The Bank has a wide presence in the country through its network of branches and ATMs and maintains a thrust towards expanding outside the traditional urban centres. The consolidated turnover of the Distilleries Company of Sri Lanka reportedly grew by 21% to Rs 56 billion and after tax profit grew by nearly 14% to Rs 4.2 billion. Tamil, English, and Sinhala are popular local language. With 18 investors in the country, many entrepreneurs are coming up with their innovative ideas that lead them to the business of that innovations as well. Being intrigued by the technology behind Uber, Jiffry Zulfer, the founder of PickMe, worked on to know more about GPS and GIS system. It may be noted that a high and growing top line performance by any company although necessary is not a sufficient condition to qualify as a top performer in the absence of profit. - High-end beach front hotel on the Mihiripenna / Dalawella beach in Talpe, one of the most expensive property area at the south coast. The concept of Creately is to give a web-based diagramming tool for those in needs of making diagrams like the flow chart. Mainly these places include the islands and famous beaches located close to Singapore. Software Business has 5 different software and few are having good reputation already and in generating profit. Do you have figures to support? Business Today has previously identified the John Keells Holdings as a worthy benchmark for all progressive businesses in Sri Lanka and is pleased to note that the Group's reemergence as the number one Business Today TOP 10 company substantiates that conviction. As a rule of thumb, the Business Today TOP 10 ranking could be viewed as a ‘Vision Board' of Corporate Sri Lanka. Business Today, true to its reputation as the magazine of the corporate world has since 1998, a decade ago, regularly conducted its own survey of top corporate performers and recognised and honoured the best of the best. 13 Nestle Lanka 13.500. With the beta testing of the app in 2015, a few months later Katha came official to the wide world. Prior to introducing the latest Business Today TOP 10 Companies, Business Today expresses its deep appreciation and admiration for the companies that have nurtured and shaped the Sri Lankan business landscape. Colombo, 2016. Most profitable Asia cigarette maker faces cheap cigar flood . This startup focuses on giving the best to the diner and the owner of the restaurant. PickMe is the Sri Lankan version of Uber. Back Heritage Present in Sri Lanka for over a century, The Distilleries Company of Sri Lanka PLC (DCSL), is one of the most profitable and well-respected corporate entities in the country. It is a data-driven, that connects you to the customer through real-time connections and automated messages to the clients. Emojis have taken over everywhere. It is a total Sri Lankan product being used at the US especially in the Silicon Valley. With the gradually increasing internet penetration rate, it is interesting to see these companies already onto using www as a platform to monetize their innovations. Previously, in 2003 the company had made a profit of Rs. Disadvantages of the leisure sector were mitigated by wealth creating operations in the form of port management services, cargo logistics, money transfer activity, plantations, and power generation, IT etc. © 2021 Business Today. Thank you for the comment. These sectors are unlikely to show improvement in the ensuing year, and together with declining palm oil prices in the world market, Carson Cumberbatch may well prepare to harness its innate and inculcated management prowess to profit in spite of adversity. The cloud computing system allows the ones with the access to study from anywhere and collaborate anytime. With no PayPal available in SriLanka, wants to localize all software for Sri Lankans. Given the situation of dependence on a product over which the company may have little influence in pricing, Lanka IOC's ability to maintain its position under present conditions, may lie in the balance. As at 31st March 2008, Cargills reportedly prided itself with 116 outlets spread across 19 districts. All the above said 20 startups are still budding ones, but fast budding ones. I’ll look into their story as well and bring it to our readers in my next blog post about Startups. Search This Blog. Sri Lanka: One Island Two Nations-1. The company has tried to make a success of casinos in other countries around the world, including the US, Sri Lanka, and China. There are several other local startups I might have happened to miss while writing. The 20 Most and Least Profitable Companies, Per Employee. Every year many hundreds of tourists from all over the world visit Sri Lanka. It is also noticeable that such startups have influenced the economy pattern of the nation in a positive way as well. Cinergrix is a Sri Lankan company registered in Australia which is a brainchild of. They have also developed a mobile app for the bus owners to get easy access to the seats booked online to make the manual booking easier. Having good reputation in the E Marketing and Software field. The company provides its services through the packages like. With the. Yet the Saudi kingdom’s influence on the state oil producer via high taxation is also denting its profitability and credit … Having good reputation in the E Marketing and Software field. PickMe is the Sri Lankan version of Uber. Being intrigued by the technology behind Uber. Right now, the company is an “accredited partner of Cisco and VMware.”