The tobacco companies is a major contributor to the Indian economy. It provides employment to millions of people and generates billions of dollars in revenue. However, the tobacco industry is also a major health hazard. Tobacco use is the leading cause of preventable death in India.
The Indian government has taken some steps to reduce tobacco consumption. In 2003, it banned the sale of tobacco products to minors. In 2017, it increased taxes on tobacco products. However, more needs to be done to reduce tobacco consumption in India.
Here are the top 5 valuable tobacco companies in India.
- ITC Limited
- Godfrey Phillips India Ltd
- VST Industries Ltd
- Golden Tobacco Ltd
- Hind Tobacco
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1. ITC Limited
ITC Limited, formerly known as the Indian Tobacco Company, is one of the leading players in the Indian tobacco industry. It is a diversified conglomerate with interests in various sectors, including cigarettes, FMCG (fast-moving consumer goods), hotels, paperboards, and packaging.
ITC is known for its popular cigarette brands such as Gold Flake, Navy Cut, Classic, and Bristol.
2. Godfrey Phillips India Ltd
Godfrey Phillips India is another major player in the Indian tobacco market. It is known for manufacturing and marketing a wide range of tobacco products, including cigarettes and tobacco-related accessories.
The company has a strong presence in the premium and mid-priced cigarette segments.
3. VST Industries Ltd
VST Industries is a leading Indian tobacco company primarily engaged in the manufacture and sale of cigarettes. It is known for its flagship brand “Charminar,” which has a significant market share in certain regions of India.
4. Golden Tobacco Ltd
Golden Tobacco is a well-established tobacco company in India, engaged in the production and sale of various tobacco products, including cigarettes and bidis (traditional Indian hand-rolled cigarettes).
5. Hind Tobacco
Hind Tobacco is the largest tobacco company in India, with a market share of over 20%. It is a subsidiary of the British American Tobacco Group (BAT). BAT’s flagship cigarette brand in India is Gold Flake.
Other tobacco companies in India are
- Kothari Products Limited
- NTC Industries Limited
- GTC Industries Limited
- NTC Tobacco Company
- J.K. Tobacco