ITC was incorporated in 1910 as Imperial Tobacco Company of India and is headquartered in Kolkata. ITC has diversified into five key business segments: FMCG, hotels, paperboards & packaging, agriculture, and IT. ITC has many popular brands such as Classic cigarettes, Aashirvaad food products, Vivel personal care products, and Classmate stationery. The company uses bar coding and an automated IT system to efficiently manage its large and diverse product inventory across India. ITC takes costs advantages through economies of scale, strong brand marketing, and utilizing technology in its distribution network.