Hirdaramani Annual Report 2024 【Must Try】

In line with its decarbonization strategy, Hirdaramani announced a significant investment in a new, state-of-the-art textile mill named . Backed by an investment of USD 30 million , this facility embodies the next evolution of the company's legacy of sustainable manufacturing. Designed to be powered by renewable energy, it applies the latest advancements in low-impact manufacturing to minimize energy use, reduce waste, and optimize resource efficiency.

For over a century, the Hirdaramani Group has been a cornerstone of Sri Lanka's industrial landscape, evolving from its roots into a global leader in apparel manufacturing. Today, the company stands as one of the country's largest conglomerates, employing over 40,000 people across 33 facilities in Sri Lanka, Bangladesh, Vietnam, and Ethiopia. While the group has diversified into sectors like renewable energy, leisure, retail, and finance, its core identity remains rooted in delivering end-to-end apparel solutions to premium international brands. , a principle that has moved from a complementary activity to the central driver of its business strategy.

The primary milestone of Hirdaramani’s strategic growth in 2024 centers on vertical integration and localized capacity building. hirdaramani annual report 2024

The 2024 disclosure presents a unified view of how Hirdaramani combines its cross-sector financial strategies with rigorous Environmental, Social, and Governance (ESG) frameworks.

┌────────────────────────────────────────────────────────┐ │ HIRDARAMANI 2024 CORPORATE PILLARS │ └───────────────────────────┬────────────────────────────┘ │ ┌─────────────────────────┼─────────────────────────┐ ▼ ▼ ▼ ┌─────────────────┐ ┌─────────────────┐ ┌─────────────────┐ │ Environmental │ │ Social Impact │ │ Operational │ │ Stewardship │ │ & Workforce │ │ & Supply Chain │ └─────────────────┘ └─────────────────┘ └─────────────────┘ Environmental Stewardship & Net-Zero Targets For over a century, the Hirdaramani Group has

The Hirdaramani Annual Report 2024 is more than a financial summary; it is a testament to the evolution of the Asian manufacturing sector. It demonstrates that the era of competing solely on low labor costs is over. In its place, a new paradigm has emerged: compete on compliance, compete on capability, and compete on carbon footprint.

spanning business travel, transport, and capital goods Renewable Energy & Infrastructure , a principle that has moved from a

Over 21,000 employees have participated in programs designed to improve health, wellbeing, and professional development. These initiatives aim to foster a "Life Well Lived" for all employees Hirdaramani.

The report highlights a stabilization of revenue streams, attributed to strategic cost management and operational efficiency. While the global apparel sector faced a slowdown, Hirdaramani’s diversified portfolio helped cushion the impact, proving that their long-term strategy of not putting "all eggs in one basket" continues to pay dividends.