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List of Countries

Sri Lanka

Within the ambit of LOLC's status as the largest financial services provider in Sri Lanka, the geographically diversified Group owns strategic stakes in commercial banks, plantations and leisure properties in the Country.

  • $3,815

    GDP per capita
  • 21.7 Mn

    Population
  • $0.7 Bn

    Gross loan portfolio
  • $1.8 Bn

    Total Assets
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LOLC Finance PLC

LOLC Finance, the largest Non-Banking Financial Institution in Sri Lanka, provides a comprehensive range of deposit and lending products including technology-backed financial services ranging from microcredit to enterprise solutions. The entity is also listed on the Colombo Stock Exchange.

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LOLC Al-Falaah, Alternate Financial Services Unit

LOLC Al-Falaah is the dedicated Alternate Financial Services Unit of LOLC Finance PLC, established as an effort to ensure that all products and services are handled in compliance with Islamic principles. Customers can conveniently access the entity’s products through Al-Falaah’s dedicated centres and LOLC Finance’s island-wide branch network.

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LOLC Life Assurance Limited

LOLC Life Assurance is committed to providing comprehensive tailor-made insurance solutions including customized life insurance plans, pension plans, child plans, critical illness plans, and home loan protections. The entity aims to reach closer to its potential customer base in a highly under-penetrated Life Insurance market, where only about 10% of the total eligible population has life insurance in Sri Lanka.

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LOLC General Insurance PLC

LOLC General Insurance PLC offers all classes of products in the General Insurance space. It is one of the fastest-growing insurance companies in Sri Lanka. In 2022, the company was listed on the Colombo Stock Exchange with the IPO being oversubscribed by 12.23 times.

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LOLC Securities Limited

LOLC Securities is a trading member of the Colombo Stock Exchange, facilitating value-added services including in-house margin trading, attractive credit facilities, and a sophisticated online trading platform. The company caters to a wide range of local and foreign clientele with the support of a strong research unit.

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LOLC Factors Limited

LOLC Factors commenced operations in 1992 as the first factoring company in Sri Lanka, established to cater to the growing demand for working capital through its range of services including factoring, structured working capital loans, purchase order financing, and cheque discounting.

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LOLC Motors Limited

LOLC Motors was launched in 2010 as a service provider for the LOLC Group's fleet of vehicles and expanded its services to external customers. The entity provides fleet management services to leading multinational companies as well as other enterprises in Sri Lanka.

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Seylan Bank PLC

Seylan Bank is a licensed commercial bank incorporated in 1987. The bank is listed on the Colombo Stock Exchange. It is the fifth-largest private sector bank in the country in terms of total assets and fourth in terms of footprint with LOLC as its single-largest shareholder with the ownership of a 38% stake in the bank. The bank offers a comprehensive suite of products and services including branch banking, retail banking, corporate and foreign currency banking, and trade finance.

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Hatton National Bank PLC

Hatton National Bank (HNB) was incorporated in 1888. Currently, it is positioned as the second-largest licensed commercial bank in Sri Lanka, and the bank is ranked among the top 1,000 World Banks. HNB offers corporate and SME banking, microfinance, insurance, investment banking, and real estate services. LOLC is the single-largest shareholder of HNB with 17% ownership of the bank’s stake. The bank is also listed on the CSE.

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HDFC Bank of Sri Lanka

HDFC Bank is a listed, licensed specialized bank established in 1984. 70% of the bank’s loan portfolio consists of housing loans, keeping in line with the bank’s mandate of fulfilling housing-related financial needs. LOLC owns a 15% stake in HDFC Bank.

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DFCC Bank PLC

DFCC Bank was established in 1955 as the first development bank in Sri Lanka. In 2015, DFCC ventured into commercial banking and the bank was listed on the CSE in 2016. LOLC owns a 9.99% stake in DFCC. The bank offers a comprehensive range of services including corporate and SME banking, investment banking, unit trusts, stock broking, venture capital, industrial estate management, consulting, and IT services.

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SANASA Development Bank PLC

Sanasa Development Bank (SDB) is a listed, licensed specialized bank. SDB focuses on serving the ‘bottom of the pyramid’ population and aims to be a leading partner of national progress. LOLC became the single-largest shareholder of the bank with the acquisition of a 15% stake.

