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MAS Holdings is a Sri Lankan apparel manufacturer, specializing in intimate wear, sportswear, performance wear, and swimwear. It integrates fabric and accessory production with garment manufacturing, also encompassing IT and industrial parks. Its Twinery division pioneers wearable technology and smart textiles, driving advanced innovations.
Founded in 1987 by brothers Mahesh, Sharad, and Ajay Amalean, MAS Holdings evolved from their 1984 venture, Sigma Industries. The Amaleans began with $10,000 and 40 sewing machines, recognizing an opportunity in scalable apparel production. This insight, plus an early joint venture for synthetic dresses, underpins their manufacturing model.
MAS Holdings serves an international clientele, developing labels like amanté for the South Asian market. The company prioritizes sustainability through carbon-neutral facilities and eco-friendly fabric parks. It integrates advanced technology into products, leading innovation in materials and production, fostering economic development.
MAS has 2 tracked investments across 2 companies. The latest tracked deal is $6.5M Debt in Eduvanz in April 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 27, 2022 | Eduvanz | $6.5M Debt | — | Oxyzo Financial Services, Unifi AIF, Vivriti Capital |
| Jul 20, 2021 | Olyv | $10.7M Debt | — | India SME Investments, Bama Balakrishnan, Gautam Jain |