Textrip is a passionate, committed, attentive team of professionals who believe in making a positive contribution to the lives of people worldwide, through innovative products that elevate you to the next level in spiritual, mental and physical well being.

With over seven decades of experience, Textrip delivers world-class products through a culture of sustainable manufacturing, and caring, responsible corporate governance.

Our proprietary technologies for formulating rubber compounds make our products stand apart from others. Our expertise and competency in polymer help us develop a wide range of products including Progressive Resistance Bands, Tubes & Stripes, Mattress Protectors, Baby Cot Sheets, Latex Coated Fabric

Products, Rubber Interlocking Pavers and many other sports related value-added products which are specially customized for unique  industry requirements. The material technology behind the products ensures that they have market leading characteristics in uniformity, durability, strength, and reliability.

We have forever been aware of our obligation to our planet. We source top quality raw material in an economical and harmless way to the ecosystem processes. We strive to minimize our carbon footprint, use energy efficiently and manage waste responsibly. 

We believe in supporting our local communities, providing the best working environment and opportunities for our employees, and providing social welfare as a responsible corporate citizen.

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.



The Elasto group, established in 1947 by the visionary Engineer Donald Gunasekera and his brother Wilson Gunasekara, operates with the vision of serving our nation and the world. Our modest starting points were in giving footwear to the Sri Lankan market; the emphasis being on safeguarding individuals’ steps they take in their everyday lives rather than on fashion. Freshness has helped us evolve our offerings with beauty and elegance. 

The Elasto is viewed with pride by Sri Lankans, as a national brand with a heritage of quality. The company is now led by Mangala Gunasekera, a highly skilled technocrat, who like his father is a philanthropist at heart.



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 Original Equipment Manufacturer (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 and Value

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 value

Physical Values

Maximum Utilisation of Resources
Our desire is to continuously improve our performance through the full utilization of our current resources, such as time, money, equipment, materials, space and people.

Quality of Products and Services
A focus on quality across all aspects, including presentation, functionality, choice, value, speed, timeliness, suitability, reliability, life span, repeatability, courtesy and friendliness.


We strive to exceed expectations in all aspects including specifications, dependability durability and customer satisfaction.



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


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
Managing Director


This comes at a time now known as ‘New Normal’ which is seen as carrying many a shocks bundled up and business leaders are compelled to work with greater responsibility than ever before for the sake of one’s own country’s economy and that of international community and also deal with multinationals.

So, I fervently trust it is apt to say to a larger public that we act with responsibility, accountability, and integrity. In brief, I stress upon my thrust on this Corporate with good governance, guided by international standards.

In the current impasse of COVID-19 pandemic and the World body politics are having direct and indirect influences on every conceivable industry barring few all possible health and sanitary aspects are increasing being addressed at present.

My guidelines to my employees is to work all processes with due responsibility in accordance with quality aspects having regards to quality, environment aspects and above all human components which are all audited under three international standards i.e. ISO 45001, ISO 9001, ISO 14001 and SMETA.

Our core subject 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, Corporate is regularly striving for innovation and improving productivity and above all development of human capital as seekers of sustainable existence. So finally assuring our valid customers safe and surer lifestyle I urge my employees to work with utmost responsibility towards our valued customers, fellow employees, neighborhood and above all the sustainability of the Corporate.

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