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LOLC Technologies Limited

LOLC Technologies collaborates with world-renowned Information Technology solution providers such as Oracle, Microsoft, and AirWatch to cater to the Information Technology needs of the LOLC Group as well as external customers. LOLC Technologies also has its award-winning cloud-based service management system – OASYS, which is a flagship product of the company.

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iPay

iPay is a simple, easy-to-use, real-time payment platform built on an architecture that allows easy integration with any system. The vibrant graphical user interface of iPay promises a unique experience whilst carrying out various types of payments

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Fusion X

Fusion X is a next-generation, exponential, cloud-based financial services suite, designed to provide cutting-edge features, performance, and security. Fusion X is based on the first principles of design thinking for banking technology and is geared to facilitate the easy adoption of open banking.

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OYES

OYES is a Fintech platform that enables every day to be payday by providing salary advance facilities to employees of corporates that sign up with OYES. OYES algorithm takes into consideration employees' net salary and attendance to calculate the employees’ earned salary and facilitate instant access to it at any given time.

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Browns Group

Established in 1875, the Browns Group has built a strong heritage of trust over one-and-a-half centuries together with global business partners. The legacy of Browns is tightly interwoven with the fortunes of the modern Sri Lankan economy, powering many sectors and industries. Browns Group was an early catalyst in the plantation sector, which put Sri Lanka on the map of the global economy. As the plantation economy thrived, Browns Group expanded its business activities into engineering, transport, logistics, and commerce. Browns is the most trusted, reliable, and preferred partner of many leading global brands in heavy machinery and haulage solutions, agricultural machinery, farm and animal nutrition, power generation and storage, and many other sectors. Browns energize these sectors in partnership with leading global brands and world-class, state-of-the-art products. The Group, at every stage of its history, has provided an impetus to the local economy. Browns envisions being a diversified conglomerate excelling through the sunrise and sunshine industries with a global presence and cutting-edge technology. Today, the Browns Group is a part of LOLC Holdings PLC, a globally diversified conglomerate.

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Associated Battery Manufacturers (Cey) Limited

Associated Battery Manufacturers, incorporated in 1960, manufactures the widest range of Lead Acid Batteries from 25Ah to 200Ah capacity under the brand names Exide, Lucas, and Dagenite. It also produces deep cycle batteries for solar and trawler boat applications. The entity is the largest automotive battery manufacturer in Sri Lanka.

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Browns Pharma (Private) Limited

Established in 1990, the Veterinary Pharmaceutical Division of Browns offers total solutions to foster animal health in partnership with leading global veterinary brands. It is the market leader in the biological product segment in Sri Lanka, working with a range of pet care suppliers and pharmaceutical suppliers.

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BI Logistics and Commodities (Private) Limited

BI Commodities and Logistics are engaged in manufacturing and supplying of treated wooden pallets, timber preservation, kiln drying of timber and wooden flooring. The entity caters to the hotel sector through wooden flooring and preserved timber segments while the wooden pallets are supplied to conglomerates to use in logistics.

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Browns Thermal Engineering (Pvt) Limited

Browns Thermal Engineering (Pvt) Ltd is a large-scale manufacturer of heat exchanges. The entity manufactures coolants and radiators for auto and industrial production under the brand name, RADCO. The company also supplies plastic components to the domestic battery industry.

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Browns Engineering & Construction (Private) Limited

Browns Engineering is positioned as a leading player in the telecommunication infrastructure development and maintenance industry and is also engaged in Electrical Engineering, MEP design and construction services, project management consultancy, and road construction.

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Sierra Cables PLC

Sierra Cables, the largest cable manufacturer in Sri Lanka, specializes in designing manufacturing and supplying, and exporting a comprehensive range of copper and aluminum cable products for the energy, industrial, and communications sectors.

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Sierra Readymix (Private) Limited

Incorporated in 2005, Sierra Readymix is geared to manufacture and supply quality ready-mix concrete to the construction industry.

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Ajax Engineers (Private) Limited

Ajax Engineers is a strong player in Aluminum fabrication and installation in high-rise buildings with over 30 years of experience. The entity also offers customized products to meet clients' specifications.

