Strategic Moves Ahead: ITC Evaluates Business Directions

ITC Chairman Sanjiv Puri emphasized that the company will assess strategic options for sectors like ITC Infotech based on multiple factors. Without immediate demerger plans, Puri highlighted ITC's successful capital-efficient business models, supported by strong governance and strategic synergies across various verticals.

ITC Ltd is poised to explore strategic avenues for its diverse business verticals, including ITC Infotech, as stated by Chairman Sanjiv Puri during a recent address. Puri assured stakeholders that decisions would be meticulously evaluated without definitive plans for a split similar to their hotels division.

Addressing inquiries at the AGM about potentially listing ITC Infotech separately, Puri explained that ITC weighs business strategy, competitive positioning, and business maturity against the merits of its existing structure. 'Our strategic goals align with ITC's organizational framework, and any demerger takes substantial evaluation,' he remarked, likening the process to the demerger of ITC Hotels.

Puri highlighted the effective synergies leveraged across ITC's diverse sectors, evidenced by the cost-effective launch of the company's food tech venture. He cited analyses affirming the company's capital-efficient model, underscoring ITC's strength in managing diversity through robust governance and collaborative leadership.

(With inputs from agencies.)