The society was honored when it's Founder President, Dr. V. G. Jhingran, Former Director (1966-1979), Central Inland Fisheries Research Institute, Barrackpore was awarded the prestigious Padma Sri in 1977 by the Government of India, besides, Rafi Ahmed Kidwai Memorial Award for the biennium 1972-73, S. L. Hora medal in 1978 and the Chandra Kala Hora Memorial Award for the period 1975-1980. Dr. Jhingran represented the country in several international forums and acted as FAO Consultant on Aquaculture in Sri Lanka, World Bank Consultant in Aquaculture II for Agricultural Research in Indonesia, Adviser for Aquaculture Development for the Government of Guyana, Asian Development Bank Consultant in Laos and UNDP/FAO Chief Technical Advisor for Africa.

He breathed his last at Dehradun on 15^th January, 1991. From the modest beginning the Society has grown to a size of having 442 Life Members, 43 Annual Members, 17 Institutional Members and 68 Fellows today. The Society regularly brings out a journal, 'Journal of the Inland Fisheries Society of India' publishing original research work and invited review articles related to all aspects of inland fish and fisheries. The Journal has a wide circulation of about 500 copies in India and abroad. The Society also publishes monographs and books on specialized subjects on inland fisheries for dissemination of fisheries science in the country and abroad. The Society also offers opportunities for infusing new interest in fisheries by organizing scientific meetings, symposia, seminars, workshops and lectures besides offering fellowships 'Fellow of the Inland Fisheries Society of India' (FIFSI) to eminent workers in recognition of their significant contribution for development of fisheries in the country.

The Registered office of the Society is located at Central Inland Fisheries Research Institute Barrackpore and the Director of the Institute is the defacto President of the Society.