Kurlon Enterprise Limited (KEL) was incorporated in 2011. KEL is engaged in the business of manufacturing and trading of Rubberized coir, Latex Foam, Polyurethane foam, Pillows, Spring Mattresses, Furniture, Furnishing etc. KEL is a subsidiary of Kurlon Limited which holds 83.94 per cent in the company. KEL's product range includes Mattresses (Rubberized Coir Mattresses, Foam Mattresses, Spring Mattresses, Health Mattresses), Foam Products (PU Foam Sheets, Peeled Foam, Bonded Foam), Furnishing (Cushions, Pillows, Bed Sheets, Bed Covers, Bath Linen), Furniture (Sofa, Living Room Furniture, Bed Room Furniture, Office Furniture) etc. The company sells these products under the brand name of 'Kurl-on'. The company has 8 factories among which five are located in Bangalore (Karnataka) and other are located in Bhubaneshwar (Odisha), Roorkee (Uttarakhand), Jhagaida (Gujarat). The company has 7,000 dealers and 72 offices across 2,800 towns. Through its sales offices, the company has strong presence in pan India.
Parent company - Kurlon Limited holds 83.94% stake in the company. Kurlon Limited was found in 1962 as Karnataka Coir Products Ltd.
KEL is a part of famous Manipal Group which has diversified interest across education, e-commerce, financial services, manufacturing, software development etc.
Kurl-on is a leader in mattress brands in India.
ICRA Limited has assigned rating of ICRA A+ for various facilities of KEL.
Motilal Oswal Group's private equity fund holds 16.36% stake in the company through its growth capital fund i.e India Business Excellence Fund IIA and India business Excellence Fund II.
KEL currently has approximately 2.5 lakh sq. ft. retail spaces and has 700+ exclusive franchise outlets, 7000+ multi-brand outlets and 14 COCO (Company-Owned Company-Operated) model Home komforts stores with a pan-India presence.
KEL has 35% of market share with a sale of over 1.2 Million mattress a year.
Global Private Equity Funds like Carlyle, KKR, Blackstone, Bain, TA Associates and Warburg Pincus have been approached to buy controlling stake in Kurl-on.