The last company on the list is a company based in Kolkata, West Bengal, India. This company is ITC Limited which was founded in 1910. Some names were used before ITC Limited, including Tobacco Company of India Limited and India Tobacco Company Limited.
ITC Limited is a multinational company that initially focused on tobacco products such as cigarettes and beedi (small Indian cigarettes wrapped in tendu leaves). Some of the company’s well-known cigarette brands are Navy Cut Wills, Gold Flake Kings, 555, and Indian Kings. Afterward, the company ventured into other sectors such as hotels, stationery, and food.
In 2017, it is estimated that the global cigarette market controlled by ITC Limited is at 1%. Meanwhile, the company itself managed to sell 81% of its tobacco products in Asia in 2018.
Just like Gudang Garam Tbk. ITC Limited is also at 1% in the global market. While in Asia, 81% of tobacco processed products have been sold by the company in 2018.
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