values and Policies & Guidelines 225 Quantication Methodologies 226 Memberships and Aliations 228 Independent Assurance Statement C H A I R M A N ’ S 01 S TA T E M E N T It is a matter of great satisfaction that ITC is presenting the 15th edition of its Sustainability Report this year. -
A Case Study on 'Id Fresh Food'
IRA-International Journal of Management & Social Sciences ISSN 2455-2267; Vol.14, Issue 02 (February, 2019) Pg. no. 20-39. Institute of Research Advances http://research-advances.org/index.php/RAJMSS Gearing Up For Growth & Sustainability: A Case Study on ‘iD Fresh Food’ Dr. Shampa Nandi Associate Professor, International School of Management Excellence (ISME), Bangalore, India. Type of Work: Peer Reviewed Case Study. DOI: http://dx.doi.org/10.21013/jmss.v14.n2.p1 How to cite this paper: Nandi, S. (2019). Gearing Up For Growth & Sustainability: A Case Study on ‘iD Fresh Food’. IRA- International Journal of Management & Social Sciences (ISSN 2455-2267), 14(2), 20-39. doi:http://dx.doi.org/10.21013/jmss.v14.n2.p1 © Institute of Research Advances. This work is licensed under a Creative Commons Attribution-Non Commercial 4.0 International License subject to a proper citation to the publication source of the work. Disclaimer: The scholarly papers as reviewed and published by the Institute of Research Advances (IRA) are the views and opinions of their respective authors and are not the views or opinions of the IRA. The IRA disclaims of any harm or loss caused due to the published content to any party. Institute of Research Advances is an institutional publisher member of Publishers International Linking Association Inc. (PILA-CrossRef), USA. The institute is an institutional signatory to the Budapest Open Access Initiative, Hungary advocating the open access of scientific and scholarly knowledge. The Institute is a registered content provider under Open Access Initiative Protocol for Metadata Harvesting (OAI-PMH). The journal is indexed & included in WorldCat Discovery Service (USA), CrossRef Metadata Search (USA), WorldCat (USA), OCLC (USA), Open J-Gate (India), EZB (Germany) Scilit (Switzerland), Airiti (China), Bielefeld Academic Search Engine (BASE) of Bielefeld University, Germany, PKP Index of Simon Fraser University, Canada. -
ITC Limited: the Strategic Transformation
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$ 8.31 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. Supported by the bedrock of solid financial performance, the company crafted innovative business models that generated sustainable livelihood opportunities and simultaneously helped to renew ecological resources. To foster sustainable and inclusive growth, ITC has spearheaded an Integrated Rural Development Program with four distinct objectives: (i) the dissemination of information and knowledge (ii) access to quality inputs and markets (iii) generating supplementary incomes, and (iv) the augmentation of natural resources This intervention has enabled a comprehensive development of the rural ecosystem, empowered farmers and raised rural incomes. To address the challenges of environmental degradation, ITC constantly strives to minimize its environmental impact – from leading-edge manufacturing processes in its factories to building the largest, greenest hotels in India, and making it a priority to clean up the eco-footprint of all aspects of its operations as far as possible as well as expanding its renewable energy portfolio. -
Media Statement
ITC Limited Registered Office Virginia House 37 J. L. Nehru Road, Kolkata 700 071 India Telephone : 91 33 2288 9371, 2288 9900 Fax : 91 33 2288 0655 MEDIA STATEMENT May 17, 2013 Financial Results for the Year ended 31st March, 2013 Post-tax Profits up 20.4% Highlights • Net Turnover +19.4% Pre-tax Profits +20.1% Post-tax Profits +20.4% • Q4 Pre-tax profit of Rs. 2729 crores and Post-tax profit of Rs. 1928 crores represent a growth of 20.3% and 19.4% respectively. • Board recommends Dividend of Rs. 5.25 per share for 2012-13 (previous year Dividend Rs. 4.50 per share). Non-cigarette FMCG segment registers robust revenue growth of 26.4% and continues to demonstrate improving profitability. Non-cigarette FMCG segment records maiden profit during Q4 2012-13. ITC Grand Chola achieved the distinction of being the world's largest 'Leadership in Energy and Environmental Design' (LEED) Platinum rated hotel under the New Construction category and India's first 5 Star 'Green Rating for Integrated Habitat Assessment' (GRIHA) rated luxury hotel by the Ministry of New and Renewable Energy. • Hospitality industry continues to be impacted by the weak economic environment and significant additions to room inventory. Agri Business profits grow 13.7% driven by better realisations and higher volumes. • Paperboards, Paper & Packaging Segment Revenues up 9.1% aided by higher volumes and product mix enrichment. Profitability impacted by steep increase in wood, coal and chemical costs. • New state-of-the-art Paper Machine commissioned at Bhadrachalam in March 2013. 