IFB Home Appliances

IFB Appliances
Company typePublic
NSE: IFBIND
BSE: 505726
IndustryHome appliances
Founded1974 (1974)[1]
FounderBijon Nag[1]
Headquarters
Kolkata
,
India
Area served
Worldwide
ProductsWashing Machines, Refrigerators, Air Conditioners, Microwave Ovens, Hobs, Chimneys, Dishwashers, Clothes Dryers[2]
Websitewww.ifbappliances.com

IFB Home Appliances is an Indian home appliances company and a division of IFB Industries.[3] It has its manufacturing locations in Kolkata and Verna, Goa. The company has a chain of ~530 retail outlets called ‘IFB Point’.[4][5]

History

Originally IFB Industries was known as Indian Fine Blanks Ltd and started operations in India in 1974 in collaboration with Heinrich Schmid AG of Switzerland.[6] In 1989, it entered an agreement with Bosch-Siemens Hausgerate to produce fully-automatic washing machines and other domestic appliances.[7] The Home Appliances Division started in 1990-91.[8] The factory is based at Verna Industrial Estate, Verna, Goa, India and Visveswariah Industrial Estate, Bengaluru, India.[9]

Products

The company currently offers products for laundry, kitchen, living and industrial purposes along with additives and accessories.[3] It offers appliances such as washing machines, washer-dryers, laundry dryers, dishwashers, microwave ovens, air conditioners, Refrigerators , hobs, chimneys and other cooking appliances.[10]

References

  1. ^ a b Mukherjee, Writankar. "Home appliance maker IFB stands firm amid rush of foreign brands like LG, Samsung, Whirlpool". The Economic Times.
  2. ^ Law, Abhishek. "IFB Industries eyes increased localisation of high cost imports". The Hindu Business Line. Retrieved 12 November 2021.
  3. ^ a b "About Us". IFB Appliances. Retrieved 27 January 2017.
  4. ^ "IFB Industries Ltd. Company History". Business Standard India.
  5. ^ Com, Moneycontrol. "IFB Industries Share Price, IFB Industries Stock Price, IFB Industries LTD. Stock Price, Share Price, Live BSE/NSE, IFB Industries LTD. Bids Offers. Buy/Sell IFB Industries LTD. News & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes".
  6. ^ "IFB Industries Ltd". The Economic Times.
  7. ^ "IFB stops CBU imports, begins mass production". The Times of India. Retrieved 12 November 2021.
  8. ^ "IFB Industries starts production from Goa factory". Business Standard. Retrieved 26 November 2022.
  9. ^ http://www.cbecddm.gov.in/ddm/Publication/2006_07/Book%201/Bangalore-I.pdf
  10. ^ "IFB Industries Ltd" (PDF). NSE India. Retrieved 27 January 2017.


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