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Hint
The company went public 26 years after it’s incorporation and has been listed since the 90s. It has 7 brands under it primarily operating in consumer products.
Their products include something you consume daily and a product that also is closely related to Italy.
One of their brand is getting popular in tier 1 cities now but they were the pioneers in taking it in tier 2 and rural areas. Their first factory was in a city that has a monopoly in tapioca production.
In 2000s they acquired a company whose name has a popular saree from south.
Promoters hold 73% of this company and FIIs hold 3%.
The company you are referring to is likely the Indian multinational conglomerate, ITC Limited.
ITC went public 26 years after its incorporation in 1910, which would place the IPO around the mid-1930s. It has been listed on the stock exchange since the 1990s.
ITC operates in various consumer product segments and has 7 different brands under its umbrella. One of the products consumed daily could be their range of food and beverage products like Aashirvaad Atta or Sunfeast biscuits. The product closely related to Italy could be their range of Fiama Di Wills personal care products.
One of their brands that is gaining popularity in tier 1 cities now but initially targeted tier 2 and rural areas could be their lifestyle retailing brand “Wills Lifestyle.”
In the 2000s, ITC acquired the popular South Indian name “Mangalagiri” from Standard Industries, which is known for its traditional Mangalagiri sarees.
