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It currently has 10,000 dealers and 72 offices across 2800 towns in India. Currently, it manufactures from seven facilities including two each in Bangalore and Tumkur besides those in Bhuwaneshwar, Gwalior and Uttaranchal.
In September 2015, Motilal Oswal Private Equity Advisors (MOPE), the PE arm of Motilal Oswal Financial Services, invested Rs 90 crore (about $13.5 million) in Kurlon.
The mattress industry size is roughly about Rs 5000 crore and Kurlon is three times the size of its nearest competitor Sheela Foam Pvt Ltd, the Sleepwell brand Other major players include Duroflex India and Coirfoam (India) besides international labels.
Sheela Foam came out with IPO recently and its shares saw good demand from investors in primary and secondary markets.
Kurlon was earlier known as Karnataka Consumer Products Ltd and was set up in 1962 by Ramesh Pai and is a part of the Rs 2,000 crore Manipal Group of Companies, which has interests ranging from education, healthcare and financial services.