About Kurlon Enterprise Limited
Data last updated:
Kurlon Enterprise Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Kurlon Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 03 October 2011.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U36101MH2011PLC222657. Its GSTIN is 27AAECK5045N1Z6 (Maharashtra). The company held 27 GST registrations, of which 26 are active.
The company had an authorised share capital of ₹95.56 Cr and a paid-up capital of ₹18.28 Cr. It was led by directors including Tushaar Gautam (Managing Director) and Jyothi Ashish Pradhan.
Its last annual general meeting (AGM) was held on 16 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office was at #1002/1006 The Avenue International A Opp. Hotel Leela Andheri (East), Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2025, the company reported a revenue of ₹644.57 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net loss of ₹2.68 Cr (net margin -0.4%) and EBITDA of ₹12.52 Cr (EBITDA margin 1.9%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 8% over five years.
The company had about 704 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 8 subsidiaries.
The company was associated with 1 brand: Kurlon. As per MCA filings, the company had open charges of ₹40 Cr and satisfied charges of ₹70 Cr on record. Court records list 142 cases involving the company, including 128 filed by the company and 14 filed against it; 93 cases are pending. The company has 10 deals on record (6 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹127.39 Cr; the latest was in January 2024. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 44 overdue payments to 12 micro and small suppliers.
The last known website on record is kurlon.com.
Company details
Contact details
Kurlon Enterprise Limited's registered office is in Mumbai, Maharashtra. Its website is kurlon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#1002/1006 The Avenue International A Opp. Hotel Leela Andheri (East), Mumbai, Maharashtra, India – 400059
- IndustryConsumer Goods, Home Furnishings Manufacturing
To see the full contact details of Kurlon Enterprise Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Kurlon Enterprise operates one associated brand: Kurlon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Kurlon is recognized as a leading mattress brand in India. | kurlon.com |
Business activity
The main business activity of Kurlon Enterprise is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Kurlon Enterprise Limited, buy the company report.
Financials of Kurlon Enterprise Limited
FY 2025 filings availableKurlon Enterprise Limited reported revenue of ₹644.57 Cr (down 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 22% fall in the latest year. EBITDA rose 153% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹12.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.68 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.9% | ||||
| Net Profit Margin | -0.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Kurlon Enterprise Limited, buy the company report.
Board of directors of Kurlon Enterprise Limited
Kurlon Enterprise has 5 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyothi Ashish Pradhan Also directs: Manipal Travels (India ) LLP, Nav Yuj Private Limited, Manipal Holdings Private Limited and 4 more | Director | 20 Oct 2023 | 3 Years 0 Months | As last reported |
| Meena Jagtiani Also directs: House of Kieraya Limited, Sheela Foam Limited, Accelya Solutions India Limited and 3 more | Director | 21 Dec 2023 | 2 Years 10 Months | As last reported |
| Ravindra Dhariwal Also directs: D and D Consulting LLP, Irb Infrastructure Developers Limited, Tbo Tek Limited and 3 more | Director | 21 Dec 2023 | 2 Years 10 Months | As last reported |
| Rahul Gautam Also directs: House of Kieraya Limited, Sheela Foam Limited, Staqo Software Private Limited and 3 more | Director | 20 Oct 2023 | 3 Years 0 Months | As last reported |
| Tushaar Gautam Also directs: House of Kieraya Limited, Sheela Foam Limited, Staqo Software Private Limited and 3 more | Managing Director | 20 Oct 2023 | 3 Years 0 Months | As last reported |
Auditor
Kurlon Enterprise Limited is audited by S.R.Batliboi & Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R.Batliboi & Associates LLP | FY 2022 | 101049W/E300004 |
Shareholding
The shareholding of Kurlon Enterprise Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kurlon Enterprise Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2022 | 100620031 | Others | ₹30 Cr | Satisfied | |
| 16 Oct 2014 | 10536453 | Idbi Bank Limited | ₹40 Cr | Satisfied |
To see the full charge records of Kurlon Enterprise Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Kurlon Enterprise Limited has 10 deals on record (6 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹127.39 Cr; the latest was in January 2024.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Secondary share transfer | Undisclosed | Buyer: Sheela Foam Limited |
| Jul 2023 | Secondary share transfer | Undisclosed | Buyer: Sheela Foam Limited Seller: Kanara Consumer Products Limited |
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Kanara Consumer Products Limited , an individual |
| Nov 2014 | Funding round | ₹32.54 Cr | Investors: Kanara Consumer Products Limited |
