Stovekraft Limited

India’s leading home and kitchen appliances company | Our brands - Pigeon, Gilma, Pigeon LED and Black + Decker

General Information
Company Name
Stovekraft Limited
Founded Year
1994
Location (Offices)
India +1
Founders / Decision Makers
Number of Employees
1121
Industries
E-Commerce
Funding Stage
Series Unknown
Social Media

Stovekraft Limited - Company Profile

Stovekraft Limited is India’s leading home and kitchen appliances company, boasting brands such as Pigeon, Gilma, Pigeon LED, and Black + Decker. Established in 1994, the ISO 9001:2008 certified company is at the forefront of the kitchen appliances industry. With a focus on blending sophistication, aesthetics, and technology, Stovekraft has earned a reputation for transforming mundane kitchen tasks into pleasurable experiences.

The company's commitment to safety and social welfare is evident through its single largest manufacturing facility in Bangalore and another unit in Baddi, Himachal Pradesh, employing over 6500 dedicated employees. Stovekraft's flagship brands, Pigeon and Gilma, are strategically positioned in the market, offering premium kitchen solutions such as pressure cookers, non-stick cookware, cook tops, mixer grinders, chimneys, and hobs.

In addition to its domestic presence, Stovekraft has made significant inroads into global markets, including the Middle East, USA (with prestigious clients like Walmart, Big Lots, and Belk), Kenya, Uganda, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, Oman, and Tanzania. The latest INR1.85B Venture Round investment on 23 January 2021 involved investors such as Goldman Sachs, Nippon Life India Trustee, Bajaj Allianz Life Insurance Company Limited, Sundaram Mutual Fund, and IIFL Special Opportunities Fund. Stovekraft's relentless pursuit of customer satisfaction continues to drive its success in the industry.

Taxonomy: kitchen appliances, home appliances, cookware, pressure cookers, non-stick cookware, LPG gas stoves, induction cook-tops, mixer grinders, hobs and chimneys, LED lighting, global presence, premium kitchen solutions, overseas market expansion, retail partnerships

Funding Rounds & Investors of Stovekraft Limited (4)

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Funding Stage Amount No. Investors Investors Date
Venture Round INR1.85B 5 Nippon Life India Trustee, Bajaj Allianz Life Insurance Company Limited +2 23 Jan 2021
Venture Round INR1.20B 1 19 Mar 2013
Series B INR500.00M 1 31 Mar 2010
Series A INR220.00M 1 17 Oct 2007

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