Hindware Home Innovation Limited

What Hindware Home Innovation Limited does

Hindware Home Innovation Limited (NSE: HINDWAREAP), formerly Somany Home Innovation Limited, is a publicly listed Indian home solutions company headquartered in Gurugram with 10,000+ employees, formed in 2019 through a demerger from HSIL. It operates two principal divisions: Building Products (sanitaryware, faucets, premium and super-premium tiles under Hindware, and plastic pipes & fittings under Truflo by Hindware) and Consumer Appliances (kitchen chimneys, cooktops, dishwashers, built-in microwaves, water purifiers, hobs, sinks, air coolers, ceiling & pedestal fans, and water/room heaters under the Hindware Smart Appliances brand). It also runs home-interior retail under the EVOK franchise brand and the Lacasa concept-store format.

The company's underlying technology includes the iPro IoT range—India's first IoT-enabled chimney, water purifier, and water heater allowing smartphone-based remote control—and 32 cumulative patent applications covering smart-home innovations. It holds strategic alliances with Italian fittings manufacturer Formenti & Giovenzana (FGV Powered by Hindware) and, until June 2026, operated a water heater joint venture with France's Groupe Atlantic via Hintastica Private Limited, which has now been fully acquired as a wholly-owned subsidiary.

Hindware generates revenue primarily through hardware sales across mass, premium, and super-premium price tiers, distributed via a multi-channel go-to-market: 575+ owned brand stores, 35,000+ active retail touchpoints, 102 kitchen galleries, 30 EVOK franchise stores, large-format retail partnerships, and e-commerce marketplaces including Amazon, Flipkart, Pepperfry, and Urban Ladder. It also serves institutional/project customers (developers and builders such as SuperTech, Ajnara, Savior Group, GBP Group, and Bayer Corp) through direct field sales. FY26 consolidated revenue was ₹2,510.28 crore (down 0.50% YoY) with a net loss of ₹39.68 crore, while the company has announced a Composite Scheme of Arrangement to demerge the Building Products and Consumer Products divisions into separate listed entities.

Name

Hindware Home Innovation Limited

Legal name

Hindware Home Innovation Limited

Website

https://hindwarehomes.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Hindware Home Innovation Limited is a publicly listed Indian manufacturer of building products (sanitaryware, faucets, tiles, pipes) and consumer appliances (kitchen appliances, water heaters, fans), selling to aspirational households, design-conscious urban consumers, real estate developers, and retail networks across India.

Ownership category

akta.pro rank

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Building Products: Manufacturing and sale of sanitaryware, faucets, plastic pipes & fittings, and premium & super-premium tiles through Hindware Limited (wholly-owned subsidiary). Revenue generated from B2B project sales and retail distribution through dealer networks.
2. Consumer Appliances: Sale of kitchen appliances (chimneys, cooktops, dishwashers, built-in microwaves, water purifiers, hobs, sinks), air coolers, ceiling & pedestal fans, kitchen & furniture fittings, water heaters and room heaters across different price points through Hindware Smart Appliances brand.
3. Retail (EVOK): Specialty home interior products sold through franchise-based retail stores, large format retail stores, and online platforms under the 'EVOK' brand. Revenue from owned display sales stores and 30 franchise stores across India.
4. Water Heaters via Joint Venture: Manufacturing, marketing and distribution of water heaters and room heaters through Hintastica Private Limited, a joint venture between Hindware Home Innovation and Groupe Atlantic (France), operating under the 'hindware' brand.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Hindware Home Innovation Limited manufactures and sells a portfolio of building products and consumer appliances across India. The Building Products Division (BPD) offers sanitaryware, faucets, wall and floor tiles, and plastic pipes under the Hindware, QUEO, EVOK, NEOM, Truflo, and FGV Powered by Hindware brands. The Consumer Appliances Division (CAD) sells water heaters, air coolers, ceiling fans, and kitchen appliances under Hindware Smart Appliances, Moonbow, and the iPro IoT Range. The Company distributes through 575+ exclusive brand stores, 35,000+ retail touchpoints, 102 kitchen galleries, and online marketplaces, reaching both individual consumers and institutional/project customers.