| Jan 2013 | Acquisition | ₹4.9 Cr | Buyer: Kanara Consumer Products Limited Seller: Canara Steel and Real Estates Limited , Manipal Holding Private Limited, 2 individuals |
To see the full deal history of Kurlon Enterprise Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kurlon Enterprise Limited has 142 court cases on record: 128 filed by Kurlon Enterprise, 14 filed against it. 93 cases are pending and 49 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 124 | 3 | 88 |
| High courts | 14 | 8 | 3 |
| Supreme Court | 3 | 3 | 2 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 142)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1508MISC-Criminal Law : Negotiable Instruments Act, 1881(SLPs arising out of quashing applications, orders framing charge,summoning orders, interim orders in criminal matters withdrawal of prosecution, orders for further investigation/re-investigation, etc.)) | Filed against the company by an individual | Pending |
| Supreme Court | Court case (1508MISC-Criminal Law : Negotiable Instruments Act, 1881(SLPs arising out of quashing applications, orders framing charge,summoning orders, interim orders in criminal matters withdrawal of prosecution, orders for further investigation/re-investigation, etc.)) | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Bantia Furnitures Enterprises Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Navkar Bantia Furnitures Pvt. Ltd. and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against Bantia Furnitures Lifestyle Pvt Ltd | Pending |
To see the full case history of Kurlon Enterprise Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Kurlon Enterprise Limited was last rated by Icra on 15 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 Feb 2022 |
To see the full credit ratings and regulatory alerts of Kurlon Enterprise Limited, buy the company report.
MSME payment delays
Kurlon Enterprise Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 44 overdue payments to 12 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Super Bond Adhesives Private Limited | |||
| an individual supplier | |||
| Global Textile Alliance India Private Limited | |||
| Classic Welding Products Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Kurlon Enterprise Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Kurlon Enterprise has 8 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Kurlon Retail Limited | U36104KA2012PLC065664 | |
| Starship Value Chain and Manufacturing Private Limited | U36900KA2020PTC139535 | |
| Sevalal Solar Private Limited | U40106KA2016PTC094328 | |
| Sirar Solar Energies Private Limited | U40106KA2016PTC097367 | |
| Sirar Dhotre Solar Private Limited | U40300KA2016PTC097314 | |
| Belvedore International Limited | U52520KA2020PLC142418 |
To see the full group structure of Kurlon Enterprise Limited, buy the company report.
Employees & EPFO
Kurlon Enterprise Limited has a workforce of 704 employees on its EPFO records as of Apr 10, 2024, across 7 active EPFO establishments.
GST
Kurlon Enterprise has 27 GST registrations: 26 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECK5045N1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 02AAECK5045N1ZI | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAECK5045N1ZG | Punjab | Active | 01 Jul 2017 |
| 04AAECK5045N1ZE | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kurlon Enterprise Limited, buy the company report.
Recent activity
Kurlon Enterprise Limited has 22 board changes on record since 2011: 5 appointments and 17 cessations. The latest: Abhilash Padmanabh Kamti ceased to be CFO on 31 Mar 2025.
18 earlier events are in the company report.
News
Frequently asked questions
Kurlon Enterprise has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Kurlon Enterprise was a public limited company based in Mumbai, Maharashtra, India. The company worked in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 03 October 2011 and is registered under CIN U36101MH2011PLC222657. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Kurlon Enterprise was incorporated on 03 October 2011. It is registered with the Registrar of Companies, Mumbai.
Kurlon Enterprise had 5 directors:
- Tushaar Gautam - Managing Director
- Jyothi Ashish Pradhan - Director
- Meena Jagtiani - Director
- Ravindra Dhariwal - Director
- Rahul Gautam - Director
The CIN (Corporate Identification Number) of Kurlon Enterprise is U36101MH2011PLC222657. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Kurlon Enterprise is at #10021006 The Avenue International A Opp. Hotel Leela Andheri East, Mumbai, Maharashtra, India – 400059.
Kurlon Enterprise can be reached through the website kurlon.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Kurlon Enterprise on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kurlon Enterprise is 27AAECK5045N1Z6, registered in Maharashtra. The company has 27 GST registrations in all, of which 26 are active and 1 is cancelled or inactive. Other active GSTINs include 02AAECK5045N1ZI (Himachal Pradesh), 03AAECK5045N1ZG (Punjab), 04AAECK5045N1ZE (Chandigarh).
Kurlon Enterprise operated in the consumer goods industry, in the home furnishings manufacturing segment.
Kurlon Enterprise has 10 deals on record (6 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹127.39 Cr; the latest was in January 2024.