JAT Holdings

Last updated
JAT Holdings PLC
Company type Public
CSE:  JAT.N0000
ISIN LK0469N00003
Industry Materials
FoundedJuly 1, 1993;31 years ago (1993-07-01)
FounderJoyce Gunawardene
Aelian Gunawardene
Tyrone Gunawardene
Headquarters
Thalawathugoda
,
Sri Lanka
Key people
  • Sivakumar Selliah (Chairman)
  • Aelian Gunawardene (Managing Director)
  • Nishal Ferdinando (CEO)
Products
  • WHITE by JAT
  • Sayerlack
  • Harris Brushes & Rollers
  • Herman Miller
  • SEA
  • Houros
RevenueIncrease2.svg LKR2.603 billion (2021/22)
Increase2.svg LKR1,186 billion (2021/22)
Increase2.svg LKR1,211 billion (2021/22)
Total assets Increase2.svg LKR11,544 billion (2021/22)
Total equity Increase2.svg LKR7,747 billion (2021/22)
OwnerAelian Gunawardene (65.014%)
Number of employees
Increase2.svg 386 (2021/22)
Website jatholdings.com
Footnotes /references
[1]

JAT Holdings PLC is a Sri Lanka based multinational paint company headquartered in Thalawathugoda, Sri Lanka. [2] [3] [4] The company is engaged in the business of manufacturing, selling and distribution of paints, wood coatings and products related to the retail and industrial sectors. [5] [6] [7] As of 2016, it has the largest market share with 75% in the Sri Lankan paint industry. [8] [9]

Contents

History

The company was started in 1993 by Joyce Gunawardene, Aelian Gunawardene and Tyrone Gunawardene [10] and named the company from the initials of the three founding brothers. The company first became the principal agent of the Italian multinational company Sayerlack and introduced polyurethane coatings in Sri Lanka. [11] In 2002, the company set up a large scale manufacturing plant in Kahathuduwa. [12]

In 2015, the company acquired Ceynox Networks, an information technology company and created the JAT Technologies. [13] In 2017, the company signed cricketer Rangana Herath as their brand ambassador. [14]

In 2020, JAT Holdings was ranked amongst the LMD's Top 20 Conglomerate Brands in Sri Lanka. [15]

In 2021 JAT Holdings was listed in the Colombo Stock Exchange (CSE), . [16]

Business

The company is a manufacturer of paints and coatings; [17] and also a distributor of brands including Sayerlack, Harris, BormaWachs, Norton, Brush Master, Masters, J CHEM. [18] [19] [20] JAT holdings also offer a furnishing range of brands such as Herman Miller, SEA and Houros. The company entered the real estate development in 1995 and developed residential colonies in the country. [21]

Sponsorships

The company is one of the major sponsor of sports in the country and has sponsored several events for cricket, [22] tennis, golf and other major sports. [23] [24] [25]

Related Research Articles

<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">C T Holdings</span> Sri Lankan conglomerate holding company

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. C T Holdings also ranked eighth in the LMD 100, a list of leading listed companies in Sri Lanka by the business magazine, LMD. The company holds a 71% stake in Sri Lanka's largest food company, Cargills (Ceylon).

<span class="mw-page-title-main">Teejay Lanka</span> Knitted fabric manufacturer in Sri Lanka

Teejay Lanka PLC formerly known as Textured Jersey Lanka is a knitted fabric manufacturer in Sri Lanka and is one of the constituents of the S&P Sri Lanka 20 Index of the Colombo Stock Exchange. The company is a supplier to the brands such as Nike, PVH, L Brands, Marks & Spencer, Decathlon, Lidl, and Calzedonia.

Cinnamon Hotels & Resorts is a Sri Lankan luxury hotel chain brand.

<span class="mw-page-title-main">John Keells Hotels</span> Sri Lankan hotel holding company

John Keells Hotels PLC is a hotel holding company in Sri Lanka. John Keells built its first resort in 1973 in Habarana. John Keells' hotel management company operated under several names. In the 1970s, the company was known as Walkers Tours Hotels. Then in the 1980s, it was known as simply Hotel Management & Marketing Services, and finally, in the 1990s, the company became to known as John Keells Hotels. John Keells ventured into the Maldives in 1996 with the acquisition of Velidhu Resort Hotel. In 2004, the hotel chain underwent a major restructuring. All resorts were brought under John Keells Hotels Limited, and the company was listed on the Colombo Stock Exchange.

