- Business
- Stove Kraft Limited manufactures and markets a broad portfolio of kitchen and home appliances in India. The company offers pressure cookers, non-stick cookware, glass-top and induction cooktops, infrared cooktops, chimneys, hobs, ovens, mixer grinders, wet grinders, electric rice cookers, toasters, air fryers, food processors, coffee makers, steam irons, LPG stoves, gas stoves, water heaters, emergency lamps, vacuum cleaners, electric choppers, handy choppers, LED lighting solutions including bulbs and battens, and household utilities such as iron boxes and thermometers; products are marketed under the flagship brands Pigeon, Gilma, Black+Decker, and Pigeon LED. Founded in 1994 and headquartered in Bengaluru, India, Stove Kraft operates state-of-the-art manufacturing facilities in Harohalli near Bengaluru and Baddi in Himachal Pradesh, with a distribution network exceeding 125,000 dealers across India and exports to over 14 countries including the Middle East, Kenya, Uganda, Sri Lanka, Fiji, Bahrain, Kuwait, Oman, Tanzania, and the USA serving clients such as Walmart, Big Lots, and Belk. The company employs over 6,000 people and maintains ISO 9001:2015 certification with a focus on sustainable manufacturing and innovation in anti-scratch non-stick technology. Recent developments include a December 2024 partnership with IKEA to supply cookware for global stores starting 2026 from its Harohalli facility, expansion of exclusive Pigeon and Gilma stores targeting 500 outlets by April 2027 through COCO and COFO models with 22 new stores added in Q2 FY25 bringing the total to 213 primarily in South India, NCR, and West regions, ongoing capex of approximately 65-70 crore in FY2024 for in-house manufacturing capacity enhancements and over 105 new retail stores, November 2025 issuance of 5,821 ESOP shares increasing paid-up capital to 33.1073 crore, and steady Q2 FY25 net profit growth to 16.71 crore amid operational efficiencies reducing working capital days to 44.