IKEA is a globally renowned furniture retailer that has a presence in over 50 countries around the world. The company was founded in 1943 in Sweden by Ingvar Kamprad and has since become one of the most popular and recognizable furniture brands in the world. IKEA is known for its innovative and affordable furniture designs, as well as its commitment to sustainability and environmental responsibility.
IKEA entered the Indian market in 2018 with the opening of its first store in Hyderabad. Since then, the company has expanded its presence in the country with additional stores in Mumbai, Bangalore, and Pune. The company has also announced plans to open stores in Delhi, Kolkata, Chennai, and Ahmedabad in the coming years.
IKEA’s entry into the Indian market was met with much anticipation and excitement from Indian consumers. The company’s affordable prices and unique designs were seen as a welcome addition to the Indian furniture market, which had previously been dominated by local manufacturers and traditional designs.
One of the key factors that has contributed to IKEA’s success in India is its understanding of the unique needs and preferences of Indian consumers. The company has made a concerted effort to adapt its products and services to the Indian market, taking into account factors such as local tastes, cultural differences, and logistical challenges.
For example, IKEA has introduced a range of products that are specifically designed to meet the needs of Indian consumers, such as furniture that is more suited to smaller homes and apartments, as well as products that are more suited to the hot and humid Indian climate. The company has also introduced a number of initiatives aimed at making its products more accessible to Indian consumers, such as a furniture rental program and a mobile app that allows customers to shop online and track their orders.
In addition to its product offerings, IKEA has also made a significant commitment to sustainability and environmental responsibility in India. The company has introduced a number of initiatives aimed at reducing its environmental footprint, such as using renewable energy sources in its stores and warehouses, reducing plastic waste, and promoting sustainable forestry practices.
IKEA has also been actively involved in supporting local communities in India through a range of social initiatives. The company has partnered with local organizations to provide employment opportunities to disadvantaged groups, as well as supporting initiatives aimed at improving education and healthcare in local communities.
Despite its success in India, IKEA has faced a number of challenges in the country. One of the biggest challenges has been navigating the complex and bureaucratic regulatory environment in India, which has slowed down the company’s expansion plans and made it more difficult to do business in the country.
Another challenge has been the company’s struggle to adapt to local customs and practices. For example, IKEA’s traditional approach to shopping, which involves customers browsing through large showrooms and selecting items themselves, has been less successful in India, where many customers prefer to have more personalized assistance from sales staff.
Despite these challenges, however, IKEA remains committed to its long-term growth strategy in India. The company has announced plans to invest over Rs 10,500 crore in the country over the next few years, with a focus on expanding its retail presence and building local supply chains.
Overall, IKEA’s entry into the Indian market has been a success story, showcasing the company’s ability to adapt its products and services to meet the unique needs and preferences of local consumers. With its commitment to sustainability, social responsibility, and affordable pricing, IKEA is poised to continue its growth trajectory in India for many years to come.
IKEA is a Swedish-Dutch multinational conglomerate headquartered in the Netherlands that manufactures and sells ready-to-assemble furniture, kitchen appliances, decoration, home accessories, and a variety of other goods and services. IKEA, founded by Ingvar Kamprad in 1943, has been the world’s largest furniture retailer since 2008. The group is best known for its modernist designs for appliances and furniture, and its interior design work is frequently associated with simplicity. Furthermore, the company is known for its focus on cost control, operational details, and continuous product development, which has allowed IKEA to reduce its prices. IKEA operates 422 stores in 50 countries. All IKEA stores are operated under franchise from Inter IKEA Systems B.V., which handles branding, design, manufacturing, and supply within this structure. Ingka Group, another IKEA subsidiary, operates the majority of IKEA stores as a franchisee and pays royalties to Inter IKEA Systems B.V. Some IKEA locations are also run by independent franchisees. IKEA’s website contains approximately 12,000 products, and over 2.1 billion visitors visited IKEA’s websites in the year. The group accounts for about 1% of global commercial-product wood consumption, making it one of the largest wood users in the retail sector. IKEA claims to use 99.5% recycled or FSC-certified wood in its products.
IKEA opened its first store in India in Hyderabad in August 2018. Ingka Centres, IKEA’s malls division, announced in December 2021 that it would open two malls in India, Gurugram and Noida, anchored by IKEA stores, at a cost of around 9,000 crore (US$1.1 billion). Both shopping centres are scheduled to open in 2025. Ikea India Private Limited, a home furnishing store chain that is part of the Ingka Group, which also includes IKEA Retail and Ingka Investments, recently raised Rs 600 crore. Ingka Centres, a subsidiary of the Ingka Group, recently announced plans to invest nearly Rs 7500 crore in the development of two shopping malls in the National Capital Region. The funds raised will be used to fund the company’s investment in India. The Swedish retailer entered India in 2018 by opening a store in Hyderabad, and revenue has since surpassed rivals. In addition to Ingka Centres, IKEA has a separate plan for stand-alone store expansion. For the past 30 years, IKEA has been present in India, sourcing for its stores all over the world. IKEA currently has 48 suppliers in India, with approximately 45,000 direct employees and approximately 400,000 people in the extended supply chain.
IKEA Furniture Products
- Storage & organisation
- Furniture
- Sustainable living
- Product guides
- Storage & organisation
- Furniture
- Furniture
- Shop all
- Gaming furniture
- Sofas & Sofa-beds
- Furniture sets
- Beds
- Bookcases & shelving units
- Desks, Dining & other tables
- Cabinets & cupboards
- TV & media furniture
- Chest of drawers & drawer units
- Wardrobes
- Chairs
- Outdoor furniture
- Sideboards, buffets & console tables
- Children’s furniture
- Room dividers
- Trolleys
- Bar furniture
- Armchairs & chaise lounges
- Café furniture
- Nursery furniture
- Home Textiles
- Decoration
- Lighting
- Kitchen & appliances
- Smart Home
- Beds & mattresses
- Baby & children
- Bathroom products
- Outdoor products
- Working from home
- Carpets, mats & flooring
- Kitchenware & tableware
- Pots & plants
- Laundry & cleaning
- Home electronics
- Home improvement
IKEA Furniture Shops / Franchise
- IKEA Furniture Hyderabad: IKEA Store – HITEC City Raidurg, Serilingampally, Mandal, Survey no. 83/1, Plot No.25, 26, Part 29 Panmaqtha, Rangareddy, Hyderabad, 500032, Telangana, India.
- IKEA Furniture bangalore: IKEA Store – Nagasandra Manjunatha Nagar, Bagalakunte, Bengaluru, Karnataka 560073
- IKEA Furniture Mumbai: IKEA Store – Navi Mumbai Turbhe MIDC, Turbhe Navi Mumbai Maharashtra 400705
- IKEA Furniture Worli City Store: Unit-1 Level 0, Unit -2 Level 1, Unit -3 Level 2, Bldg #18 & #10 Trade View, Utopia City, Pandurang Budhkar Marg, near Kamala Mills Compound, Worli, Mumbai, Maharastra, 400013
- IKEA Furniture Store – R CITY R CITY Mall, 3rd and 4th Floor, North Wing T-28I and TF-1,146 CTS No. 166/1 to 23 off village Ghatkopar, LBS Marg, Mumbai, Maharashtra – 400086
Opening hours: 10 am – 10 pm
Contact Number: 1800 419 45 32
Buy IKEA Furniture Online
IKEA Furniture Can be purchased online through their website and other Ecommerce Marketplaces as listed below
- www.www.ikea.com/in/en/
- www.amazon.com
- www.watanz.com