Stovekraft
Stovekraft is an Indian home-appliance manufacturer whose portfolio includes the Pigeon and Gilma brands.
Last updated August 31, 2026
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Overview
Stovekraft is an Indian manufacturer and marketer of cooking, kitchen and selected home appliances. Founded in 1999 and headquartered in Bengaluru, Karnataka, the company operates in the consumer durables sector, with products spanning mixer grinders, pressure cookers, cooktops, toasters, kitchen chimneys, air fryers, kitchen utensils, BLDC fans and grooming products. Its best-known consumer brands are Pigeon, positioned as a broad-market kitchen and home-appliance brand, and Gilma, positioned toward the premium end of the kitchen-appliance category. The company combines in-house manufacturing with a large multi-channel distribution network. Its reported manufacturing footprint includes facilities in Bengaluru and Baddi, Himachal Pradesh. The Bengaluru unit covers approximately 50 acres and produces a substantial portion of the company’s kitchen and home-appliance range. Stovekraft has also begun manufacturing products for IKEA at its Harohalli facility, indicating that its production capabilities extend beyond its own branded portfolio and include manufacturing relationships with international retail customers. Stovekraft’s route to market is built around several layers of distribution. Its products are sold through general trade outlets, modern retail, e-commerce marketplaces and company-associated exclusive stores. The company has established more than 329 Pigeon exclusive brand stores in India, while its general-trade network reaches more than 125,000 outlets. This combination gives the business access to both smaller towns and cities, where traditional retail remains important, and metropolitan consumers who increasingly purchase appliances through organized retail and online marketplaces. The company reports selling across 23 Indian states and exporting to 12 countries. Its broad portfolio allows it to participate in everyday cooking and food-preparation needs as well as adjacent household categories. Products such as mixer grinders, pressure cookers and cooktops address routine kitchen use, while air fryers, chimneys and built-in appliances serve more specialized or premiumizing demand. BLDC fans and grooming products extend the assortment beyond the kitchen, although cooking appliances remain central to the company’s identity. Stovekraft became a publicly listed company in February 2021 after completing an initial public offering in January of that year. The offering raised more than ₹412 crore according to the cited reference material, and the company’s shares were listed on both the NSE and BSE on 5 February 2021. The public-market transition marked an important stage in the company’s expansion and formalized its position as a scaled Indian consumer-appliance manufacturer. The company’s manufacturing and employment profile also has a notable social dimension. Approximately 80 percent of its employees were reported to be women. Stovekraft has continued to develop its brand and retail presence while expanding the range of products manufactured in India. In 2025, it was reported as receiving recognition for excellence at the ET Great Indian Retail Awards. Overall, Stovekraft is best understood as an India-focused appliance company with growing overseas distribution, a mass-market Pigeon franchise, a premium Gilma offering and a manufacturing platform that supports both branded sales and third-party production.
History
Stovekraft was founded in 1999 in India and developed as a manufacturer of cooking and household appliances. The company is headquartered in Bengaluru, Karnataka, and its operating model has combined product manufacturing with broad domestic distribution. From its core kitchen focus, Stovekraft expanded into a range of appliances and related household products, including mixer grinders, pressure cookers, cooktops, toasters, chimneys, air fryers, utensils, BLDC fans and grooming products. The company’s brand architecture is centered on Pigeon and Gilma. Pigeon serves as the principal broad-market brand and is distributed through traditional retail, modern trade, online marketplaces and dedicated brand outlets. Gilma represents a premium kitchen-appliance proposition, with products such as chimneys, cooktops, built-in appliances and air fryers. The two-brand structure enables Stovekraft to address different price points and consumer segments while retaining a common manufacturing and distribution platform. Manufacturing has remained an important part of the company’s development. Stovekraft operates facilities in Bengaluru and Baddi, Himachal Pradesh. Its Bengaluru manufacturing unit occupies approximately 50 acres and produces much of the company’s kitchen and home-appliance output. The company has also started manufacturing for IKEA at its Harohalli facility. This activity demonstrates that Stovekraft’s industrial base is used not only for products sold under its own brands but also for production connected with an international retail customer. Stovekraft expanded its reach through a large Indian sales network. The company has reported distribution through more than 125,000 general-trade outlets, as well as modern retail, e-commerce marketplaces and exclusive stores. It has established more than 329 Pigeon exclusive brand stores across India. This network supports the sale of frequently used kitchen appliances in a wide range of locations, including markets where traditional retail is a major route to purchase. The company has reported sales in 23 Indian states and exports to 12 countries, giving it a primarily Indian commercial base with an overseas presence. A significant corporate milestone occurred in January 2021, when Stovekraft launched its initial public offering. The offering raised more than ₹412 crore according to the cited reference material. On 5 February 2021, Stovekraft became listed on both the National Stock Exchange of India and the Bombay Stock Exchange. The listing marked a transition from a privately operated appliance manufacturer to a publicly traded consumer-durables company and provided a new framework for expansion and investor scrutiny. The company’s workforce has also been described as predominantly female, with women reportedly accounting for approximately 80 percent of employees. This characteristic is notable within the company’s manufacturing and operating profile. In 2025, Stovekraft was reported to have received recognition for excellence at the ET Great Indian Retail Awards, reflecting the importance of its retail execution and brand distribution. More recent reporting has described Stovekraft as placing greater emphasis on electric cooking. That direction is consistent with the company’s established participation in electrically powered kitchen appliances, including mixer grinders, toasters and air fryers, while potentially broadening its role in changing household-cooking patterns. The available reference material does not establish a complete account of the company’s current financial performance, leadership structure or detailed international subsidiaries. Nevertheless, the documented trajectory is that of an Indian appliance manufacturer founded in 1999, scaled through domestic retail and manufacturing, diversified through Pigeon and Gilma, listed publicly in 2021 and continuing to develop branded and contract-manufacturing activities.
