LOLC Holdings PLC is a Sri Lankan conglomerate listed on the

Colombo Stock Exchange The Colombo Stock Exchange (CSE) ( si, කොළඹ ව්‍යාපාර වස්තු හුවමාරුව, translit=Kolamba Vyapara Vasthu Huvamaruva; ta, கொழும்பு பங்கு பரிவர்த்தனை) i ...

(CSE). Originally starting as a

non-banking financial company A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate ba ...

LOLC has grown into one of the largest Sri Lankan conglomerates involved in many sectors and subsidiaries in several countries although it is still mainly involved in the financial sector.

History

LOLC was originally founded as Lanka ORIX Leasing Company (LOLC) which then grew into the LOLC Group. As diversification and growth continued LOLC became a holding company. By 2019/20 LOLC was among the most profitable companies in Sri Lanka but adopted a strategy of aggressive expansion without paying dividends to fuel overseas expansion in Cambodia, Myanmar, Pakistan, Philippines, Indonesia, Nigeria and Zambia. In January 2021 the market capitalization of LOLC Holdings exceeded $1Billion. LOLC using its Browns Investments PLC also became the partner of China Harbour Engineering Company Limited for the development of the Colombo International Financial Center Mixed Development Project. Becoming the first major local investor in the megaproject.

Subsidiaries

LOLC Holdings includes numerous subsidiaries in various sectors and companies with significant ownership by LOLC. These include,

Financial

* LOLC Finance * LOLOLC Development Finance * LOLC Securities * LOLC Life Assurance * LOLC General Insurance * LOLC Factors * LOLC Securities * LOLC Capital One * LOLC Investments * LOLC Motors * Commercial Leasing and Finance * PRASAC Micro Finance Institution * LOLC Cambodia * LOLC Myanmar Micro-finance * LOLC Al-Falaah * LOLC Fleet Management * Sarana Sumut Ventura * LOLC Finance Zambia * Fina Trust Microfinance Bank * Pak Oman Microfinance Bank Ltd

Agriculture

* Browns Agriculture * AgStar * Maturata Plantations * Gal Oya Plantations

Leisure

* Browns Hotels and Resorts * Excel Restaurants Pvt Ltd

Energy

* Sagasolar Power * Sunbird Bioenergy Sierra Leone

Construction

* Browns Engineering and Construction * Sierra Construction

Information Technology

* LOLC Technologies

Manufacturing

* LOLC Advanced Technologies * Ceylon Graphene Technologies

References

{{All Share Price Index Conglomerate companies of Sri Lanka Hospitality companies of Sri Lanka Companies listed on the Colombo Stock Exchange