City-based firm Repose Mattress Pvt Ltd has set up a plant at Chakan near Pune to cater to the Western India market, which would become operational by the middle of next month, a senior company official said.
The 10,000 square feet factory, set up at an investment of Rs 10 crore, would have a production capacity of 2,000 mattresses per month and initially cater to Mumbai and Pune, the company CEO S Balachandar said.
The product would soon be launched in other markets like Maharashtra, Madhya Pradesh. Goa and Gujarat, he said, adding that in the first phase,the company would have 100 outlets and open 10 Sleep Stations--exclusive repose outlets in these states.
Repose, founded in 2012 in Paadhuvampalli village on the city outskirts, has expanded its facility here by pumping in Rs 12 crore and has the capacity to produce 10,000 mattresses a month, company Chief Operating Officer Ramanath Bhat said.
The company at present has 2,450 outlets in five Southern States and 45 sleep stations and expected to close the fiscal at Rs 102 crore, he said.
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