Type | Public |
---|---|
CSE: PLC.N0000 | |
ISIN | LK0399N00002 |
Industry | |
Founded | August 22, 1995 |
Headquarters | , Sri Lanka |
Key people |
|
Revenue | LKR27,104 million (2020/21) |
LKR12,896 million (2020/21) | |
LKR4,033 million (2020/21) | |
AUM | LKR101,500 million |
Total assets | LKR164,550 million (2020/21) |
Owner |
|
Number of employees | 2,343 (2020/21) |
Parent | Peoples' Bank |
Subsidiaries |
|
Website | www |
Footnotes /references [1] |
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. [2] The company is ranked 30th in LMD 100 , an annual list of leading listed companies in Sri Lanka. [3] Brand Finance placed the company 21st amongst the 100 most valuable brands in Sri Lanka. [4] 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.
The company was incorporated in 1995 as a limited liability company. During 2008/09 the company diversified into new business areas by forming two subsidiaries. People's Insurance Ltd was incorporated as a wholly-owned subsidiary in 2009/10. The company was listed on the Colombo Stock Exchange in 2010. The company merged with its subsidiary People's Finance PLC in 2013/14. [1] The company appointed a new CEO, Shamindra Marcelline in November 2020. [5]
Fitch Ratings affirmed the A+ credit rating for People's Leasing in September 2021 and the outlook is adjudged as stable in September 2021. [6] With a market share of 12% of the Finance and Leasing Company sector, the company is one of the largest finance and leasing companies in the country. [7] People's Leasing ranked 27th in Business Today's Top 40 for the year 2020/21. The company recorded the highest profit in the history of the company for the year 2020/21. [8] In 2021, the company issued LKR10 billion debentures and received applications for over LKR14 billion by the closure. [9] At the 56th Charted Accountants Awards, organised by the Institute of Chartered Accountants of Sri Lanka, the company received the silver award for the annual report 2020/21 in finance and leasing companies sector. [10] The company relocated its metropolitan branch to Vauxall Street in Slave Island, Colombo after renovation in December 2021. The premises was inaugurated by the company's chairman, Sujeewa Rajapakse. [11]
Dialog Axiata PLC, is one of Sri Lanka's largest telecommunications service providers, and the country's largest mobile network operator with 17.1 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.
John Keells Holdings PLC (JKH) is Sri Lanka’s largest listed company in the Colombo Stock Exchange. From managing hotels and resorts in Sri Lanka and the Maldives to providing port, marine fuel and logistics services to IT solutions, manufacturing of food and beverages to running a chain of supermarkets, tea broking to stock broking, life insurance and banking to real estate, the Group of companies has made its presence felt in virtually every major sphere of the economy.
People's Bank is a state-owned commercial bank in Sri Lanka. Second largest commercial bank in Sri Lanka. Established on 1 July 1961, it has its head-offices at Sir Chittampalam A. Gardiner Street in Colombo. The bank offer both retail and corporate banking services, with a network of 739 local branches, service centers and has an asset base of LKR 1.873 trillion (2019) with over 14 million customers. People's Bank received a high national long-Term Rating of AA+ by Fitch Rating. People's bank most awarded state-owned company such as "Green Plus" "Carbon Conscious Award". People's Bank became Sri Lanka's best performing bank. Bank mainly target small and medium enterprise.
Hayleys PLC was founded in 1878 and has since become one of Sri Lanka's largest multinational and diversified conglomerate. Hayleys single-handedly accounts for approximately 4.2% of Sri Lanka's export income, and 3.9% of the country's tea and 4.5% of its rubber production. With over 30,000 employees, Hayley was also the first listed entity in the country to surpass annual revenue of US$1 billion in Fiscal Year 2017/18. The company operates over 16 business sectors: eco solutions, hand protection, purification, agriculture, consumer and retail, leisure, textile manufacturing, construction materials, plantations, industrial solutions, power and energy, transportation and logistics, BPO, tea exports, projects and engineering, and investments and services. Hayleys comprises over 130 business units and subsidiaries, nine of which are publicly listed in the Colombo Stock Exchange. In addition to Sri Lanka, Hayleys today has manufacturing facilities in Indonesia and Thailand and marketing operations in Australia, India, Bangladesh, Italy, Japan, Netherlands, UK and USA and its products are sold in 80 countries.