. OMAK technologies is a solution for those hotel and restuarant owners who want to provide a digitized services. Sri Lanka is the best place to conduct small scale businesses. The Business Today TOP 10 is chosen based on a selection process devised and refined by Business Today. What busSeat.lk does is that they give the customers and bus owners a common online platform to sell and buy bus tickets. In a short span of time, LOLC has truly emerged as a “Sri Lankan global player” having operations in over 10 countries. I thought its a US company and used it when I was doing studies. The journey of Katha began on 2013 by the above said youngsters for “HSBC Youth Entrepreneurship Awards.” It is during this award selection, Mahen and Mudith became friends and started working on this app for Colombo Hackathon. Also, I have mentioned in my introduction of the blog that these startups needed to be watered in order to make a huge change in the startup culture of Sri Lanka. Based strictly on published financial information the Companies identified by Business Today TOP 10 have justified their business prowess by consistently outshining others in their performance. Not to mention that his partner in crime, Hiraash was also very fond into technology. Influenced by healthy world tea prices the Plantation sector of the Distilleries Company of Sri Lanka reported significant improvements in profitability. Required fields are marked *. Sachira decided to give up on WordPress and started on cloud computing which also focused on Sri Lankan IoT Market. The Business Today TOP 10 company ranking has earned its place in the Sri Lanka business calendar, and it is with humble pride that Business Today presents its latest ranking of companies based on their financial performance during the year 2007/08. In Sri Lanka, Nestlé has facilitated the first commercial silage enterprise in the North Western Province, to help dairy farmers in the region have uninterrupted access to feed and improve the quality and supply of local milk. Although lower than last year's growth rate of 7.4%, the achievement during the year is commendable in the context of increasing oil prices, high commodity prices and an escalating war in the North and East which at times spilled into the commercial capital, Colombo. What do you say? You can make your vacation experiences more interesting and valuable through Trekurious that has also established its branch in Bombay. It is a company Built by Lankans during their days in Australia, and it was registered there. What busSeat.lk does is that they give the customers and bus owners a common online platform to sell and buy bus tickets. Start food business location selection is first job after then decoration, staffs, types of food and etc. But when it comes to fixing such web application, most of the web app developers struggle. Will Workplace by Facebook Takedown Slack? Encountering the matching firm is from this moment on a child's play. Hatton National Bank has ventured in to overseas markets where either a strong Sri Lankan Diaspora is present or where opportunities are presented. As repeatedly observed in the past, competition for a position in the Business Today TOP 10 ranking is intense and closely contested. 06 Distilleries Company of Sri Lanka 17.700. Lots of web app developing companies develop web apps through Meteor Real Time web framework. It is quite true that PayHere’s role in SL is much appreciated especially with no PayPal in the country. Our know-how makes it achievable to dig up the ideal agency out of all those firms. With no PayPal available in SriLanka, Dhanika who is the founder of Bhasha has brought Payhere as a solution to the above said problem. With a view to realising the synergies of two leading corporate giants from the financial sector, Hatton National Bank combined with DFCC Bank to set up an investment bank to host an array of investment banking products and services. Within a year it came to a hit and is being used by the very well known companies like PayPal, Ebay, Amazon, IBM, Nat Geo, Google, Adobe, and even NASA. Interestingly, their services are extended broadly according to the users’ need. Commercial Bank of Ceylon, the globally respected, locally trusted name in commercial banking found its way up the ranking to number four from number seven last year. A … If you have enough capital to set up a pharmaceutical company, you will make lots of profit in the long term. Wouldn’t it be better to collect user’s feedback through emoji, rather than typing paragraphs of comments? 