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Draft:Sheela Foam

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Sheela Foam Limited
Company typePublic
BSE: 540203, NSE: SHEELAFOAM
IndustryManufacturing
Founded1971
FounderSheela Gautam
Headquarters
Noida, Uttar Pradesh
,
India
ProductsMattresses, Foam products, Home comfort solutions
BrandsSleepwell, Kurl-On, Furlenco
SubsidiariesJoyce Foam Pty Ltd, Interplasp S.L.U., STAQO Technologies
Websitehttps://www.sheelafoam.com

Sheela Foam Limited (SFL) is an Indian multinational company that manufactures and supplies polyurethane foam mattresses and related comfort products. Sheela Foam operates across India, Australia, and Europe, with 22 manufacturing facilities in these regions.[1][2][3]

History

[edit]

Sheela Foam was established by Indian politician and entrepreneur Sheela Gautam in 1971 in Sahibabad, Uttar Pradesh, focusing initially on polyurethane foam production.[4][5][6] In 1994, the company launched its flagship brand, Sleepwell,[7] which became a major mattress brand in India.[4][8][9] In 1995, Sheela Foam introduced specialized foam products for the automotive and healthcare industries.[4]

Between 1998 and 1999, the company introduced rubberized coir products Starlite and collaborated with Serta (USA), and Dunlopillo (UK), for mattress production.[10] From 2001 to 2003, Sheela Foam established a polyurethane foam-producing plant in Greater Noida and expanded operations to Rajpura, Punjab, and Sikkim.[11][12] In 2005, Sheela Foam made its first global acquisition by purchasing Joyce Foam, an Australian polyurethane foam manufacturer.[13] Between 2008 and 2010, Sheela Foam received multiple CIO 100 Awards for IT excellence.[14]

In 2016, the company was listed on the Bombay Stock Exchange (BSE)[15][16] and National Stock Exchange (NSE).[17][18] In 2017, the company received the PU Tech Innovation Award for its vertical variable pressure foaming technology.[19] In 2018, Sheela Foam`s corporate office in Noida received Platinum LEED Certification for sustainability. The same year, Sheela Foam was named Business Standard Star SME of the Year.[20][21]

In 2019, Sheela Foam entered the European market by acquiring Interplasp S.L.U., a Spanish polyether foam manufacturer.[22][23] In 2021, the company received the India Manufacturing Excellence Award for its PU foam manufacturing.[24] In 2023, Sheela Foam acquired Kurl-On, an Indian rubberized coir mattress manufacturer,[25][26] and invested in Furlenco, an online furniture rental company.[27]

Sheela Foam is a member of the Indian Sleep Products Federation (ISPF)[28] and the Indian Polyurethane Association (IPUA).[29]

Operations

[edit]

The company’s brands and subsidiaries include Sleepwell, the Indian mattress and home comfort brand; Kurl-On, which specializes in rubberized coir mattresses; and Furlenco, an online furniture and home decor provider. Globally, Sheela Foam owns Joyce Foam Pty Ltd in Australia, a polyurethane foam manufacturer, and Interplasp S.L.U., a Spanish polyether foam producer.[4][30][31]

Sheela Foam invests in digital transformation through its subsidiary, STAQO Technologies. This subsidiary develops enterprise technologies, automation, and digital workflow optimization for manufacturing and retail operations.[32][33] The company carries out corporate social responsibility (CSR) initiatives under the Sleepwell Foundation. In June 2020, Sleepwell partnered with the Indian government to donate 10,000 bedding units—including mattresses, pillows, and beds—for COVID-19 relief efforts.[34]

Research and development

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Sheela Foam developed Variable Pressure Foaming (VPF) technology, a manufacturing process that eliminates harmful emissions.[35][36][37] The company also collaborated with RMIT University, Australia, to create Pro Nexa Technology, which improves pressure relief and body support compared to conventional memory foam.[38]

The company introduced the Sleepwell Tarang Mattress, designed as an affordable alternative to traditional cotton mattresses,[39] and the Sleepwell Pro FitRest Mattress, which is recommended by the Indian Association of Physiotherapists for muscle recovery.[40][41] The Sleepwell Pro Spinetech Mattress, developed in collaboration with the Indian Academy of Orthopaedic Surgeons, is designed to supports spinal health.[42][43]

