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List of companies of Sri Lanka

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.

Location of Sri Lanka

As of 2010, the service sector makes up 60% of GDP, the industrial sector 28%, and the agriculture sector 12%.[1] The private sector accounts for 85% of the economy.[2] India is Sri Lanka's largest trading partner.[3] Economic disparities exist between the provinces, with the Western province contributing 45.1% of the GDP and the Southern province and the Central province contributing 10.7% and 10%, respectively.[4]

Largest firms

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LMD 100, dubbed as "Sri Lanka's Fortune 500", annually lists the leading 100 quoted companies in Sri Lanka. Only the top 20 companies are listed below. All revenue figures reported before the financial year ending 2024.[5][6]

2023/24
Rank		 2022/23
Rank		 Company Revenue 2022/23
Rs (mns)		 Revenue 2021/22
Rs (mns)
1 2 Hayleys 487,431 338,010
2 7 Commercial Bank of Ceylon 280,387 163,675
3 3 LOLC Holdings 333,122 224,100
4 9 Hatton National Bank 270,509 135,710
5 8 John Keells Holdings 276,640 218,075
6 4 Carson Cumberbatch 330,459 170,695
7 5 Bukit Darah 330,421 170,656
8 6 Lanka IOC 281,488 89,951
9 10 Sampath Bank 206,002 113,075
10 11 C T Holdings 196,266 136,873
11 12 Cargills (Ceylon) 195,618 136,692
12 13 Dialog Axiata 178,131 141,915
13 14 Melstacorp 178,082 106,071
14 15 Ceylon Cold Stores 126,149 84,543
15 18 National Development Bank 111,552 64,083
16 16 Vallibel One 116,855 96,859
17 17 Hemas Holdings 113,940 78,831
18 22 Seylan Bank 96,836 54,751
19 21 Ceylon Beverage Holdings 96,939 60,211
20 24 Lion Brewery (Ceylon) 94,969 58,871

Notable firms

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This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organisations which have ceased operations are included and noted as defunct.

Notable companies
Status: P=Private, S=State; A=Active, D=Defunct
Name Industry Sector Headquarters Founded Notes Status
   
