Business

Duroflex: Founder, CEO, Revenue, Products and IPO Status in 2026

Duroflex began in Kerala in 1963 and grew into a national sleep and comfort-products company. Here’s the verified story behind its founder, leadership, brands, revenue, products, stores and pending IPO.

Fame Katha Editorial Team 1 day ago

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Duroflex company founder CEO revenue products and IPO 2026

Last Updated on September 2, 2026 by Fame Katha Editorial Team

What Is Duroflex?

Duroflex is an Indian sleep and comfort-products company.

Mattresses are its main business.

But there’s more now.

The company sells mattresses, sofas, recliners, beds, pillows, adjustable sleep products, massagers and related accessories. Its current website carries product lines such as Airboost, Duropedic, Natural Living, Energise and LiveIn.

The business also has a direct corporate link with Sleepyhead. Sleepyhead Home Decor Private Limited appears on the official investor page as a material subsidiary.

Basically, this is now broader than one mattress label. The company works across physical stores, dealer channels and online sales.

Quick Fact

Business roots: 1963
Founder: P. C. Mathew
Current legal company: Duroflex Limited
Incorporated: 9 November 1981
Chairman & Managing Director: Jacob Joseph George
CEO: Sridhar Balakrishnan
FY2025 operating revenue: ₹1,134.25 crore
FY2025 profit after tax: ₹47.16 crore
IPO status: SEBI clearance received; launch date still unannounced as of September 2026

How Duroflex Started

Duroflex traces its business roots to 1963.

P. C. Mathew started it.

The company’s own history places those early years in Kerala. From there, the business grew from a coir-linked mattress operation into a wider sleep-products company.

One date needs context.

The business began in 1963.

The present legal entity was incorporated on 9 November 1981.

That’s why readers may see both years. They refer to different points in the company’s history.

The current company is Duroflex Limited. Its corporate identification number is U36104KL1981PLC003447.

Who Founded the Company?

P. C. Mathew founded the business.

His name remains tied to the company’s origin story. The official company history says the business began six decades ago in Kerala and later built a national footprint.

Honestly, this fact gets mixed up online. Some databases list 1981 as the start year. That is the incorporation year of the present company, while the business itself traces back to 1963.

Who Runs the Company in 2026?

As of September 2026, Jacob Joseph George is Chairman and Managing Director.

Sridhar Balakrishnan is CEO.

Rajat Rastogi is Chief Financial Officer.

The official investor page lists Mathew Chandy, Mathew George and Mathew Antony Joseph as whole-time directors. Independent directors listed there are Pawan Agrawal, Amita Maheshwari, Shreyans Daga and Anusha Mahalingam.

That leadership setup matters right now.

The company is still preparing for a possible stock-market entry.

What Does the Brand Sell?

The product mix is broad.

The brand sells orthopedic, memory-foam, latex, spring, cooling and bed-in-a-box mattresses.

Its current site also lists:

Sofas
Recliners
Beds
Pillows
Mattress protectors
Adjustable beds
Adjustable mattresses
Massagers
Sleep accessories

The main mattress families include Airboost, Duropedic, Natural Living, Energise and LiveIn.

That gives buyers several choices.

Some products sit at entry prices. Others move into premium adjustable sleep setups.

Main Mattress Ranges

Airboost

Airboost is built around airflow.

The company says this range uses a breathable construction and carries a recommendation from the Indian Society of Sleep Research.

Duropedic

Duropedic is the orthopedic-focused line.

The official site says these mattresses use five-zone spinal support and carry a recommendation from the National Health Academy.

Natural Living

Natural Living includes latex-based mattresses.

Current products in the line include Reva, Prana and Tatva.

Energise

Energise focuses on cooling comfort.

Current listings include Arctic Ice products and spring-based options.

LiveIn

LiveIn includes roll-packed mattresses.

Memory foam and latex options appear in this family.

Is Sleepyhead Part of Duroflex?

Yes.

Sleepyhead Home Decor Private Limited appears on the official investor-relations page as a material subsidiary.

