When was Butterfly founded?

Butterfly was founded in 1986 and raised its 1st funding round 26 years after it was founded.

Where is Butterfly located?

Butterfly is headquartered in Chennai, India. It is registered at 143,PUDUPAKKAM VILLAGE KELAMBAKKAM, KANCHEEPURAM DIST, Tamil Nadu, India, 603103.

How many employees does Butterfly have?

As of Sep 30, 2026, the latest employee count at Butterfly is 1073.

Is Butterfly a funded company?

Butterfly is a funded company, having raised a total of $***** in its 1st and only funding round, a Post IPO round on May 29, 2012.

How much is Butterfly worth?

The last known valuation of Butterfly was $***** as of Feb 22, 2022.

When was the latest funding round of Butterfly?

Butterfly's latest funding was a $***** Post IPO round on May 29, 2012, with participation from 1 investor. Its primary sector is Household Durables. In India, the Household Durables sector has seen $66.9M in funding in 2026 to date.

What is the annual revenue of Butterfly?

Annual revenue of Butterfly is between ₹500 Cr and ₹1,000 Cr as on Mar 31, 2026

Where does Butterfly rank among its competitors?

Butterfly ranks 4th amongst 45 active competitors, of which 3 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Beyond Appliances, which secured $11.4M in Oct, 2026.

Who are the top competitors of Butterfly?

Butterfly's top competitors include Stovekraft, Beyond Appliances and Elica. Among them, Beyond Appliances secured the most recent funding round in October, 2026.

Butterfly - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Butterfly an acquired company?

Butterfly got acquired by Crompton on Feb 22, 2022.

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 **********
Part Of
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

Post IPO, May 29, 2012, $*****

Last Known Valuation

$***** as on Feb 22, 2022

Investors

Reliance Capital & 2 more

Ranked

4^th among 45 active competitors

Annual Revenue

₹500 - ₹1,000 Cr as on Mar 31, 2026

Employee Count

1,073 as on Sep 30, 2026

Similar Companies

Stovekraft & 328 more

Exit Details

Acquired by Crompton (Feb 22, 2022)

View Butterfly's full profile

Butterfly is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
Ainova Ventures Llp CIN: AAJ-1136 , India, Active	Apr 10, 2017	0 - ₹10 Cr (As on Mar 31, 2023)	-
NEVER B4 INNOVATIONS AND TECHNOLOGY INDIA LLP CIN: AAL-0386 , India, Strike off	Nov 03, 2017	0 - ₹10 Cr (As on Mar 31, 2019)	-
BUTTERFLI LTD CIN: 12876179 , United Kingdom, Deadpooled	Sep 12, 2020	-	2 (As on Sep 30, 2021)
SWAMINATHAN ENTERPRISES PRIVATE LIMITED CIN: U29309TN2004PTC053488 , India, Active	Jun 16, 2004	₹50 - ₹100 Cr (As on Mar 31, 2025)	-
BUTTERFLY GANDHIMATHI APPLIANCES LIMITED CIN: L28931TN1986PLC012728 , India, Active	Feb 24, 1986	₹500 - ₹1,000 Cr (As on Mar 31, 2026)	1115 (As on Nov 30, 2024)

Butterfly got acquired by Crompton on Feb 22, 2022 at an acquisition amount of $*****.

Click here to take a look at Butterfly's acquisition in detail

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	5005096	Post IPO	2225943	6650163	9944884	3404566

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View details of Butterfly's funding rounds and investors

The 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 1,073 employees as of Sep 26. Here is Butterfly's employee count trend over the years:

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Top competitors of Butterfly include Stovekraft, Beyond Appliances and Elica. Here is the list of Top 10 competitors of Butterfly, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Stovekraft 1994, Bengaluru (India), Public	Manufacturer of kitchen and home appliances	$56.9M	Peak XV Partners, SIDBI Venture Capital & 9 others	68/100
2nd	Beyond Appliances 2024, Bengaluru (India), Series B	Manufacturer of smart kitchen appliances including chimneys and gas cooktops	$17.9M	Fireside Ventures, Stride Ventures & 18 others	67/100
3rd	Elica 2010, Pune (India), Acquired	Manufacturer of kitchen chimneys, built-in appliances, and cooktops	-	Brand Capital	59/100
4th	Butterfly 1986, Chennai (India), Acquired	Home and Kitchen Appliances	-	Reliance Capital, Swanlaab Venture Factory ... & 1 others	56/100
5th	Greenchef 1999, Bengaluru (India), Public	Internet first brand offering kitchen appliances	$721K	Fly High Exports, Runicha Merchants & 29 others	54/100
6th	EDT 2025, Mumbai (India), Seed	Manufacturer of kitchen appliances including air fryers and electric kettles	$3.8M	Sauce, DSP Mutual Fund & 29 others	54/100
7th	Glen India 1999, Delhi (India), Unfunded	Internet first brand of kitchen appliances	-	-	49/100
8th	TTK Prestige 1928, Bengaluru (India), Public	Brand of cookware and home appliances	-	Nalanda Capital, MCap Fund Advisors & 1 others	46/100
9th	Cookwell 2019, Thane (India), Unfunded	Retailer of kitchenware, cookware, bakeware, food storage, and kitchen tools	-	-	42/100
10th	Preethi 1978, Chennai (India), Unfunded	Manufacturer of kitchen appliances	-	-	40/100

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BUTTERFLY GANDHIMATHI APPLIANCES LIMITED, the legal entity associated with Butterfly, generated between ₹500 Cr and ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of BUTTERFLY GANDHIMATHI APPLIANCES LIMITED has a compounded annual growth rate (CAGR) of 9% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	8046	5493	6778	8462	7073
Total Sales	9418	2155	5755	1255	2503
Total Expenses	1468	1594	7103	3205	1212
Operating Expenses	6422	3930	2369	7594	5104
Employee Expenses	5503	8534	2358	6172	7325
Marketing Expenses	1850	6310	9537	3923	9409
Operating Income (EBIT)	5048	2801	9914	1726	9975
Interest Expenses	3682	9208	9454	1447	9157
Expenses from other activities	8509	5763	6935	6586	4645
EBITDA	8884	2901	2036	4494	7382
Taxes	8903	8333	1858	4730	7838
Net Profit	3024	1547	8501	1914	5985
Balance Sheet
Assets	3970	4910	3080	4041	1619
Cash Equivalent	3633	5725	3508	5116	3986
Accounts Receivables	9163	1514	4342	3780	5222
Inventory	5732	9286	4722	7964	5623
Liabilities	8777	2437	8186	9434	7118
Total Debt	2172	3918	1324	3651	1751
Accounts Payable	3956	9741	8284	7859	5396
Equities	6488	1144	4039	4868	6088
Cashflow Statement
Cash from Operating activities	4500	7004	5941	7370	9781
Cash from Investing activities	6935	7284	2043	8767	1787
Net cash from Financing activities	7002	6453	2483	5995	3429