Bhubaneswar: Shree Malani Foams Pvt.

Limited (SMFPL) – part of Shree Malani Group, one

of India’s leading players in the Comfort and Bedding Industrie, has announced the start of
the construction of its manufacturing facility at Khurdha, Bhubaneswar. With a capacity to
manufacture 6,000 Tonnes of PU (polyurethane) Foam, this will be Shree Malani Foams’ first
plant outside its home state Telangana. The total manufacturing capacity of Shree Malani
foams will reach 15000 Tonnes once the new plant becomes fully operational by Q4 2020.

Spread across on an area of 18.5 acres, the new state-of-the-art plant at Khurdha will have
cutting-edge machinery imported from Germany. With an investment of INR 55 Crores, the
plant will create an opportunity for direct employment of 150 people and 500 for indirect
employment. As per industry estimates, the market size of flexible PU Foam in India is
pegged at INR 3,000 Crores and SMFPL currently holds around 10% with a plan to capture
additional 5% within next 3 years.

While commenting on the occasion Mr. Purshottam Malani, Chairman – Shree Malani Group
said, “This new manufacturing plant at Khurdha will further strengthen our market
positioning as it will help Shree Malani Group to increase its penetration not only across
Odisha but also to eastern part of the country comprising of Chhattisgarh, Bihar, Jharkhand,
West Bengal, Sikkim, Assam, and other North-East states. Our foam business have been
growing at a CAGR of around 30% in the last 10 years and this plant will help us to augment
our growth as we aim to double our revenues in every 3 years.”

Currently, SMFPL is a major supplier of PU Foam to many industries including comfort &
bedding, as well as many other technical applications. PU Foam finds applications in many
spheres ranging from upholstered furniture, mattresses, footwear, automobiles, packaging,
etc. Shree Malani Group already operates a mattress manufacturing plant under its Centuary
brand which is one of the top mattresses in the country.