Former Indian Amateur Boxing Federation Secretary General Brig. P K Muralidharan Raja was named the president of the Council.
Raja conceptualized the IBC with the promise of providing financial deals to the boxers wanting to take the plunge after exhausting their amateur options. Infinity Optimal Solutions (IOS) happens to be its first marketing arm.
It is IOS that helped Olympic bronze-medalist Vijender Singh to switch to the professional circuit by fetching him a deal with the UK-based Queensberry Promotions.
“It is a new beginning in Indian boxing. IBC will ensure that boxers can explore the professional option after getting done with their amateur career, ” Raja told reporters at the launch.