Indian home appliances company IFB’s founder and chairman Bijon Nag dies

Bijon Nag passed away on January 28. The Kolkata-based business man was the founder and chairman of homegrown company IFB.

By  Storyboard18| Feb 3, 2024 9:26 AM
The company shared that Nag was a “technocrat in the truest sense of the word, and for India, a visionary industrialist devoted to ‘Make in India’.” (Image source: Official website)

Bijon Bhushan Nag, who was the founder and chairman of IFB Industries and IFB Agro Industries died on January 28.

He was admitted to a Hospital in Singapore for treatment for the past few months. He was 82 years old.

The company shared that Nag was a “technocrat in the truest sense of the word, and for India, a visionary industrialist devoted to ‘Make in India’.”

From humble beginnings, Nag rose to build a business house that spans across home appliances, precision engineering, alcohol (distilleries and bottling plants) and seafood.

IFB Home Appliances is a division of IFB Industries. It has its manufacturing locations in Kolkata and Verna, Goa. The company has a chain of approximately 530 retail outlets called ‘IFB Point’.

First Published onFeb 3, 2024 9:26 AM

SPOTLIGHT

How it WorksMIB’s Ashwini Vaishnaw at Storyboard18 DNPA Conclave: Govt working for fair compensation for media houses

At the Storyboard18 DNPA Conclave 2025, Union Minister Ashwini Vaishnaw spotlighted the critical role of traditional media in an evolving digital landscape. He emphasized that such gatherings can aid the govt in formulating more effective policies for a balanced and sustainable media ecosystem.

Read More

IN PHOTOS: At Global Pioneers Summit, visionaries chart the future of business and creativity

From the chiefs of Nestle, Diageo, Colgate, PepsiCo, Zetwerk and CRED to AI visionaries, marketing mavens, top creators, ad legends and leading global agencies' CEOs, the brightest minds converged at the Storyboard18 Global Pioneers Summit for an action-packed day of meaningful dialogues on creativity, commerce and culture.