Company type | Public |
|---|---|
| NSE: STOVEKRAFT BSE: 543260 | |
| Founded | 1999 |
| Founder | Rajendra Gandhi |
| Headquarters | , India |
Key people | Rajendra Gandhi (Chairman & MD) Neha Gandhi (Director)[2][3] |
| Products | Kitchen appliances, cookware |
| Revenue |  ₹1,607 crore (US$170 million) (FY 2026)[4] |
| Website | www |
Stovekraft is an Indian company that manufactures cooking appliances, cookware BLDC fans and grooming products.
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
editStovekraft operates two manufacturing plant in India including Bangalore, Karnataka, 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 with a dedicated state of the art manufacturing plant 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.
- ↑ 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.
{{cite news}}: CS1 maint: url-status (link) - ↑ "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.
- ↑ "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. 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.
- ↑ Bsuiness, FE (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.