 | This article needs additional citations for verification .(December 2020) |
This article lists the largest companies in Sri Lanka terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes and local business magazine LMD. [1] [2]
This list is based on the LMD, which ranks the largest publicly traded companies. [3]
| Rank | Name | Financial statistics in millions LKR | Industry | |||
|---|---|---|---|---|---|---|
| Revenue | Profit | Assets | Market Cap. | |||
 1 | Hayleys PLC | 241,276 | 14,046 | 279,383 | 45,600 | Conglomerate |
| 2 | LOLC Holdings | 160,482 | 53,196 | 874,944 | 138,758 | Conglomerate |
| 3 | Hatton National Bank | 134,436 | 13,662 | 1,371,483 | 53,028 | Banking |
| 4 | Dialog Axiata | 120,142 | 12,003 | 187,693 | 106,260 | Telecommunications |
| 5 | Bukit Darah | 114,808 | 9,728 | 187,263 | 33,635 | Beverage |
| 6 | Expolanka Holdongs | 218,735 | 14,880 | 68,184 | 87,385 | Logistics |
 7 | Commercial Bank of Ceylon | 151,966 | 17,087 | 1,762,496 | 96,140 | Banking |
| 8 | John Keells Holdings | 127,676 | 3,951 | 536,794 | 195,969 | Conglomerate |
| 9 | Carson Cumberbatch | 114,836 | 9,711 | 197,074 | 54,694 | Conglomerate |
| 10 | CT Holdings | 112,941 | 3,321 | 92,154 | 34,239 | Retail |
Dialog Axiata PLC, is one of Sri Lanka's largest telecommunications service providers, and the country's largest mobile network operator with over 17 million subscribers which amounts to 57% of the Sri Lankan mobile market. Dialog is a subsidiary of Axiata Group Berhad which owns 83.32% controlling stake of the company, while the rest is held by the public.
Don Harold Stassen Jayawardena, known as Harry Jayawardena, is a Sri Lankan industrialist. He is chairman of Melstacorp PLC and is the Honorary Consul General for Denmark in Sri Lanka. Forbes listed him as one of the richest people in Sri Lanka.
Dilith Susantha Jayaweera is a Sri Lankan Businessman, Entrepreneur, Media mogul, Lawyer and Politician. In 2011, he was named by the LMD as one of the ten ‘Business People of the Year’. In 2020, Dilith Jayaweera was among 100 corporate leaders named by the LMD on its A-list of businesspeople who continue to drive the engine of growth in Sri Lanka. He is the Chairman of George Steuart & Co., Sri Lanka's oldest mercantile establishment and Derana, one of Sri Lanka's largest media networks. He entered Politics officially in September 2023, and was appointed the leader of the Mawbima Janatha Party.
Ceylinco Insurance PLC is the largest private sector insurance company in Sri Lanka. The company is also engaged in the education and renewable energy sectors. The company offers both life insurance and all classes of general insurance. The company was incorporated in 1987 when the government ended its state monopoly over the insurance sector and the company was listed on the Colombo Stock Exchange the following year. Ceylinco Insurance is an LMD 100 company, an annual list of public companies in Sri Lanka by revenue and ranked 23rd in the 2020/21 edition.
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.
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).
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.
LMD, formerly known as Lanka Monthly Digest, is an English language Sri Lankan business magazine. The magazine is owned by Media Services (Pvt) Ltd and was first issued in August 1994. The magazine is available in print and online versions. Hiran Hewavisenti is the magazine's editor-in-chief. LMD derives its revenue through both advertising and subscription fees. Monthly circulation is about 5,000 while monthly readership is around 30,000-40,000. The magazine has a subscriber base of about 1,800. Living and Discover Sri Lanka are the sister publications of the magazine.
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.
People's Leasing & Finance PLC, sometimes called People's Leasing Company or commonly abbreviated PLC, is a licensed non-banking financial company in Sri Lanka. The company is ranked 30th in LMD 100, an annual list of leading listed companies in Sri Lanka. Brand Finance placed the company 21st amongst the 100 most valuable brands in Sri Lanka. The company was incorporated in 1995 and in 2010 listed on the Colombo Stock Exchange. 75% of the shares of the company is held by the People's Bank, one of the two government-held banks of Sri Lanka.
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.
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.
LAUGFS Gas PLC is a liquefied petroleum gas (LPG) company based in Sri Lanka. The company commenced operations in 2001 and in 2010, was listed on the Colombo Stock Exchange following an initial public offering. LAUGFS Gas expanded its operations to Bangladesh and the United Arab Emirates. In 2019, the company opened an LPG terminal at the Hambantota International Port, the largest of its kind in South Asia. LAUGFS Gas is ranked 33rd in LMD 100, an annual list of Sri Lankan listed companies by revenue. The Sri Lankan economic crisis heavily affected the operations of the company. Difficulties in securing foreign exchange have resulted in the disruption of LPG imports, shortages in the market and long queues. The company controls a number of subsidiaries but divested its Bangladesh operations in November 2022.
E. B. Creasy & Company PLC is a conglomerate holding company in Sri Lanka. The company was founded in 1878. E. B. Creasy acquired Darley Butler & Company, another one of the oldest companies in Sri Lanka in 1967. The company went public in 1968 and was listed on the Colombo Stock Exchange. E. B. Creasy & Company is one of the largest conglomerates in Sri Lanka with a brand value of LKR1,538 million in 2019. The company was ranked 71st in the LMD 100, an annual list of quoted companies in Sri Lanka in 2019.
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.
Bairaha Farms PLC is a poultry processing company in Sri Lanka. The company was founded in 1975 and went public with an initial public offering in 1994. By 1987, Bairaha Farms became the largest broiler producer in Sri Lanka. During the late 1990s, Bairaha was one of the three dominant animal feed manufacturers. A Bairaha Farms' joint venture won a bronze award at the National Chamber of Exporters Awards in 2011. Bairaha Farms is one of the LMD 100 companies in Sri Lanka and one of the 100 most valuable brands in the country in 2022. The company conducts several corporate social responsibility programmes.
Union Assurance PLC is an insurance company in Sri Lanka. Union Assurance was founded in 1987 and was listed on the Colombo Stock Exchange in the following year. In 2009, John Keells Holdings acquired a controlling stake in the company. The company divested its general insurance business to Fairfirst Insurance and focused on life insurance in 2015. The company was a constituent of Forbes Asia's Best Under a Billion list in 2018. Union Assurance is one of the LMD 100 companies in Sri Lanka. The company is also one of the 100 most valuable brands in Sri Lanka.
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.
Softlogic Life Insurance PLC, formerly known as Asian Alliance Insurance, is an insurance company in Sri Lanka. The company was founded in 1999 as Asian Alliance Insurance, a joint venture between Asia Capital PLC and Richard Pieris & Company. Softlogic Holdings and its subsidiary Softlogic Capital PLC acquired a controlling stake in the Asian Alliance Insurance in 2011 for LKR3.3 billion. The company segregated its life and non-life insurance businesses and then divested its non-life insurance to Fairfax Financial. The company changed its name in 2016 to Softlogic Life Insurance. The company is a constituent of the S&P Sri Lanka 20 Index. Softlogic Life is one of the LMD 100 companies in Sri Lanka. The company is also ranked among the 100 most valuable brands in the country.
| Companies | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Currency, Governance | |||||||||
| History | |||||||||
| People | |||||||||
| Promotion | |||||||||
| Sectors |
| ||||||||
| International cooperation | |||||||||
| See also | |||||||||
