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

DigitalFrom Clutter to Clarity: How Video is transforming B2B storytelling

According to LinkedIn’s research with over 1,700 B2B tech buyers, video storytelling has emerged as the most trusted, engaging, and effective format for B2B marketers. But what’s driving this shift towards video in B2B? (Image Source: Unsplash)

Read More

Explained: Standing Committee’s draft report on India’s fight against Fake News

India’s parliamentary panel warns fake news threatens democracy, markets and media credibility, urging stronger regulation, fact-checking, AI oversight and global cooperation.