Sheela Foam Ltd., a pioneer in India's polyurethane foam industry, is renowned for its extensive product range in home comfort, technical, and institutional foam. It operates 16 manufacturing facilities across India, Australia, and Spain, and exports to over 20 countries. The company, founded in 1971, transformed into a public limited entity in 2016. It boasts a robust distribution network with over 1,800 branded outlets and approximately 13,323 dealers.
Sheela Foam has strategically expanded through mergers of similar business lines within its subsidiaries and associates. It launched an IPO in December 2016, enhancing its market presence. The company has diversified its offerings with economy and mid-level mattress models and partnerships like the 'Anmol Bandhan Scheme' for furniture foam sales. In 2019, it acquired Interplasp S.L. in Spain, broadening its European footprint, and in FY21, initiated a new plant in India under its subsidiary International Comfort Technologies. In 2022-23, it issued bonus shares in a 1:1 ratio.