Chevron Lubricants Lanka PLC is a manufacturer, distributor and marketer of Petroleum-based lubricants in Sri Lanka. The company is one of the constituents of the S&P Sri Lanka 20 Index and the Chevron Corporation holds a controlling stake (51.00%) of the company's stocks. The company offers engine oils, gear oils, transmission oils under the brand name Havoline while offering diesel vehicle engine oils, industrial lubricants, coolants, brake fluids under the brand name Delo. For the financial year 2019/20, Chevron Lubricants Lanka was ranked 67th in LMD 100, a list of listed companies by revenue in Sri Lanka.

<span class="mw-page-title-main">Central Finance Company</span> Sri Lankan non-banking financial company

Central Finance Company PLC is one of the oldest non-bank financial institutions (NBFIs) in Sri Lanka having founded in 1957. The company is listed on the Colombo Stock Exchange in 1969. Brand Finance ranked the company the 28th most valuable brand in Sri Lanka for the year 2021. Central Finance Company was ranked 44th in the LMD 100 for the fiscal year 2019/20 by LMD.

<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">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">Swadeshi Industrial Works</span> Personal care products manufacturing company in Sri Lanka

The Swadeshi Industrial Works PLC is a personal care products manufacturing company in Sri Lanka. The company became the first local soap manufacturing company when the company was incorporated in 1941. Swadeshi is a listed company on the Colombo Stock Exchange. Brand Finance calculated Swadeshi Industrial Works' brand value to be LKR543 million in 2022 and ranks the company as 85th most valuable brand in Sri Lanka.

<span class="mw-page-title-main">HDFC Bank of Sri Lanka</span> Specialised bank in Sri Lanka

The Housing Development Finance Corporation Bank of Sri Lanka PLC, commonly abbreviated as HDFC Bank of Sri Lanka PLC, is a specialised housing bank in Sri Lanka. The bank commenced operations in 1984 as a building society. Through successive acts in the Parliament of Sri Lanka over the years, the bank transformed into a state-owned enterprise, then a specialised bank and a listed company on the Colombo Stock Exchange in 2005. Since widening its scope of business in 2011, the bank established itself as a supporter of small and medium-sized enterprises. The government of Sri Lanka holds 51% of the bank's stocks, mainly through the National Housing Development Authority. HDFC Bank is one of the LMD 100 companies in Sri Lanka. The bank ranked 78th in the 2020/21 edition. Brand Finance calculated the brand value of HDFC Bank to be LKR763 million in 2022. Due to the effects of the Sri Lankan economic crisis, Fitch Ratings placed the bank along with twelve other Sri Lankan banks on Rating Watch Negative.

<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">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">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">LOLC Finance</span> Sri Lankan non-banking financial company

LOLC Finance PLC is a non-banking financial company based in Sri Lanka. LOLC Holdings is the ultimate parent company of LOLC Finance. The company was founded as LOLC Finance Company Limited in 2001. In 2003, the company changed its name to Lanka ORIX Finance Company and commenced operations. Lanka ORIX Finance Company became a public company in 2011 with its listing on the Colombo Stock Exchange. The company adopted its current name in 2015. LOLC Finance is one of the LMD 100 companies in Sri Lanka. The company is also one of the 100 most valuable brands in the country. LOLC Finance has been a constituent of the S&P Sri Lanka 20 Index since the end of 2021. LOLC Finance merged with its sister company, Commercial Leasing & Finance PLC in 2022. The merger resulted in LOLC Finance becoming the largest non-banking financial company in the country.

<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 was 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.

<span class="mw-page-title-main">Sierra Cables</span> Sri Lankan cable manufacturer

Sierra Cables PLC is a cable manufacturing company in Sri Lanka. Sierra Cables was incorporated in 1999 as a part of Sierra Construction. The company became a public company with an LKR600 million initial public offering in 2005. Sierra Cables moved to build a manufacturing plant in Kenya in 2015. The following year, the company planned to establish its second foreign operations in Fiji. In 2018, the company was transferred to the Watch List by the Colombo Stock Exchange due to going concerns over two of its subsidiaries including, its East African operations.

