Family-run Duroflex gears up for IPO

After more than six decades as a privately held, family-run business, mattress maker Duroflex believes it is ready for the public markets, top executives of the company told Mint.

- Sowmya R

Duroflex heads for listing after six decades as a private entity.

The company’s evolution from a regional manufacturer to a national contender was driven by meeting specific internal benchmarks. “When we started the business, we had certain milestones in mind before we went public, including national expansion, revenue growth, and trade touch-points,” Jacob George, chairman and managing director of Duroflex Group, said. “A lot of our growth happened in the last 10-12 years. We grew 20% in the last five years alone. We have met a lot of milestones, and we believe that the timing is just right,” he added.