Segment Reporting in India got a new impetus when the Institute of Chartered Accountants of India published its Accounting Standard, AS 17, on Segment Reporting and made it effective on and from April 1, 2001.The standard has been made mandatory for the companies whose shares or debts are listed, or going to be listed, on any of the stock exchange which is recognised in India. Moreover, this standard is also very much essential for those companies which make an annual turnover of Rs. 500 millions or more. This paper deals with various dimensions of segment reporting. India is a fast growing economy. This growth of economy is very much dependent on diversified companies. Diversified companies give a distinctive sort of hitch for making investment decision. The diversified company’s performance can be evaluated from the performance of all numerous segments. The achievement of diversified company is dependent on accomplishment of its every segment. This is the particular reason why investors use segmental disclosures in company’s annual reports.

KEYWORDS: Segment Reporting, ITC, Segment Revenue, Segment Expense.