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Transforming The Food Economy
3-5 November, 2017 | Vigyan Bhawan, New Delhi, India

Speakers

Mr. B Sumant

Mr. B Sumant

Designation : President, FMCG Businesses

Company : ITC Limited

Headquarters : Kolkata, West Bengal, India

Speaking in :

Global Presence : Exporting agri based products and commodities, including coffee and shrimps to over 60 countries

India Presence :

ITC Foods (Does not include other ITC businesses):

  • 19 Vibrant Brands
  • 510 SKUs
  • 82 factories
100,000 markets

Company Profile :

  • ITC is one of India's leading private sector companies and a diversified conglomerate with a market capitalisation of over US$ 50 billion and a turnover of over US$ 8 billion. Its businesses span Consumer Goods, Hotels, Paperboards and Packaging, Agri Business and Information Technology. The Boston Consulting Group (BCG) has ranked ITC among the top 10 'sustainable value creators' among consumer goods companies globally. ITC has been ranked as India’s most admired company, according to a survey conducted by Fortune India, in association with Hay Group.
  • ITC is a vibrant engine of growth for the Indian economy, powered by its multiple business drivers. Apart from being the country's leading FMCG marketer, ITC is also the clear market leader in the Indian Paperboard and Packaging industry and a globally acknowledged pioneer in farmer empowerment through its wide-reaching Agri Business. ITC Hotels is one of the fastest growing hospitality chains in India, and a trailblazer in 'green hoteliering'. ITC’s wholly-owned subsidiary, ITC Infotech, is a specialised full services global player.
  • ITC is an acknowledged global exemplar in sustainability. It is the only enterprise in the world of comparable dimensions to be carbon-positive (12 years in a row), water-positive (15 consecutive years) and solid waste recycling positive (for the last 10 years). Over 48% of the total energy consumed in ITC is from renewable sources. ITC has pioneered the green building movement in India. All ITC's premium luxury hotels are LEED Platinum certified, making it the world's greenest luxury hotel chain. ITC has helped generate 6 million sustainable livelihoods, touching the lives of many living at the margins in rural India.
  • Over the last decade, ITC’s Consumer Goods Businesses, which includes a fast‐growing Branded Packaged Foods Business, have established a vibrant portfolio of world‐ class brands. In a short span of time, ITC’s Foods Businesses has grown to be the third largest in the country with a turnover of more than US$ 1 billion (Rs 8,000 crores). Its large portfolio of successful brands across several categories include Staples, Biscuits, Cookies & Cakes, Confectionery & Gums, Snacks, Noodles & Pasta, Juices, Dairy, Ready To Eat Meals, Chocolate, Coffee and Frozen Foods.
  • ITC’s world‐class Foods brands like Aashirvaad, Sunfeast, Dark Fantasy, YiPPee!, Bingo!, B Natural and ITC Masterchef, and others have gained remarkable market standing within a short span of time. Many of these brands are market leaders in their segments. ITC’s recent launches, Fabelle, a luxury range of chocolates, and Sunbean gourmet coffee, have also met with excellent response from discerning consumers. ITC is number 1 in the branded atta and cream biscuits segments, and the second largest player in instant noodles. ITC’s range of Foods brands is presented below.

Personal Profile :

  • B Sumant took over as President, FMCG Businesses - Cigarettes, Foods, Personal Care, Education & Stationery Products, Matches and Agarbattis on April 1, 2016. He also holds additional responsibility of Trade Marketing and Distribution as its Chief executive since October 2016. Sumant was the Divisional Chief Executive of the Tobacco Division before his elevation as President - FMCG Businesses.
  • An alumnus of NIT Durgapur, Sumant joined ITC in January 1986 and has handled a wide range of responsibilities across several businesses. He spent the first 19 years in Manufacturing operations of the Tobacco Division and has worked in four production units as well as at Head Office where he was General Manager, Operations.
  • In October 2004, he moved to the foods business and set up the Snack Food category under the brand name 'Bingo!'.
  • He led ITC Infotech India Limited, a wholly owned subsidiary of ITC, as its Managing Director from April 2009 to October 2014. He has also been on the Boards of ITC Infotech's wholly owned subsidiaries in the UK and the USA.
  • Sumant is a member of the CII National FMCG Committee. He is a member of CII Eastern Regional Council for 2016-17 and the Chairman of CII Eastern Region Agriculture & Food Processing Taskforce. He is also a Director on the Board of Tobacco Institute of India and Surya Nepal Pvt. Limited.

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