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List of companies of Sri Lanka
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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.
, the service sector makes up 60% of GDP, the industrial sector 28%, and the agriculture sector 12%. The private sector accounts for 85% of the economy. India is Sri Lanka's largest trading partner. 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.
Largest firms
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.
| 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
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. | Aitken Spence
| Conglomerates |
|---|
| Colombo |
| 1868 |
| Hotels, logistics, energy |
| Associated Newspapers of Ceylon Limited |
| Consumer services |
| Publishing |
| Colombo |
| 1926 |
| Publishing |
| Bank of Ceylon |
| Financials |
| Banks |
| Colombo |
| 1939 |
| State commercial bank |
| Barefoot |
| Consumer goods |
| Clothing & accessories |
| Colombo |
| 1958 |
| Clothing & accessories, furnishings |
| Airtel Sri Lanka |
| Telecommunications |
| Mobile telecommunications |
| Colombo |
| 2009 |
| Mobile network, part of Bharti Airtel (India) |
| CameraLK |
| Electronic items |
| Electronics |
| Colombo |
| 2010 |
| camera, electronic devices |
| Cargills |
| Conglomerates |
| - |
| Colombo |
| 1844 |
| Consumer goods, retail, financials |
| Ceylinco Consolidated |
| Conglomerates |
| - |
| Colombo |
| 1938 |
| Financials, technology, health care, travel & leisure |
| Ceylon Biscuits Limited |
| Consumer goods |
| Food products |
| Colombo |
| 1939 |
| Food manufacturer and confectionary |
| Ceylon Cold Stores |
| Consumer goods |
| Food products |
| Colombo |
| 1866 |
| Food products |
| Ceylon Electricity Board |
| Utilities |
| Conventional electricity |
| Colombo |
| 1969 |
| State electrical distribution and generation |
| Ceylon Petroleum Corporation |
| Oil & gas |
| Exploration & production |
| Colombo |
| 1962 |
| Petrochemical refining and sales |
| Ceylon Tobacco Company |
| Consumer goods |
| Tobacco |
| Colombo |
| 1932 |
| Tobacco products |
| Cinnamon Air |
| Consumer services |
| Airlines |
| Colombo |
| 2012 |
| Domestic airline |
| Colombo Dockyard |
| Industrials |
| Commercial vehicles & trucks |
| Colombo |
| 1974 |
| Ship building |
| Commercial Bank of Ceylon |
| Financials |
| Banks |
| Colombo |
| 1920 |
| Commercial bank |
| Country Style Foods Private Limited |
| Consumer goods |
| Food products |
| Colombo |
| 1981 |
| Beverage and dairy |
| Daintee |
| Consumer goods |
| Food products |
| Colombo |
| 1984 |
| Confectionery, food products |
| Damro |
| Consumer goods |
| Furniture, Homeware Manufacturer |
| Colombo |
| 1986 |
| Furniture, Plantations, Electronic appliances |
| DFCC Bank |
| Financials |
| Banks |
| Colombo |
| 1955 |
| Development bank |
| Dialog Axiata |
| Telecommunications |
| Mobile telecommunications |
| Colombo |
| 1993 |
| Mobile networks, broadband, part of Axiata Group (Malaysia) |
| Dialog Broadband Networks |
| Telecommunications |
| Fixed line telecommunications |
| Colombo |
| 2005 |
| Broadband |
| Dialog TV |
| Consumer services |
| Broadcasting & entertainment |
| Colombo |
| 2005 |
| Broadcasting, part of Axiata Group (Malaysia) |
| Dilmah |
| Consumer goods |
| Soft drinks |
| Colombo |
| 1988 |
| Tea, beverages |
| Distilleries Company of Sri Lanka |
| Consumer goods |
| Distillers & vintners |
| Colombo |
| 1913 |
| Distilleries and other non-alcoholic goods |
| Durdans Hospital |
| Health care |
| Health care providers |
| Colombo |
| 1945 |
| Hospital |
| Etisalat |
