IFB Industries Limited has announced the appointment of Saurav Adhikari and Subir Chakraborty as Non-Executive Independent Directors (Additional Directors), effective January 24, 2026.
In addition, Ashok Bhandari has been appointed as a Non-Executive Non-Independent Director, effective January 30, 2026, while Sreedevi Pillai has been reappointed as an Independent Director, effective January 28, 2026.
Saurav Adhikari is the Founder and Senior Partner at Indus Tech Edge Fund and serves on multiple listed company boards. His previous roles include senior leadership positions at Unilever, PepsiCo, and Groupe SEB, where he was CEO of the India business. Between 2000 and 2019, he spent nearly two decades at HCL, holding positions such as Founding President of its startup enterprise networking firm, President of ITES North America, and President of Global Corporate Strategy. Adhikari is a global business leader with four decades of experience across technology, FMCG, and consumer durables.
Subir Chakraborty was last associated with Exide Industries Ltd., where he served as Managing Director and spent over ten years at the board level, including roles in subsidiaries in India and abroad. He is the immediate past President of the Bengal Chamber of Commerce & Industry and was a National Council Member of the Confederation of Indian Industry from 2022 to 2024. He also contributes to academia as a guest faculty at institutions including IIM Calcutta and serves as an Independent Director at Strides Pharma Science Ltd. With over four decades of experience in marketing, sales, projects, and general management.
Ashok Bhandari is a Chartered Accountant with expertise in fund management and financial strategy. His work spans negotiations with banks, government authorities, joint venture partners, and technology and equipment suppliers. He serves as a Board Member at multiple companies, including Rupa & Company Ltd., J. G. Chemicals Ltd., Skipper Ltd., Shree Capital Services Ltd., Shreecap Holdings Pvt. Ltd., Ragini Finance Pvt. Ltd., N.B.I. Industrial Finance Company Ltd., Digvijay Finlease Ltd., BDJ Oxides Pvt. Ltd., Maharashtra Seamless Ltd., and Vehere Technologies Pvt. Ltd., where he contributes to governance and financial oversight.