5 0. I think the portfolio of Creately might have given you the idea that Creately is an American company, but it is not. Dialog Telekom, the number one mobile telephony company in Sri Lanka, during 2007 reportedly grew its subscriber base by 37% to reach 4.3 million. Bhasha wants to localize all software for Sri Lankans. As the national telecom service provider Sri Lanka Telecom together with its mobile telephone service arm, Sri Lanka Telecom Mobitel, have built a credible reputation and a solid foundation that can be potentially used to make Sri Lanka a leading telecom centre in the region. Measures being taken by Sri Lanka are in line with those by governments across the world to curb smoking. An app built with the lessons learned from Katha. Small correction, ShoutOut is founded by Tharindu Dassanayake Not by Ahadu Tilahan. Good luck to you, Nice article and some interesting startups. I personally feel that such immense of interest shown into innovations and startups should be appreciable for the broad view of the founders of their market. The oil palm sector of the company must be credited for contributing largely towards the overall performance of Carson Cumberbatch. Sri Lanka had agreed to develop the strategic terminal under a deal in which India and Japan were to own 49% of the terminal’s shares while Sri Lanka… Dilendra stepped into this technology sector back in 1996 through his first company, Eureka Technology Partners. is basically to make sure that you never buy a bad product! The company reported the best performance in its history by recording a post tax profit of Rs 3.56 billion, an astounding improvement of 89% over the previous year. Just curious. The result was a setback in the Group's leisure sector. Trackme. Bloomberg: British American Tobacco Plc’s unit in Sri Lanka says it’s poised to lose its dominant position in the market to leaf-rolled cigars made … In 2007 the Dialog Telecom Group reported a post tax profit of Rs 8.97 billion and a turnover of Rs 32.5 billion. John Keells Holdings is a professionally managed Group and has done Sri Lanka proud in the past. The Colombo-Seychelles flight is still profitable mainly due to the transport of fresh vegetables and fruits from Sri Lanka. Most Profitable Small Businesses With the rise of technology, many of these most profitable businesses fall under the realm of online business ideas —but not all of them. The company provides its services through the packages like OMAK POS 360, which helps the hotels in boosting their sales and revenue and building an effective and efficient customer relationship. The leisure sector in the country came under stress due to less than desired macro conditions and travel warnings issued by countries, particularly in the West. The elevation in position was mainly because of a substantial growth in profits emanating from operations both in Sri Lanka as well as Bangladesh. The Chairman of the Company, in his message in the 2007/08 Report to the Company's shareholders states, "A key strategic priority at the board level is to build and scale up an organisation with the capability and the capacity to deliver our vision and objectives, while preserving the values of John Keells Holdings". They have grown up seeing continuous climatic change especially drought which made them think of using their passion in electronics to assist the farmers during drought. Tourism is one of the main small business in Sri Lanka. Check this company also Nanobotz IT Solutions (Pvt)Ltd. Companies that regularly secure a place in the list have done so through sustained performance and pursuing a clear strategy. All you have to do is buzz them and hand them the list of things you need and they’ll get everything you need to your door. Lanka IOC with its entry to the local market set the trend of modernised fuel stations in Sri Lanka complete of utilities and service facilities. Furthermore the Company's Maldivian resorts were only partially operational due to extensive refurbishment work. As a regional and global player, the Company is steadfastly committed to explore opportunities in power generation, tourism, logistics and Information Technology as focal areas of growth and consolidation. Sri Lanka is an island country located southeast of the Republic of India and northeast of the Maldives.According to the International Monetary Fund, Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income.. As of 2010, the service sector makes up 60% of GDP, the industrial sector 28%, and … In the Year 2007 Sri Lanka achieved a GDP growth rate of 6.4%. Takas is a platform which will get electronics order in their portal be delivered to the doorstep. They became one of the winners and the judges who were from, got them into Venture Engines as well. EPF (Employee Provident Fund) – EPF is considered as the largest Social Security Scheme in Sri Lanka and this fund is handled by the Labour Department of Sri Lanka and the management is done by the Central Bank of Sri Lanka. Check out yohobed – new kid in the block. 