Textrip (Private) Limited, a subsidiary of Elasto Group, brings ‘Wellness Wisdom’ to the world, providing guidance for people to achieve life goals and objectives. Elasto is a rising global brand. Elasto House is led by its able and amiable Managing Director, Mangala Gunasekera, who is acclaimed in his dual roles of technocrat and philanthropist. He also performs a key role as a CSR champion and innovator.

Through its vibrant and eye-catching brand ‘TEXSTRETCH’ serves the segments of Sports-Science, Exercise-Science, Physical Culture, Beautification, Physiotherapy & Rehabs, and Health & Wellness.

Our suite of products includes Progressive Resistance Bands (including over 50 varieties for many sports such as athletics, soccer, cricket, karate, and rowing), Mackintosh sheets, Baby Cot sheets, Beauty Culture products, Latex Coated Fabrics, Interlocking Pavers, and several others.

We do not preempt competitors; instead, we focus our efforts to continuously improve the quality and usability of our products.


Our Managing Director has followed his vision, with total faith in his corporate processes and the people behind them. Above all, he has steered Textrip to an apex prize-winning corporate, standing apart from its peers and driven by a guiding philosophy.

Textrip remains a premier OEM manufacturer in terms of its vision and mission; prospecting niches in the segments relating to Sports Science, Exercise Science, Nutrition, Biomechanics, Physiotherapy, Psychology, Beauty Culture and also Health with a particular reference to immunity building; a focal point of interest in present context.

The corporate culture inculcated by our corporate leader has seen the delivery of world-class products, backed by quality standards in its cross-border transactions, contributing to foreign exchange earnings and also pioneering CSR in sports and related activities.



Elasto Group was established at Bentota, Sri Lanka, in 1947 by the visionary leader engineer Donald Gunasekera and Wilson Gunasekera. From its humble beginnings, the company has evolved into a major international manufacturer.

In its evolution, Textrip embraces ‘Wellness Wisdom’ and supports inter-alia, physical prowess, sporting skills, biomechanics, and physio-therapeutic values to reach the life goal; ‘Becoming you’.

The Roman poet Juvenal famously said ‘Mens sana in corpore sano’ meaning ‘Healthy Mind in a Healthy Body’, which provided the foundation for our corporate ‘Wellness Wisdom’.


Textrip, established in 1978, represents the evolving face of the Company, harnessing creativity, ingenuity and a passionate commitment to our customers and nation. Today, we serve top international brands with a unique range of products that offer the best in durability and comfort.

We are a highly experienced OEM, enabling us to provide consulting and support to our customers, while supplying world-class products. We work closely with all our stakeholders to offer exceptional solutions to improve the quality of life of all human beings. We have won many accolades on our long journey, in recognition of our commitment to high quality and innovation.

Vision, Mission & Values

Our Vision

To be the preferred Original Equipment Manufacturer of polymer-based products for the world’s leading brands and retailers.

Our Mission

To satisfy customer needs for high quality natural rubber, synthetic rubber, and plastics products by innovating, designing, and manufacturing. To continually generate higher returns on capital for our shareholders while providing excellent working conditions and recognition to our employees and a better environment and social welfare for the society we operate in. To continually provide opportunities for our staff, suppliers, and distributors to grow and prosper with us.

Our Values

Physical Values

Maximum Utilisation of Resources
The desire and ability of the company to improve its performance by full and/or most appropriate utilization of its current resources as deemed applicable in the short – and long-term perspectives.

Quality of Products and Services
In terms of presentation, functionality, choice, value, speed, timeliness, suitability, reliability, lifespan, repeatability, courtesy, and friendliness.

The way systems or persons consistently produce the same results, preferably meeting or exceeding its specifications and dependability.

Psychological Values

In terms of new products, new ideas, new systems, new production methods, new applications of technology, new methods of financing, and new marketing strategies.

Develop People
The desire and ability of the company to improve the lot of its employees, including, ultimately, their personal growth.

Keeping to one’s word, promises, agreements, being truthful, and non-deceitful, with employees, customers, vendors, and governments.

Respect for the Individual
In establishing rules and policies, design of systems, making decisions, executing instructions, in terms of people’s health, safety, self-esteem, feelings, and opinions.

Organizational Values

Cooperation (Teamwork)
Among individuals, departments, divisions, branches, and so on.

Of individuals, departments and divisions for performance, results, problems, and so on.

Up, down, and laterally within the company, with customers and vendors, in terms of openness, frankness, clarity, frequency, accuracy, timeliness, and brevity.

Mangala Gunasekera
Chairman and Managing Director

Message from Leadership

This is a time now known as ‘the New Normal’ which is seen as withstanding many shocks combined; business leaders are compelled to work with greater responsibility than ever before for the sake of their own countries’ economies and that of the international community.

We act with responsibility, accountability, and integrity. I stress upon my thrust in this company with good governance, guided by international standards.

In the current impasse of the COVID-19 pandemic and the world body, politics are having a direct and indirect impact on every conceivable industry. All possible health and sanitary aspects are increasing being addressed at present.

My guidelines to my employees are to work all processes with due responsibility in accordance with quality aspects, environment aspects and above all human stakeholders, which are all audited under international standards: i.e., ISO 9001, ISO 14001, SMETA and CET.

Our core products are all centered around ‘Wellness Wisdom’ and I trust we are playing a pivotal role in cross-border transactions and multinational networking. For this, our company is regularly striving for innovation and improving productivity, and above all development of human capital as seekers of sustainable existence. Assuring our customers a safe lifestyle, I urge my employees to work with the utmost responsibility towards our valued customers, fellow employees, community and above all the sustainability.

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