21 Directors elected by around 35,000 member cooperative societies of IFFCO
The 48th Annual General Body meeting of the Indian farmers fertiliser Cooperative Limited was organised in New Delhi. With delegates converging from across India the event was amongst one of the biggest congregation of co-operators in India. Besides the 48th AGM , the election for the 21 directors was also held after the meeting. The election which concluded peacefully was conducted democratically and with full transparency. These 21 directors voted for the position of Chairman and Vice Chairman of IFFCO & elected Mr. B.S Nakai as the Chairman and Mr. Dileep Sanghani as the Vice Chairman IFFCO.
About Mr. B.S Nakai
Mr. Balvinder Singh Nakai is an eminent farmer – co-operator who has been deeply involved in providing strength to Indian Cooperative Movement for the last three decades. He is currently the Chairman of Malwa Fruit and Vegetable Cooperative Marketing-cum-Procurement Society Limited. He has earlier served as Vice Chairman of IFFCO for two terms. Being a farmer himself, Mr. Nakai has been instrumental in formulating Farmers oriented policies of IFFCO.
IFFCO is one of the biggest cooperatives in the world with a turnover of INR 27852 Crore (in FY 2018-19). With five state of the art plants IFFCO produces MT of fertilisers. It produced 81.49 Lakh MT of fertilisers. It’s five state of the art fertiliser manufacturing plants in India and its inclusive business model, IFFCO reaches to over 5.5 crore farmers in India. IFFCO contributes to around 36% of Phosphatic and 21% of Nitrogenous fertilisers produced in India and was ranked first amongst the Top 300 Cooperatives in the world (by Turnover on GDP per capita basis) by the World Cooperative Monitor report. With presence in Senegal, Oman, Dubai and Jordan. IFFCO is today a global ‘Indian’ cooperative and is spreading the Nobel ideals of cooperation and inclusiveness all over the globe. Besides Fertilisers, IFFCO has diversified into sectors like General Insurance, Rural Mobile telephony, Oil and Gas and international trading amongst others.