Stove Kraft is one of the largest Kitchen appliance suppliers in India. The company manufactures and sells kitchen solutions under the brand name of “Pigeon” and “Gilima” brands and planning to manufacture value, premium, and semi-premium kitchen supplies under the “Black + Decker” brand. Its product portfolio has 660+ kitchen solutions including cookware, cooking appliances, household utilities, and others. In 2019, it also started manufacturing Pigeon LED products.
The company has a strong distribution network as under the “Pigeon” brand, it has 651 distributors in 27 states and 5 union territories and 12 distributors for exports and under the “Gilima” brand, it has 65 stores across 4 states and 28 cities. It not just distribute its products in the Indian market but also export them to countries like the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, etc.
Stove Kraft has manufacturing facilities at Bengaluru (Karnataka) and Baddi (Himachal Pradesh). All Pigeon and Gilima branded appliances are manufactured at its Bengaluru unit and the Baddi facility focuses on Oil Company Business (OCB) to manufacture products like LPG stoves, inner lid cooker, etc.
|Particulars||For the year/period ended (₹ in million)|
|Profit After Tax||287.76||31.70||7.36||(120.18)|
Strengths of Company:
- A one stop shop for well recognized, award winning portfolio of kitchen solutions brands with a diverse range of products across consumer preference.
- Widespread, well connected distribution network with a presence across multiple retail channels and a dedicated after sales network
- Consistent focus on quality and innovation
- Professional management with successful track record and extensive experience in the kitchen solutions industry, and a young and dynamic workforce
Objects of the Issue:
To make the repayment or prepayment payment of the company’s borrowings fully or partially
To meet general corporate purposes.