| Telecommunications |
| Mobile telecommunications |
| Colombo |
| 1989 |
| Mobile network, part of Etisalat (UAE) |
| Expolanka Holdings |
| Conglomerates |
| - |
| Colombo |
| 1978 |
| Logistics, travel & leisure, manufacturing |
| ExpoRail |
| Consumer services |
| Travel & tourism |
| Colombo |
| 2011 |
| Commuter railroads, part of Expolanka Holdings |
| FitsAir |
| Consumer services |
| Airlines |
| Colombo |
| 1997 |
| Scheduled airline |
| Gateway Group |
| Consumer services |
| Specialised consumer services |
| Colombo |
| 1986 |
| Education |
| George Steuart Group |
| Conglomerates |
| - |
| Colombo |
| 1835 |
| Food & beverages, health care, travel & leisure |
| Hatton National Bank |
| Financials |
| Banks |
| Colombo |
| 1888 |
| Private bank |
| Hayleys |
| Conglomerates |
| - |
| Colombo |
| 1878 |
| Industrials, consumer goods, travel & leisure |
| Hemas Holdings |
| Conglomerates |
| - |
| Colombo |
| 1948 |
| Health care, transportation, consumer goods |
| Hemas Hospitals |
| Health care |
| Health care providers |
| Colombo |
| 2008 |
| Hospital chain |
| Hutch |
| Telecommunications |
| Mobile telecommunications |
| Colombo |
| 1991 |
| Mobile network, part of Hutchison Asia Telecom Group (Hong Kong) |
| Independent Television Network |
| Consumer services |
| Broadcasting & entertainment |
| Colombo |
| 1979 |
| Broadcasting |
| Island Tea |
| Consumer goods |
| Soft drinks |
| Philippines |
| 2017 |
| Tea, beverages |
| JAT Holdings |
| Conglomerate |
| - |
| Colombo |
| 1993 |
| Paints and related products, Furnishing, Real estate, Exports |
| Jetwing Hotels |
| Consumer services |
| Hotels |
| Colombo |
| 1973 |
| Hotel chain |
| John Keells IT |
| Technology |
| Software |
| Colombo |
| 1998 |
| IT services, part of John Keells Holdings |
| John Keells Holdings |
| Conglomerates |
| - |
| Colombo |
| 1870 |
| Transportation, logistics, retail, financials |
| Lanka Bell |
| Telecommunications |
| Mobile telecommunications |
| Colombo |
| 1997 |
| Mobile network, part of Melstacorp |
| Lanka Hospitals |
| Health care |
| Health care providers |
| Colombo |
| 2002 |
| Hospital |
| LAUGFS Holdings |
| Conglomerates |
| - |
| Colombo |
| 1995 |
| Oil & gas, real estate, industrials |
| Leader Publications |
| Consumer services |
| Publishing |
| Colombo |
| 1994 |
| Publishing |
| Maliban Biscuit Manufactories Limited |
| Consumer goods |
| Food products |
| Colombo |
| 1954 |
| Food products |
| MAS Holdings |
| Conglomerates |
| - |
| Colombo |
| 1986 |
| Fabrics, clothing, financial services |
| MBC Networks |
| Consumer services |
| Broadcasting & entertainment |
| Colombo |
| 1993 |
| Broadcasting, part of Capital Maharaja |
| Melstacorp |
| Conglomerates |
| - |
| Colombo |
| 1998 |
| Food & beverage, logistics, energy, technology |
| Micro Cars |
| Consumer goods |
| Automobiles |
| Colombo |
| 1995 |
| Motor vehicle manufacturer |
| Mihin Lanka |
| Consumer services |
| Airlines |
| Colombo |
| 2006 |
| Airline, defunct 2016 |
| MillenniumIT ESP |
| Technology |
| Software |
| Colombo |
| 1996 |
| IT |
| Mobitel |
| Telecommunications |
| Mobile telecommunications |
| Colombo |
| 1993 |
| Mobile network, part of Sri Lanka Telecom |
| MTV Channel |
| Consumer services |
| Broadcasting & entertainment |
| Colombo |
| 1992 |
| Broadcasting, part of Capital Maharaja |
| National Savings Bank |
| Financials |
| Banks |
| Colombo |
| 1971 |
| State savings bank |
| Nations Trust Bank |
| Financials |
| Banks |
| Colombo |
| 1999 |
| Bank |
| Nawaloka Hospital |
| Health care |
| Health care providers |
| Colombo |
| 1985 |
