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’.
Read More: Gourav Rakshit steps down as chief operating officer from Viacom18