C T Holdings

Last updated
C T Holdings PLC
Company type Public
CSE:  CTHR.N0000
ISIN LK0041N00000
Industry
Founded1928;96 years ago (1928)
Founder Chittampalam A. Gardiner
Headquarters
Colombo
,
Sri Lanka
Key people
RevenueIncrease2.svg LKR196.3 billion (2023)
Increase2.svg LKR13.7 billion (2023)
Increase2.svg LKR5.1 billion (2023)
Total assets Increase2.svg LKR127.2 billion (2023)
Total equity Increase2.svg LKR35.4 billion (2023)
Owners
  • Odeon Holdings (Ceylon) (42.09%)
  • Ranjit Page (8.83%)
  • Anthony Page (8.69%)
Parent Odeon Holdings (Ceylon)
Subsidiaries
Footnotes /references
[1]

C T Holdings PLC, formerly known as Ceylon Theatres Limited, is an investment holding company and one of the largest conglomerates in Sri Lanka. The company was incorporated in 1928 by Chittampalam A. Gardiner and quoted on the Colombo Stock Exchange ever since. In 2019, Brand Finance ranked C T Holdings eighth amongst the most valuable conglomerates in Sri Lanka with a brand value of LKR18,981 million. [2] C T Holdings also ranked eighth in the LMD 100 , a list of leading listed companies in Sri Lanka by the business magazine, LMD. [3] The company holds a 71% stake in Sri Lanka's largest food company, Cargills (Ceylon).

Contents

History

Empire Residencies building is completed in 2009 UG-LK Photowalk - Empire - 2017-03-09 (1).jpg
Empire Residencies building is completed in 2009

Ceylon Theatres Limited was founded by Chittampalam A. Gardiner and Alfred Thambiayah in 1928. It is the first Ceylonese company to enter the film screening business. [4] Four years later the company was floated. The Regal Cinema in Colombo and another in Nuwara Eliya made up the assets of the company. [5] By 1950, Ceylon Theatres was the largest film circuit in the country. The company controlled 69 permanent cinemas of which 14 were located in Colombo. [6]

In 1981, under the leadership of Albert A. Page, the company acquired Millers and Cargills venturing into retailing and distribution. Cargills entered the modern retail (supermarkets) sector in 1983, with the launch of Cargills FoodCity, which has since gone on to become Sri lanka's largest and most extensive supermarket chain. In 1991 the company built the Majestic City shopping complex and cineplex, one of the first at the time in Sri Lanka. In 1993, Cargills entered the food production business with the acquisition of a smallgoods processing plant in Mattakuliya. In 1996, the company obtained the franchise rights for Kentucky Fried Chicken (KFC). In 2002, Cargills acquired an ice cream processing plant and also acquired the KIST food brand and its processing facility, expanding its presence as a food processor. When the Government of Sri Lanka divested its stake in Lanka Ceramics Limited, Ceylon Theatres acquired 65% of the shares. [7] Empire Residencies, a 37 and 33-storeyed residential apartment twin-tower completed in 2009. In 2010, the company name was changed from Ceylon Theatres to C T Holdings. Kotmale Holdings, a dairy products manufacturing company was acquired in 2011. During the same time, Cargills also entered the confectionery sector with another acquisition. The company acquired a license to operate a commercial bank in 2014 and launched Cargills Bank. CT Holdings and Cargills collectively hold over 60% of the bank. In 2013, the Cargills Square was established in Jaffna, which has since been expanded to locations in Gampaha, Dematagoda, Katubedda and Bandarawela. [1]

Operations

The company has been described as one of the most traditionally managed family-held businesses in the country. [8] C T Holdings is predominantly an investment holding company. Its key subsidiaries are Cargills (Ceylon) PLC, Ceylon Theatres, and C T Land Development PLC. C T Holdings is also a promoter of Cargills Bank. The main operations of C T Holdings are managed through its subsidiary Cargills (Ceylon) PLC. C T Holdings operates the Regal and Majestic cinemas across Sri Lanka, through its subsidiary Ceylon Theatres. C T Holdings partnered with BookMyShow, an India-based online ticketing platform. The partnership allowed access to the Vista ERP system, a customisable ERP System. [9]

The company owns and manages the Majestic City shopping complex through its subsidiary C T Land Development PLC, a listed entity on the Colombo Stock Exchange. The company owns and operates the Cargills Square shopping malls in Jaffna, Gampaha, Dematagoda, Katubedda and Bandarawela.[ citation needed ]

See also

Related Research Articles

<span class="mw-page-title-main">Cargills (Ceylon)</span> Sri Lankan retail, business, and restaurant company

Cargills (Ceylon) PLC is a Sri Lankan consumer company which is listed on the Colombo Stock Exchange. It is a market leader in the Modern Retail (supermarkets), FMCG, and Restaurants industries and also has a presence in the Banking, Real Estate, and Cinema sectors. The controlling interest in the company is held by C T Holdings PLC.

