Introduction
About MAS Holdings
MAS Holdings is a global apparel technology conglomerate providing concept-to-delivery solutions to many of the world's leading apparel brands.
About MAS
A hub for apparel innovation and technology
MAS Holdings is a global apparel technology conglomerate providing concept-to-delivery solutions to many of the world's leading apparel brands.
As a hub for apparel innovation and technology, we develop solutions that address evolving consumer and industry needs, while advancing product performance, functionality, and sustainability. Our products span intimate wear, sports and activewear, swimwear, performance apparel, shapewear, adaptive clothing, FemTech, and wearable technology.
Our integrated capabilities span design, product development, fabric and material engineering, manufacturing, and logistics, supported by a global network of design hubs and manufacturing facilities.
Legal Name
MAS Holdings (Private) Limited
Headquarters
Sri Lanka
Legal Form
Private Limited Company
Reporting Currency
USD & LKR
Founded
1987
Founders
Mahesh Amalean, Ajay Amalean, Sharad Amalean
Brand Partnerships
Serving the world's leading apparel brands
We partner with many of the most recognised names in apparel — translating innovation into scalable, responsible product solutions across intimates, sport, performance and beyond.
- Victoria's Secret
- PINK
- NIKE
- lululemon
- Calvin Klein
- Gap
- Athleta
- Marks & Spencer
- Hanes Brands
- Speedo
- Aerie
- Ralph Lauren
- Tommy Hilfiger
- Hugo Boss
- New Balance
- Patagonia
- Walmart
- Target
- Lindex
- Lacoste
- Gymshark
- Soma
- MeUndies
- Tchibo
- Odlo
- Arc'teryx
- Adore Me
- Everlane
- Skims
- Savage x Fenty
- Decathlon
- Jockey
The MAS Story
A story of continuous reinvention
Every transformation has a beginning. For MAS, that journey began decades ago when Mahesh, Ajay and Sharad Amalean set out with a simple, yet ambitious idea: that Sri Lanka could build a world-class apparel industry rooted in craftsmanship, innovation and strong values.
What began as a small manufacturing venture has grown into a two-billion-dollar global apparel technology and manufacturing leader, partnering with many of the world's most recognised brands. Along the way, MAS has steadily strengthened its capabilities, invested in its people and redefined what responsible manufacturing can look like.
Today, as the apparel industry navigates a rapidly evolving landscape shaped by climate pressures, resource constraints and social expectations, MAS is reshaping its business to create value that extends far beyond products.
“What began as a small manufacturing venture has grown into a two-billion-dollar global apparel technology and manufacturing leader.”
Where we began · 1987
Where we are today · 2025
Our Foundation
Purpose, vision and mission
Purpose
To be changemakers — enabling dreams and enriching the fabric of life on our planet.
Vision
We see a day when we clothe the world with possibility, our people and partners realise their dreams and sustainability is woven into the fabric of our industry.
Mission
We inspire our PEOPLE to change the world for good. We innovate PRODUCTS that are human-centred and sustainable. We build PARTNERSHIPS to excel and achieve ambitious profitable growth, together.
The MAS DNA
The values that guide how we work
At the foundation of MAS is the MAS DNA — the values established by our founders that guide behaviour across the Group and form the basis of our Code of Conduct.
Values
- Honesty and Integrity
- Trust and Mutual Respect
- Freedom with Accountability
- Humility
- Passion for Excellence
- Entrepreneurial and Innovative
- Giving Back
Behaviours
- Respecting People
- Protecting Assets
- Valuing Customers
- Sustaining Relationships
- Nurturing Communities
- Competing Ethically
- Complying with the Law
Policies
- Equal Opportunity & Anti-Harassment
- Conflict of Interest
- Confidentiality & Data Protection
- Intellectual Property
- Social Media
- Information System Usage
- Flexible Working
The Plan for Change
One enterprise-wide roadmap, three pillars
Launched in 2020, the Plan for Change (2020–2025) embedded sustainability into our core business across Products, Lives and Planet — bringing structure, discipline and accountability to our ambitions.
Products Changed for Good
- Generate 50% of revenue through sustainable products by 2025
- Innovate the way products are made so they last longer and use fewer resources
- Pioneer circularity at scale by closing the loop on post-consumer waste
Lives Changed for Good
- Empower 100% of women on the factory floor and reach 30% women in management
- Be first-in-class for working conditions in our industry
- Enable positive impact in the communities where we operate
Our Planet Changed for Good
- Reduce our emissions footprint by 25.2%
- Value-enhance 100% of non-hazardous waste and achieve zero toxic processes
- Restore biodiversity in 100× the space we occupy
Our Ecosystem
An ecosystem that drives growth
Beyond our core operations, we continue to expand our ecosystem through ventures and emerging apparel technologies — strengthening capabilities from raw materials to circular solutions.
Product platforms
- Intimates
- Shapewear
- Wearable Tech
- Leisure & Athleisure
- Adaptive Apparel
- FemTech
- Training & Performance
- Swimwear
Manufacturing
- Apparel engineering & technical product development
- Precision garment construction
- Digital design & prototyping
- Advanced finishing & embellishment
Materials
- Fabric engineering & development
- Dyeing & finishing technologies
- Elastics, trims & lace development
- Printing & functional material integration
Twinery · Our innovation arm
Twinery, our innovation arm, explores smart textiles, materials engineering, lighting and heating technologies, odour protection and water-repellency.
Our supply chain
Our Global Reach
Talent, partnerships and capabilities, worldwide
Countries of operation
A network spanning 13 countries
Showing 13
- Sri LankaHQ
- United States
- United Kingdom
- Canada
- Jordan
- India
- Bangladesh
- China
- Hong Kong
- Vietnam
- Indonesia
- Kenya
- Singapore
Economic Value Creation
Value that extends beyond products
Economic value creation reflects the broader impact our operations generate across people, communities and the industry ecosystem — supporting livelihoods, strengthening local economies and advancing responsible industry practices.
Industry Advancement
Working with global brands and partners to develop more responsible products, materials and supply chains.
Employment & Opportunity
Providing meaningful employment and professional development across our global workforce.
Responsible Investment
Investing in innovation, sustainable manufacturing technologies and future-ready capabilities.
Community Development
Supporting initiatives that strengthen education, wellbeing and economic resilience where we operate.
Group Entities & Reporting
The companies behind the Group, and how we report
Group entities
- MAS Capital (Pvt) Ltd
- MAS Active (Pvt) Ltd
- Bodyline (Pvt) Ltd
- Linea Aqua (Pvt) Ltd
- Noyon Lanka (Pvt) Ltd
- Silueta (Pvt) Ltd
- MAS Legato (Pvt) Ltd
- MAS Fabrics (Pvt) Ltd
- MAS Fabric Park (Pvt) Ltd
- MAS Unichela (Pvt) Ltd
Reporting Period
1 January 2025 – 31 December 2025
Published
June 2026
Reporting frameworks
- GRI Standards
- Carbon Disclosure Project (CDP)
- UN Global Compact (Communication on Progress)
- International Finance Corporation (IFC) Guidelines
- UN Sustainable Development Goals
Basis of reporting
- Third consecutive report prepared in accordance with the GRI Standards.
- Reporting boundary primarily reflects wholly-owned subsidiaries, plus joint ventures where MAS exercises operational control.
- No changes to reporting scope and boundary, and no material restatements, during 2025.
- Externally assured by Ernst & Young under SLSAE 3000 (Revised); CEOs provide direct oversight of Plan for Change reporting.