New Delhi: Diversified conglomerate ITC has extensively reset its strategy and will explore opportunities to craft disruptive business models to set up structural drivers helmed by digital and sustainability for its next horizon of growth and make the company future-ready, Chairman Sanjiv Puri said on Wednesday.
He said, he said while addressing shareholders at ITC's virtual annual general meeting, the ITC will review its organizational structure from time to time going ahead. He also said the company will take decisions on demerger or merger of different businesses on the basis of the macro context and the organisation’s strategy to create sustained shareholders value.
The company is pursuing an accelerated journey to build a dynamic "FutureTech' enterprise by investing in cutting-edge digital technologies to shape a new paradigm of competitiveness, create innovative business models and tap newer opportunities. As part of the next horizon vision, the company is "proactively exploring inorganic opportunities" even as it has shrunk "business segments that were incongruent to our growth aspirations, such as the Lifestyle Retailing Business" while the existing growth platforms comprising megabrands will be scaled up and fortified. Economy picking up momentum, industry needs to enhance its risk appetite
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