Who owns Velvet?
Velvet is owned by Hemas (Sri Lanka, CSE: HHL.N0000).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Hemas Holdings PLC Annual Report 2025/26. Last checked .
Key facts
- Current owner
- Hemas Holdings PLC reported
- Owner HQ
- 🇱🇰 Sri Lanka, Colombo
- Origin
- 🇱🇰 Sri Lanka
- Category
- Personal care & beauty › Bath, soap & hand care › Bar soap & body wash
- Parent ticker
- CSE: HHL.N0000
- Last verified
- · 1 sources
About Velvet
Velvet is a Sri Lankan beauty soap and skin care brand made by Hemas, sold as bar soaps in rose petals and milk, orange and honey, milk and almond, and sandal and curd variants, as well as body washes, hand washes and body lotions. It is marketed on the promise of everyday soft skin, and Hemas says the range is dermatologically tested and holds NMRA, GMP and IFRA certifications.
Ownership timeline of Velvet
Where Velvet sits in Hemas
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Hemas ownership tree →
See the full Hemas brand portfolio (10) →
Other brands owned by Hemas
Hemas controls 10 brands on Brandtree, 8 of them in personal care & beauty.
Also in personal care & beauty
Other brands in bar soap & body wash, and who owns them
The 43 brands in bar soap & body wash on Brandtree belong to 30 owners. The largest is Unilever, with 5.
| Brand | Owner | Owner based in |
|---|---|---|
| Dove | Unilever | 🇬🇧 United Kingdom |
| MediHerb | Trade Kings | 🇿🇲 Zambia |
| Cavaillès | Bolton Group | 🇮🇹 Italy |
| Cristalino | CasaLuker | 🇨🇴 Colombia |
| Protex | Colgate-Palmolive | 🇺🇸 United States |
| Bath Roman | Earth | 🇯🇵 Japan |
| Jovia | Jyothy Labs | 🇮🇳 India |
| Ivory | Procter & Gamble | 🇺🇸 United States |
About the owner: Hemas
Hemas is a publicly listed company headquartered in Colombo, Sri Lanka, founded in 1948. Brandtree records 10 brands under its control, and it is listed as CSE: HHL.N0000.
Hemas Holdings is a Colombo group incorporated in 1948 that works in three sectors: consumer brands, healthcare and mobility. Consumer brands earned 36.9 per cent of group revenue in the year to 31 March 2026, from household and personal care products made by Hemas Manufacturing, a hair oil business in Bangladesh and Atlas school stationery, and Hemas has proposed buying a stationery maker in Kenya. Healthcare covers pharmaceutical distribution, the drug maker Morison and hospitals. No shareholder controls the company: its four largest each held between 14.8 and 15.7 per cent.
🇱🇰 Velvet and other Sri Lankan brands
Brandtree records a controlling owner for 60 brands that began in Sri Lanka. 1 of them (2%) are now controlled by a company headquartered in another country; Velvet is not one of them.
- Ambewela — Lanka Milk Foods 🇱🇰
- Bison — DCSL 🇱🇰
- Cargills Food City — Cargills 🇱🇰
- Causeway Paints — Asian Paints 🇮🇳
- Cinnamon Air — Saffron Aviation 🇱🇰
- Daintee — Sunshine Holdings 🇱🇰
Frequently asked questions
Who is the parent company of Velvet?
The parent company of Velvet is Hemas, a publicly listed company headquartered in Sri Lanka.
Is Velvet Sri Lankan?
Yes. Velvet originated in Sri Lanka and its owner, Hemas, is also headquartered in Sri Lanka.
Is Velvet still owned by Hemas?
Yes. As of 16 September 2026, Velvet is still owned by Hemas. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Hemas Holdings PLC Annual Report 2025/26 — Hemas Holdings PLC, Annual report; retrieved 16 September 2026.
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