Stovekraft
This article reads like a press release or a news article and is largely based on routine coverage or sensationalism. (December 2020) |
Type | Public |
---|---|
NSE: STOVEKRAFT BSE: 543260 | |
Founded | 1999 |
Founder | Rajendra Gandhi |
Headquarters | , India |
Key people | Rajendra Gandhi (Chairman & MD) Neha Gandhi (Director)[1] Rajiv Mehta (CEO)[2] |
Products | Kitchen appliances, cookware |
Revenue | ₹858.95 crore (US$110 million) (FY 2021)[3] |
Website | www |
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 mixer grinders, pressure cookers, cooktops, toasters, chimneys and kitchen utensils.[4][5] It sells its products in 23 states in India and 12 countries overseas.[6][7]
History[]
Stovekraft operates two manufacturing plant in India including Bangalore, Karnataka, and Baddi, Himachal Pradesh.[8] Around 80 percent of Stovekraft's employees reportedly are women.[9]
In 2017, Stovekraft entered a licensing agreement with American home appliances manufacturer Black+Decker to sell the latter's products in the Indian market.[10][11]
In 2019, the company appointed Rajiv Mehta, the former MD of Puma, as its CEO.[12]
The company launched its initial public offering (IPO) in January 2021, raising more than ₹412 crore (US$55 million).[13] The company was listed on the NSE and BSE on 5 February 2021, debuts at 29% premium over issue price.[14]
References[]
- ^ "Fast Forward". Business Today. Retrieved 16 June 2020.
- ^ "Ex-Puma India head now CEO of Stovekraft". Times of India. Retrieved 16 June 2020.
- ^ https://www.moneycontrol.com/livefeed_pdf/Jul2021/ceb4c267-ef79-40cc-b94a-e8c7e13aa5ba.pdf
- ^ "IPO-bound Stovekraft looks to expand international presence". Moneycontrol. Retrieved 16 June 2020.
- ^ "Stovekraft prepares for IPO before the end of 2019". The Hindu. The Hindu. 20 April 2019.
- ^ "Sequoia-backed kitchen appliance maker Stovekraft files for ₹500 crore IPO". Livemint. Retrieved 16 June 2020.
- ^ "Stove Kraft gets Sebi's go-ahead to launch IPO". Outlook. Retrieved 16 June 2020.
- ^ Sriram, M. (2020-02-04). "Sequoia-backed kitchen appliance maker Stovekraft files for ₹500 crore IPO". mint. Retrieved 2020-11-05.
- ^ "This Kitchen Appliance Company is Just a Step Away from Going Public". Entrepreneur. Retrieved 16 June 2020.
- ^ "Black & Decker inks licensing deal with Stovekraft". The Economic Times. Retrieved 16 June 2020.
- ^ "Stovekraft expand into premium small appliances with Black + Decker". The Economic Times. Retrieved 16 June 2020.
- ^ "Ex Puma head Rajiv Mehta joins StoveKraft as CEO - ET BrandEquity". ETBrandEquity.com.
- ^ "Stove Kraft IPO to open next week, price band fixed at ₹384-385 a share". mint. 21 January 2021. Retrieved 16 March 2021.
- ^ "Stove Kraft share lists at 21% premium to IPO issue price". www.businesstoday.in. Retrieved 16 March 2021.
- Manufacturing companies based in Bangalore
- Indian companies established in 1999
- Indian brands
- Cooking appliance brands
- 1999 establishments in Karnataka
- Manufacturing companies established in 1999
- Companies listed on the National Stock Exchange of India
- Companies listed on the Bombay Stock Exchange