KANARA CONSUMER PRODUCTS LIMITED (Formerly 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 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.
Kurlon Limited Outstanding Shares: |
1,48,78,750 |
Face Value of Kurlon Limited Unlisted Share: |
Rs. 10 Per Equity Share |
ISIN of Kurlon Limited Unlisted Share: |
INE781F01032 |
Lot Size of Kurlon Limited Unlisted Share: |
100 Shares |
Kurlon Limited Share Price: |
Best in Industry |
PAN Number of Kurlon Limited: |
AABCK2150K |
GST Number of Kurlon Limited: |
29AABCK2150K1ZJ |
CIN of Kurlon Limited |
U68100KA1962PLC001443 |
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% |
|
Directors |
Designation |
|
Mr. T Sudhakar Pai |
Managing Director |
|
Mrs. Jaya S Pai |
Director |
|
Mrs. Deepa S. Pai |
Director |
|
Mrs. Jyothi Ashish
Pradhan |
Executive Director |
|
Mr. K Venugopal Shetty |
Independent Director |
|
Mr. Santhosh Kamath |
Independent Director |
|
Mr. Madhusudan Kudlugi
Raghavendrarao |
Chief Financial Officer |
|
Particular |
Subsidiaries |
|
Manipal
Software & e-Commerce Private Limited |
Subsidiary |
|
Manipal
Natural Private Limited |
Subsidiary |
|
Kanara
Consulting and Service Management Private Limited |
Subsidiary |
|
Category |
No.
of Shares |
%
of shares held |
|
Promoter |
14,348,935 |
96.43% |
|
Public |
529,815 |
3.57% |
|
Total |
14,878,750 |
100% |
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 mattress manufacturing companies. With the 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 of 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.
Q. What
is the face value of Kanara Consumer Products Ltd shares?
Answer: The face value of Kanara Consumer Products Ltd shares is ₹10
per equity share.
Q. What
is the ISIN of Kanara Consumer Products Ltd shares?
Answer: The ISIN of Kanara Consumer Products Ltd is INE781F01032.
Q. What
is the minimum lot size for buying Kanara Consumer shares through WWIPL?
Answer: The minimum lot size is 100 shares.
Q. How
can I buy Kanara Consumer shares through WWIPL?
Answer: Investors can place an order through WWIPL and receive shares in
their Demat account after completion of the transfer process.
Q. What
does Kanara Consumer Products Ltd do?
Answer: Kanara Consumer Products Ltd (formerly Kurl-on Ltd) is currently
a holding and investment company. Historically, it owned the Kurl-on
mattress business, which was transferred to Kurlon Enterprises and subsequently
acquired by Sheela Foam.
Q. Is
Kanara Consumer Products the same as the Kurl-on mattress business?
Answer: No. This is an important distinction. The operating Kurl-on
mattress business is no longer housed in Kanara Consumer Products. The mattress
business was sold and merged into the Sheela Foam group. Kanara Consumer
Products remains the unlisted holding company.
Q. What
was the company previously known as?
Answer: The company was previously known as Kurl-on Limited and
was renamed Kanara Consumer Products Limited in 2023.
Q. Which
sector does Kanara Consumer Products operate in?
Answer: The company is primarily categorized as a holding and
investment company, with investments in subsidiaries and group entities.
Q. Who
are the key promoters of Kanara Consumer Products?
Answer: The company is controlled by the Pai family, which
historically founded and developed the Kurl-on brand.
Q. What
are the key growth drivers for Kanara Consumer Products?
Answer: Growth is largely dependent on the value of its investments,
capital allocation decisions, dividend income, and potential monetization of
underlying assets and subsidiaries.
Q. What
factors influence valuation of Kanara Consumer shares?
Answer: Net asset value (NAV), investment portfolio value, subsidiary
performance, corporate actions, capital allocation strategy, and liquidity in
the unlisted market.
Q. What
are the risks of investing in Kanara Consumer Products shares?
Answer: Limited operating business visibility, dependence on investment
performance, valuation uncertainty, low liquidity in the unlisted market, and
absence of a defined IPO timeline.
Q. Why do
investors track Kanara Consumer Products shares?
Answer: Investors track the company as a holding-company and
special-situation investment opportunity, particularly because of its
historical association with Kurl-on and the value of its underlying investments
and assets.
