Butterfly - About the company
Butterfly is an acquired company based in Chennai (India), founded in 1986 by Murugesa Chettiar. It operates as a Home and Kitchen Appliances. Butterfly has raised an undisclosed amount in funding, with last known valuation of $*****. The company has 119 active competitors, including 5 funded and 16 that have exited. Its top competitors include companies like V-Guard Industries, RR Kabel and Godrej.
Company Details
Butterfly is a premium stainless steel home appliances brand. Company was the first in India to introduce Stainless Steel Pressure Cookers and Vacuum Flasks. Product range includes a comprehensive range of home appliances, kitchen products and cookware. Company has four manufacturing units, in-house design facilities and R&D unit. Butterfly products are also exported to the United Kingdom, Canada, Australia, Japan, Middle East and the East Asian Countries, among others. Reliance Equity Advisors invested Rs 100 crore in 2012.
- Website
- butterflyindia.com
- Social
- Email ID
- *****@butterflyindia.com
- Phone Number
- +91 **********
- Registered Address
- 143,PUDUPAKKAM VILLAGE KELAMBAKKAM, KANCHEEPURAM DIST, Tamil Nadu, India, 603103
Key Metrics
Founded Year
1986
Location
Chennai, India
Stage
Acquired
Latest Funding Round
Last Known Valuation
$***** as on Feb 22, 2022
Investors
Ranked
11th among 119 active competitors
Annual Revenue
₹871Cr as on Mar 31, 2025
Employee Count
971 as on Sep 04, 2025
Similar Companies
Exit Details
Acquired by Crompton (Feb 22, 2022)
Legal entities associated with Butterfly
Butterfly is associated with 5 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Never B4 Innovations And Technology Indi CIN: AAL-0386 , India, Active | Nov 03, 2017 | - | - | |
SWAMINATHAN ENTERPRISES PRIVATE LIMITED CIN: U29309TN2004PTC053488 , India, Active | Jun 16, 2004 | $6.47M (As on Mar 31, 2025) | - | |
Ainova Ventures Llp CIN: AAJ-1136 , India, Active | Apr 10, 2017 | - | - | |
BUTTERFLI LTD CIN: 12876179 , United Kingdom, Active | Sep 12, 2020 | - | 2 (As on Sep 30, 2021) | |
Butterfly Gandhimathi Appliances Ltd CIN: L28931TN1986PLC012728 , India, Active | Feb 24, 1986 | $103M (As on Mar 31, 2025) | 1115 (As on Nov 30, 2024) |
Butterfly's acquisition details
Butterfly got acquired by Crompton on Feb 22, 2022 at an acquisition amount of $184M. It was facilitated by Kotak Mahindra Bank and Khaitan.
Click here to take a look at Butterfly's acquisition in detail
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Butterfly's funding and investors
Butterfly has raised funding over 1 round. Its latest funding round was a Post IPO round on May 29, 2012 for $*****. 1 investor participated in its latest round. Butterfly has 3 institutional investors.
Here is the list of recent funding rounds of Butterfly:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 29, 2012 | 7548465 | Post IPO | 7344468 | 1924438 | 5225461 | 1512257 |
Access funding benchmarks and valuations. Sign up today!View details of Butterfly's funding rounds and investors
Butterfly's founders and board of directors
Founder? Claim ProfileThe founders of Butterfly is Murugesa Chettiar. Prakash Iyer is the CEO of Butterfly.
Here are the details of Butterfly's key team members:
- Murugesa Chettiar: Founder of Butterfly.
- Prakash Iyer: CEO of Butterfly.
View details of Butterfly's Founder profiles and Board Members
Butterfly's employee count trend
Butterfly has 971 employees as of Sep 25. Here is Butterfly's employee count trend over the years:
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Butterfly's Competitors and alternates
Top competitors of Butterfly include V-Guard Industries, RR Kabel and Godrej. Here is the list of Top 10 competitors of Butterfly, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  V-Guard Industries 1977, Kochi (India), Public | Electric home appliances brand | - | 67/100 | |
2nd | Manufacturer of wires, cables, and consumer electrical products | $85.4M | 61/100 | ||
3rd | Traditional conglomerate with a diverse business portfolio | - | 61/100 | ||
4th | Contact Philips 1930, Gurugram (India), Public | Retailer of personal care, mother and child care, and healthcare products | - | 56/100 | |
5th | Epack Durable 2019, Noida (India), Public | Online platform for OEM/ODM manufacturing of air‑conditioning and home appliances | $61.7M | 53/100 | |
6th | Bajaj Electricals 1938, Mumbai (India), Public | Manufacturer & brand of household durables | - | 52/100 | |
7th |  Hindware Home Innovation 1960, Gurugram (India), Public | Manufacturer and supplier of sanitaryware products and bathroom fittings | - | 52/100 | |
8th | Manufacturer of televisions and home appliances | - | - | 50/100 | |
9th | GM Modular 2000, Mumbai (India), Early Stage | Manufacturer of switches, home automation systems, lighting, and electrical products | $73.3K | - | 49/100 |
10th | Manufacturer of electrical and telecommunication cables | - | 49/100 | ||
11th | Home and Kitchen Appliances | - | 48/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Butterfly's competitors? Click here to see the top ones
Butterfly's Investments and acquisitions
Butterfly has made no investments or acquisitions yet.
News related to Butterfly
Filter this listMedia has covered Butterfly for 1 event in last 1 year, It was about company updates.
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Butterfly Unveils a Bold New Identity That Celebrates Change and champions the original youAsian News International•Jun 23, 2025•Butterfly
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Butterfly’s merger with parent Crompton Greaves fails to gain nodLivemint•Oct 31, 2024•Butterfly, Crompton
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Platinum Equity and Butterfly to Acquire Rise Baking CompanyPerishableNews.com•Sep 18, 2024•Rise Baking Company, Butterfly, Platinum Equity, Butterfly Equity
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Butterfly Gandhimathi Appliances Q1 Results Live : profit falls by 82.9% YOYLivemint•Jul 26, 2024•Butterfly
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Butterfly Gandhimathi Appliances Ltd. Appoints Swetha Sagar as its Manager & Chief Business OfficerAsian News International•Jun 17, 2024•Butterfly
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Butterfly's merger with parent Crompton Greaves fails to gain nodLivemint•Nov 01, 2023•Butterfly, Crompton
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Butterfly Gandhimathi Appliances Q2 FY24 results: profit falls by 41.94% YOYLivemint•Oct 22, 2023•Butterfly
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Butterfly Gandhimathi Appliances Ltd. announces its results for Q1 FY24Asian News International•Aug 02, 2023•Butterfly
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