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Damro is a Sri Lankan furniture and washing machine manufacturer that designs and sells diverse range of modern and traditional furniture. [1] Damro is regarded as the largest furniture manufacturer in South Asia and it is also regarded as one of the world's largest furniture manufacturers. [2] It is also hailed as a popular lifestyle brand.
The company was listed on the Colombo Stock Exchange in 2003. A fraud incident which was dubbed the biggest in a listed company in Sri Lanka rocked the company in 2011. The company adopted its current name, Hayleys Fabric in 2015. Hayleys Fabric acquired South Asia Textiles Ltd for LKR3.9 billion from Ambeon Holdings in 2021.
The company started when Otara Gunewardene began selling factory surplus garments and apparel from her car boot to family and friends in 1989. [5] [6] [7]Gunewardene registered Odel (the name is based on her own name, Otara Del Gunawardene [5]) as a private limited liability company on 31 October 1990 [7] [8] and the company opened its first 37 m 2 (400 sq ft) store on Dickmans Road in Colombo.
'ITC Gem Island') is a luxury hotel in Colombo, Sri Lanka. The hotel is part of the Indian hotel chain ITC Hotels, while WelcomHotels Lanka Pvt. Ltd, a subsidiary of ITC Limited, is the proprietor. The hotel is located adjacent to the Galle Face Green and next to Shangri-La Colombo and Taj Samudra hotels. It is ITC Hotels' first foreign investment.
MAS Holdings has 53 manufacturing facilities in 17 countries employing over 100,000 people globally (Sri Lanka - 90,040 in 2021/22). The company has design and development hubs in New York, London, Hong Kong and Colombo. [7] The company manufactures apparel accessories, fabric and apparel manufacturing.
Location of Sri Lanka. Sri Lanka is an island country located southeast of the Republic of India and northeast of the Maldives.According to the International Monetary Fund, Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income.
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