- Business
- IFB Industries Limited manufactures fine-blanked components, precision tools, and related machine tools including straighteners, decoilers, and strip loaders; produces motors for white goods and automotive applications; and markets a broad range of home appliances such as front- and top-loading washing machines, clothes dryers, air conditioners, microwave ovens, domestic and industrial dishwashers, modular kitchens, hobs, chimneys, built-in ovens, refrigerators, and industrial washing systems with dry cleaning and finishing equipment like ironers. The company operates primarily in the consumer durables and precision engineering sectors, serving automotive OEMs for motorcycles, cars, heavy vehicles, and electrical applications as well as household consumers across India through an extensive distribution network. Founded in 1974 and headquartered in Kolkata, West Bengal, India, with manufacturing facilities in Kolkata, Bangalore, Verna in Goa, and other locations, IFB Industries maintains engineering divisions focused on high-precision components and a dominant home appliances business accounting for approximately 80% of revenue. Recent developments include strong Q2 FY26 performance with 12% revenue growth to 1,370 crore rupees and 62% profit after tax increase to 51 crore rupees, driven by washing machines and air conditioners; expansion of Eco Inverter Motors (BLDC technology) across its top-load washing machines and air conditioners; approval in September 2025 for its wholly owned subsidiary Global Automotive and Appliances Pte. Ltd., Singapore, to establish a European facility enhancing engineering design and tooling capabilities; plans to triple industrial solutions business over three years via launderettes, commercial applications, exports, and government projects; and ambitions to secure 500 crore rupees in new engineering orders while pursuing acquisitions adding 700-800 crore rupees annually alongside stamping capacity expansion and a potential greenfield plant in Gujarat.