ITC is one of India's foremost private sector companies and a diversified conglomerate with businesses spanning Fast Moving Consumer Goods, Hotels, Paperboards and Packaging, Agri Business and Information Technology. The Company is acknowledged as one of India's most valuable business corporations with a market capitalisation of around US$ 50 billion and a gross sales value of nearly US$ 10.8 billion. ITC was ranked as India's most admired company, according to a survey conducted by Fortune India, in association with Hay Group.