Product overview

Hindware Home Innovation Limited operates as a diversified consumer goods company with two main divisions: Building Products (sanitaryware, faucets, tiles, Truflo pipes) and Consumer Appliances (kitchen chimneys, cooktops, dishwashers, water purifiers, air coolers, ceiling fans, water heaters). The company also runs retail operations under EVOK and Lacasa concept stores. Key sub-brands include iPro IoT (India's first IoT-enabled chimney, water purifier, water heater), FGV Powered by Hindware (kitchen fittings via Italian partnership), NEOM tiles, Hindware Snowcrest fans, and Moonbow lifestyle products. The portfolio spans mass to premium price points with over 575 Brand Stores and 35,000+ retail touchpoints nationwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Hindware Sanitaryware
• Hindware Faucets
• NEOM Tiles
• Truflo by Hindware Pipes Plastic pipes and fittings under the Truflo by Hindware brand, including the new Truflo Drainmaster range, used in residential and commercial plumbing applications.
• Hindware Water Heaters Electric and storage water heaters for residential use, including the IoT-enabled iPro IoT Range. Brand category includes Hintastica range for water heaters.
• Hindware Air Coolers Residential air coolers (desert, personal, and tower formats) sold under Hindware Smart Appliances.
• Hindware Snowcrest Ceiling Fans BLDC and conventional ceiling fans under the Hindware Snowcrest range for residential use, positioned on energy efficiency.
• Hindware Kitchen Appliances Kitchen appliances including choppers, mixer-grinders, and other small appliances under the Hindware Smart Appliances range, sold through dedicated kitchen galleries and retail channels.

Quantifiable outcome

• India's #1 online selling chimney brand
• +4 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• MANS TRADING CO.minorChannel Partner/ Reseller/ Distributor · 24 April 2026MANS TRADING CO. operates Hindware brand stores in Srinagar, Jammu & Kashmir. The new Brand Store launched on April 24, 2026, marks the third store in the city and 15th across the J&K region.
• Groupe Atlantic (France) / Atlantic Société Française de Développement ThermiquecoreStrategic or Co-development PartnerHindware Home Innovation operates Hintastica Private Limited as a joint venture with Groupe Atlantic (France) for manufacturing, marketing, and distribution of water heaters and room heaters under the 'hindware' brand. In 2026, Hindware acquired Atlantic's stake making Hintastica a wholly-owned subsidiary.
• Formenti & Giovenzana (FGV)coreTechnology or IntegrationStrategic marketing tie-up with Italian company Formenti & Giovenzana for supplying quality fittings for modular furniture and kitchen arrangements in India under the brand 'FGV Powered by Hindware™', including MS slide-on, integrated soft close hinges, corner pie, wide-angle hinges, ball bearing drawer channels and drawer systems.
• Migsun Real EstateminorStrategic or Co-development PartnerHindware Home Innovation entered into a strategic partnership with Migsun Real Estate as part of cooking hob market development, expanding distribution in the premium kitchen appliances segment.

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Jaquar Group: Leading Indian bathware and faucets brand with strong project and retail presence, a direct competitor across Hindware's bathware and sanitaryware business.
• V-Guard Industries: Indian-listed consumer electricals company with comparable product overlap in water heaters, water purifiers, and small appliances addressing similar aspirational households.
• Cera Sanitaryware: Indian-listed sanitaryware and faucet manufacturer directly competing with Hindware in bathware and faucets across the same B2B project and retail channels.
• Crompton Greaves Consumer Electricals: Indian-listed consumer durables company directly competing with Hindware Snowcrest ceiling fans, water heaters, and kitchen/small appliances.
• Kajaria Ceramics: India's largest tiles manufacturer and a direct competitor to Hindware's NEOM and premium tile lines in the building products category.
• Symphony: India's leading air cooler brand, directly competing with Hindware's air cooler line for Indian households, especially in mass and semi-urban markets.

Broad incumbents

• Havells India: Diversified Indian consumer appliances and electricals major overlapping with Hindware in water heaters, fans, and small appliances through similar distribution.
• Asian Paints: India's dominant paints and home improvement major with growing exposure to bathware, kitchens, and waterproofing; competes broadly with Hindware for share-of-wallet in aspirational home upgrades.
• Bajaj Electricals: Diversified Indian appliances major with overlapping presence in kitchen appliances, fans, and water heaters alongside broader lighting and EPC exposure.
• Roca (Roca Bathroom Products India / Parryware): Global sanitaryware brand with established Indian operations (including Parryware) competing with Hindware across premium and super-premium bathware categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hsil-ltd.

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hindware Home Innovation Limited