Kurlon to expand presence; make furniture, sofas in Odisha Chairman T Sudhakar Pai said investment on this expansion can go up to Rs 200 crore November 14, 2016 Last Updated at 18:52 IST Mastek appoints John Owen as CEO; to take over from Sudhakar Ram We'll bring down debt/Ebitda ratio: Satish Pai L&T on verge of bagging bauxite deposits in Odisha Cauvery dispute: Violence mars Bengaluru's image as a business friendly city Karnataka's Grand Challenge to start-ups to solve Bengaluru's sewage problems Kurlon Enterprises known for its Kurl-on brand of mattresses has decided to make furniture and sofas at its factory in Bhubaneswar. "We are expanding our presence in Bhubaneswar. The state government has alloted us 20 acres of additional land and we hope to complete our expansion by March 2018. The investment on this expansion can go up to Rs 200 crore. Besides mattresses, we would be adding furnitures and sofas to the product portfolio," said T Sudhakar Pai, chairman of Kurlon Enterprises Ltd.
Apart from Bhubaneswar, Kurlon is coming up with new manufacturing units —one on the outskirts of Bangalore and the second in Andhra Pradesh, around 110 km from Bangalore where the company is headquartered. Nationwide, Kurlon is the market leader in branded mattresses category, accounting for a third of total sales. The overall size of mattresses is estimated at around Rs 5000 crore and this includes the unorganized market. In Odisha, Kurlon is the market leader too with a whopping share of 75 per cent. The company boasts of a dealership network of nearly 200 in the state and this is expected to be doubled in span of a year. Kurlon today unveiled its Kurlopedic technology which adds comfort to perfection. It is loaded with new features like advanced centre densification, vertical orientation of coir fibre, zero pressure point and motion separate index. "Continual excellence can be achieved only with regular innovation in product and technology. Kurlopedic technology is an excellent result of our dedication to R&D for continuous innovation," Pai said.
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