Stovekraft
- Company typePublic
- Founded1999
- HeadquartersBangalore, India
- Headcount5,001–10,000
- GTM typeB2C
- OfferingHardware or Manufacturing
Stovekraft firmographics
Firmographics- Name
- Stovekraft
- Legal name
- Stovekraft Limited
- Website
- https://stovekraft.com
- Company type
- Public
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
Stovekraft industry classification
Industry- Product category
- Consumer Kitchen Appliances
- NAICS
- Small Electrical Appliance Manufacturing (335210), Metal Kitchen Cookware, Utensil, Cutlery, and Flatware (except Precious) Manufacturing (332215)
- SIC
- Household Appliances (3630), Cutlery, Handtools & General Hardware (3420), Electric Housewares & Fans (3634)
- akta.pro primary industry
- Kitchen & Cooking Major Appliance Retail (Ranges, Ovens, Cooktops, Microwaves) (CRACACAA)
- akta.pro secondary industry
- Specialty Kitchen Appliances Retail (Sous Vide, Dehydrators, Ice Cream) (CRACADAF)
Keywords
Where Stovekraft is headquartered
LocationHeadquarters
- HQ city
- Bangalore
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Stovekraft business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Kitchen Appliance Sales: Revenue generated from manufacturing and selling cookware, pressure cookers, cooktops, induction cookers, mixer grinders, and other kitchen appliances under Pigeon and Gilma brands through retail stores and e-commerce platforms.
- International OEM Supply: Export revenue from supplying cookware products to global retailers including Walmart and IKEA under OEM agreements. International business accounts for 12-13% of total revenue with growth momentum.
- Franchise Store Revenue: Revenue from Pigeon Exclusive Store franchise operations across India, offering direct-to-consumer sales of kitchen appliances with factory-direct pricing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Mass-market kitchen appliances at accessible price points |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Stovekraft product offering
Product offeringCore offering
Stovekraft Limited manufactures, markets, and distributes branded kitchen and home appliances in India under the Pigeon (mass-market) and Gilma (premium) brands, covering pressure cookers, cookware, induction cooktops, gas cooktops, chimneys, hobs, built-in ovens, mixer grinders, air fryers, kettles, coffee makers, personal care, and cooling products. It also supplies cookware globally through OEM partnerships with IKEA and Walmart.
Product overview
Stovekraft Limited is a kitchen and home appliances manufacturer founded in 1999, operating two primary consumer brands: Pigeon (mass-market) and Gilma (premium). The Pigeon brand encompasses cookware (pressure cookers, cookware sets), cooking appliances (induction cooktops, infrared cooktops, chimneys, hobs), food preparation appliances (mixer grinders, wet grinders, air fryers, Nutri mixers, coffee makers, cold press juicers, kettles, rice cookers, OTG ovens), personal care products (hair dryers, trimmers, massagers), cooling solutions (pedestal fans, tower fans, wall fans, mini fans), and home solutions (vacuum cleaners, floor mops, garment care/irons, room heaters, emergency lamps, extension cords). The Gilma brand focuses on premium kitchen appliances including chimneys, built-in hobs, gas cooktops, built-in ovens, OTG ovens, air fryers, and electronic safe lockers. The company operates manufacturing facilities in Harohalli near Bengaluru and Himachal Pradesh, exports to 14 countries, and maintains over 300 exclusive Pigeon retail stores across 120+ cities in India, with products also distributed through major e-commerce platforms.
Differentiator
Problem solved
Functional benefit
Brands
- Pigeon: India's leading kitchen and home appliances brand offering pressure cookers, cookware, induction cooktops, chimneys, hobs, mixer grinders, wet grinders, air fryers, coffee makers, kettles, ovens, and more
- Gilma
Products and services
- Pigeon Pressure Cookers Pressure cookers for efficient cooking under pressure; a core cookware product of the Pigeon mass-market line sold across India.
- Pigeon Induction & Infrared Cooktops Electric induction and infrared cooktops for energy-efficient cooking; key growth driver with 89.4% YoY value growth in Q4 FY26.
- Pigeon Chimneys Kitchen chimney exhaust systems for smoke and odor removal during cooking, in the Pigeon mass-market segment.
- Pigeon Mixer Grinders Mixer grinders for grinding, blending, and mixing ingredients in Indian kitchens.
- Pigeon Wet Grinders Wet grinding appliances for traditional Indian cooking preparation such as dosa batter.