1 FMCG • HOTELS • PAPERBOARDS & PACKAGING • AGRI-BUSINESS • INFORMATION TECHNOLOGY Visit us at www.itcportal.com The Company posted another year of strong performance across all financial parameters, leveraging its corporate strategy of creating multiple drivers of growth. -
Annual Report Is Sent to Every Shareholder at On-Rpt.Aspx
REPORT AND ACCOUNTS 2016 Contents are hyper-linked to the relevant pages of the report CONTENTS Click on 'ITC Limited'on the Header/Footer of each page to return to Contents In Pursuit of the Make in India Vision Board of Directors and Committees 01 Report on Corporate Governance 12 Shareholder Information 26 Report of the Board of Directors & Management Discussion and Analysis 36 Certificate of Compliance from Auditors 114 CEO and CFO Compliance Certificate 115 Balance Sheet 116 Statement of Profit and Loss 117 Cash Flow Statement 118 Notes to the Financial Statements 120 Auditor’s Report 164 Guide to Subsidiaries, Joint Ventures & Associates 170 Salient Features of the Financial Statements of Subsidiaries, Joint Ventures & Associates (AOC -1) 173 Consolidated Financial Statements 177 Ten Years at a Glance 228 Financial Highlights Business Responsibility Report I-XVI Business Update : lTC lnfotech Creating Enduring Institutions Awards & Accolades In Pursuit of the Make in India Vision. For ITC, a credo of Country before Corporation. is driven by its inspiration to be an exemplary Indian enterprise serving larger national priorities. Spanning all the three sectors of the economy - agriculture, manufacturing and services - ITC’s businesses make a unique contribution to the economy. The Company’s relentless efforts to pursue extreme competitiveness, make societal value creation the core of its business strategy, invest in game-changing R&D and science-led innovation as well as state-of-the-art infrastructure will contribute to making the future even more sustainable and profitable. At ITC, the credo of Country before Corporation defines the Company’s nation-orientation, and its aspiration to contribute to a future of rapid progress and prosperity. -
Corporate Management Committee Board Committees Board of Directors
Board of Directors Chairman Non-Executive Directors Yogesh Chander Deveshwar Anil Baijal Hugo Geoffrey Powell Shilabhadra Banerjee Pillappakkam Bahukutumbi Ramanujam Executive Directors Angara Venkata Girija Kumar Anthony Ruys Serajul Haq Khan Basudeb Sen Nakul Anand Sunil Behari Mathur Krishnamoorthy Vaidyanath Pradeep Vasant Dhobale Dinesh Kumar Mehrotra Balakrishnan Vijayaraghavan Kurush Noshir Grant Board Committees Audit Committee Compensation Committee Nominations Committee S B Mathur Chairman S H Khan Chairman Y C Deveshwar Chairman A Baijal Member A Baijal Member A Baijal Member A V Girija Kumar Member S B Mathur Member S Banerjee Member P B Ramanujam Member H G Powell Member A V Girija Kumar Member K Vaidyanath Member B Sen Member S H Khan Member B Vijayaraghavan Member S B Mathur Member P V Dhobale Invitee D K Mehrotra Member R Tandon Invitee P B Ramanujam Member S Basu Invitee K Vaidyanath Member (Head of Internal Audit) Representative of the Invitee Statutory Auditors Investor Services Committee Sustainability Committee B B Chatterjee Secretary A V Girija Kumar Chairman Y C Deveshwar Chairman K N Grant Member S Banerjee Member P B Ramanujam Member H G Powell Member B Sen Member A Ruys Member B Vijayaraghavan Member B Sen Member B B Chatterjee Secretary B Vijayaraghavan Member B B Chatterjee Secretary Corporate Management Chief Financial Officer Rajiv Tandon Committee Executive Vice President & Company Secretary Executive Directors Biswa Behari Chatterjee Y C Deveshwar Chairman General Counsel N Anand Member Kannadiputhur Sundararaman -
Top 10 FMCG Companies
