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LMD (magazine)
''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. Compiled lists and indices ''LMD'' compiles and publishes popular company listings, rankings and indices. ''LMD'' 100 Dubbed "Sri Lanka's ''Fortune'' 500." The magazine has been publishing the ''LMD'' 100 since the 1994/95 fiscal year. The latest edition, the 28th edition of ''LMD'' 100 was published for the fiscal year 2020/2021 in 2022. Sri Lankan conglomerate, Hayleys Hayleys PLC, fou ...
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Editor-in-chief
An editor-in-chief (EIC), also known as lead editor or chief editor, is a publication's editorial leader who has final responsibility for its operations and policies. The highest-ranking editor of a publication may also be titled editor, managing editor, or executive editor, but where these titles are held while someone else is editor-in-chief, the editor-in-chief outranks the others. Description The editor-in-chief heads all departments of the organization and is held accountable for delegating tasks to staff members and managing them. The term is often used at newspapers, magazines, yearbooks, and television news programs. The editor-in-chief is commonly the link between the publisher or proprietor and the editorial staff. The term is also applied to academic journals, where the editor-in-chief gives the ultimate decision whether a submitted manuscript will be published. This decision is made by the editor-in-chief after seeking input from reviewers selected on the basis of re ...
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Expolanka
Expolanka Holdings PLC is a diversified conglomerate with interests in logistics, leisure and ventures with a global presence in 20 countries and over 50 cities. History Expolanka Limited was established in 1978 as the Sri Lankan economy was liberalised and is the flagship company of Expolanka Holdings. Initially a pioneer exporter of fresh produce, Expolanka has had sustained growth emerging as a strong group of companies. The group has diversified into exports, imports and trading, freight forwarding & logistics, manufacturing, airline representation & operation, travels & tours and information technology over the years. New Developments Having announced on 26 April 2011, its intention to go public with an initial public offering after successful private placement of its shares to broadbase ownership, Expolanka Holdings went ahead with the IPO on 12 May 2011 floating 172,000,000 ordinary voting shares at LKR 14 per share. Listed on the main board of the Colombo Stock Exchange ...
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Ceylon Cold Stores
Ceylon Cold Stores (CCS), trading as Elephant House, is a Sri Lankan company which produces carbonated drinks, ice cream and processed meat products. Despite competition from global competitors such as Coca-Cola and Pepsi, Elephant Soft Drinks remains the market leader in Sri Lanka. History Ceylon Cold Stores was established in 1866 as the Colombo Ice Company, which in 1863 imported the country's first ice-making machine. With an initial capital of £1,900, two steam engines of 8 and 9 horse power, and a total of 22 employees, the company started producing ice on a commercial scale. The company's first premises were located on Glennie Street, Slave Island and its popular name 'Ice Kompaniya' was used locally to identify the area, Kompaniveediya. German engineer Arthur Kurt Von Possner (1833–1900), who was the first manager of the company, introduced aerated water with the distinctive "Elephant" trademark on the bottles, which later became "Elephant House" and since that time ha ...
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Melstacorp
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. Deshamanya Harry Jayawardena is the Chairman . Lines of business Melstacorp subsidiaries are involved in industries such as Distilling, bottling and distribution of liquor, Insurance, Health, Manufacturing, Logistics, ICT, Telecommunications, Energy, Tea and Rubber Plantations, Hospitality, Property Development, Brand Management, and in Advertising. It is the holding company of Distilleries Company of Sri Lanka PLC. In addition to Distilleries Company of Sri Lanka PLC, Melstacorp PLC also owns the liquor manufacturing Company named Periceyl Private Limited (100%), Milford Holdings (Private) Limited (100%), Aitken Spence & Co. PLC (51%), Melsta Logistics (Private) Limited (100%), Melsta Technologies (Private) Limited (100%), Melsta Properties (Private) ...
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Vallibel One
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. History The Vallibel One PLC was founded by Sri Lanka business tycoon Dhammika Perera in 2010. In 2010, the company acquired Royal Ceramics Lanka PLC, LB Finance PLC, and Greener Water Limited as its subsidiary companies and a stake in Sampath Bank as a long-term strategic investment. Royal Ceramics Lanka PLC was listed under Forbes “Asia’s Best Under a Billion” during the year. In 2011, Vallibel One PLC acquired Delmege Group, a highly diversified conglomerate. The company moved headquarters to a new 16-storey building in Kollupitiya. The company was awarded by ''LMD'' as the most respected ...
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SLTMobitel
SLT-MOBITEL (formerly known as Sri Lanka Telecom, si, ශ්‍රී ලංකා ටෙලිකොම්, Śrī Laṃkā Ṭelikom, ta, ஸ்ரீலங்கா டெலிகொம்) is the national telecommunications services provider in Sri Lanka and one of the country's largest companies with an annual turnover in excess of Rs 40 billion. The company provides domestic and corporate services which include fixed and wireless telephony, Internet access and IT services to domestic, public and business sector customers. History SLTMOBITEL (formerly Sri Lanka Telecom) has a history of over 160 years, having started its operations in 1858 with the establishment of the first Telegraphic Circuit between Galle and Colombo. In the same year, it established its first international Telegraph Communication between then called Ceylon, and India. Since then, Sri Lanka Telecom has passed several milestones, including: in 1991 Sri Lanka Telecom became a Corporation and in 1997 the c ...
