IFB Industries Limited originally known as Indian Fine Blanks Limited started its operations in India in 1974 in collaboration with Heinrich Schmid AG of Switzerland. It is engaged in the business of manufacturing diverse parts and accessories for motor vehicles etc. and home appliances products.
Home Appliances Division (82% of revenue) - covers domestic appliance and industrial application categories including washing machines, domestic and industrial dishwashers, etc. In FY23, company launched washer dryers, 9kg & 10kg machines.
Engineering Division (17% revenue contribution) includes a product range of fine-blanked components, tools, and related machine tools like straighteners, strip loaders, etc. It mainly caters to the automobile sector (2 wheelers, 4-wheelers, and commercial vehicles).
Modular Kitchen: The company is at a nascent stage in this segment with three stores in Goa, three stores in Bangalore, and one store in Kolkata. The company has launched another store in Mumbai in FY23.
It has 5 manufacturing locations.
The company started its Refrigerator Plant in Pune, Ranjangaon (Phase llll). ln the First phase,
the plant will manufacture a range of Direct Cool and Frost Free refrigerators with capacities ranging from I93 to 506 litres. The commercial production has started in FY24
In FY23, company transformed 90 stores to a new design format. In FY24, company targeted to convert 200-250 more stores to the new design.
The company is developing a new range of washers with features such as 'Steam enabled' functionality and lnverter motor technology/WiFi connectivity. These products are planned for a phased roll-out in FY24. Additionally, it is also working on incorporating loT (lnternet of Things) and Al capabilities, with roll-outs expected in FY24.
In Fy24, company planned to launch Advanced Cooking Oven devices and new capacity variants of ovens.
The company has planned new product launches in Cooker Hood and Built ln Hob segment in FY24.
The company will launch X2 series in dishwashers with higher capacity load in FY24.
Home Appliances Division (82% of revenue) - covers domestic appliance and industrial application categories including washing machines, domestic and industrial dishwashers, etc. In FY23, company launched washer dryers, 9kg & 10kg machines.
Engineering Division (17% revenue contribution) includes a product range of fine-blanked components, tools, and related machine tools like straighteners, strip loaders, etc. It mainly caters to the automobile sector (2 wheelers, 4-wheelers, and commercial vehicles).
Modular Kitchen: The company is at a nascent stage in this segment with three stores in Goa, three stores in Bangalore, and one store in Kolkata. The company has launched another store in Mumbai in FY23.
It has 5 manufacturing locations.
The company started its Refrigerator Plant in Pune, Ranjangaon (Phase llll). ln the First phase,
the plant will manufacture a range of Direct Cool and Frost Free refrigerators with capacities ranging from I93 to 506 litres. The commercial production has started in FY24
In FY23, company transformed 90 stores to a new design format. In FY24, company targeted to convert 200-250 more stores to the new design.
The company is developing a new range of washers with features such as 'Steam enabled' functionality and lnverter motor technology/WiFi connectivity. These products are planned for a phased roll-out in FY24. Additionally, it is also working on incorporating loT (lnternet of Things) and Al capabilities, with roll-outs expected in FY24.
In Fy24, company planned to launch Advanced Cooking Oven devices and new capacity variants of ovens.
The company has planned new product launches in Cooker Hood and Built ln Hob segment in FY24.
The company will launch X2 series in dishwashers with higher capacity load in FY24.
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For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.