Latest news with #SheelaFoam
Mint
08-07-2025
- Business
- Mint
The Power of Purposeful Work: Rethinking Work in an Uncertain World
The global job market is facing disruption due to rapid technological shifts, geopolitical conflicts, and changing international alliances. These forces have made the employment landscape increasingly volatile and unpredictable, prompting professionals to rethink their purpose in the workforce. Amid this uncertainty, employee insecurity is rising sharply. Only 14% of Indian employees say they are 'thriving', compared to 34% globally. While a staggering 86% report they are 'struggling' or 'suffering' at work, cited in theGallup State of the Global Workplace report. These figures reflect a growing disconnect between workplace conditions and an employee's sense of purpose in their professional journey. Shaili Tyagi, Chief Human Resource Officer at Sheela Foam, believes the disconnect between employees and their work often stems from a lack of clarity around its meaning. Many disengage simply because they don't see how their efforts contribute to the bigger picture. But when they understand the'why' behind their role, it sparks both purpose and ownership. 'Whether someone wants to specialize, shift functions, or lead differently, we must support them with clarity, mentorship, and opportunity. That's how you steward potential—not just manage performance,' she says. This emphasis on alignment and purpose is reflected in Michael Page'sTalent Trends India 2025 report, which highlights a clear shift in employee priorities. Today, workers are actively seeking value alignment, with 62% negotiating raises and 37% successfully securing them within their current roles—indicating that people are willing to stay when the workplace offers more than just compensation. Adding to the perspective, Richard Lobo, Chief People Officer at Tech Mahindra, underscores the need for hyper-personalized career journeys that empower self-driven exploration and foster cross-generational collaboration. This enables employees to thrive and learn from one another. To foster this at scale, Lobo believes in reimagining HR as both enabler and orchestrator. 'We've embraced a pod-based, collaborative HR model that dissolves silos and empowers cross-functional teams to co-create with business leaders—balancing decentralized decision-making with clear strategic alignment,' Lobo adds. However, aligning personal and organizational purposes is becoming increasingly complex, as both continue to evolve. Sandeep Girotra, Executive Director & CHRO at DCM Shriram, believes better outcomes are possible when individual roles connect with the organization's higher vision—and it begins with hiring the right people. 'It's not enough to hire or promote based solely on performance or technical fit. One must look for a strong value fit. Without it, results may come in the short term, but the core purpose gets diluted over time, leading to long-term damage,' he says. 'When the values align, give people the freedom to thrive. More often than not, they will exceed your expectations—and do it with purpose,' he adds. Balaji Ethirajan, CHRO at TVS Supply Chain, shares that long-term engagement stems from purpose congruence between employees and the organization. 'Things like trust, respect, and integrity are universal, and any well-managed company should reflect those. If there's value congruence, employees feel a sense of belonging. That's what leads to long-term engagement—not just compensation or titles,' he says. He adds that younger employees are often leading this shift, driven by a desire to contribute meaningfully to society. 'Good organizations know how to harness this, especially through CSR and volunteerism… It's about giving them the space to express their values while staying connected to the company's larger mission,' he says. While purposeful work may sound qualitative, its impact is quantifiable. A World Economic Forum report states that 63% of departures in 2024 were preventable, driven by factors such as career stagnation, poor work–life balance, and managerial shortcomings. Furthermore, early-stage attrition accounts for 40% of total turnover, representing high-cost exits with no return on investment. According to K.A. Narayan, President – HR at Raymond Group, defining organizational purpose is the first step in retention. 'It's what energizes employees beyond roles and paycheques,' he says. He emphasizes the need for better tools and leadership commitment. 'To align individual strengths and aspirations, companies often use psychometric tools, but behavioral event interviews are more effective. Managers must be trained to support risk-taking and learning from failure. The ideal state is when individual and organizational purposes align.' As the pursuit of purposeful work becomes both more vital and more challenging, it's clear that organizations must not only promote purpose—but measure and strengthen it meaningfully. With this in mind, Mint, in partnership with Deloitte, has launched Mint India's Iconic Workplaces—a workplace excellence certification that helps organizations understand where they truly stand, and how they can bridge the gap between individual purpose and organizational vision through deep, data-driven cultural insights. It's a chance to not only be recognized, but to truly reflect, reset, and rebuild with intention.