- Pigeon Air Fryers Air fryers for healthy cooking with less oil, part of Pigeon's modern kitchen solutions.
- Pigeon Coffee Makers Coffee making appliances for brewing coffee at home.
- Pigeon Electric Kettles Electric kettles for rapid water heating and beverage preparation.
- Pigeon Rice Cookers Electric rice cookers for automated rice and grain cooking.
- Pigeon Nutri Mixers Nutri blenders and mixers for health-focused food preparation.
- Pigeon Cold Press Juicers Cold press juicers for extracting juice with minimal heat generation.
- Pigeon Personal Care - Hair Dryers Hair dryers including Bloom, Grace, Glam, and BLDC variants for efficient hair drying.
- Pigeon Personal Care - Trimmers Beard trimmers and grooming kits with multiple attachments.
- Pigeon Personal Care - Massagers Body massagers, leg massagers, scalp massagers, and massage guns for relaxation and pain relief.
- Pigeon Pedestal Fans Pedestal fans with strong airflow, 3-speed control, adjustable height, and 7-blade design.
- Pigeon Tower Fans Tower fans with digital or manual controls, multiple speed settings, and space-saving design.
- Pigeon Wall Fans Wall-mounted fans with 7-blade design for efficient air circulation.
- Pigeon Mini Fans Compact portable fans including battery-powered table fans with LED lights.
- Pigeon Vacuum Cleaners Vacuum cleaning appliances for household cleaning.
- Pigeon Floor Mops Floor cleaning mops for efficient household cleaning.
- Pigeon Garment Care (Irons) Dry irons, steam irons, and cordless garment care models under the Pigeon brand.
- Pigeon Room Heaters Room heaters including 2-in-1 heater-fan models for Indian homes.
- Pigeon Emergency Lamps Rechargeable emergency lighting solutions for power outages.
- Gilma Chimneys Premium kitchen chimney exhaust systems in Curve, Inclined, T-Shape, and Hybrid configurations for modular kitchens.
- Gilma Hobs Built-in cooking hobs in Full Brass and Semi Brass variants with auto ignition options.
- Gilma Gas Cooktops Premium gas cooktops including Nero Elite, Celeste, Nova Auto, Regalia, and Viva/Rio series; Celeste features SABAF Italian burners.
- Gilma Built-in Ovens Built-in ovens including Myra, Bravo, and Trent models for seamless modular kitchen integration.
- Gilma OTG Ovens Oven Toaster Griller (OTG) appliances including ARGUS series in 30L and 40L capacities.
- Gilma Air Fryers Premium AIR FRYER CRISPA model with digital touch display.
- Gilma Safe Lockers Electronic and biometric safe lockers (EON and NEXA series) with fingerprint scanner, digital keypad, and solenoid locking system.
- Pigeon Electric Shavige Maker Battery-operated electric appliance with six interchangeable molds for preparing traditional Indian shavige (vermicelli) snacks, targeting modern Indian households.
- Pigeon Brand Portfolio Stovekraft's flagship mass-market consumer brand offering kitchen and home appliances through 300+ exclusive retail stores and e-commerce platforms across India.
- Gilma Brand Portfolio Stovekraft's premium kitchen appliances brand targeting higher-end consumers with chimneys, hobs, gas cooktops, built-in ovens, OTG ovens, air fryers, and safe lockers.
- Global OEM Cookware Supply OEM/private-label cookware supply to global retailers including IKEA and Walmart, accounting for 12–13% of total company revenue with presence in 14 countries.
Quantifiable outcome
- 89.4% year-on-year growth in induction cooktop category in Q4 FY26
- +2 more outcomes
Companies that use Stovekraft
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Stovekraft technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Stovekraft partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and strategic.
- IKEA Systems B.V.coreLandmark worldwide cookware supply agreement signed in December 2024. Stovekraft will develop and distribute cookware products through IKEA's global retail network, marking a significant expansion of international footprint starting 2026.
- WalmartcoreOEM partnership for supplying kitchen appliances through Walmart's international retail network, contributing 12-13% of total company revenue.
- SABAF (Italy)strategicTechnology collaboration with SABAF, Italy for premium gas cooktop products. Gilma Celeste series features SABAF burners, bi-metal hybrid mixing tubes, and precision gas valves crafted in Italy.
Scale indicators14 records
Recent moves8 records
Expansion highlights6 records
Stovekraft competitors and assessment
Company assessmentDirect peers
- TTK Prestige: TTK Prestige is India's largest legacy kitchen appliances and cookware company offering pressure cookers, cooktops, gas stoves, and mixer grinders. Directly comparable to Stovekraft's Pigeon and Gilma brands across overlapping categories with similar mass-market-to-premium positioning in India.
