Magenta Lifecare Ltd - Stock Valuation and Financial Performance

The company was originally incorporated as ‘Magenta Lifecare Private Limited’ as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated August 04, 2015, issued by the Assistant Registrar of Companies, Gujarat. Subsequently, upon the conversion of the company into a public limited company, pursuant to a special resolution passed by its shareholders on June 19, 2023, the name of the company was changed to ‘Magenta Lifecare Limited’ and a fresh certificate of incorporation dated July 05, 2023 was issued by the Registrar of Companies, Ahmedabad. 

Magenta Lifecare is manufacturer of foam-based product such as mattresses and pillows which is marketed under its brand ‘Magenta’ in India. Its Product offerings include wide range of mattresses such as memory foam, latex based, bonded mattresses, pocketed spring etc. and pillows such as memory foam pillow, molded memory foam pillow, molded contour foam pillow etc. Its success is attributable to the quality of products that it offers to its customers, spread across retail, hotels and institutions. Driven by innovation, it strives to introduce new and innovative products on a continuous basis with the help of its team. Further, it is also supplying processed raw foam and adjustable bed frame (hydraulic bed) which it imports under its brand Magenta.

The company’s product offering is across the section of the society from value-added product to premium segment. Its thoughtfully-designed products provide comfort, with ergonomic design, thermal comfort, pressure relief, motion isolation, easy position realignment, and long-term durability. Its products are designed to support, comfort, and cool the body, leading to better-quality sleep. It offers mattresses with the diverse customization options in terms of fabric, shape, firmness, material, height, foam type & density, personalization, utility and structure. It has developed distributor and dealer/retailer network across multiple states in India. It sells its products through offline channel of multi brand outlet and through a network of dealers and also through online e-commerce platform. 

Business area of the company

The company is majorly engaged in manufacturing of mattresses and pillows for its customers spread across retail, hotels and institutions.

Key events:

• 2015: Incorporation of the Company in the name and style of ‘Magenta Lifecare Private Limited’.
• 2023: Converted into Public Limited Company vide fresh certificate of incorporation dated July 05, 2023.