Sheela Foam, India's leading manufacturer of Polyurethane foam and an ISO 9001 certified company, marked its 50th anniversary yesterday. A brand that was started as a dream to make India sleep well by Smt. Sheela Gautam, has today become the torchbearer for promoting public awareness on the importance of quality sleep for good health and wellbeing.
Commenting on this milestone, Mr. Rahul Gautam, Managing Director, Sheela Foam Ltd. said, "For the past 50 years, Sheela Foam has been bringing healthy comfort to your lives. Your patronage has helped us create brands like Sleepwell, with operations across India, Australia and Spain. We thank you for this privilege and the trust placed in us. We look forward to contributing to your wellbeing for generations to come."
50 years ago in 1971 , Sheela Foam started by setting up operations in Noida. It entered a rapid phase of expansion in 1993 when it launched its flagship consumer facing brand- Sleepwell followed by an incredible journey of acquiring and building new plants, channel partners, and entering into key strategic global tie-ups for manufacturing of mattresses and foams . Today, it is a ranked as the largest selling Polyurethane (PU) Foam in the country.
The winning brands of Sheela Group include-
Sleepwell - the flagship brand for mattresses and comfort accessories
Feather foam - a pure PU foam
Lamiflex - a superior quality polyether/polyester foam for lamination
Shares of Sheela Foam Ltd was last trading in BSE at Rs.2210.5 as compared to the previous close of Rs. 2196.8. The total number of shares traded during the day was 916 in over 231 trades.
The stock hit an intraday high of Rs. 2221.15 and intraday low of 2148.2. The net turnover during the day was Rs. 2003192.