Hirdaramani became one of the few Asian apparel manufacturers to claim "Water Positive" status in its Sri Lankan operations. For every liter of freshwater extracted, the company replenished 1.5 liters back into local watersheds through rainwater harvesting and community well restoration projects.
The most anticipated section of the is the "Planet First" chapter. Unlike previous years where the focus was solely on renewable energy (the group runs on 45% solar and hydro power), 2024 focuses on circularity .
The path forward is not without its challenges. The Sri Lankan apparel industry, while growing in 2024, is still recovering from the record highs of 2022. Furthermore, monthly export data for December 2024 showed a modest 2% year-on-year growth, with exports to the US and UK declining 4% and 10% respectively, indicating continued market volatility. The entire industry also continues to grapple with global economic uncertainty, evolving consumer values, and the need for constant innovation.
The Group launched its own internal awards programme to recognise outstanding CSR initiatives. Winners included Project WOW School for a Sustainable Future (Gold) and Project Autism Awareness for an Inclusive Future (Bronze).
Reduce absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by from a 2022 base year. hirdaramani annual report 2024
As the textile sector faces increasing pressure to decarbonize, the provides a blueprint for balancing industrial scale with deep ecological preservation and social equity. Executive Framework: The "Future First" Roadmap
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.
Local education and community projects spearheaded by individual factories managed to scale their reach, positively impacting 12,800 people annually . 4. Trusting in Good Choices
The Group’s response, as detailed in the report, focuses on "Employee Value Propositions." This includes upskilling programs, enhanced welfare facilities, and a focus on women’s empowerment. The report highlights specific initiatives aimed at the female workforce—who constitute the majority of their employees—such as health programs, childcare support, and career progression pathways into management roles. Hirdaramani became one of the few Asian apparel
Recognizing that the traditional apparel industry consumes up to 7,000 liters of water to produce a single pair of jeans, Hirdaramani prioritized a strict reduction strategy. The 2024 figures highlight a normalized industrial freshwater consumption drop to . This was achieved through: Hirdaramani Apparel Sustainability Report 2024
For the tech-focused investor, the report dedicates a lengthy analysis to Industry 4.0 adoption. The flagship achievement of 2024 was the full rollout of —a digital twin system that monitors every sewing machine, cutting table, and finishing station in real-time.
Lifting local economies where manufacturing plants operate.
Hirdaramani continues to collaborate with global partners on environmental impact, traceability, and design to remain at the forefront of the sustainable apparel movement. Unlike previous years where the focus was solely
As a private entity, Hirdaramani does not publicly disclose detailed financial statements. However, various business intelligence platforms provide estimates of the company's scale. Aggregate data suggests Hirdaramani Group's annual revenue is frequently estimated in the range of . A specific estimate for 2024 suggests revenues of approximately $300 million for a portion of its operations. While these figures vary, they consistently point to the group's status as a multi-billion-dollar conglomerate with a formidable economic footprint.
: Enterprise-grade software systems and lifestyle retail networks across regional markets.
Executive Overview: A Century of Heritage Meets Modern Scale