Stanley Lifestyles Ltd. Company History and Annual Growth Details

Our Company was originally formed as a partnership firm under the Partnership Act, 1932 in the name of ‘Stanley Seating’ pursuant to a deed of partnership dated February 1, 2007. Our Company was thereafter incorporated as a public limited company as ‘Stanley Lifestyles Limited’ upon its conversion from a partnership firm in accordance with the provisions of Part IX of the Companies Act, 1956 and received a fresh certificate of incorporation dated October 11, 2007 and a certificate for commencement of business dated December 14, 2007 from the RoC.

Major events and milestones:

2007

Our Promoters started a partnership firm in the name of ‘Stanley Seating’

2008

‘Stanley Seating’ was converted from a partnership firm to a public limited company in the name of ‘Stanley Lifestyles Limited’

2011

Our Company opened its first franchisee owned franchisee operated store in Kochi, Kerala

2012

Our Company opened its first company owned company operated store in Bengaluru, Karnataka

2012

Our Company opened its first store in Chennai, Tamil Nadu

2018

Incorporation of our Subsidiary ‘Shrasta Décor Private Limited’ through a joint venture agreement dated June 2, 2017 entered into between Stanley Retail Limited, Sharmila Manghnani and Rajesh Manghnani, and opened our first ‘company-owned company operated’ store in Hyderabad

2019

Raised funding of an amount of ? 1,000 million from Oman India Joint Investment Fund II, pursuant to the SSHA

2019

Our Company opened its first store under ‘Sofas & More by Stanley’ format to offer products which fall in the mid-high category

2019

Our Company opened its first store under ‘Stanley Level Next’ format to offer luxury products

2021

The store count of our Company increased to 25 stores

2022

Our Company opened its first ‘company owned company operated’ store in Delhi

2023

The store count of our Company increased to more than 50 stores.

-Stanley Lifestyles announced launch of initial public offering.