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Year in Review

Year in
Review

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Introduction

Introduction

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Impact Review

Impact
Review

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Annexures

Annexures

The
MAS
Story

From a spark of ingenuity, on a seemingly ordinary January day in 1987, a powerhouse in apparel manufacturing was born. This home-grown conglomerate, built on the foundation laid by Mahesh Amalean, a true industry pioneer, and his brothers Sharad and Ajay, illustrates the transformative potential of design, innovation, and visionary thinking. Today, MAS has grown into a two billion dollar entity, pushing the boundaries of manufacturing and innovation to earn international acclaim.

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our operations &
key markets

Our robust governance framework and ethical value-based commitment form an essential pathway to creating long-term value for our stakeholders.

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The year 2023, while undeniably challenging for the world and Sri Lanka, saw MAS maintain momentum towards making notable progress against our ambitious sustainability goals.

Suren Fernando
Group Chief Executive Officer
MAS Holdings

Message from
our Group ceo

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The year 2023, while undeniably challenging for the world and Sri Lanka, saw MAS maintain momentum towards making notable progress against our ambitious sustainability goals.

Suren Fernando
Group Chief Executive Officer
MAS Holdings

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2023 marked a pivotal year for MAS, as we reached the halfway point on our 2025 sustainability goals.

Nemanthie Kooragamage
Director - Group Sustainable Business
MAS Holdings

progressing our plan
for change in 2023

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2023 marked a pivotal year for MAS, as we reached the halfway point on our 2025 sustainability goals.

Nemanthie Kooragamage
Director - Group Sustainable Business
MAS Holdings

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ONE TEAM FOR A
SUSTAINABLE FUTURE

2023 Highlights

Sustainable
Products

34% revenue
generated through
sustainable
products

Closing the
Loop

25% of our primary
products included
recyled input
materials

Circular
Innovation

Launched the world's
first fully-recyclable
bra cup, made from a
mono-material
composite

Women in
Management

24% of management
positions held by
women

Product
Categories

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Intimates

Intimates

Training and Performance

Training and Performance

FemTech (Femography)

FemTech
(Femography)

Impact
Review

Products
Changed
for good

Creating products and solutions
that are good for the wearer,
the planet, and our business.

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progress snapshot -
products Changed for good

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lives
Changed
for good

Empowering our employees,
creating world-class
workplaces, upholding our
commitment to women at the
heart of our workforce, and
supporting the communities
around us.

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%

woman in
Management

locations with
employer-supported
childcare

million

opportunities created
through corpoate citizenship
activites

million

opportunities created for
women since inception

persons with
disabilites employed
within the Group

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our planet
Changed
for good

Leaving our planet better than
we found it - through ambitious
action on emissions, waste,
chemicals, water, and
biodiversity.

our planet
progress snapshot

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