Stovekraft
| Type | Public |
|---|---|
| NSE: STOVEKRAFT BSE: 543260 | |
| Founded | 1999 |
| Founder | Rajendra Gandhi |
| Headquarters | , India |
Key people | Rajendra Gandhi (Chairman & MD) Neha Gandhi (Director)[1][2] |
| Products | Kitchen appliances, cookware |
| Revenue |  ₹1,607 crore (US$170 million) (FY 2026)[3] |
| Website | www |
Stovekraft is an Indian company that manufactures cooking appliances, cookware BLDC fans and grooming products.[4]
The company was founded in 1999 and is headquartered in Bangalore, Karnataka. Among its cooking appliances are mixer grinders, pressure cookers, cooktops, toasters, chimneys, air fryers and kitchen utensils.[5][6] It sells its products in 23 states in India and 12 countries overseas.[7][8]
Stovekraft was honoured for excellence at the ET Great Indian Retail Awards 2025 [9]
History
Stovekraft operates two manufacturing plant in India including Bangalore and Baddi, Himachal Pradesh.[10] The Bangalore Unit is spread across 50 Acres Land and manufacture most of Kitchen and Home Appliances products.
Around 80 percent of Stovekraft's employees reportedly are women.[11]
The company launched its initial public offering (IPO) in January 2021, raising more than ₹412 crore (US$43 million).[12] The company was listed on the NSE and BSE on 5 February 2021.[13]
The company has started manufacturing for Ikea at its Harohalli facility.[14]
Stovekraft operates 2 brands, Pigeon and Gilma. Gilma is its premium range of Kitchen chimneys, Cooktops, built-ins and air fryers. Stovekraft has set up over 329 Pigeon exclusive brand stores across India.[15]
The company sells through general trade in over 1,25,000 outlets, modern trade stores, on ecommerce marketplaces and through its exclusive brand outlets.
References
- ↑ "Fast Forward". Business Today. Retrieved 16 June 2020.
- ↑ "Ex-Puma India head now CEO of Stovekraft". Times of India. Retrieved 16 June 2020.
- ↑ "Stove Kraft Q4 profit jumps over 4 times as revenue grows strongly". CNBCTV18. Retrieved 18 May 2026.
- ↑ Baid, Yukta (6 April 2026). ""US-Iran War: Stovekraft To Double Output Amid Induction Surge Despite Cost Pressures, Says MD"". NDTV Profit. p. 2. Retrieved 7 May 2026.
- ↑ "IPO-bound Stovekraft looks to expand international presence". Moneycontrol. Retrieved 16 June 2020.
- ↑ "Stovekraft prepares for IPO before the end of 2019". The Hindu. 20 April 2019.
- ↑ "Sequoia-backed kitchen appliance maker Stovekraft files for ₹500 crore IPO". Livemint. Retrieved 16 June 2020.
- ↑ "Stove Kraft gets Sebi's go-ahead to launch IPO". Outlook. Archived from the original on 17 May 2020. Retrieved 16 June 2020.
- ↑ ""Stove Kraft Limited Honored for Excellence in Home & Decor at ET Great India Retail Awards 2025"". 1 March 2025. Retrieved 18 May 2026.
- ↑ Sriram, M. (4 February 2020). "Sequoia-backed kitchen appliance maker Stovekraft files for ₹500 crore IPO". mint. Retrieved 5 November 2020.
- ↑ "This Kitchen Appliance Company is Just a Step Away from Going Public". Entrepreneur. Retrieved 16 June 2020.
- ↑ "Stove Kraft IPO to open next week, price band fixed at ₹384-385 a share". mint. 21 January 2021. Retrieved 16 March 2021.
- ↑ "Stove Kraft share lists at 21% premium to IPO issue price". www.businesstoday.in. Retrieved 16 March 2021.
- ↑ FE Business (19 December 2024). "Stove Kraft enters into partnership with IKEA to develop, supply cookware to be sold through IKEA'S network". Retrieved 18 May 2026.
- ↑ "Stove Kraft posts 3-fold rise in Q4 profit on strong induction cooktop sales". The Hindu Business Line. 12 May 2026. Retrieved 18 May 2026.
- Kumar, Aishwarya (21 April 2026). "From gas to grid: Stovekraft bets big on electric cooking to power next phase of growth". BusinessLine. Retrieved 7 May 2026.