Business Standard
03-07-2025
- Business
- Business Standard
Sheela Foam CEO Nilesh Sevabrata Mazumdar resigns due to personal reasons
Sheela Foam announced that Nilesh Sevabrata Mazumdar has stepped down from the position of chief executive officer, citing personal reasons. The resignation came into effect on 1 July 2025. The companys consolidated net profit tumbled 66.7% to Rs 21.49 crore in Q4 FY25 as against Rs 64.62 crore posted in Q4 FY24. Net sales rose 0.5% year on year to Rs 849.60 in Q4 FY25. Sheela Foam is a leading player in Indias mattress and foam products industry and a leader in Polyurethane (PU) Foam. It has a nationwide presence in manufacturing PU Foam with a track record, since 1971. Shares of Sheela Foam shed 0.08% to Rs 711 on the BSE.
Business Standard
15-05-2025
- Business
- Business Standard
Sheela Foam consolidated net profit declines 66.74% in the March 2025 quarter
Sales rise 0.53% to Rs 849.60 crore Net profit of Sheela Foam declined 66.74% to Rs 21.49 crore in the quarter ended March 2025 as against Rs 64.62 crore during the previous quarter ended March 2024. Sales rose 0.53% to Rs 849.60 crore in the quarter ended March 2025 as against Rs 845.15 crore during the previous quarter ended March 2024. For the full year,net profit declined 47.33% to Rs 96.09 crore in the year ended March 2025 as against Rs 182.44 crore during the previous year ended March 2024. Sales rose 15.32% to Rs 3439.19 crore in the year ended March 2025 as against Rs 2982.31 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 849.60845.15 1 3439.192982.31 15 OPM % 3.889.53 - 7.2710.08 - PBDT 58.8490.23 -35 260.30349.02 -25 PBT 8.9648.89 -82 77.69233.23 -67 NP 21.4964.62 -67 96.09182.44 -47
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Business Standard
29-04-2025
- Business
- Business Standard
Duroflex to push ahead with IPO, eyes double-digit revenue growth
Indian mattress maker Duroflex is looking to go public in the next 18 months and is charting out plans to hit double-digit revenue growth in the next few years, its top boss told Reuters. The company, which competes with Sleepwell-owner Sheela Foam and Wakefit in the more than $2 billion mattress market, however, did not disclose how much it plans to raise or whether the listing would be a fresh issue or an offer for sale. "Markets are what the markets are. That's not something within our control ... Boringly consistent performance is generally what does the trick with the markets," Duroflex CEO Sridhar Balakrishnan said. Duroflex, founded about six decades ago in the south Indian state of Kerala, receives 85 per cent of its revenue from mattresses. It plans to double the contribution from other categories, including recliners and sofas, over five years. Global mattress sales have slowed since the height of the Covid-19 pandemic, when people splurged to upgrade their bedrooms, but analysts expect the focus on wellness to drive steady growth in the sector. For Duroflex, which owns the Sleepyhead brand, revenue would grow in the double-digit percentage range over the next three years, with profits rising faster, Balakrishnan said. The company posted sales of ₹1,001 crore ($117.53 million) and core earnings of ₹43,900 crore in fiscal 2024, data from business insights provider Tofler showed. In the latest financial year, Duroflex's revenue climbed in single-digit percentage range, Balakrishnan said, with core earnings jumping more than 50 per cent. The company also plans to open 20 to 25 stores to reach 100 locations by the year-end.
Reuters
29-04-2025
- Business
- Reuters
Indian mattress maker Duroflex to push ahead with IPO, eyes double-digit revenue growth
April 29 (Reuters) - Indian mattress maker Duroflex is looking to go public in the next 18 months and is charting out plans to hit double-digit revenue growth in the next few years, its top boss told Reuters. The company, which competes with Sleepwell-owner Sheela Foam ( opens new tab and Wakefit in the more than $2 billion mattress market, however, did not disclose how much it plans to raise or whether the listing would be a fresh issue or an offer for sale. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. "Markets are what the markets are. That's not something within our control ... Boringly consistent performance is generally what does the trick with the markets," Duroflex CEO Sridhar Balakrishnan said. Duroflex, founded about six decades ago in the south Indian state of Kerala, receives 85% of its revenue from mattresses. It plans to double the contribution from other categories, including recliners and sofas, over five years. Global mattress sales have slowed since the height of the COVID-19 pandemic, when people splurged to upgrade their bedrooms, but analysts expect the focus on wellness to drive steady growth in the sector. For Duroflex, which owns the Sleepyhead brand, revenue would grow in the double-digit percentage range over the next three years, with profits rising faster, Balakrishnan said. The company posted sales of 10.01 billion rupees ($117.53 million) and core earnings of 439 million rupees in fiscal 2024, data from business insights provider Tofler showed. In the latest financial year, Duroflex's revenue climbed in single-digit percentage range, Balakrishnan said, with core earnings jumping more than 50%. The company also plans to open 20 to 25 stores to reach 100 locations by the year-end. ($1 = 85.1700 Indian rupees)
