In 2000, Textured Jersey Lanka was founded as a joint venture between Linea Clothing and Textured Jersey UK. In 2004, Pacific Textile Holdings acquired Textured Jersey UK's stake in the company.[5] In 2007, shareholding changed with Brandix joining Pacific Textiles,[6] and in 2011 the company was listed publicly. In 2016, the company was rebranded as Teejay Lanka.[7] In 2021, Teejay Lanka won the award for the best textile exporter at the Presidential Export Awards for the third consecutive year.[8] Sri Lankan business executive, Ajit Gunawardene was appointed as the chairman of the company in 2022.[9]
Operations
The company carries out manufacturing operations in Sri Lanka as well as in India. Despite the lockdowns due to the COVID-19 pandemic in Sri Lanka and India, Teejay Lanka was able to post a net profit of LKR 2.4 billion in the fiscal year of 2019/20 which is an improvement of 28 percent over the last year.[3] During the pandemic Tejay Lanka moved to manufacture personal protective equipment or PPE as a strategic decision.[10]
Legal issues
On August 10, 2020, the Colombo Magistrate Court issued a notice on the company to appear before the court in connection to an alleged attempt to dump hazardous waste into the ocean through a contract.[11]