References

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  1. ^ "Sheela Foam Ltd Share Price". Business Today. Retrieved 4 July 2025.
  2. ^ "Sheela Foam Limited". MarketScreener India. Retrieved 4 July 2025.
  3. ^ "Sheela Foam Ltd". Financial Times. Retrieved 26 June 2025.
  4. ^ a b c d "Exploring a Five-Decade-Old Company That Transformed the Way People Sleep in India". Fundamentally strong companies. 19 May 2024. Retrieved 4 July 2025.
  5. ^ "Sheela Gautam - Founder & Chairperson at Sheela Foam Ltd". Retrieved 4 July 2025.
  6. ^ "Rahul Gautam, Chair and Managing Director of Sheela Foam". The CEO Magazine. Retrieved 4 July 2025.
  7. ^ Brands and Their Companies. Gale Research. 2000. ISBN 978-0-7876-3323-3.
  8. ^ "Sheela Foam". India Today. 34 (36). 2009 – via University of Virginia.
  9. ^ Anderson, Ethan D. (1 January 2023). Sleep Well Tonight: Your Guide to Overcoming Insomnia. BornIncredible.com. ISBN 978-1-77696-899-2.
  10. ^ "Sheela Foam- Powering Comfort and Growth Through Strategic Acquisitions". ValuePickr. 14 June 2024. Retrieved 4 July 2025.
  11. ^ "Polyurethane (PU) Foam manufacturing in India". ElectroMech. Retrieved 4 July 2025.
  12. ^ "Sheela Foam Limited - Manufacturer from Noida, India". indiamart.com. Retrieved 4 July 2025.
  13. ^ Mahanta, Vinod (28 July 2006). "Big dreams are made of these". The Economic Times. ISSN 0013-0389. Retrieved 4 July 2025.
  14. ^ "CIO 100 Award". CIO. Retrieved 4 July 2025.
  15. ^ "Sheela Foam Ltd". m.bseindia.com. Archived from the original on 18 January 2022. Retrieved 4 July 2025.
  16. ^ "Sheela Foam stock price tanks 9% on weak Q1FY25 operational performance". Business Standard. 5 August 2024. Retrieved 25 June 2025.
  17. ^ Jain, Vrathik (28 November 2024). "Stock Market Today: All You Need To Know Going Into Trade On Nov. 28". NDTV Profit. Retrieved 4 July 2025.
  18. ^ "Investors Appear Satisfied With Sheela Foam Limited's (NSE:SFL) Prospects". simplywall.st. 15 January 2025. Retrieved 4 July 2025.
  19. ^ "Sheela Foam Ltd" (PDF). valoremadvisors.com. Retrieved 25 June 2025.
  20. ^ "Sheela Foam Limited has been awarded as "Star SME of the year" by Business Standard" (PDF). sheelafoam.com. 3 April 2018. Archived from the original (PDF) on 12 August 2022. Retrieved 25 June 2025.
  21. ^ "History of Sheela Foam Ltd., Company". Goodreturn. Retrieved 4 July 2025.
  22. ^ "Sheela Foam set to acquire Spanish firm Interplasp". Dalal Street Investment Journal. Retrieved 4 July 2025.
  23. ^ "Sleepwell mattress maker Sheela Foam to acquire Spanish firm Interplasp". VCCircle. Retrieved 4 July 2025.
  24. ^ "Sheela Foam's Rahul Gautam Recognized Among '100 Great IITians' For Nation-Building Legacy". infashionbusiness.com. Retrieved 4 July 2025.
  25. ^ "India's Sheela Foam to buy mattress maker Kurlon for $262 mln". Reuters. 17 July 2023. Retrieved 4 July 2025.
  26. ^ Jain, Aniruddha (18 August 2023). "Sheela Foam strategic acquisitions to firm its hold in India". Retrieved 4 July 2025.
  27. ^ "The Morning Context: Internet, Business, Chaos". The Morning Context. Retrieved 4 July 2025.
  28. ^ "Indian Sleep Products Federation". ISPF. Retrieved 25 June 2025.
  29. ^ "Sheela Foam Appoints Rahul Gautam as Chairman and Tushaar Gautam as MD". boardstewardship.com. Retrieved 4 July 2025.
  30. ^ Jain, Aniruddha (18 August 2023). "Sheela Foam strategic acquisitions to firm its hold in India". Retrieved 4 July 2025.
  31. ^ Sreedhar, Vidya (17 July 2023). "Sleepwell parent to acquire Kurl-On and Furlenco for Rs 2,035 crore". The Economic Times. ISSN 0013-0389. Retrieved 4 July 2025.
  32. ^ "Sheela Foam Limited completed the acquisition of Staqo World Private limited for INR 0.07 million". MarketScreener. 26 March 2020. Retrieved 4 July 2025.
  33. ^ "Staqo World Technologies". hidubai.com. Retrieved 4 July 2025.
  34. ^ "CSR News: Sleepwell donates 10,000 bedding units to support the nation in its fight against COVID-19". The CSR Journal. 24 June 2020. Retrieved 4 July 2025.
  35. ^ Singh, Vratika; Gopalasamudram, Mahesh N; Maitra, Jaya (1 March 2025). "Investigating the physico-mechanical and thermal properties of flexible polyurethane foams made with standard and special polyols produced by the variable pressure foaming technique". Journal of Cellular Plastics. 61 (2): 81–102. doi:10.1177/0021955X251314036. ISSN 0021-955X.
  36. ^ "Interplasp - Flexible polyurethane foam manufacturers". Interplasp. Retrieved 4 July 2025.
  37. ^ "VPF Variable Pressure Foaming - FXI Innovations". lcsg.foamex.com. Retrieved 4 July 2025.
  38. ^ "Pro Nexa Luxury Mattress". Sleepwell. Retrieved 4 July 2025.
  39. ^ "Which mattress brand is best in India? Comparing Wakefit, Duroflex, and Sleepwell". The Tribune. Retrieved 4 July 2025.
  40. ^ "Why sleep matters for women's health: the role of healthy sleep mattresses". Business Standard. 14 January 2025.
  41. ^ "Introducing Sleepwell Pro FitRest Mattress With 25 Years Warranty". mysleepwell.com. Retrieved 4 July 2025.
  42. ^ Jamwal, Shivangi (13 February 2025). "Best Mattresses For Back Pain: Sleep Properly & Say Goodbye To Pain - The Times Reviews". The Times of India. Retrieved 4 July 2025.
  43. ^ Kirtonia, Dev (7 January 2025). "How Sleepwell Pro Spinetech Luxury mattress supports your spine for healthier sleep". Dev Library. Retrieved 4 July 2025.

Category:Companies based in Uttar Pradesh Category:Indian brands Category:Indian companies established in 1971 Category:Manufacturing companies of India Category:Multinational companies headquartered in India Category:Companies listed on the Bombay Stock Exchange Category:Companies listed on the National Stock Exchange of India Category:Furniture retailers of India

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