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. ↑ "Annual Report 2021/22" (PDF). cse.lk. JAT Holdings PLC. 2022. Retrieved 11 February 2023.
  2. ↑ "MAS teams up with JAT Holdings for chemical leasing deal". Lanka Business Online . 2017-10-02. Retrieved 2018-07-23.
  3. ↑ "JAT Paints launches revolutionary new paint using pigment from natural flowers". The Daily Mirror (Sri Lanka) . 14 May 2018.
  4. ↑ "JAT sponsor of Bangladesh - Sri Lanka cricket series". Daily News (Sri Lanka) . Retrieved 2018-07-23.
  5. ↑ "JAT Holdings makes paint from discarded flowers". Sunday Observer . 2018-04-28. Retrieved 2018-07-23.
  6. ↑ admin. "JAT Holdings adds colour to Sri Lanka – Australia Test as Title Sponsor with 'JAT Paints Cup'". Colombo Diary. Retrieved 2018-07-23.
  7. ↑ "JAT Holdings in Brands Finance top 10 'Strongest Conglomerate Brands'". The Daily Mirror (Sri Lanka) . Retrieved 2018-07-23.
  8. ↑ "JAT conferred Sri Lanka Best Employer Brand Award". Lanka Business Online . 2016-11-08. Retrieved 2018-07-23.
  9. ↑ "CH & FC Rugby powered by JAT Holdings". Daily News (Sri Lanka) . Retrieved 2018-07-23.
  10. ↑ "JAT rebrands, gears for growth and regional expansion". The Daily Mirror (Sri Lanka) . Retrieved 2018-07-23.
  11. ↑ "Jat Holdings joins hands with Touchwood Investments PLC". The Sunday Times (Sri Lanka) . Retrieved 2018-07-23.
  12. ↑ PressReader https://www.pressreader.com/sri-lanka/daily-mirror-sri-lanka/20140410/282355447721522 . Retrieved 2018-07-23.{{cite web}}: Missing or empty |title= (help)
  13. ↑ "JAT Technologies wins Flame Entrepreneur Award 2016". The Daily Mirror (Sri Lanka) . Retrieved 2018-07-23.
  14. ↑ "JAT signs Rangana Herath as Brand Ambassador | JAT Holdings". www.jatholdings.com. Archived from the original on 2018-07-23. Retrieved 2018-07-23.
  15. ↑ "Brands Annual 2020". LMD . Media Services. 12 May 2020. Retrieved 11 February 2023.
  16. ↑ "Investor Relations". www.jatholdings.com. Retrieved 2021-12-31.
  17. ↑ "JAT இன் புத்தாக்கமான தயாரிப்புகளில் புதிய உள்ளடக்கமாக Master Plaster அறிமுகம் | Virakesari.lk". Virakesari . Retrieved 2018-07-23.
  18. ↑ "Don't just paint it, Crown it with JAT". The Daily Mirror (Sri Lanka) . 12 December 2017.
  19. ↑ "MAS teams up with JAT Holdings for chemical leasing deal". Lanka Business Online . 2017-10-02. Retrieved 2018-07-23.
  20. ↑ "JAT Holdings introduces revolutionary Master Plaster" . Retrieved 2018-07-23.
  21. ↑ "Sri Lanka's JAT launches 3rd luxury apartment development project". Lanka Business Online . 2017-09-28. Retrieved 2018-07-23.
  22. ↑ "JAT Holdings Stamps its Presence at the International Cricketing Arena". The Daily Mirror (Sri Lanka) . Retrieved 2018-07-23.
  23. ↑ "Sunday Times - Cricket: JAT Holdings synonymous with Sports Sponsorships". The Sunday Times (Sri Lanka) . Retrieved 2018-07-23.
  24. ↑ "JAT Holdings setting up world-class stadium for tennis". The Sunday Times (Sri Lanka) . Retrieved 2018-07-23.
  25. ↑ "Mithun leads Lankan charge | The Sunday Times Sri Lanka". The Sunday Times (Sri Lanka) . Retrieved 2018-07-23.
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.