- 2026
Greater emphasis on electric cooking
[2]BusinessLine reports that Stovekraft is increasing its focus on electric cooking as part of its growth strategy.
- 2025
ET Great Indian Retail Awards recognition
[1]Stovekraft is reported to have received an excellence honour at the ET Great Indian Retail Awards.
- 2021
Initial public offering
[1]The company launches an IPO in January and raises more than ₹412 crore according to the cited reference material.
- 2021
NSE and BSE listing
[1]Stovekraft’s shares are listed on the National Stock Exchange of India and Bombay Stock Exchange on 5 February.
- 1999
Stovekraft is founded
[1]Stovekraft is established in India as a manufacturer of cooking and household appliances.
Products and positioning
An Indian consumer-appliance manufacturer combining broad-market kitchen products under Pigeon with a more premium kitchen-appliance range under Gilma. The business emphasizes extensive domestic distribution, manufacturing scale, e-commerce reach and selected international sales.
Mass-market kitchen and home appliances
Pigeon
Pigeon is Stovekraft’s principal broad-market consumer brand. Its range includes everyday kitchen products such as mixer grinders, pressure cookers, cooktops, toasters, air fryers, chimneys and utensils. The brand is distributed through general trade, modern retail, e-commerce and more than 329 exclusive Pigeon stores in India.
Premium kitchen appliances
Gilma
Gilma is Stovekraft’s premium kitchen-appliance brand. Its documented portfolio includes kitchen chimneys, cooktops, built-in appliances and air fryers. The brand allows Stovekraft to address consumers seeking more premium kitchen equipment than the company’s core mass-market Pigeon assortment.
Food-preparation appliances
Mixer grinders
Stovekraft manufactures and sells mixer grinders, a core category within its Indian kitchen-appliance portfolio. These products support routine food preparation and are sold through the company’s Pigeon brand and broader retail and online distribution network.
Cookware
Pressure cookers
Pressure cookers form part of Stovekraft’s cookware and cooking-product range. They are associated with the company’s everyday kitchen offering and complement its electrically powered appliances such as mixer grinders and toasters.
Kitchen installation appliances
Kitchen chimneys and built-in appliances
Kitchen chimneys, cooktops and built-in appliances are among Stovekraft’s more specialized kitchen products. The category is particularly associated with Gilma, which positions these products toward premium kitchen installations and higher-value appliance purchases.
Small kitchen appliances
Air fryers
Air fryers are included in Stovekraft’s small-appliance portfolio and are sold within its brand architecture, including the premium Gilma range. They represent the company’s participation in newer electric cooking and countertop food-preparation formats.
Home electrical appliances
BLDC fans
BLDC fans extend Stovekraft’s product scope beyond cooking and kitchen equipment into household electrical appliances. The available reference material identifies the category but does not provide detailed model, launch or distribution information.
Personal-care appliances
Grooming products
Stovekraft also sells grooming products, adding a personal-care dimension to its home-appliance activities. The supplied references do not specify the individual products, sub-brands or launch dates within this category.
Brand decisions
2021
Stovekraft launches its initial public offeringOtherBackground
After developing an Indian manufacturing and distribution business, Stovekraft pursued a public-market listing to support its corporate growth and broaden its investor base.
Action taken
The company launched an IPO in January 2021 and subsequently listed its shares on the NSE and BSE on 5 February 2021.
Aftermath
Stovekraft became a publicly traded Indian consumer-appliance company. The cited reference material states that the offering raised more than ₹412 crore.
IPO proceeds. More than ₹412 crore raised (January 2021)
- Expansion of electric-cooking focusStrategy
Background
Stovekraft has an established portfolio of electrically powered kitchen appliances, including mixer grinders, toasters and air fryers.
Action taken
BusinessLine reported that the company was betting more heavily on electric cooking as a source of its next phase of growth.
- Manufacturing arrangement with IKEAOther
Background
Stovekraft has manufacturing facilities in India and has developed capabilities beyond its own consumer brands.
Action taken
The company started manufacturing products for IKEA at its Harohalli facility.
Aftermath
The arrangement broadened the use of Stovekraft’s Indian manufacturing platform, although the supplied references do not specify products, volumes or commercial terms.
Recent events
- 2026
Stovekraft expands its electric-cooking focus[2]
Other
A BusinessLine report described Stovekraft’s increased focus on electric cooking as part of its next phase of growth.
- 2025
Stovekraft receives ET Great Indian Retail Awards recognition[1]
Other
Stovekraft was reported to have been honoured for excellence at the ET Great Indian Retail Awards.
- 2021
Stovekraft completes initial public offering[1]
Other
Stovekraft launched its initial public offering in January 2021, raising more than ₹412 crore according to the cited reference material.
- 2021
Stovekraft shares listed on NSE and BSE[1]
Other
The company’s shares were listed on the National Stock Exchange of India and Bombay Stock Exchange on 5 February 2021.
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