07 Dialog Axiata 17.200. The Company posted an impressive Rs.19.8 billion Profit after Tax (PAT) in comparison to Rs.19.6 billion PAT in the previous year, becoming the most profitable listed entity in Sri Lanka for two consecutive years. In a short span of time, LOLC has truly emerged as a “Sri Lankan global player” having operations in over 10 countries. It is notable that such startups are innovation and most of them are IT based startups. It is the potential and the dedication of the team that got recognized by the right people through the right platform to get it into the niche. of Quickee is to deliver goods you need at your doorstep. Carson Cumberbatch, subsidiary of the Bukit Dhara Company that occupied tenth position in the Business Today TOP 10 last year, secures eighth position in the ranking this year. Cinergrix is a Sri Lankan company registered in Australia which is a brainchild of Chandika Jayasundra. The company did so by reporting its highest net profit of Rs 2.3 billion and turnover of Rs 44.8 billion. The constituents are weighted by float-adjusted market capitalization, subject to a single stock cap of 15%, which is employed to reduce single stock concentration. Running errands in cities can be sometimes annoying and frustrating. HAMBANTOTA, Sri Lanka — Every time Sri Lanka’s president, Mahinda Rajapaksa, turned to his Chinese allies for loans and assistance … Earnings were enhanced due to a build-up of inventories at comparatively lower prices. Dhanika Perera calls it a “comprehensive solution for online payment barriers in Sri Lanka, offering Online Payment Accepting facilities to Sri Lankan Online Merchants in a convenient & affordable way, with a mission to Empower Sri Lankan eCommerce Industry.” It basically provides a platform for online payment facilities to the ones in Sri Lanka. Dialog Telekom enjoys a comfortable lead at present, but the company no doubt endowed with good foresight would wake up to the emerging challenges and revisit its business model and adjust its plans in the light of the new reality. Born in Dehiwala Colombo, Tony Weeresinghe dreamt of becoming an engineer. It is a Meteor Error tracking system that is. They have grown up seeing continuous climatic change especially drought which made them think of using their passion in electronics to assist the farmers during drought. If you have noticed, you can see that most them are young startups (like 3 years old ones) still they have managed to make some influence on the ecosystem. The company with good foresight began an out-grower programme and invested in farmer development. A simple observation of the latest Business Today TOP 10 ranking suggests, an increasing number of companies with diverse business interests occupying the ranking. You’ll also find ideas that fall within the realm of childcare, others that correspond more to B2B services, and some that suit entrepreneurs who are looking to be on the move with their businesses. Share on Facebook . The app is available for mobile and PC as well with the Trackme Features like “Real time location details” and fall detection. FOREWORD Corporate Charisma The 14 th annual edition of the Most Respected ranks the nation’s most admired corporations. The idea of Quickee is to deliver goods you need at your doorstep. June 30, 2018. According to the company this fuelled a YoY revenue growth of 24%. Sameera Nilupul and Chameera Wijebandara were at the university when they developed this product as their final project. Since he wouldn’t get a job from any of the corporate company on the island, he decided to get his dream company born. Profitable Side Hustles for Every Sri Lankan. It is the potential and the dedication of the team that got recognized by the right people through the right platform to get it into the niche. The island state became a plantation … A decade since privatisation, Sri Lanka Telecom has progressed from a one time State owned and managed bureaucratic institution to a modern dynamic ‘Blue Chip' on its way to setting the latest trends in ‘Information and Communication Technology' and leading Sri Lanka business beyond the country's shores. But when it comes to fixing such web application, most of the web app developers struggle. Being a Seed-star Colombo winner, the startup is the product of Ravihans Wetakepotha. Reported turnover was Rs 35 billion, up by 44% over the previous year. In Spite of the charge for every transaction, you are free of charge to set up an account on Payhere, unlike the local banks. And it is usually ambitious to meet the best firm in Sri Lanka. Singer (Sri Lanka) BV with 58.29% is the controlling shareholder of Regnis. The S&P Sri Lanka 20 index includes the largest 20 stocks by total market capitalization, listed on the CSE that meet minimum size, liquidity and financial viability