Top 10 FMCG Companies Companies FMCG sector is an ever growing sector and is currently in a boom phase. There are many jobs in FMCG sector at diiferent levels like sales, supply chain, manager, operations, purchasing, supervisor, administration, general S. NO. management, product development, HR, Finance and marketing. FMCG sector is famous for jobs that are not only well paying but also gives the best perks and bonuses. Freshers are looking for jobs in FMCGsector as these jobs will give them the best career in the industry. 1. Hindustan Unilever Ltd. 2. ITC (Indian Tobacco Company) 3. Nestlé India 4. GCMMF (AMUL) 5. Dabur India 6. Asian Paints (India) 7. Cadbury India 8 Britannia Industries Procter & Gamble Hygiene and 9. Health Care 10. Marico Industries Hindustan Unilever From Wikipedia, the free encyclopedia Jump to: navigation, search This article needs additional citations for verification. Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (September 2010) Hindustan Unilever Ltd Type Public company BSE: 500696 Fast Moving Consumer Goods Industry FMCG) Founded 1933 Headquarters Mumbai, India Harish Manwani (Chairman), Nitin Key people Paranjpe (CEO and Managing Director) Products Home & Personal Care, Food & Beverages 17,873.44 crore (US$3.97 billion) Revenue (2009-2010) [1] Net income 2,202.03 crore (US$488.85 million) Employees Over 65,000 direct & indirect employees Parent Unilever Plc (52%) W ebsite www.hul.co.in Hindustan Unilever Limited (HUL) (BSE: 500696) is India's largest fast moving consumer goods company. The Anglo-Dutch company Unilever owns a 52% majority stake. -
'Fun' Brands Like Bingo, Mint-O, Yippee, Candyman, Sunfeast
Chitranjan Dar Divisional Chief Executive. ITC Foods How has ITC Foods in a decade become a ? 3,000 crore unit and has created 'fun' brands like Bingo, Mint-O, Yippee, Candyman, Sunfeast.. Men's grooming Movement marketing Interview: Bernd Schmitt How is the men's kit evolving How brands like Hero, Tata Steel The experiential marketing a beyond the boring shaving and Mahindra are capitalising guru talks about Indian brush/cream and a razor on movement marketing brands'chances globally COVER STORY ITC FOODS A DECADE OF ITC Foods, since its inception 10 years ago, lias become a ^ 3,000 crvre unit. How it used its distribution strength and ideas from, Welcome Ghvup to overcome Hie numerous cJiaUenges By Dhaleta Surender Kumar & Neha Goel en years ago, when ITC forayed into in the food sector, even before the launch market in 2002, with wheat flour too isn't the foods business, for a company of Kitchens of India in 2001, with its sun a 'for the heck of it' product. Twell known for tobacco and hos flower oil Sundrop. The company sold the pitality, foods as a business proposition. brand and its distribution to ConAgra's Riding on distribution seemed an unnatural fit. While regulations subsidiary Agro Tech Foods in 1996. So re While a pillar of any business its product, certainly have put a tab on how one can tailing and marketing foods wasn't much ITC's strength was its distribution and pro promote tobacco products, today, ITC is of a challenge. The talent mostly was curement capability. -
ITC Ltd Buy | Rs
12 th Feb 2008 ITC Ltd Buy | Rs. 185 Going strong...and beyond cigarettes!!! Stock Data Company description ITC is the leading cigarette manufacturer and marketer in Market Cap 69606 Cr India with 74% value market share. ITC’s cigarette P/E 26 portfolio consists of strong brands such as Wills, Gold EPS 7 flake, India Kings& Scissors and two of BAT’s global brands Book Value 28 52 W High 227 Benson&Hedges and State Express 555. The company has 52 W Low 140 also diversified into multiple businesses like hotels, paperboards and specialty papers, agri business, packaged foods and confectionery, branded apparel, Share Price Movement 1 yr greeting cards and personal care products. ITC has channelised the huge cash flows generated from the 250 cigarette business into its other businesses and has 200 ramped up its e-choupal network to 6400+ kiosks and 21 150 choupal sagars, reaching out to over 3.5 mn farmers. 100 Key highlights • Improving cigarette sales growth 50 • Strong growth momentum in the FMCG sector 0 • Best long term large cap pick in the consumer sector • Expansion of hotel chain in the mid market segment Share Holding Pattern (%) • Good defensive stock in the current volatile market FIIs 13.96 Q3 Performance MFs/UTI 14.73 Insurance Cos 22.59 ITC recorded 11% yoy growth in revenues at Rs3458. The core Foreign Corp Bodies 32 cigarette segment recorded 7.6% yoy growth at Rs3530 crores Others 16.72 despite higher excise burden. The Government had increased excise duty by 6% in the current fiscal.