That confirms the connection.

Sleepyhead has built a younger, online-first identity and sells mattresses, furniture and home products.

For anyone asking if Sleepyhead belongs to the group, the short answer is yes.

Manufacturing and Retail Reach

The company runs its own manufacturing operations in India.

IPO material describes seven manufacturing facilities across the country. The business also makes polyurethane foam in-house for use across mattress and furniture production.

Retail works both ways.

Online and offline.

As of June 30, 2025, IPO material reported 73 company-owned, company-operated stores across 31 cities, 14 states and two union territories.

A March 2026 Business Standard report said the company planned 150 new company-owned stores over three years. The IPO spending plan is narrower: fresh proceeds are intended to support 120 new company-operated stores.

The two figures aren’t the same thing.

One is a wider store plan.

The other is IPO-funded spending.

Duroflex Revenue and Profit

The FY2025 numbers are clear.

Revenue from operations reached ₹1,134.25 crore.

Profit after tax reached ₹47.16 crore.

That was a big shift from FY2023, when the company reported a ₹15.47 crore loss.

Here’s the recent picture:

Metric	FY2023	FY2024	FY2025
Revenue from operations	₹1,057.49 cr	₹1,095.30 cr	₹1,134.25 cr
EBITDA	₹56.85 cr	₹62.74 cr	₹97.80 cr
Profit after tax	-₹15.47 cr	₹11.20 cr	₹47.16 cr

Revenue grew at a measured pace.

Profit moved much faster.

That’s likely to draw investor attention if the public offer opens.

Is the Company Profitable?

Yes, based on FY2025 results.

The company reported ₹47.16 crore in profit after tax for FY2025, compared with ₹11.20 crore in FY2024.

FY2023 showed a loss.

So the recent direction is simple: the business returned to profit and then posted a much stronger FY2025 result.

Is Duroflex Listed on NSE or BSE?

No.

The company is still unlisted.

That remains true as of September 2026.

This point causes confusion because Duroflex Limited is a public limited company. A public limited company can exist before its shares begin trading on a stock exchange.

SEBI cleared the proposed IPO in February 2026. But the current IPO listing still shows the offer date as “to be announced.”

So, right now, there is no confirmed opening date, price band or listing date.

Duroflex IPO Details

The proposed issue includes a fresh share sale of about ₹183.6 crore and an offer for sale of roughly 2.25 crore shares.

SEBI issued clearance in February 2026.

Fresh proceeds are planned for business spending that includes new company-operated stores, lease-related expenses, marketing and general corporate purposes.

IPO paperwork names JM Financial and Motilal Oswal Investment Advisors as book-running lead managers. KFin Technologies is the registrar.

One point matters here.

SEBI clearance lets the company proceed.

It does not mean shares are already listed.

Is It an Indian Company?

Yes.

Its roots are in Kerala.

The registered office is in Alappuzha. The corporate office listed on the official investor page is in Bengaluru, Karnataka.

The company has manufacturing and retail operations across India. It has also referred to export channels in its own history.

Is It an MNC?

The safer description is Indian sleep and comfort-products company.

The business has referred to export activity, but its main corporate, manufacturing and retail base is in India.

Calling it a major multinational company would go beyond the public evidence checked for this article.

Why the Company Gets Attention

The brand has decades of operating history.

It also sits among India’s larger mattress names and now sells furniture, adjustable sleep products and related goods.

Then there is the IPO.

That has put the company in front of investors who may never have searched for a mattress maker before.

Look, the business story is pretty simple. An older Kerala brand is trying to grow through more stores, broader product lines and a possible stock-market listing.

Final Thought

Duroflex started small.

Now the business is wide.

Mattresses still sit in front, but the company also sells furniture, pillows, adjustable beds and other comfort products. FY2025 profit improved sharply, and the proposed IPO already has SEBI clearance.

The big unanswered piece is timing.

As of September 2026, the IPO date is still unannounced.

That’s the fact to watch.