Alfred Leo Saverimuthu Thambiayah (Tamil: அல்பிரட் லியோ சவரிமுத்து தம்பிஐயா; was a Ceylon Tamil businessman, centenarian, politician and Member of Parliament.

<span class="mw-page-title-main">Cargills Square</span> Shopping mall in Sri Lanka

Cargills Square is a shopping mall in the city of Jaffna in northern Sri Lanka. The mall is located in the heart of the city at the junction of Hospital Street and Mahathma Gandhi Road, opposite Jaffna Hospital. Work on the Rs.500 million shopping and entertainment complex started in September 2011. The mall opened in the last quarter of 2013. The mall was designed by the Colombo based MMGS Architects.

<span class="mw-page-title-main">Vallibel One</span> Sri Lankan conglomerate holding company

Vallibel One PLC is one of Sri Lanka's largest conglomerate companies. The company controls a chain of subsidiaries and listed on the Colombo Stock Exchange since 2011. The company has controlling stakes in LB Finance, Royal Ceramics Lanka, and Delmege Group. The company was included in S&P Sri Lanka 20 Index in 2018. Vallibel One is one of the LMD 100 companies in Sri Lanka.

<span class="mw-page-title-main">Singer (Sri Lanka)</span>

Singer PLC is a Sri Lankan holding company engaged in retailing and wholesale marketing home appliances and furniture. The company is also taking part in financial services and manufacturing businesses. The company is listed on the Colombo Stock Exchange since 1981 and in 2017, the Sri Lankan conglomerate, Hayleys acquired the majority of the shares. Singer is ranked 17th in the LMD 100, an annual list of listed companies in Sri Lanka by revenue, in 2020/21 edition. Brand Finance ranked the company 15th most valuable brand in Sri Lanka in its annual list of top 100 brands.

L B Finance PLC sometimes spelt LB Finance, is a Sri Lankan non-bank financial institution. The company is incorporated in 1971 and initially, the majority of shares were held by Lewis Brown & Company. The company was listed on the Colombo Stock Exchange in 1997. In 2003, Dhammika Perera acquired the company and became a subsidiary of Vallibel One. Currently, the company is one of the components of the S&P Sri Lanka 20 Index. Brand Finance ranked the company 24th in the 100 most valuable brands in Sri Lanka. The company placed 39th in the LMD 100 for the financial year 2019/20.

<span class="mw-page-title-main">Royal Ceramics</span> Sri Lankan manufacturing company

Royal Ceramics Lanka PLC branded as Rocell, is a Sri Lankan holding company and is also engaged in manufacturing ceramic tiles and bath ware. The company was founded in 1990 and in 1994, it was listed on the Colombo Stock Exchange. The company is one of the constituents of the S&P Sri Lanka 20 Index. LMD, a Sri Lankan business magazine placed the company 38th in the LMD 100, a list of leading listed companies in Sri Lanka. Brand Finance ranked 74th amongst the 100 most valuable brands in Sri Lanka.

<span class="mw-page-title-main">Lankem Ceylon</span> Manufacturing company in Sri Lanka

Lankem Ceylon PLC is a chemicals, paints and consumer goods manufacturing company in Sri Lanka. The company also engaged in the hospitality industry by owning and operating resorts in Sri Lanka. The company is incorporated in 1964 by Royal Dutch Shell and listed on the Colombo Stock Exchange in 1970. Brand Finance ranked the company 88th most valuable brand in Sri Lanka. The company ranked 61st in LMD 100, an annual list of quoted companies by revenue in the financial year 2019–20.

<span class="mw-page-title-main">Sunshine Holdings</span> Sri Lankan conglomerate holding company

Sunshine Holdings PLC is a Sri Lankan conglomerate holding company that is engaged in the healthcare, consumer goods and agribusiness sectors. Sunshine Holdings was incorporated on 16 June 1973, and listed on the Colombo Stock Exchange in 1983. Sunshine Holdings ranked 45th in LMD 100, a list of quoted companies in Sri Lanka by revenue in the 2020/21 edition.

