Archive · 30 Nov 2025
Furlenco Achieves First Profit, Eyes Debt-Free Future
Furlenco, a company that rents out furniture, made a profit for the first time in FY25.
Their CEO, Ajith Mohan Karimpana, said they plan to be debt-free in 2-3 years and fund their own projects.
They make their own furniture, which saves money and makes the business more profitable.
They also work with Sheela Foam, who helps with distribution and provides materials at cost price.
Furlenco is focusing on expanding their manufacturing and distribution to reach higher profit margins.
They are also exploring new segments like kids' furniture, which is perfect for rental because it is used for a short time but costs a lot upfront.
Furlenco posted its first-ever profit of Rs 3.1 crore on revenue of Rs 240 crore in FY25.
The company aims to be debt-free and self-funding for capital expenditures in 2-3 years.
Furlenco is focusing on in-house manufacturing and design to achieve 20% profit margins.
Sheela Foam, a major shareholder, provides materials at cost price and supports distribution through its dealer network.
The company is exploring new segments like kids' furniture, which is ideal for rental due to its short usability window and high upfront cost.
- Who
- Furlenco, a furniture rental company backed by Sheela Foam
- What
- Achieved first-ever profit and plans to be debt-free in 2-3 years
- When
- FY25 (first profit), aiming for FY28 for debt-free status
- Where
- India, with a focus on expanding in-house manufacturing and distribution
- Why
- To achieve high margins and sustainable growth through operational efficiency and strategic partnerships
- Company
- Furlenco
- Revenue (FY25)
- Rs 240 crore
- Profit (FY25)
- Rs 3.1 crore
- Expected Revenue (FY26)
- Rs 340 crore
- Expected Profit (FY26)
- 10% before tax
- Major Shareholder
- Sheela Foam (44.6%)
- Manufacturing Focus
- In-house design and production
- Target Margins
- 20%