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{{cleanup-PR|date=December 2020}}
{{Infobox company
| name = Stovekraft
| logo =
| type = Public
| traded_as = {{NSE|STOVEKRAFT}} <br> {{BSE|543260}}
| former_names =
| founded = 1999
| founder = Rajendra Gandhi
| hq_location =
| hq_location_city = [[Bangalore]], [[Karnataka]]
| hq_location_country = India
| key_people = Rajendra Gandhi (Chairman & MD)<br>Neha Gandhi (Director)<ref>{{cite news |title=Fast Forward |url=https://www.businesstoday.in/magazine/most-powerful-women/fast-forward/story/379308.html |accessdate=16 June 2020 |work=Business Today}}</ref><br>Rajiv Mehta (CEO)<ref>{{cite news |title=Ex-Puma India head now CEO of Stovekraft|url=https://timesofindia.indiatimes.com/business/india-business/ex-puma-india-head-now-ceo-of-stovekraft/articleshow/74314644.cms |accessdate=16 June 2020 |work=Times of India}}</ref>
| revenue = {{Increase}} {{INRConvert|858.95|c}} (FY 2021)<ref>https://www.moneycontrol.com/livefeed_pdf/Jul2021/ceb4c267-ef79-40cc-b94a-e8c7e13aa5ba.pdf</ref>
| parent =
| products = Kitchen appliances, cookware
| homepage = {{URL|https://www.stovekraft.com}}
}}

'''Stovekraft''' is an Indian company that manufactures [[cooking appliances]] under Pigeon and Gilma brands. The company was founded in 1999 and is headquartered in [[Bangalore]], [[Karnataka]]. Among its cooking appliances are [[Wet grinder|mixer grinder]]s, [[pressure cooker]]s, [[cooktop]]s, [[toaster]]s, [[chimney]]s and kitchen utensils.<ref>{{cite news |title=IPO-bound Stovekraft looks to expand international presence |url=https://www.moneycontrol.com/news/business/companies/ipo-bound-stovekraft-looks-to-expand-international-presence-3024171.html |accessdate=16 June 2020 |work=Moneycontrol}}</ref><ref>{{cite web |title=Stovekraft prepares for IPO before the end of 2019 |url=https://www.thehindu.com/business/Industry/hdfc-bank/article26899927.ece |website=The Hindu |publisher=The Hindu |language=en-IN |date=20 April 2019}}</ref> It sells its products in 23 states in India and 12 countries overseas.<ref>{{cite news |title=Sequoia-backed kitchen appliance maker Stovekraft files for ₹500 crore IPO |url=https://www.livemint.com/companies/news/sequoia-backed-stovekraft-files-for-ipo-11580804326778.html |accessdate=16 June 2020 |work=Livemint |language=en}}</ref><ref>{{cite news |title=Stove Kraft gets Sebi's go-ahead to launch IPO |url=https://www.outlookindia.com/newsscroll/stove-kraft-gets-sebis-goahead-to-launch-ipo/1823467 |accessdate=16 June 2020 |work=Outlook}}</ref>

== History ==
Stovekraft operates two manufacturing plant in India including [[Bangalore]], Karnataka, and [[Baddi]], Himachal Pradesh.<ref name="bcd">{{Cite web|last=Sriram|first=M.|date=2020-02-04|title=Sequoia-backed kitchen appliance maker Stovekraft files for ₹500 crore IPO|url=https://www.livemint.com/companies/news/sequoia-backed-stovekraft-files-for-ipo-11580804326778.html|access-date=2020-11-05|website=mint|language=en}}</ref> Around 80 percent of Stovekraft's employees reportedly are women.<ref>{{cite news |title=This Kitchen Appliance Company is Just a Step Away from Going Public |url=https://www.entrepreneur.com/article/338411 |accessdate=16 June 2020 |work=Entrepreneur |language=en}}</ref>

In 2017, Stovekraft entered a licensing agreement with American home appliances manufacturer [[Black+Decker]] to sell the latter's products in the Indian market.<ref>{{cite news |title=Black & Decker inks licensing deal with Stovekraft |url=https://economictimes.indiatimes.com/industry/cons-products/durables/black-decker-inks-licensing-deal-with-stovekraft/articleshow/61967255.cms |accessdate=16 June 2020 |work=The Economic Times}}</ref><ref>{{cite news |title=Stovekraft expand into premium small appliances with Black + Decker |url=https://economictimes.indiatimes.com/industry/cons-products/durables/stovekraft-expand-into-premium-small-appliances-with-black-decker/articleshow/66365920.cms |accessdate=16 June 2020 |work=The Economic Times}}</ref>

In 2019, the company appointed Rajiv Mehta, the former MD of Puma, as its CEO.<ref>{{cite news |title=Ex Puma head Rajiv Mehta joins StoveKraft as CEO - ET BrandEquity |url=https://brandequity.economictimes.indiatimes.com/news/the-people-report/ex-puma-head-rajiv-mehta-joins-stovekraft-as-ceo/71684353 |work=ETBrandEquity.com |language=en}}</ref>

The company launched its [[initial public offering]] (IPO) in January 2021, raising more than {{INRconvert|412|c}}.<ref>{{cite news |title=Stove Kraft IPO to open next week, price band fixed at ₹384-385 a share |url=https://www.livemint.com/market/ipo/stove-kraft-ipo-to-open-next-week-price-band-fixed-at-rs-384-385-a-share-11611223207686.html |access-date=16 March 2021 |work=mint |date=21 January 2021 |language=en}}</ref> The company was listed on the NSE and BSE on 5 February 2021, debuts at 29% premium over issue price.<ref>{{cite news |title=Stove Kraft share lists at 21% premium to IPO issue price |url=https://www.businesstoday.in/markets/company-stock/stove-kraft-share-listing-premium--ipo-issue-price/story/430380.html |access-date=16 March 2021 |work=www.businesstoday.in}}</ref>

==References==
{{Reflist}}

[[Category:Manufacturing companies based in Bangalore]]
[[Category:Indian companies established in 1999]]
[[Category:Indian brands]]
[[Category:Cooking appliance brands]]
[[Category:1999 establishments in Karnataka]]
[[Category:Manufacturing companies established in 1999]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Stovekraft - Revision history

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