<span class="mw-page-title-main">Ceylon Grain Elevators</span> Animal feed manufacturing company in Sri Lanka

Ceylon Grain Elevators PLC is an animal feed manufacturing company in Sri Lanka. The company was incorporated in 1982 as a result of an agreement between the Government of Sri Lanka and Prima Limited of Singapore. The company was listed on the Colombo Stock Exchange in 1984. Singapore-based, Prima Limited holds a controlling stake in the company's stocks. Ceylon Grain Elevators is part of the Prima Group in Sri Lanka. The company is ranked 50th in LMD 100, an annual list of listed companies in Sri Lanka by revenue.

<span class="mw-page-title-main">Asiri Hospital Holdings</span> Healthcare company in Sri Lanka

Asiri Hospital Holdings PLC, doing business as Asiri Health, is the largest private healthcare provider in Sri Lanka. The company commenced operations in 1986 and was listed on the Colombo Stock Exchange in the same year. Asiri Hospitals operate six hospitals and collectively has over an 800-bed capacity. Softlogic Holdings is the parent company of Asiri Hospitals group. Asiri Hospital Holdings ranked 57th in the LMD 100, an annual list of listed companies by revenue, in the 2020/21 edition.

<span class="mw-page-title-main">ACL Cables</span> Cable manufacturing company in Sri Lanka

ACL Cables PLC is a cable manufacturing company in Sri Lanka. ACL Cables manufactures and sells power cables, conductors, armoured cables and telephone cables. The company was established in 1962 as Associated Cables, a subsidiary of Associated Motorways. The company was publicly quoted in 1976. In 1980, the company moved out of Associated Motorways Group and was renamed ACL Cables in 1990. ACL Cables is one of the LMD 100 companies in Sri Lanka.

<span class="mw-page-title-main">Renuka Holdings</span> Conglomerate company in Sri Lanka

Renuka Holdings PLC, also called Renuka Group, is a conglomerate company in Sri Lanka. Ceylonese businessman Alfred Thambiyah laid the foundations of the Renuka Group by acquiring the Crago Boat Dispatch Company in 1936 and establishing Renuka Hotel, named after his youngest daughter Indu Renuka in 1969. Indu Renuka Rajiyah founded Renuka Enterprises in 1975, and Renuka Holdings in 1979 marked the formal beginning of the group. Renuka Holdings went public in 2008 and following the listing on the Colombo Stock Exchange, the company pursued a growth strategy. Renuka Holdings is one of the LMD 100 companies in Sri Lanka and also one of the 20 largest conglomerates in Sri Lanka.

<span class="mw-page-title-main">Harischandra Mills</span> Sri Lankan food processing company

Harischandra Mills PLC is a food processing company in Sri Lanka. The company was founded by C. A. Harischandra in 1943. Harischandra Mills pioneered the employee provident by setting up a fund in 1952, six years prior to the national Employees' Provident Fund. Harischandra Mills was incorporated in 1953 and was listed on the Colombo Stock Exchange in 1983. In the family's third generation, the company is still a family-managed business. The Harischandra brand is a household name and one of the 100 most valuable brands in Sri Lanka in 2022. The import ban on some agricultural products imposed by the government affected the company and the company had to respond with a drastic cut back of production.

<span class="mw-page-title-main">Swisstek</span> Sri Lankan manufacturing company

Swisstek (Ceylon) PLC is a tile grout and tile mortar manufacturing company in Sri Lanka. The company was established in 1967 as Parquet (Ceylon) Ltd to manufacture parquetry. Parquet (Ceylon) signed an agreement with Switzerland-based Bauwerk AG for technology collaboration and started supplying for the domestic and foreign markets under the brand name "Swissparkett". The company was listed on the Colombo Stock Exchange in 1983. Parquet (Ceylon) switched its core business by switching to manufacturing tile grout and mortar in 2009. In 2011, the company was renamed Swisstek (Ceylon) and in 2013, became a part of the Vallibel One Group. Swisstek is one of the LMD 100 companies in Sri Lanka.

<span class="mw-page-title-main">Ambeon Holdings</span> Sri Lankan conglomerate company

Ambeon Holdings PLC is a conglomerate holding company based in Sri Lanka. John Walker who established Walker Sons and Company is the founder of the company. In 1874, Walker founded Walker and Greig to supply agricultural machinery to plantations in the hill country. The company was incorporated in 1910 and in 1959, it was brought under Brown and Company. In 1970, the company was listed on the Colombo Stock Exchange.