Aitken Spence Conglomerates - Colombo 1868 Hotels, logistics, energy P A
Associated Newspapers of Ceylon Limited Consumer services Publishing Colombo 1926 Publishing S A
Bank of Ceylon Financials Banks Colombo 1939 State commercial bank S A
Barefoot Consumer goods Clothing & accessories Colombo 1958 Clothing & accessories, furnishings P A
Airtel Sri Lanka Telecommunications Mobile telecommunications Colombo 2009 Mobile network, part of Bharti Airtel (India) P A
CameraLK Electronic items Electronics Colombo 2010 camera, electronic devices P A
Cargills Conglomerates - Colombo 1844 Consumer goods, retail, financials P A
Ceylinco Consolidated Conglomerates - Colombo 1938 Financials, technology, health care, travel & leisure P A
Ceylon Biscuits Limited Consumer goods Food products Colombo 1939 Food manufacturer and confectionary P A
Ceylon Cold Stores Consumer goods Food products Colombo 1866 Food products P A
Ceylon Electricity Board Utilities Conventional electricity Colombo 1969 State electrical distribution and generation S A
Ceylon Petroleum Corporation Oil & gas Exploration & production Colombo 1962 Petrochemical refining and sales S A
Ceylon Tobacco Company Consumer goods Tobacco Colombo 1932 Tobacco products P A
Cinnamon Air Consumer services Airlines Colombo 2012 Domestic airline P A
Colombo Dockyard Industrials Commercial vehicles & trucks Colombo 1974 Ship building P A
Commercial Bank of Ceylon Financials Banks Colombo 1920 Commercial bank P A
Country Style Foods Private Limited Consumer goods Food products Colombo 1981 Beverage and dairy P A
Daintee Consumer goods Food products Colombo 1984 Confectionery, food products P A
Damro Consumer goods Furniture, Homeware Manufacturer Colombo 1986 Furniture, Plantations, Electronic appliances P A
DFCC Bank Financials Banks Colombo 1955 Development bank P A
Dialog Axiata Telecommunications Mobile telecommunications Colombo 1993 Mobile networks, broadband, part of Axiata Group (Malaysia) P A
Dialog Broadband Networks Telecommunications Fixed line telecommunications Colombo 2005 Broadband P A
Dialog TV Consumer services Broadcasting & entertainment Colombo 2005 Broadcasting, part of Axiata Group (Malaysia) P A
Dilmah Consumer goods Soft drinks Colombo 1988 Tea, beverages P A
Distilleries Company of Sri Lanka Consumer goods Distillers & vintners Colombo 1913 Distilleries and other non-alcoholic goods P A
Durdans Hospital Health care Health care providers Colombo 1945 Hospital P A
Etisalat Telecommunications Mobile telecommunications Colombo 1989 Mobile network, part of Etisalat (UAE) P A
Expolanka Holdings Conglomerates - Colombo 1978 Logistics, travel & leisure, manufacturing P A
ExpoRail Consumer services Travel & tourism Colombo 2011 Commuter railroads, part of Expolanka Holdings P A
FitsAir Consumer services Airlines Colombo 1997 Scheduled airline P A
Gateway Group Consumer services Specialised consumer services Colombo 1986 Education P A
George Steuart Group Conglomerates - Colombo 1835 Food & beverages, health care, travel & leisure P A
Hatton National Bank Financials Banks Colombo 1888 Private bank P A
Hayleys Conglomerates - Colombo 1878 Industrials, consumer goods, travel & leisure P A
Hemas Holdings Conglomerates - Colombo 1948 Health care, transportation, consumer goods P A
Hemas Hospitals Health care Health care providers Colombo 2008 Hospital chain P A
Hutch Telecommunications Mobile telecommunications Colombo 1991 Mobile network, part of Hutchison Asia Telecom Group (Hong Kong) P A
Independent Television Network Consumer services Broadcasting & entertainment Colombo 1979 Broadcasting S A
Island Tea Consumer goods Soft drinks Philippines 2017 Tea, beverages P A
JAT Holdings Conglomerate - Colombo 1993[7] Paints and related products, Furnishing, Real estate, Exports P A
Jetwing Hotels Consumer services Hotels Colombo 1973[8] Hotel chain P A
John Keells IT Technology Software Colombo 1998 IT services, part of John Keells Holdings P A
John Keells Holdings Conglomerates - Colombo 1870 Transportation, logistics, retail, financials P A
Lanka Bell Telecommunications Mobile telecommunications Colombo 1997 Mobile network, part of Melstacorp P A
Lanka Hospitals Health care Health care providers Colombo 2002 Hospital P A
LAUGFS Holdings Conglomerates - Colombo[9] 1995 Oil & gas, real estate, industrials P A
Leader Publications Consumer services Publishing Colombo 1994 Publishing P A
Maliban Biscuit Manufactories Limited Consumer goods Food products Colombo 1954 Food products P A
MAS Holdings Conglomerates - Colombo 1986[10] Fabrics, clothing, financial services P A
MBC Networks Consumer services Broadcasting & entertainment Colombo 1993 Broadcasting, part of Capital Maharaja P A
Melstacorp Conglomerates - Colombo 1998[11] Food & beverage, logistics, energy, technology P A
Micro Cars Consumer goods Automobiles Colombo 1995 Motor vehicle manufacturer P A
Mihin Lanka Consumer services Airlines Colombo 2006 Airline, defunct 2016 P D
MillenniumIT ESP Technology Software Colombo 1996 IT P A
Mobitel Telecommunications Mobile telecommunications Colombo 1993 Mobile network, part of Sri Lanka Telecom P A
MTV Channel Consumer services Broadcasting & entertainment Colombo 1992 Broadcasting, part of Capital Maharaja P A
National Savings Bank Financials Banks Colombo 1971 State savings bank S A
Nations Trust Bank Financials Banks Colombo 1999 Bank P A
Nawaloka Hospital Health care Health care providers Colombo 1985 Hospital P A
Neville Fernando Teaching Hospital Health care Health care providers Colombo 2013 Hospital P A
Pan Asia Bank Financials Banks Colombo 1995 Bank P A
Pelwatte Sugar Industries Consumer goods Food products Buttala 1981 Sugar P A
People's Bank Financials Banks Colombo 1961 Commercial bank S A
Rainco Consumer goods Personal products Dehiwala-Mount Lavinia 1977 Personal goods P A
Richard Pieris & Company Conglomerates - Colombo 1940 Manufacturing, Engineering, Retail and Plantation P A
Sampath Bank Financials Banks Colombo 1986 Commercial bank P A
Sarasavi Bookshop Consumer services Specialty retailers Colombo 1973 Book store chain P A
Seylan Bank Financials Banks Colombo 1987 Commercial bank P A
Simplifly Consumer services Airlines Colombo 2004 Charter airline P A
Softlogic Holdings Conglomerates - Colombo 1991 I/T, health care, retail, financials P A
Sri Lanka Broadcasting Corporation Consumer services Broadcasting & entertainment Colombo 1925 Broadcasting S A
Sri Lanka Insurance Financials Full line insurance Colombo 1961 Insurance S A
Sri Lanka Ports Authority Industrials Marine transportation Colombo 1979 Marine shipping S A
Sri Lanka Railways Industrials Railroads Colombo 1858 Railroads S A
Sri Lanka Rupavahini Corporation Consumer services Broadcasting & entertainment Colombo 1982 Broadcasting S A
Sri Lanka Telecom Telecommunications Fixed line telecommunications Colombo 1991 Telecom, ISP S A
Sri Lanka Transport Board Industrials Delivery services Colombo 1958 Transportation services S A
SriLankan Airlines Consumer services Airlines Colombo 1979 Flag airline S A
SupremeSAT Industrials Aerospace Colombo 2011 Satellite operator P A
Upali Newspapers Consumer services Publishing Colombo 1981 Publishing P A
Vesess Technology Software Colombo 2004 IT P A
MTD Walkers PLC Conglomerates Engineering Colombo 1854 General Engineering P A
Wijeya Newspapers Consumer services Publishing Colombo 1979 Publishing P A
WSO2 Technology Software Colombo 2004 IT P A

