Kurlon Enterprise Limited Pre IPO Review & Analysis (i) Kurl-on Limited(KL), is the holding company, which promoted a subsidiary company in the name and style of Kurl-on Enterprise Ltd(KEL). As on 31.03.2019, Kurl-On Limited holds 85.06% shares in Kurl-On Enterprise. (ii) In the year 2011, consequent upon the Business Transfer Agreement between Kurl-on Limited and Kurl-On Enterprise, the business of Rubberized Coir, Latex Foam, Polyurethane Foam, Pillows, Spring Mattresses, Furniture, Furnishing, sofa, and entire home comforts and related products were transferred to the subsidiary company( KEL) effective 1st April 2014.
This means the main business of the mattress is with Kurl-ON Enterprise now. (iii) Headquartered in Bengaluru, KEL is now the operating company. Both the companies are closely held, an unlisted public Ltd. (iv) Kurl-On Enterprise has one wholly-owned subsidiary i.e. Kurl-on Retail. Kurlon Retail Limited was incorporated under the name and style of Kurlon Mattress Private Limited on