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IFB Industries Ltd
NSE: IFBIND BSE: 505726
₹1284.50
(0.30%)
Sat, 27 Jun 2026, 06:34 am
Market Cap (in Cr)5226.72
PE Ratio36.25
Dividend0
Consumer Durables
Electronics/Appliances
24.5KCompany History
1974
- The Company was incorporated on 12th September in West Bengal.
- The Company's object is to manufacture fine blanking tools, press tools and fine blanked components.
- The Company was promoted by Bijon Nag.
- The Company entered into a technical-cum-financial collaboration agreement with Heinrich Schmid, Rapperswill Switzerland.
- 64,000 shares were allotted to promoters, directors etc.
- 28,000 shares were allotted to Heinrich Schmid, Switzerland and 25,300 shares to WBIDC.
1976
- 1,12,700 equity shares and 5,000 pref. shares were offered at par to the public.
1982
- 1,25,668 equity shares were issued at par.
1984
- 71,332 equity shares were issued at par to foreign collaborators.
- 3,03,000 equity shares were issued at par as rights to resident Indian shareholders.
- 500 equity shares were forfeited.
1985
- About 4.84 acres of land were taken on lease at Gangarampur in South Parganas District in West Bengal.
- A letter of intent was obtained to set up a cold rolling mill.
1986
- The Company proposed to modernise its existing plant.
1987
- The Company undertook to set up a second blanking unit at Bangalore.
- Forfeiture on 50 equity shares was annulled.
1988
- The Company set up a new division called `Project and Construction' division.
- The Company took on lease two tea estates in Dooars, West Bengal.
- The Company set up a joint venture company in India called RHW India Pvt. Ltd.
- The Company proposed to set up another joint venture in USA.
- The Company was one of the promoters of IFB Agro Industries Ltd., IFB Securities Ltd. and IFB Leasing and Finance Ltd.
- 7,30,000 rights equity shares were issued.
- 36,500 equity shares were issued to employees under Employees Stock Option Scheme.
1989
- The Company entered into a collaboration agreement with Bosch-Siemens Hausgerate GmbH.
- The Company proposed to acquire a new shed at Verna, Goa.
- RHW India Pvt. Ltd. became a subsidiary of the Company and its name was changed to RHW India Ltd.
- RHW India Ltd. entered into a joint venture agreement with Electrolux Autoliv AB.
- The Company set up a company called European Fine Blanking Ltd. in the UK.
- 11,22,375 - 12.5% secured fully convertible debentures were offered on rights basis.
- The Company privately placed non-convertible debentures of Rs.150 lakhs with financial institutions.
- The name of the company was changed from Indian Fine Blank to IFB Industries Ltd.
- 7,48,250 bonus equity shares were issued.
- 17,57,769 equity shares were allotted in conversion of 12.5% debentures.
1992
- 39,64,518 zero interest debentures were offered on rights basis.
- 1,98,226 zero interest debentures were issued to employees.
- 5,000 - 11% pref. shares were redeemed.
- 4,02,500 equity shares were allotted in conversion of remaining portion of Part-B of 12.5% debentures.
1993
- 22,02,510 bonus shares were issued.
- 41,40,918 shares were allotted in conversion of zero interest debentures.
- 18,96,000 equity shares were allotted to Foreign Industrial Investors.
- 64,000 equity shares were allotted to Jardine Fleming India Schemes Pvt. Ltd.
1996
- The balance Rs.25 of `B' portion of debenture was to be redeemed at par.
2000
- IFB launched its new fully automatic washing machine, Senator, in the Kerala market.
2002
- The Board of Directors approved the Scheme of reduction in the Share Capital of the Company.
- Special resolutions were passed by the members for rights issue, preferential issue, and capital reduction.
2008
- Mr. Bikranjit Nag was inducted into the Board and appointed as Joint Executive Chairman and Managing Director of the Company.
2009
- 68,00,000 equity shares of Rs 10/- were allotted to IFB Automotive Pvt. Ltd, a promoter group Company.
2012
- Preferential allotment of 50,00,000 equity shares was made.
2013
- Mr. Prabir Chatterjee, Chief Financial Officer, was inducted on the board of the Company as Additional Director.
2014
- Sudam Maitra was inducted as Additional Director and appointed as Deputy Managing Director of the Company.
2015
- Mass production of top loader washing machines started.
- IFB Industries started production from Goa factory.
2017
- IFB Industries entered into an agreement with IFB Automotive towards acquisition of Global Automotive & Appliances.
2022
- IFB Industries approved an investment of up to INR 97 crores in Equity issue of IFB Refrigeration Limited in one or more tranches.