About IFB Industries Limited

IFB Industries Limited, incorporated in 1974 and headquartered in Kolkata, manufactures fine blanked and stamping components, cold rolled steel strips, motors, and a broad range of home appliances and commercial laundry systems across India and select export markets. The company operates 9 plants and 77 offices nationally, serving PAN-India markets and exporting to 10 countries; exports contributed 0.44% of standalone turnover in FY 2024–25. 

Products span washing machines (domestic and industrial), air conditioners, clothes dryers, microwave ovens, dishwashers, refrigerators, fine blanked and stamping components, and other auto parts for leading OEMs and Tier-1 suppliers, plus aftermarket distribution of transmission and drive parts . As at March 31, 2025, the company reports one wholly owned subsidiary, Global Automotive Appliances Pte. Ltd. (GAAL), a step-down subsidiary of Thai Automotive Appliances Ltd. (TAAL), and one associate, IFB Refrigeration Limited (IFBRL) with 41.40% shareholding. GAAL trades electronics parts and acts as SPV for TAAL, which focuses on fine and conventional blanking in Thailand; IFBRL achieved Rs 352.03 crore turnover in FY 2024–25 though remained loss-making at PBT level. 

Key milestones in FY 2024–25 include launch of an Advanced Electronics Division with a new Bengaluru plant for a strategic customer and strengthened localisation of electronic controllers in India .

IFB Industries Limited Business Segment

• Segment mix (turnover share): Home Appliance products 80.44%; Engineering products 16.89% (balance from other items) on a standalone basis in FY 2024–25.

• Engineering Division: Revenue Rs 835.15 crore (+7.1% YoY) with PBDIT margin at 15.9%; order bookings Rs 134 crore with 51% EV-neutral and EV-positive mix; added customers including OLA Electric, ABB, Modine Thermal Systems, and Jindal Defence Systems .

• Appliance Division: Revenue grew 16.52% with PBDIT margins up 23.19% YoY; portfolio includes domestic/industrial washers, dryers, ACs, dishwashers, microwaves, refrigerators, modular kitchens, hobs, chimneys, and service products .

Domestic vs. international (standalone, FY 2024–25)

• India —99.6%

• International — 0.4%
  

IFB Industries Limited Key Management

• Bikramjit Nag — Chairman .

• Amar Singh Negi — Executive Director and Service Business Head, HAD .

• P. H. Narayanan — Managing Director, Engineering Division .

• Soumitra Goswami — Chief Financial Officer .

• Ritesh Agarwal — Company Secretary .

Latest Updates on IFB Industries Limited

• Launched Advanced Electronics Division; dedicated Bengaluru plant under execution for a strategic customer to tap electronics manufacturing shift to India .

• Evaluated 49 M&A proposals; three active; one stamping acquisition (~Rs 300 crore turnover) fell through due to counterparty conditions .

• Engineering Division targeted >20% revenue growth for FY 2025–26; planning brownfield capacity additions in fine blanking and stamping, evaluating a greenfield stamping project in North India and in-house chain manufacturing .

• Appliance Division engaged Alvarez & Marsal for a cost reduction programme targeting savings >Rs 200 crore over 18 months; intensified localisation of electronic controllers .

Under PLI for white goods, AC unit obtained Rs 9 crore incentive (Rs 6 crore recognised in FY 2024–25); continuing MSIPS incentives for the Goa washer plant (cumulative Rs 23.33 crore).