See also

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References

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  1. ^ "Annual Report 2010" (PDF). Ministry of Finance – Sri Lanka. 2011. Archived from the original (PDF) on 1 December 2011. Retrieved 15 July 2014.
  2. ^ "Country Partnership Strategy" (PDF). Asian Development Bank. 2008. p. 1. Archived from the original (PDF) on 15 November 2013. Retrieved 15 July 2014.
  3. ^ "65th Independence Day of India celebrates in Sri Lanka". InfoLanaka. 2011. Retrieved 15 July 2014.
  4. ^ "Western Province share of national GDP falling: CB". Sunday Times. 17 July 2011.
  5. ^ "LMD 100 (2022/23)". LMD 100. 2023. Retrieved 24 May 2024.
  6. ^ "Hayleys, ComBank and LOLC helm LMD 100 rankings". Daily FT. 26 September 2024. Retrieved 27 October 2024.
  7. ^ "JAT Holdings celebrates 25 years of transforming spaces | Sunday times". Sundaytimesr.lk. 2018-12-09. Retrieved 2018-12-09.
  8. ^ "Jetwing enriches cultural triangle with new 5 star hotel | Sunday Observer". Sundayobserver.lk. 2017-07-02. Retrieved 2018-02-24.
  9. ^ "LAUGFS Holdings Limited: Private Company Information". Bloomberg. 2018-01-30. Retrieved 2018-02-24.
  10. ^ "MAS Holdings Limited: Private Company Information". Bloomberg. 2017-12-11. Retrieved 2018-02-24.
  11. ^ "Melstacorp PLC: Private Company Information". Bloomberg. Retrieved 2018-02-24.
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