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Creations Wooden Fabricators (Private) Limited

Creations Wooden Fabricators is engaged in providing furniture solutions for hotel projects, apartment projects, offices, and households. Recently, the entity also ventured into manufacturing and installation of engineered-type doors and readymade pantry cupboard solutions.

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Gurind Accor (Pvt) Limited

Gurind Accor is engaged in glass processing and the company provides toughened glass, insulated glass and solar control glass, primarily to hotels, apartment projects and other industrial projects.

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Browns Metal & Sands (Private) Limited

Browns Metal & Sands is still in the pre-operational stage and plans to manufacture stone aggregates, sand, and granite tiles.

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Maturata Plantation Limited

Maturata Plantations is one of the largest tea-producing companies in Sri Lanka as well as being the largest cinnamon plantation in the world. The plantations are located in the Central and Southern provinces in Sri Lanka.

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Udapussellawa Plantations PLC

Udapussellawa Plantations are located in the Central and Uva provinces in Sri Lanka. The plantations specialized in the cultivation of tea, coffee, commercial forestry, cardamom, coconut, pepper, and cocoa. The entity is listed on the Colombo Stock Exchange.

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Hapugastenne Plantations PLC

Hapugastenna Plantations are located in the Sabaragamuwa hill range. The plantations are engaged in the cultivation of tea, rubber, commercial forestry, pepper, cinnamon, and cocoa. The entity is listed on the Colombo Stock Exchange.

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Galoya Plantations (Pvt) Limited

Galoya Plantations is a public-private partnership between the Government of Sri Lanka and LOLC Group. Gal Oya is one of the four sugar-producing factories in Sri Lanka and also among the highest-grade ethanol manufacturer in the country. The company engages in producing Bio-Fertilizer and generation of power.

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Browns Agri Solutions (Private) Limited

Browns Agri Solutions markets crop protection products, local and foreign hybrid seeds, and specialized fertilizers from world-renowned suppliers to the local market. It has created strategic partnerships with global giants in the industry, such as ZGARO, Rainbow, and Nufarm.

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Agstar PLC

Agstar is one of the market leaders in importing, blending, and marketing fertilizer products. The entity offers a range of organic and chemical fertilizers and also markets tractors and Agri machinery. Agstar has subsidiaries in fertilizer, crop care, seeds.

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Tropical Island Commodities (Pvt) Limited

Tropical Island Commodities has over 100 years of experience in the production to retail packaging of Ceylon Cinnamon and spices. The company owns a cinnamon plantation with GMP-certified peeling centers. Europe, the United States, and Asia are the main export destinations of the company.

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Browns Tea (Pvt) Ltd

Browns Ceylon Tea is renowned for its hallmark quality and exceptional flavour. Backed by the Group’s expertise in the tea industry, Browns Tea provides white label brands for tea importers and traders across the World. From orthodox black tea to instant tea and flavoured tea, the entity’s bulk tea range caters to a wide market segment.

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Eden Resort & Spa

Ensconced on the edge of the serene beaches of the fishing village of Beruwala, known as the ‘Golden Mile’, Occidental Eden (formerly known as Eden Resort & Spa) is a member of the Spanish hotel group, Barcelo. The hotel is equipped with modern amenities to cater to sophisticated tastes and styles.

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Paradise Resort & Spa

Occidental Paradise (formerly known as Paradise Resort), a member of the Spanish hotel group Barcelo offers a luxurious stay in the very heart of Sri Lanka's famed Cultural Triangle which provides easy access to numerous historically and culturally significant UNESCO heritage sites.

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The Beach House

The Beach House, a luxurious chic villa, offers incredible ocean views, stunning sunrises, and tropical living at the Mirissa beach. The villa lies in proximity to the locale’s most sought attractions and experiences, from whale watching to the scenic Coconut Tree Hill.

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Calm Resort & Spa Pasikuda

Calm Resort & Spa is known as a tropical haven nestled on the pristine beach stretches of the East Coast with elegant rooms, contemporary facilities, and breathtaking ocean views.

