The free-market economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 and $296.959 billion by purchasing power parity (PPP). The country has experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers but has slowed since then. In 2019 with an income per capita of 13,620 PPP Dollars or 3,852 (2019) nominal US dollars, Sri Lanka was re-classified as a lower middle income nation by the World Bank from a previous upper middle income status.
Dialog Axiata PLC, is one of Sri Lanka's largest telecommunications service providers, and the country's largest mobile network operator with 14.275 million subscribers which amounts to 44% 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.
Seylan Bank PLC is a publicly owned Commercial Bank in Sri Lanka. It has branches both in urban as well as rural areas of Sri Lanka. Seylan bank had 167 banking centres island wide, 3000 staff members, an ATM network of 205 units covering crucial locations, 9 branches providing 365 day banking in 2020. The bank was formed as a licensed commercial bank which was incorporated with a shareholder base.
Sri Lanka Insurance Corporation Limited, also known as Sri Lanka Insurance is the largest and strongest composite insurance provider in Sri Lanka. It is the first and only insurance company in Sri Lanka to be assigned a prime AAA- rating for Insurance Financial Strength from the US rating agency Fitch Ratings New York City. The company now manages assets worth over US$1102 Million.
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.
Hemas Holdings PLC is a diversified corporate with focused interest in consumer, healthcare, mobility and leisure. Hemas is a publicly listed company with over 8000+ employees.
Melstacorp PLC is a Sri Lankan diversified conglomerate. It is listed in the Colombo Stock Exchange. Melstacorp PLC is one of the 10 largest listed companies. It has a market capitalization of approximately USD 450 million.
Dilith Jayaweera is a, Sri Lankan corporate leader and a prominent figure in the country's advertising industry. In 2011, he was named by the LMD Magazine 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 the largest media networks in Sri Lanka.
Saman Kelegama was a Sri Lankan economist, author and the executive director of the Institute of Policy Studies (IPS).
Kulappu Arachchige Don Dhammika Perera, known commonly as Dhammika Perera is a Sri Lankan entrepreneur/business magnate and philanthropist, and Chairman/Managing Director of Vallibel One PLC. As a successful investor, he has become one of the richest persons in Sri Lanka. He was featured in Forbes Asia Magazine in 2013. He owns nearly 23 companies and regarded as a pioneer of Sri Lankan economic growth after the end of Sri Lankan Civil War. He is also known for frequently addressing the required policy framework for the country.
Lakshman Arjuna Mahendran is a Sri Lankan born, Singaporean economist and banker. He is a former Governor of the Central Bank of Sri Lanka (CBSL), having been appointed by President Maithripala Sirisena in January 2015 and served until the end of his term in 30 June 2016. He was the former Managing Director of HSBC Private Bank, Chief Investment Officer of Emirates NBD as well as Chairman and Director-General of the Board of Investment of Sri Lanka. Mahendran is currently residing in Singapore, which has refused to extradite him on a request from Sri Lanka routed through interpol.
Cargills Bank Limited is a licensed commercial bank in Sri Lanka. It received its license from Central Bank of Sri Lanka to operate domestic and offshore banking business on 21 January 2014 and was ceremonially opened on 30 June 2014. At present the bank consists of 17 branches island-wide with the head office based in Kollupitiya.
Softlogic Holdings PLC is a diversified conglomerate in Sri Lanka engaged in ICT, Healthcare, Retail, Financial Services, Automobiles and Leisure
Central Bank of Sri Lanka bond scandal which is also referred as CBSL bond scam was the culmination of a fratricidal political dispute between the President and his Prime Minister in Sri Lanka. The so-called scam which happened on 27 February 2015 and was alleged to have caused losses of more than US$ 11 million to the nation, though the basis for those loss calculations are disputed. Mr Mahendran states in an article that he was victimized by a section of senior Central Bank staff who resisted his attempt to raise government debt in a manner which was conducive to the operation of an open transparent bond market.
Kasturi Angela Chellaraja Wilson is a businesswoman and the first female Group CEO of a public quoted conglomerate in Sri Lanka. At present she is the Managing Director of Hemas Pharmaceuticals PVT LTD and Hemas Surgicals and Diagnostics PVT LTD; subsidiaries of Hemas Holdings PLC. On 25 June 2020, it was announced that she would take over as Group CEO of Hemas Holdings PLC from current Group CEO, Steven Enderby; effective 1 October 2020. It was also announced that Kasturi would be appointed as a Non-Executive Director of Hemas Holdings PLC, effective from 1 July 2020.
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 largest conglomerate company. Company control massive subsidiaries chain. Company listed in the Colombo Stock Exchange since 2011. It has market capitalization of approximately Rs. 26.95 billion. The company wholly owns Hayleys Group (51.01%), LB Finance, Royal Ceramics Lanka, Delmege Limited and The Kingsbury Hotels. Company nominated S&P SL 20 index in 2018.
739 branches (2019) [1] 
