Shares of Magenta Lifecare Limited surged nearly 10% today after the company announced a major order win from Reliance Industries, marking a significant milestone in its growth journey.
In an exchange filing, the company said its mattress brand, Magenta Mattress, has secured an order for over 6,000 mattresses from Reliance Industries’ Dahej facility. The company described the deal as the largest single order in its history, highlighting its growing presence in the institutional and corporate segment.
The order is expected to strengthen Magenta’s positioning in the market and enhance its credibility among large corporate clients. The company also noted that the achievement underscores its expanding client portfolio and reflects its ability to deliver at scale.
Management said the deal is not just a volume milestone but also a validation of the brand’s quality, consistency, and execution capabilities. Over the years, Magenta has built a presence across multiple states including Gujarat, Maharashtra, Madhya Pradesh, Karnataka, and Rajasthan, catering to both retail and institutional demand.
Industry observers believe that such large-scale orders from reputed corporates like Reliance Industries could open up further opportunities for the company in the B2B segment, particularly in bulk procurement and long-term supply contracts.
Meanwhile, shares of Magenta Lifecare were trading at ₹12.93, up 9.76% for the day, reflecting strong investor interest following the announcement.