| Hospital |
| Neville Fernando Teaching Hospital |
| Health care |
| Health care providers |
| Colombo |
| 2013 |
| Hospital |
| Pan Asia Bank |
| Financials |
| Banks |
| Colombo |
| 1995 |
| Bank |
| Pelwatte Sugar Industries |
| Consumer goods |
| Food products |
| Buttala |
| 1981 |
| Sugar |
| People's Bank |
| Financials |
| Banks |
| Colombo |
| 1961 |
| Commercial bank |
| Rainco |
| Consumer goods |
| Personal products |
| Dehiwala-Mount Lavinia |
| 1977 |
| Personal goods |
| Richard Pieris & Company |
| Conglomerates |
| - |
| Colombo |
| 1940 |
| Manufacturing, Engineering, Retail and Plantation |
| Sampath Bank |
| Financials |
| Banks |
| Colombo |
| 1986 |
| Commercial bank |
| Sarasavi Bookshop |
| Consumer services |
| Specialty retailers |
| Colombo |
| 1973 |
| Book store chain |
| Seylan Bank |
| Financials |
| Banks |
| Colombo |
| 1987 |
| Commercial bank |
| Simplifly |
| Consumer services |
| Airlines |
| Colombo |
| 2004 |
| Charter airline |
| Softlogic Holdings |
| Conglomerates |
| - |
| Colombo |
| 1991 |
| I/T, health care, retail, financials |
| Sri Lanka Broadcasting Corporation |
| Consumer services |
| Broadcasting & entertainment |
| Colombo |
| 1925 |
| Broadcasting |
| Sri Lanka Insurance |
| Financials |
| Full line insurance |
| Colombo |
| 1961 |
| Insurance |
| Sri Lanka Ports Authority |
| Industrials |
| Marine transportation |
| Colombo |
| 1979 |
| Marine shipping |
| Sri Lanka Railways |
| Industrials |
| Railroads |
| Colombo |
| 1858 |
| Railroads |
| Sri Lanka Rupavahini Corporation |
| Consumer services |
| Broadcasting & entertainment |
| Colombo |
| 1982 |
| Broadcasting |
| Sri Lanka Telecom |
| Telecommunications |
| Fixed line telecommunications |
| Colombo |
| 1991 |
| Telecom, ISP |
| Sri Lanka Transport Board |
| Industrials |
| Delivery services |
| Colombo |
| 1958 |
| Transportation services |
| SriLankan Airlines |
| Consumer services |
| Airlines |
| Colombo |
| 1979 |
| Flag airline |
| SupremeSAT |
| Industrials |
| Aerospace |
| Colombo |
| 2011 |
| Satellite operator |
| Upali Newspapers |
| Consumer services |
| Publishing |
| Colombo |
| 1981 |
| Publishing |
| Vesess |
| Technology |
| Software |
| Colombo |
| 2004 |
| IT |
| MTD Walkers PLC |
| Conglomerates |
| Engineering |
| Colombo |
| 1854 |
| General Engineering |
| Wijeya Newspapers |
| Consumer services |
| Publishing |
| Colombo |
| 1979 |
| Publishing |
| WSO2 |
| Technology |
| Software |
| Colombo |
| 2004 |
| IT |
File:ColomboHarbour-August2013-01.JPG|Colombo Harbour in western Sri Lanka. File:Sri Lanka-Tea plantation-02.jpg|Tea plantation near the Orange Field Tea Factory.
References
References
- (2011). "Annual Report 2010". Ministry of Finance – Sri Lanka.
- (2008). "Country Partnership Strategy". [[Asian Development Bank]].
- (2011). "65th Independence Day of India celebrates in Sri Lanka". InfoLanaka.
- (17 July 2011). "Western Province share of national GDP falling: CB". Sunday Times.
- (2023). "LMD 100 (2022/23)". [[LMD (magazine)#LMD 100.
- (26 September 2024). "Hayleys, ComBank and LOLC helm LMD 100 rankings". [[Daily FT]].
- (2018-12-09). "JAT Holdings celebrates 25 years of transforming spaces | Sunday times". Sundaytimesr.lk.
- (2017-07-02). "Jetwing enriches cultural triangle with new 5 star hotel | Sunday Observer". Sundayobserver.lk.
- (2018-01-30). "LAUGFS Holdings Limited: Private Company Information". Bloomberg.
- (2017-12-11). "MAS Holdings Limited: Private Company Information". Bloomberg.
- "Melstacorp PLC: Private Company Information". Bloomberg.
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