Kurlon Enterprise Limited
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Kurlon Enterprise Limited - overview
Established
1962
Location
Bangalore, Karnataka, India
Primary Industry
Consumer Products
About
Kurlon Enterprise Limited, headquartered in Bangalore, India, specializes in manufacturing and selling a wide range of sleep solutions including mattresses tailored to diverse customer needs. Kurlon Enterprise Limited designs and manufactures mattresses and related products. The company was founded in 1962 in Bangalore, India. In December 2022, Sheela Foam Ltd.
acquired a 94. 66% majority stake in Kurlon from Motilal Oswal Private Equity Advisors for INR 20 billion. The current CEOs are Jyothi Pradhan and Vivek Be. Kurlon specializes in the manufacturing and retail of a diverse range of mattress products designed to cater to various sleep needs and preferences.
The company offers an extensive lineup, including foam mattresses, coir mattresses, latex mattresses, and spring mattresses, each engineered to provide specific benefits such as optimal comfort, support, and durability. Kurlon products are aimed at a wide customer base, serving over 10 million families across India, with a significant presence in urban and rural markets through its 5,000+ retail stores nationwide. The products cater to different segments, including families seeking comfortable sleep solutions, individuals with specific orthopedic needs, and customers looking for customizable mattress sizes. The company operates on a direct-to-consumer sales model as well as partnerships with retail outlets, reinforcing its position as a mattress provider in India.
Its flagship products, such as the Spinel Ortho Foam Mattress and Ortho Plus Natural Latex Mattress, significantly contribute to its income stream. Kurlon plans to expand its product line with new mattress designs tailored to evolving consumer preferences. The acquisition by Sheela Foam Ltd. will support the consolidation of the mattress market and enhance distribution capabilities.
The company is strategically targeting expansion into new geographic regions to increase its market share by 2024. The recent acquisition, finalized in December 2022, will enable Kurlon to leverage Sheela Foam's manufacturing and distribution strengths for growth.
Current Investors
Motilal Oswal Alternates
Primary Industry
Consumer Products
Sub Industries
Furniture
Website
www.kurlon.com
Verticals
E-commerce, Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Kurlon Enterprise Limited - timeline of key events
Kurlon Enterprise Limited - financials
| Fiscal Year Ended | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 | Mar 31, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 11,081,797,000 | - | 9,617,305,000 | - | 7,951,538,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - |
| EBITDA (USD) | 1,494,826,000 | - | 1,420,571,000 | - | 300,253,000 | - | - | - |
| Operating Income (USD) | 1,350,927,000 | - | 1,031,754,000 | - | (60,209,000) | - | - | - |
| Operating Margin | 12.2% | - | 10.7% | - | (0.8%) | - | - | - |
| % EBITDA Margin | 13.5% | - | 14.8% | - | 3.8% | - | - | - |
| NET Income (USD) | 841,535,000 | - | 756,591,000 | - | (55,837,000) | - | - | - |
| % Net Margin | 7.6% | - | 7.9% | - | (0.7%) | - | - | - |
Kurlon Enterprise Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Kurlon Enterprise Limited | - | ||||||||
| Growth | Completed | Kurlon Enterprise Limited | - |
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Kurlon Enterprise Limited - employee data
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