thresholds. Read More. 20 Fastest Growing Startups In Sri Lanka you need to know about, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Google+ (Opens in new window). It is unique in that it provides services to all other operators in the country. Great work. 09 Lanka IOC 15.050. For those who worry that there is no PayPal in Sri Lanka, here is your answer. Sachira, who started coding since the age of 10, has set up a forum site, ElaKiri.com, with his friends and started it as an e-mag. Tweet on Twitter. Fabrics selling: As garments business is at good position is Sri Lanka. Software Business has … The 20 Most and Least Profitable Companies, Per Employee. This is evident by the feedback received during the last ten years of the ranking. Therefore it may well remain a durable source of advantage in sustaining the Group's position of excellence. According to SLASSCOM’s survey report, there are 225 entrepreneurs in with 75% of them are just between the age of 25-35. The idea is to make sure that loved ones are safe! Dhanika Perera calls it a “comprehensive solution for online payment barriers in Sri Lanka, offering Online Payment Accepting facilities to Sri Lankan Online Merchants in a convenient & affordable way, with a mission to Empower Sri Lankan eCommerce Industry.” It basically provides a platform for online payment facilities to the ones in Sri Lanka. ShoutOut is one of the solutions that is available to the local merchants to collaborate with their customers and feel more engaged than the usual collaboration. From 2018 to 2019, the value of Sri Lankan exports dropped by -9.2%. And in 2009, it was ranked as the 11th site that got more traffic. Hi, Gautham. The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies… , it is interesting to see these companies already onto using www as a platform to monetize their innovations. With the emergence of several eCommerce platforms, there is a need for Sri Lankans to have a proper online transaction method. Their first product was an automated sprinkler system called Digital Irrigation Automation (, Unlike the other famous startups of Silicon Valley which began with garages, the story of. Hello, Jiovani. The Business Today TOP 10 companies have been selected on the basis of their financial performance by Keith Bernard and Shiron Gooneratne, with the assistance of KPMG Ford Rhodes, Thornton & Co. Business Today thanks all past and present voluntary contributors, including Dinesh Weerakkody who opted out of the selection process in the interest of independence, for making the Business Today TOP 10 a reality. 15 Central Finance Company 9.750 It is a social media app that allows its users to share or collaborate with their followers through voice casts instead of texting,and it is actually a different way of podcasting. The Financial services and the Telecommunications sectors of the Group performed moderately well in the face of intense competition. The main service is done through getting the total hotel management that is from ordering a food to getting the bill, digitized. by FlagPictures.org Formerly known as Ceylon, the Democratic Socialist Republic of Sri Lanka shipped an estimated US$11.1 billion worth of goods around the globe in 2019. Notify me of follow-up comments by email. In 2014, Emojot was founded by Shahani Markus, Manjula Dissanayake, Andun S. L. Gunewardena and Sachintha Rajith which will allow the users to express their feeling about an event. Many fabrics selling small businesses have been established surrounding business area where … The result of his tour experience was. The beverage sector of Carson Cumberbatch performed well but the Group met with setbacks in most of its other business sectors such as investments, real estate and leisure. Business Today is guided by the principle of allowing equal opportunity and a level playing field for all public quoted companies of acceptable and comparable size to seize a place in the ranking. Sri Lanka Telecom offers a complete range of services covering voice, mobile, broadband, Internet and data. As repeatedly observed in the past, competition for a position in the Business Today TOP 10 ranking is intense and closely contested. Recognising human resources as critical to its success and deliberately investing substantially in the development of that resource has probably contributed in large measure to the John Keells success story. Which type are you? Aitken Spence & Company reported a net profit of Rs 1.8 billion for the year ended in March 2008. Takas.lk is a product of a young man who dared to oppose his family to achieve what he wants. Friday, 6 October 2017 00:00 - - {{hitsCtrl.values.hits}} Ceylon Tobacco says tax increases to narrow profit margins; Smokers seen switching to leaf-rolled products like beedis . According to data from the Bureau of Economic Analysis of the united states Department of Commerce, from the years 2000 to 2011, 99% of the total increase in employment was from the self-employed.