Stove Kraft Limited

Popular for the Pigeon and Gilma brand, Stovekraft is a Bangalore-based kitchen appliances company founded in 1999. It is known for its pressure cookers, non-stick cookware, and cooking stoves, and also makes kitchen chimneys and food blenders among other kitchen utilities. Among Indian brands, it is the market leader in the cooktops (multi-burner stoves) and free-standing stoves categories with a market share of 25%* and 20.3%* respectively. The segment is expected to grow at 13.6%* CAGR in 2020-25. TTK Prestige and Hawkins corner about 48%* and 35%, respectively, of the pressure cooker market, which is set to grow at 7.4% CAGR in 2020-25. Pigeon is the third-largest player in the category, with a market share of 11.4%. It is also the third-largest player in the non-stick cookware space with a 18.9% market share, with TTK Prestige capturing 58.2%* of the segment. The non-stick cookware category is set to grow at nearly 10%* CAGR till 2025.