Duroflex Profile
Key Indicators
- Authorised Capital ₹ 11.20 Cr
- Paid Up Capital ₹ 5.98 Cr
- Company Age 43 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 433.28 Cr
- Satisfied Charges ₹ 117.51 Cr
- Revenue Growth 4.99%
- Profit Growth -72.28%
- Ebitda 57.10%
- Net Worth 0.92%
- Total Assets 2.76%
About Duroflex
Duroflex Private Limited (DPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 09 November 1981 and has a history of 43 years and three months. Its registered office is in Alappuzha, Kerala, India.
The Corporate was formerly known as Duroflex Coir Industries Private Limited. The Company is engaged in the Consumer Goods Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 11.20 Cr and a paid-up capital of Rs 5.98 Cr.
The company currently has active open charges totaling ₹433.28 Cr. The company has closed loans amounting to ₹117.51 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Duroflex Private Limited India are Solly Mathew as Company Secretary, Rajat Rastogi as Cfo, and Sridhar Balakrishnan as Ceo. Anshul Jain, Jacob George, Mathew Chandy, and Three other members serve as directors at the Company.
Company Details
- Location
Alappuzha, Kerala, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U36104KL1981PTC003447
- Company No.
003447
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
09 Nov 1981
- Date of AGM
12 Dec 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ernakulam
Industry
What products or services does Duroflex Private Limited offer?
Duroflex Private Limited offers a wide range of products and services, including PU Foam, Coir & Jute Mattresses, Mattress Accessories, Foam Sheet, Bed Mattress, Cushion & Cushion Covers, Furniture Cushion, Spring Mattress, Duroflex Bed Mattress, Sleeping Mattress, Medical Mattress.
Who are the key members and board of directors at Duroflex?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Solly Mathew | Company Secretary | 12-Dec-2001 | Current |
| Rajat Rastogi | CFO | 27-Feb-2024 | Current |
Sridhar Balakrishnan  | CEO | Current | |
| Mathew Chandy | Managing Director | 23-Apr-2012 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mathew Joseph | Whole-Time Director | 18-Mar-2011 | Current |
| Anshul Jain | Nominee Director | 13-May-2019 | Current |
| Jacob George | Whole-Time Director | 04-Jun-2013 | Current |
| Mathew George | Whole-Time Director | 18-Mar-2011 | Current |
| Stanley Kunjippalu | Director | 18-Mar-2011 | Current |
Financial Performance of Duroflex.
Duroflex Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 4.99% increase. The company also saw a substantial fall in profitability, with a 72.28% decrease in profit. The company's net worth moved up by a moderate rise of 0.92%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Duroflex?
In 2023, Duroflex had a promoter holding of 66.45% and a public holding of 33.55%. The company had 4 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Sleepyhead Home Decor Private LimitedJacob George, Mathew Chandy and 2 more are mutual person
Flourish Planet Private LimitedAnshul Jain is a mutual person
Rem42 Technologies Private LimitedSolly Mathew, Jacob George and 3 more are mutual person
Comfortek Advanced Products Private LimitedJacob George, Mathew Chandy and 2 more are mutual person
- Coco-Latex Exports Private Limited
Jacob George, Mathew Chandy and 2 more are mutual person
- Shivaarna Technofoams Private Limited
Jacob George, Mathew Chandy and 2 more are mutual person
Charges (Loans)
₹433.28 Cr
₹117.51 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 321.18 Cr
- Axis Bank Limited : 67.00 Cr
- Yes Bank Limited : 45.00 Cr
- Bank Of Maharashtra : 0.10 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jun 2023 | Axis Bank Limited | ₹67.00 Cr | Open |
| 29 Jan 2021 | Hdfc Bank Limited | ₹45.00 Cr | Open |
| 29 Nov 2019 | Hdfc Bank Limited | ₹45.00 Cr | Open |
| 20 Jun 2018 | Hdfc Bank Limited | ₹60.43 Cr | Open |
| 01 Sep 2017 | Yes Bank Limited | ₹10.00 Cr | Open |
How Many Employees Work at Duroflex?
Duroflex has a workforce of 527 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Duroflex, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Duroflex's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