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Dickwella Resort & Spa

Dickwella Resort is a mid-range luxury resort designed for tropical living amidst cozy comforts. The resort is located on a peninsula in Southern Sri Lanka, embraced by the Indian Ocean.

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Avani Bentota

Avani Bentota, a designer hotel by the renowned architect Geoffery Bawa, is located in Bentota along the west coast of Sri Lanka. The hotel was s reopened in 2022 following a major refurbishment to offer superior service and comfort to the guests.

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Club Hotel Dolphin

Club Hotel Dolphin is an immaculately designed resort sprawling along a stretch of golden beach in Negombo. The hotel reopened its doors in 2022 after a full renovation to offer a luxurious experience to the guests.

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Hotel Sigiriya

Hotel Sigiriya, located in the beating heart of the cultural triangle of the country, overlooking the iconic rock fortress is the ultimate holiday destination for eco-tourists.

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Riverina Resort & Spa

Riverina Resort is a luxurious star-class resort under construction on a sprawling beachfront property. The hotel is located along the 'Golden Mile' of the famed Bentota beach.

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Sheraton Kosgoda

Sheraton Kosgoda, managed by the US-based Sheraton Group, is a luxurious resort located on the golden coastline of the South. Adjacent to the famous turtle hatchery in Kosgoda, all the rooms are equipped with modern features facing the picturesque Indian ocean.

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Sansun Boutique (Elephant Corridor)

Sansun Boutique, a boutique hotel with cabin suites nestled near the magnificent Sigiriya Rock and the Kandalama hills, is renowned as a slice of paradise in the jungle.

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Ubuntu Beach Villa

Ubuntu beach villas are two standalone villas with two pools located just 300m away from each other. These contemporary villas are designed to complement the surroundings with direct access to the stunning Mirissa beach.

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Lavender House

Lavender House is an English-style planter’s bungalow, now converted to a boutique hotel with luxurious rooms amidst a picturesque tea plantation that combines luxury living with the beauty of the highlands in Sri Lanka.

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Lantern Boutique

Lantern Boutique is a beachfront villa featuring large well-appointed bedrooms to offer the comforts of a hotel with a more relaxed atmosphere on the southern coast of Sri Lanka. The in-house restaurant offers a variety of Sri Lankan-infused cuisines to the guests.

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AYR Bungalow

AYR Bungalow was built in 1922 by a planter, J F Arley Alford in pursuit of his wife-to-be, who was of Scottish nobility. Designed to entirely emulate the architecture of Scottish castles, Ayr stands out amongst the landscape as a megalithic monument, built entirely of stone.

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Stafford Bungalow

Stafford Bungalow is a 130-year-old Scottish planter's bungalow, now converted to a luxurious boutique hotel, located amidst a 50-acre tea plantation in the village of Ragala in the Sri Lankan hill country. The bungalow has an old-world charm and is designed with wooden floors, fireplaces, and a gabled roof.

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Marina Hotel

The Marina Hotel, located within the Colombo Port City, alongside the Colombo Marina, is to be developed as an iconic luxury hotel positioned to attract discerning tourists and business travelers to Sri Lanka. Combined with a magnificent sea view and city view, the hotel will be developed with a classical contemporary ambiance.

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Colombo Marina Development

Colombo Marina Development, located within the Colombo Port City, is a first-of-its-kind investment in Sri Lanka. Post-development, Colombo Marina will create a luxury experience in boating, dining, shopping & nightlife - unparalleled with any other location in Sri Lanka

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Excel World

Excel World Entertainment Park is located in the heart of Colombo and continues to offer the whole family a ‘one-stop’ location for wholesome entertainment which includes arcade games, bowling, a food court, buffets and location services for family events and corporate events.

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BG Air Services (Pvt) Limited

BG Air Services offers inbound and outbound tour packages to worldwide destinations. Years spent serving global clientele have helped BG Air Services make a name for itself in the tourism sphere. The company operates as a general sales agent for the US-based Continental Airlines Group, and European-based Austrian and Scandinavian Airlines.

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Browns Tours (Pvt) Limited

Browns Tours is a global destination management company, which has been in the business of offering outbound bespoke tours.

