- Business
- Stove Kraft Limited Stove Kraft Limited manufactures and distributes a wide range of kitchen and home appliances in India and select international markets. The company offers pressure cookers, non-stick cookware, induction and infrared cooktops, chimneys, hobs, mixer grinders, wet grinders, air fryers, electric rice cookers, toasters, food processors, coffee makers, steam irons, LPG stoves, glass-top cooktops, ovens, electric choppers, water heaters, emergency lamps, kitchen sinks, and LED lighting solutions under its flagship brands Pigeon, Gilma, Black+Decker, and Pigeon LED. Founded in 1994 and headquartered in Bengaluru, India, Stove Kraft Limited operates state-of-the-art manufacturing facilities in Harohalli near Bengaluru and Baddi in Himachal Pradesh, serving over 125,000 dealers across India and exporting to more than 14 countries in the Middle East, Africa, and Asia, including clients such as Walmart, Big Lots, and Belk in the United States. The company maintains a global presence through a network of over 75,000 dealers and company-operated stores, targeting homemakers and households with premium, innovative products focused on safety, durability, and sustainability. In recent developments, Stove Kraft Limited announced a strategic partnership with IKEA in December 2024 to develop and supply cookware for IKEA's global stores starting in 2026, produced at its Harohalli facility; accelerated its retail expansion by launching over 300 exclusive Pigeon stores and targeting 500 by April 2027, primarily in North and West India through COCO and COFO models; and reported Q2 FY25 net profit growth to ₹16.71 crore alongside operational enhancements, including reduced working capital days to 44.