Kurlon Limited was first established as Karnataka Coir Products Limited in 1962. The name was later changed to KURL-ON LIMITED in 1995 to fully reflect its diversified business activities. The company manufactures mattresses in 126 different configurations. Apart from a wide range of mattresses, the company also manufactures and markets an entire range of home comfort solutions and a wide range of high-end soft furnishings such as pillows, cushions, bed linen, ergonomically designed furniture, furnishing, etc.
Kurlon Limited was the first company to introduce rubberized coir mattresses in 1965 using the know-how from Austria. The company is known as the innovator of Coir Mattresses in India. The company not only serves retail consumers but also institutional clients like Hotels, Hospitals, and Hostels. Products of the company are exported to various Asian countries.
Kurlon Limited is the Holding company of Kurlon Enterprises Limited. Consequent to the business transfer agreement between Kurlon Limited and Kurlon Enterprises Limited, the business of Rubberized coir, latex foam, polyurethane foam, pillows, spring mattresses, furniture, furnishing, and related products were transferred to Kurlon Enterprises Limited with effect from April 2014. So, Kurlon Enterprises Limited is the operating company now.
Today, the company is the largest manufacturer of rubberized coir mattresses. The company is now working with a network of more than 10,000 dealers, 72 branches and stock points, and 9 manufacturing facilities across Orissa, Karnataka, Madhya Pradesh, Gujarat, and Uttaranchal.
CIN of Kurlon Limited |
U17214KA1962PLC001443 |
Registration Date of Kurlon Limited |
09 February 1962 |
Category/Sub-category of Kurlon Limited |
Company Limited by Shares |
Kurlon Limited Registered office address |
N-301, III Floor, North Block, Front Wing, Manipal Centre, 47,Dickenson Road, Bangalore- 560042 |
Kurlon Limited Registrar and Transfer Agent address and contact details |
Purva Sharegistry (India) Private Limited Ms. Purva Shah 9, Shiv Shakti Ind. Estt. J.R. Boricha Marg, Lower Parel(E), Mumbai-400011 +91-022-2301-6761/2518 |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to total turnover of the Company |
|
Mattresses/Pillows/Cushions/Foam/EPE sheet |
31005 |
88.65% |
Mr. T. Sudhakar Pai (Managing Director)
Mrs. Jaya S. Pai (Director)
Dr. Nitin G. Khot (Independent Director)
Mr. S. Ananthnarayanan (Independent Director)
Mrs. Jyothi Ashish Pradhan (Director)
Mrs. Deepa Pai (Director)
Mr. Narendra Kudva (Alternate Director)
Mr. N. Srinivasa Ulloor (Chief Financial Officer)
Mr. Monu Kumar (Company Secretary)
|
Name of the Company |
Subsidiary |
% of shares held |
|
Kurlon Enterprise Limited |
Subsidiary |
85.06% |
|
Kurlon Retail Limited |
Stepdown Subsidiary |
100.00% |
|
Sevalal Solar (P) Ltd |
Stepdown Subsidiary |
5.00% |
|
Sirar Dhotre Solar (P) Ltd |
Stepdown Subsidiary |
5.00% |
|
Sirar Solar Energies (P) Ltd |
Stepdown Subsidiary |
5.00% |
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Promoter Holding |
1,39,84,565 |
93.96% |
|
2 |
Public Shareholding |
8,49,354 |
6.04% |
|
|
Total |
1,48,82,605 |
100.00% |
India's overall mattress market has grown at a CAGR of above 11% over the last five years. The rise in income levels, health consciousness, and growth in the real estate and hospitality sectors are major factors that accelerated the growth of the Indian mattress market. A visible shift has been observed in the consumer’s perspective, where the main focus now is on the comfort and functionality of the product.
Several new trends are expected in the mattress industry during the coming years. The demand for customized and luxury mattresses is expected to increase significantly. Mattresses are no longer considered as mere consumer durables, they are an indicator of the quality of life.
Demand in both residential and institutional sectors is expected to grow in India. Among various sizes available, king-size mattresses are the most preferred ones, and comfort and durability are the most important factors for dominance in the market.
The Online segment is now a key focus for mattresses manufacturing companies. With COVID 19 pandemic, this segment has attained great significance and its potential has multiplied. With Work From Home expected to be the new normal and more people spending greater time at home, it is expected that the demand for the products used at home would go up especially in the Mattress and furniture space.
The unorganized sector has a major share in the Indian mattress market. This sector includes a street-side shop and the local ginner. However, the organized sector is now growing, with the increasing demand for good-quality mattresses among Indian consumers.
Growing residential units are creating a demand for mattresses all over the country. Additionally, every new hotel requires hundreds of beds and mattresses, and this particular industry appears to be thriving, owing to growth in the construction, real estate, and tourism, and hospitality sectors.
