 Gross Sales
ITC ranked fourth in terms of Gross Sales in the
Indian private sector in 2003-04. Net Sales have grown at an impressive 14.1% CAGR over
the last 5 years.
Total sum of taxes paid
ITC’s contribution to the exchequer is significant in terms of
payment of excise duties, luxury taxes, income tax and other rates and taxes. The share of
ITC’s contribution to the exchequer constitutes nearly 80% of its Value Added. ITC is
among the top three companies in the private sector in India in terms of its contribution
to the exchequer. The Company also accounts for more than 5% of the total excise
collection of the Government of India
Total Payroll and Benefits
 People are ITC’s unique source
of competitive advantage. ITC’s HR strategies and policies are anchored in the belief
that the quality and preparedness of its people, in terms of reaching out to existing and
evolving market needs, is a consistently decisive differentiator. ITC’s Human
Resource strategies and policies seek to build sustained market leadership and
organisational vitality for continuous regeneration and renewal. The Company thereby
creates enduring value for all shareholders. ITC believes that executive remuneration is
an important instrument in attracting and retaining talent. Therefore remuneration and
rewards are key components of the performance management system. The Company recognises
that growth in value addition at a rate faster than competition can serve as a key
retention strategy, while honing human capabilities to cope with future market challenges.
 The Company administers various Funds in respect of
Employees’ Retirement Benefit Schemes through duly constituted and approved
independent trusts. However Provident Fund and Family Pension contributions in respect of
Unionised Staff are deposited with the Government as required by law.
*Total Payroll &
Benefits include the remuneration paid on account of salaries, wages and bonus for all
employees, contribution to statutory and pension funds, workmen and staff welfare expenses
and reimbursement of contractual remuneration. |
