MAS Holdings
Encyclopedia
MAS Holdings is one of the largest listed conglomerates
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...

 on the Colombo Stock Exchange
Colombo Stock Exchange
The Colombo Stock Exchange is the main stock exchange in Sri Lanka. It is one of the most modern exchanges in South Asia, providing a fully automated trading platform...

 in terms of market capitalization in the large apparel industry of Sri Lanka
Sri Lanka
Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent. Known until 1972 as Ceylon , Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar and the Palk Strait, and lies in the vicinity of India and the...

.

History

Founded in 1986, MAS designs and makes underwear and sportswear through its MAS Intimates and MAS Active divisions. The Sri Lankan company currently comprises 28 factories and design studios across 5 countries employing over 45,000 people.

The MAS name came from the first letters of its founders. Mr. Mahesh Amelean, Mr. Ajay Amelean and Mr. Sharad Amelean.

Joint Ventures

Joint ventures include:
  • Limited Brands
    Limited Brands
    Limited Brands is an American apparel company based in Columbus, Ohio. In 2009 it reported 9.04 billion dollars in revenue for the last fiscal year.-History:...

  • Triumph International
    Triumph International
    Triumph International is an international underwear manufacturer. Founded in Heubach, Württemberg, Germany 1886 by the two families Spiesshofer & Braun. The first foreign subsidiary was established in Zurzach, Switzerland which...

  • Speedo
    Speedo
    Speedo International Ltd. is a manufacturer and distributor of swimwear and swim-related accessories. Founded in Australia in 1914, the industry leading company is now a subsidiary of Pentland Group Plc. Today, the Speedo brand can be found on products ranging from swimsuits and goggles to wrist...

     International
  • Stretchline Global
  • Prym Intimates PLC
  • Brandot International
  • Noyon Dentelles
  • DOGI International
  • Textprint S.A


Clients

Aside from Strategic Partnerships, MAS Holdings also has various clients, including some major global brands:
  • GAP
    Gap
    -General:* Gap , a spacing between large trees in a forest* Gap , a mountain pass, often carved by a river* Gap year, a prolonged period between a life stage-Places:* Gap, Hautes-Alpes, France* Gap, Pennsylvania, United States...

  • Marks & Spencer
    Marks & Spencer
    Marks and Spencer plc is a British retailer headquartered in the City of Westminster, London, with over 700 stores in the United Kingdom and over 300 stores spread across more than 40 countries. It specialises in the selling of clothing and luxury food products...

  • Nike
    Nike, Inc.
    Nike, Inc. is a major publicly traded sportswear and equipment supplier based in the United States. The company is headquartered near Beaverton, Oregon, which is part of the Portland metropolitan area...

  • Reebok
    Reebok
    Reebok International Limited, a subsidiary of the German sportswear company Adidas since 2005, is a producer of Athletic shoes, apparel, and accessories. The name comes from the Afrikaans spelling of rhebok, a type of African antelope or gazelle...

  • Sara Lee
    Sara Lee
    Sara Lee Corporation is a global consumer-goods company based in Downers Grove, Illinois, USA. It has operations in more than 40 countries and sells its products in over 180 nations worldwide...

  • Tesco
    Tesco
    Tesco plc is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues and the second-largest measured by profits...

  • Victoria's Secret
    Victoria's Secret
    Victoria's Secret is an American retailer of women's wear, lingerie and beauty products. It is the largest segment of publicly-traded Limited Brands with sales of over US$5 billion and an operating income of $1 billion in 2006...



Ethical Standards

MAS Holdings actively promotes it workplace ethics through its empowerment of Woman (GoBeyond Program) and its opposition to sweatshops and child labour, often stigmatised within the textile industry in Asia.
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