As one of the pioneers in the Latex Industry Elasto continues to be a house hold name in Sri Lanka for quality and perfection. Established in 1947 with 74 years of experience, Elasto has attained many a  milestone in its path in line with  the innovative vision of its founding father Mr.Donald Gunasekara whose initial establishment of the organizational process, culture and his overarching personality  has equipped reigning Managing Director to achieve greater heights. Elasto group with its subsidiaries Elasto (Pvt) Ltd and Textrip (Pvt) Ltd is catering to the local and international market with quality Latex products ranging from Shoes, Bags ,Mackintosh, Exercise products and natural Synthetic cane.

Our road map was drawn jointly with our valued partner STRETCHWELL, Inc.
64 Vincent Circle P.O. Box 3081 Warminster,PA 18974 and grown since to an unenviable position undeterred to lead in the field to date.

Our Vision

To be the preferred Original Equipment Manufacturer of polymer based products for the world’s leading brands and retailors ”

Our Mission

To satisfying customer needs of high quality natural rubber, synthetic rubber & 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

Chairman’s Message

I am honored to lead this group as the representative of the second generation of the company, which my late father Eng. Donald Gunasekara with his brother late Mr.Wilson Gunasekera co-founded. In fact if not for the able and unstinted support of late Mr.Wilson Gunasekera in the formidable position of managing director of Elasto Ltd, my father may not have achieved all what is evident today.  It is also coinciding with its 69th anniversary of Elasto and the milestones it has achieved in her long stride thanks largely to investors, dedicated customers, stakeholders, and above all our loyal employees who have supported the optimization of the company productivity as evidenced to date. We are crossing the International borders to reach USA, Pacific Rim Countries, Europe and South East Asia to name a few. We are witnessing the rapid progression of the group achieved through forces of synergy culminating from dedication, commitment, application and leadership. The group is now fully backed-up by a bevy of professionals in charge of its nine departments following a new strategic direction. Our vision is to be the most preferred OEM in the ensuing years and to revisit the glory Elasto was basked in,  in the years gone by as premier Sri Lankan footwear manufacture and the preoccupation in the loving memory of  Sri Lankan households as well.


An incredible human being with unique qualities that I have not seen in anyone to date. I have known Mr. Donald Gunasekera for over 30 years. Our first meeting took place at his residence at Palm Grove Avenue, Colombo 03. He was not only an engineer who qualified in Canada but also was a great inventor and practical rubber technologist.

Kulatunga Rajapaksa
Managing Director
– DSI Samson Group

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