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Sampath Bank
Sampath Bank PLC ( si, සම්පත් බැංකුව, sampat bæṁkuva) is a licensed commercial bank incorporated in Sri Lanka in 1987 with 229 branches and 373 ATMs island-wide. It has won the "Bank of the Year" award by "The Banker" of ''Financial Times Limited – London'', for the second consecutive year and the "National Business Excellence Awards 2010". It has become the third largest private sector bank in Sri Lanka with Rs. 453 billion in deposits as of 30 June 2016. History The bank was originally incorporated as Investment and Credit Bank Limited in 1988. The bank became popularly known as Sampath. In 1988, Sampath Bank started to operate a multi-point network of automated teller machines (ATMs) for the first time in the country, as "Sampath Electronic Teller" or "SET". Then, with the popularity of ATM banking introduced MasterCard (in 1989), PBU (Personal Banking Unit) and Uni-Banking System. The bank was the first to introduce debit cards in South Asia in ...
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Cargills (Ceylon)
Cargills (Ceylon) PLC is a Sri Lankan Retail, FMCG, Banking and Restaurant company which is listed on the Colombo Stock Exchange. The controlling interest in the company is held by Ceylon Theatres PLC. History In 1844 British businessman William Milne started ‘Milne & Company', general warehousemen, importers of oilman stores etc, with branches in Kandy and Galle. In 1850 Milne was joined by his friend, David Sime Cargill, and the firm became ‘Milne, Cargill & Co'. In 1860 Milne retired from business in Ceylon and moved back to Scotland to form a company in Glasgow to look after the business of Cargill & Co. in the UK. Cargill became the sole partner until he was joined by David MacKenzie and the name was changed to ‘Cargill & Co’. The company had a Colombo office at the intersection of Price and York Streets in Colombo Fort, a Kandy office at Upper Lake Road and an office in Galle Fort at 22 Pedlar Street. The Galle office was closed down in 1863. In 1890 the business e ...
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C T Holdings
C T Holdings PLC, formerly known as Ceylon Theatres Limited, is one of the largest conglomerate companies 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''. History Ceylon Theatres Limited was founded by Chittampalam A. Gardiner and Alfred Thambiayah in 1928. It is the first Ceylonese company to enter the film screening business. Four years later the company was floated. The Regal Cinema in Colombo and another in Nuwara Eliya made up the assets of the company. By 1950, Ceylon Theatres was the largest film circuit in the country. The company controlled 69 permanent cinemas of which 14 were located in Colombo. In 1981, u ...
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Carson Cumberbatch
Carson Cumberbatch PLC is one of the largest conglomerates in Sri Lanka which also has business interests in Indonesia, Malaysia, and India. The company has its origin in the colonial era, having been founded by merging two companies founded by R. B. Carson and Henry Cumberbatch (nephew of Robert William Cumberbatch). The Selvanathan family, founders of the Sri Krishna Corporation, is the ultimate controlling shareholder of the company. History The company has its origin in the colonial era, having founded by merging two companies founded by R. B. Carson and Henry Cumberbatch (nephew of Robert William Cumberbatch). The rubber interest of the Carson and Company traded in 1910 in London Stock Exchange with a capital of 1.5 million sterling pounds thus making it the largest rubber business of the country at that time. The Carson and Company converted to a limited liability company in 1913, and the merger with Cumberbatch and Company happened in 1947. In 1976, the company diversi ...
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Dialog Axiata
Dialog Axiata PLC ( si, ඩයලොග් ආසිආටා පීඑල්සී, Ḍayalog Āsiāṭā PīElSī, ta, டயலொக் ஆசியாடா பிஎல்சி) (formerly known as MTN Networks and later Dialog Telekom), is one of Sri Lanka's largest telecommunications service providers, and the country's largest mobile network operator with 17.1 milliosubscribers which amounts to 57% of the Sri Lankan mobile market. Dialog is a subsidiary of Axiata Group, Axiata Group Berhad which owns 83.32% controlling stake of the company, while the rest is held by the public. Dialog was Listed on the Colombo Stock Exchange in 2005 June As of February 2017 Dialog Axiata holds billion () in market capitalization and the 5th largest listed company in Sri Lanka by Market Capitalization. In 2015 "Dialog" brand name was valued at LKR 28.6 billion (US$204 million) and as the 3rd most valuable brand in the country by business magazine '' LMD'' in its annual study. In 2014 th ...
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John Keells Holdings
John Keells Holdings PLC (JKH) is one of the largest conglomerate companies in Sri Lanka. 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. JKH is a full member of the World Economic Forum and has issued Global Depository Receipts on the Luxembourg Stock Exchange, and was the first Sri Lankan company to be listed overseas. As a Member of the Global Compact – the United Nations-sponsored international corporate citizenship initiative, JKH is also committed to sustainable development and greater social responsibility, in a multi-stakeholder context. Keells continues its position as the most valuable company in Sri Lanka since the 1980s. History Edwin and G ...
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