- Butterfly Gandhimathi Appliances: Butterfly is an India-focused kitchen appliances manufacturer offering mixer grinders, gas stoves, pressure cookers, and induction cooktops. Closely comparable product portfolio and target customer to Stovekraft's mass-market Pigeon range with overlapping distribution in South India.
- Sunflame: Sunflame is a major Indian kitchen appliances brand specializing in gas stoves, cooktops, chimneys, and hobs. Directly competitive with Stovekraft's Gilma premium line and Pigeon mid-tier kitchen offerings in the Indian household segment.
- Glen Appliances: Glen Appliances manufactures kitchen chimneys, built-in hobs, gas cooktops, and induction cookers in India. Directly competes with Stovekraft's Gilma brand in premium kitchen appliances and Pigeon in mid-tier cooking solutions.
- Usha International: Usha International manufactures sewing machines, kitchen appliances, fans, and home appliances in India. Comparable in product breadth (cooktops, fans, garment care) and Indian mass-market positioning to Stovekraft's Pigeon brand.
Broad incumbents
- Bajaj Electricals: Bajaj Electricals is a large established Indian durables player offering kitchen appliances alongside fans, lighting, and home appliances. A broader incumbent with overlapping categories but wider portfolio than Stovekraft's kitchen-focused proposition.
- Havells India: Havells is a leading Indian electrical and kitchen appliances conglomerate covering water heaters, small kitchen appliances, and home solutions. A broad incumbent where the kitchen overlap with Stovekraft is one of several categories.
- Crompton Greaves Consumer Electricals: Crompton is a major Indian consumer durables player in fans, pumps, and small appliances including mixer grinders. A broader incumbent with overlapping products in food preparation and home solutions categories.
- Whirlpool of India: Whirlpool India is the local subsidiary of the global major appliance brand offering refrigerators, washing machines, and kitchen appliances. A broad incumbent with premium kitchen appliance overlap to Gilma but a much wider portfolio and global scale.
- Philips India (Versuni): Philips/Versuni offers kitchen appliances, air fryers, mixer grinders, and personal care products in India through global brand strength. A broad incumbent with overlapping offerings in air fryers, personal care, and small appliances under premium positioning.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Stovekraft social profiles
Digital presenceStovekraft financial estimates
Financial estimateRevenue estimate
Valuation estimate
Stovekraft leadership team
Management profileNumber of profiles
Profiles5 records
Stovekraft funding detail
Funding detailFunding overview
Funding rounds4 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Stovekraft M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Stovekraft
What does Stovekraft do?
Stovekraft Limited manufactures, markets, and distributes branded kitchen and home appliances in India under the Pigeon (mass-market) and Gilma (premium) brands, covering pressure cookers, cookware, induction cooktops, gas cooktops, chimneys, hobs, built-in ovens, mixer grinders, air fryers, kettles, coffee makers, personal care, and cooling products. It also supplies cookware globally through OEM partnerships with IKEA and Walmart.
Is Stovekraft a public or private company?
Stovekraft is a public company. It is classified as public and is currently operating.
When was Stovekraft founded?
Stovekraft was founded in 1999. It employs 5,001 to 10,000 people.
Where is Stovekraft based?
Stovekraft is headquartered in Bangalore, India, in the Asia region.
How does Stovekraft make money?
Three revenue lines are on record. Kitchen Appliance Sales are the primary driver. The others are international OEM Supply and franchise Store Revenue.
Who are Stovekraft's main competitors?
Direct peers on record are TTK Prestige, Butterfly Gandhimathi Appliances, Sunflame, Glen Appliances and Usha International. Broad incumbents are Bajaj Electricals, Havells India, Crompton Greaves Consumer Electricals, Whirlpool of India and Philips India (Versuni).
Does Stovekraft have an API?
No public API is recorded for Stovekraft.
What industry is Stovekraft in?
Stovekraft's product category is Consumer Kitchen Appliances. Its primary akta.pro industry code is CRACACAA, Kitchen & Cooking Major Appliance Retail (Ranges, Ovens, Cooktops, Microwaves), with a secondary code of CRACADAF, Specialty Kitchen Appliances Retail (Sous Vide, Dehydrators, Ice Cream). Its NAICS code is 335210 and its SIC code is 3630.