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Edirisinghe Trust Investments Finance Limited also popularly known as ETI Finance is a Sri Lankan private limited company as well as a non banking financial institution which worked as a licensed finance company accepting deposits from general public. The company's business was primarily based on lending money on gold securities. On 13 July 2020, Central Bank of Sri Lanka decided to cancel the license of the company due to insufficient capital and financial problems regarding repaying depositors' money on demand as well as before maturity.
Vallibel One PLC is one of Sri Lanka's largest conglomerate companies. The company controls a massive subsidiaries chain and listed on the Colombo Stock Exchange since 2011. It has a market capitalisation of approximately Rs. 26.95 billion. The company wholly owns LB Finance, Royal Ceramics Lanka, and Delmege Group. The company was included in S&P SL 20 index in 2018.
C T Holdings PLC formerly known as Ceylon Theatres Limited, is one of the largest conglomerate companies in Sri Lanka. The company is incorporated in 1928 by Chittampalam A. Gardiner and quoted in 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 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.
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 received the award of the best textile exporter in Sri Lanka at the Presidential Export Awards in 2019 and ranked amongst the 100 most respected companies in the country by the LMD magazine. The company is a supplier to the brands such as Nike, PVH, L Brands, Marks & Spencer, Decathlon, Lidl, and Calzedonia.
Amaya Resorts & Spas, trading as Amaya Leisure PLC, is a Sri Lankan hospitality company. The company is listed on the Colombo Stock Exchange on March 11th, 1996 and Sri Lankan conglomerate, Hayleys owns a controlling stake of 61.66% of the company's stocks. In 2020, Amaya Resorts & Spas ranked 87th amongst the top 100 most valuable brands in Sri Lanka by Brand Finance.
Access Engineering PLC is a Sri Lankan civil engineering company engaged in the construction industry and supply of construction-related services and materials. The company is one of the constituents of the S&P Sri Lanka 20 Index. The company was found in 2001 and in 2012 was listed on the Colombo Stock Exchange. In 2019, for the third consecutive year, the company was named amongst the ten "Best Corporate Citizens in the Country" by the Ceylon Chamber of Commerce. Currently, the company is constructing the largest condominium in Sri Lanka with 1,068 units. Following the news that the Cabinet of Sri Lanka has granted the LKR 9.34 billion housing project in Elliot Road, Borella, the company's share price rose by five-fold.
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.
Tokyo Cement Company (Lanka) PLC is a Sri Lankan cement manufacturing company headquartered in Colombo. The company is engaged in manufacturing Portland cement, Pozzolana cement, tile adhesives and other cement products. Sri Lankan entrepreneur, A. Y. S. Gnanam founded the company in 1982. Tokyo Cement Company is a quoted company on the Colombo Stock Exchange since 1984. The company is one of the components of the S&P Sri Lanka 20 Index currently. The company is ranked 34 amongst Lanka Monthly Digests top 100 companies in Sri Lanka for the 2019/20 period.
WindForce PLC is the largest renewable energy private sector company in Sri Lanka. The company was incorporated in 2010 and in 2021 was listed on the Colombo Stock Exchange. The company commission, construct and operate power plants and generate power through wind, solar and hydropower.
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.
Overseas Realty (Ceylon) PLC is the largest listed real estate company in Sri Lanka. The company is the developer and the proprietor of World Trade Center Colombo and Havelock City. The company was incorporated in 1980 and was listed on the Colombo Stock Exchange in 1982. The company is ranked amongst the LMD 100, moving 17 positions up to number 76 for the fiscal year 2019/20.
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