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Ceylon Roots

Ceylon Roots is an inbound destination management company that offers personalized services to travellers while providing access to the best hotels, tourist attraction sites, and activities in Sri Lanka and Maldives. The entity also offers customers a complete package of travel tours with exotic encounters centered on the tropical locations and colourful antiquity.

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Browns Investment PLC

Browns Investments PLC, the strategic investment arm of LOLC Group. The investments made in mature sunshine industries balance the overall risk profile, profitability, and liquidity perspectives. The key investment sectors include leisure, agriculture and plantations, construction, and real estate. Browns Investments will continue to be the Group's arm for future investments into diverse sectors, which are expected to lead the growth of the national economy as an individual investor or in partnership.

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CIFC Phase 1 Mixed Development Project

The Colombo International Financial Center (CIFC) marks the first development project to be approved within the Colombo Port City. CIFC will become an international hub that offers business and lifestyle facilities comparable to other renowned business hubs in the world. The total envisaged Gross Floor Area of the project is 160,807m2 and it can be further divided into 45% of luxury high-rise residents, 30% of grade A offices, 15% of retail facilities, and 10% of serviced apartments.

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PickMe

PickMe was launched in 2015 as the pioneering, technology-based ride hailing app in Sri Lanka. The app is available in three languages for Android, IOS, and Windows and now has expanded the services offered to include food delivery and logistics.

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LOLC Advanced Technologies (Private) Limited

LOLC Advanced Technologies provides advanced technological consultation support to companies under the LOLC umbrella in the fields of agriculture, spice value addition, new product development in plant nutrition, and agro-chemistry. The entity was set up to explore sustainable business opportunities in the market with the augmentation of science and technology.

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LOLC Geo Technologies Limited

LOLC Geo Technologies holds several exploration licenses from the Government Survey and Mining Bureau (GSMB). The entity is predominantly engaged in the exploration and development of Graphite Mines, installation of Graphite refiners, extraction of Graphite oil-based dry lubricants, and Graphite processing.

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Ceylon Graphene Technologies (Pvt) Limited

Ceylon Graphene Technologies (CGT), a joint venture between the LOLC Group and the Sri Lanka Institute of Nanotechnology (SLINTEC), is Sri Lanka’s first graphene and advanced material company. CGT is the most competitive graphene manufacturer, product developer, and researcher in the world due to its complete product life cycle.

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Fortigrains Lanka (Pvt) Limited

Fortigrains is engaged in the fortification of rice with essential nutrients by infusing the nutrients into the rice kernel. The technology developed by the R&D team has successfully addressed each of the shortcomings in the existing technologies.

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Leapstitch Apparel (Private) Limited

Leapstitch Apparel was formed in 2022 to manufacture apparel in highly automated factories. The automation results in greater consistency of quality as well as improved efficiency. . The company currently caters to large-scale brands.

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Latest News

LOLC becomes Mastercard’s first customer in Sri Lanka to join...

Sri Lanka’s most awarded and trusted Alternate Financial services brand, LOLC Al-Falaah recently unveiled their ground-breaking new product – the Wadi’ah Gold Loan Facility. This is the 1st time a Finance company in Sri Lanka is offering this facility. Al-Falaah Wadi’ah is a unique gold…

Mudharabah Super Savings – an account with Bonus Profits from...

I started this business with the intention of closing it after my husband completed his master’s degree and returned to his former job. However, after LOLC began funding my business, I changed my mind. Business is growing fast, and I see a good future.

LOLC Al-Falaah unveils pioneering Wadi’ah Gold-Storage Facili...

I started this business with the intention of closing it after my husband completed his master’s degree and returned to his former job. However, after LOLC began funding my business, I changed my mind. Business is growing fast, and I see a good future.

iPay enables cashless payments in Galle

I started this business with the intention of closing it after my husband completed his master’s degree and returned to his former job. However, after LOLC began funding my business, I changed my mind. Business is growing fast, and I see a good future.

LOLC becomes Mastercard’s first customer in Sri Lanka to join...

I started this business with the intention of closing it after my husband completed his master’s degree and returned to his former job. However, after LOLC began funding my business, I changed my mind. Business is growing fast, and I see a good future.
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