<span class="mw-page-title-main">Lanka Milk Foods</span> Sri Lankan dairy products company

Lanka Milk Foods (CWE) PLC is a dairy products manufacturing company in Sri Lanka. Lanka Milk Foods was a subsidiary of the Co-operative Wholesale Establishment (CWE) which later converted to a joint-stock company. The company was incorporated in 1981 and listed on the Colombo Stock Exchange in 1983 with Sri Lankan Government holding the majority of the shares. The Stassen Group acquired a controlling stake of 51% in the company in 1991. Lanka Milk Foods's subsidiary, Lanka Dairies, introduced flavoured ready-to-drink milk to the market in 1996. Ambewela Farm and New Zealand farm were acquired by Lanka Milk Foods in 2001. In 2020, the company planned to invest LKR3 billion in a new dairy farm in Ambewela to expand production. Lanka Milk Foods is one of the LMD 100 companies in Sri Lanka. Lakspray, a Lanka Milk Foods brand listed among the 100 most valuable brands in Sri Lanka in 2020. Lanka Milk Foods stand to benefit from consumers switching from milk powder to fresh milk.

<span class="mw-page-title-main">Lanka Tiles</span> Sri Lankan manufacturing company

Lanka Tiles PLC, doing business as LANKATILES, is a glazed ceramic and porcelain tile manufacturing company in Sri Lanka. The company was incorporated in 1984 and two years later was listed on the Colombo Stock Exchange. Lanka Tiles was a part of the government-owned Ceylon Ceramics Corporation. In 1991, all but one division of Ceylon Ceramics Corporation was incorporated as Lanka Ceramic Limited. Ceylon Theatres acquired Lanka Ceramic from the government of Sri Lanka. In 2013, Royal Ceramics acquired 80% of the stake in Lanka Ceramic, thus bringing Lanka Tiles under the umbrella of the Vallibel One Group. The company capitalised on an anti-dumping duty imposed by the government of the United States on goods originating in China and started exporting mosaic tiles to the United States. Lanka Tiles is one of the 100 most valuable brands in Sri Lanka in 2022. Due to weakening demand as a result of the prevailing economic crisis in the country, the company restarted its operations in India. Lanka Tiles is also an LMD 100 company in Sri Lanka.

Dankotuwa Porcelain PLC is a porcelain tableware manufacturing company based in Dankotuwa, Sri Lanka. Dankotuwa Porcelain was incorporated in 1984 as a subsidiary of Ceylon Ceramics Corporation. Dankotuwa Porcelain was one of the four public enterprises that were privatised in December 1990. The company was converted to a public company in 1994 and listed on the Colombo Stock Exchange later in the same year. Environmental Resources Investment acquired the company in 2010 for a consideration of LKR433 million. Dankotuwa Porcelain acquired Royal Fernwood Porcelain from Browns Group in December 2013 for LKR305 million.

<span class="mw-page-title-main">Capital Alliance</span> Sri Lankan financial company

Capital Alliance PLC, abbreviated as CALT, is a primary dealer in Sri Lanka. The company is a subsidiary of Capital Alliance Holdings Ltd. Capital Alliance Holdings Group is an investment bank. The company was incorporated in 2000 as Capital Asia Markets Ltd, a subsidiary of Asia Capital Ltd. The company changed its name to Capital Alliance Limited two years later. In 2003, Capital Alliance obtained a primary dealer licence from the Central Bank of Sri Lanka. Following an initial public offering, the company was listed on the Colombo Stock Exchange in December 2021. Capital Alliance is ranked among the 100 most valuable brands in Sri Lanka.

References

  1. 1 2 "Annual Report 2022/23" (PDF). cse.lk. C T Holdings PLC. Retrieved 10 September 2023.
  2. ↑ "Sri Lanka 100 2019" (PDF). brandfinance.com. Brand Finance. Retrieved 14 September 2021.
  3. ↑ "LMD 100". lmd100.lk. LMD. Retrieved 14 September 2021.
  4. ↑ The Parliament of Sri Lanka (1965). Ceylon Sessional Papers. Government Press. p. 15. Retrieved 12 February 2023.
  5. ↑ "Ceylon Theatres". Far Eastern Economic Review . No. 31–32. Review Publishing Company Limited. 1961. p. 481. Retrieved 13 February 2023.
  6. ↑ Report of the Commission on Technical Needs in Press, Radio, Film Following the Survey in Twelve War Devastated Countries. UNESCO. 1950. p. 352. Retrieved 13 February 2023.
  7. ↑ Ganesh, Gopal (2008). Privatisation and Labour Restructuring. New Delhi: Academic Foundation. p. 92. ISBN   978-81-7188-634-0 . Retrieved 12 February 2023.
  8. ↑ "16. CT Holdings". businesstoday.lk. Business Today Online. Retrieved 26 February 2021.
  9. ↑ "Ceylon Theatres forms landmark partnership with BookMyShow". Daily FT . Wijeya Newspapers. 17 April 2018. Retrieved 26 July 2022.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.