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Top 10 Sri Lankan Largest Companies 2024

Top 10 Sri Lankan Largest Companies

Sri Lanka, a vibrant island nation in South Asia, boasts a diverse and booming economy. With its strategic location and favorable business environment, the country has become an attractive destination for local and international investors. As a result, Sri Lanka is home to several renowned companies that have significantly contributed to its economic growth. This article will explore the top 10 Sri Lankan companies that have excelled in various sectors, showcasing their achievements and impact on the country’s development.

From telecommunications giants to banking powerhouses and manufacturing leaders, these companies are influential within Sri Lanka and have established themselves as key players in the global market. 1. Dialog Axiata: As the largest telecommunications provider in Sri Lanka, Dialog Axiata has played a crucial role in revolutionizing the country’s communication infrastructure.

The company has connected millions of Sri Lankans with cutting-edge technologies and innovative services in the digital world. Its investments in 4G and 5G networks have improved connectivity within the nation and positioned Sri Lanka as a hub for technology advancement. In this article, discover the top 10 Sri Lankan largest companies for 2024.

Latest Updated: February 13, 2024

MAS. Textiles & Apparel Brandix Lanka

MAS. Textiles & Apparel Brandix Lanka

MAS is a leading textiles and apparel brand in Sri Lanka, known for its innovative products and high-quality manufacturing. With a strong presence in local and international markets, Brandix Lanka has established itself as one of the top 10 companies in Sri Lanka. The company’s success can be attributed to its commitment to sustainability, ethical practices, and continuous innovation.

Brandix Lanka has a diverse range of offerings, catering to various market segments. From sportswear to lingerie, the company produces a wide array of products that meet the needs and preferences of different customers. It is renowned for its expertise in design development, fabric sourcing, production planning, quality assurance, and timely delivery.

Furthermore, Brandix Lanka’s commitment to sustainability sets it apart from its competitors. The company follows eco-friendly practices and minimizes waste generation while maximizing resource efficiency. With sustainable sourcing methods and responsible manufacturing processes, MAS Textiles & Apparel Brandix Lanka has significantly contributed to environmental conservation in Sri Lanka’s textile industry.

The brand’s focus on innovation and dedication to sustainable practices make it stand out among other top companies in Sri Lanka’s textiles and apparel sector.

Hirdaramani Apparel

Hirdaramani Apparel

One of the top 10 Sri Lankan companies is Hirdaramani Apparel, a leading global manufacturer and exporter of apparel. With over 120 years of experience in the industry, Hirdaramani has established itself as a trusted and reliable partner for many renowned international brands. The company operates across multiple locations worldwide and boasts state-of-the-art manufacturing facilities that adhere to the highest industry standards.

Hirdaramani Apparel is known for its commitment to sustainability and ethical practices. The company has implemented various initiatives to reduce its environmental footprint, such as investing in renewable energy sources, implementing water management systems, and adopting eco-friendly production processes. Additionally, Hirdaramani emphasizes employee welfare by providing safe working conditions and promoting fair labor practices.

Hirdaramani ApparelWith a strong focus on innovation, Hirdaramani strives to stay ahead of market trends and meet evolving customer demands. The company invests heavily in research and development to produce high-quality products while constantly improving efficiency in its operations. Through partnerships with leading fashion experts and cutting-edge technology integration, Hirdaramani remains at the forefront of the global apparel industry.

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Arpico

Arpico

Arpico is one of the top 10 Sri Lankan companies that has significantly impacted various sectors. The company was established in 1951 and has become a leading retail, manufacturing, and real estate player. Arpico operates several retail chains nationwide, offering various products, including groceries, electronics, clothing, and household items.

In addition to its retail business, Arpico also excels in manufacturing with its diverse product portfolio. The company produces various goods such as textiles, rubber products, plastics, and consumer durables. Arpico’s commitment to quality and innovation has earned them a solid local and international reputation.

Furthermore, Arpico has ventured into the real estate sector by developing residential properties that cater to different market segments. Their projects include luxury apartments and affordable housing solutions for middle-income families. With their expertise in construction and attention to detail, Arpico ensures that their properties meet high-quality standards while providing comfortable living spaces.

Arpico’s success can be attributed to its emphasis on customer satisfaction through diversified offerings across multiple sectors. As one of Sri Lanka’s prominent companies, they continue to contribute significantly towards the country’s economic growth and development.

Hela Clothing

One of the top Sri Lankan companies that has gained significant recognition is Hela Clothing. Founded in 1992, Hela Clothing has become a leading global apparel manufacturer with a strong presence in the fashion industry. With state-of-the-art production facilities and a commitment to sustainability, the company has built an impressive portfolio of clients, including renowned brands like Calvin Klein, Victoria’s Secret, and Nike.

Hela Clothing takes pride in its ethical and sustainable practices. The company is certified by various international bodies such as WRAP (Worldwide Responsible Accredited Production) and GOTS (Global Organic Textile Standard), ensuring that their manufacturing processes meet the highest standards for labor rights and environmental responsibility. By investing heavily in research and development, Hela Clothing continuously strives to innovate its manufacturing techniques to reduce waste and minimize its carbon footprint.

Moreover, Hela Clothing also actively gives back to society through its corporate social responsibility initiatives. The company supports numerous community development projects across Sri Lanka on education, healthcare, and infrastructure development. Through these initiatives, Hela Clothing aims to positively impact local communities while making a name for itself as more than just an apparel manufacturer but also a socially responsible entity contributing towards sustainable economic growth.

BPPL Holdings

 BPPL Holdings is a prominent name in the top 10 Sri Lankan companies, known for its textile manufacturing and exporting expertise. The company has significantly contributed to the country’s economy and employment for many years. With a strong focus on sustainability, BPPL Holdings has implemented various environmentally friendly practices throughout its operations.

One of the key factors that sets BPPL Holdings apart from other textile manufacturers is its commitment to innovation. The company constantly explores new technologies and techniques to enhance the quality of its products while reducing their environmental impact. Additionally, BPPL Holdings places great emphasis on research and development, which has resulted in the creation of cutting-edge fabrics that cater to both fashion and technical industries.

Furthermore, BPPL Holdings actively engages in corporate social responsibility initiatives to uplift communities around its operations. The company invests in education programs, healthcare facilities, infrastructure development, and environmental conservation projects. By prioritizing sustainability and community welfare alongside business growth, BPPL Holdings continues to solidify its position as one of Sri Lanka’s leading companies.

Public Bank

Public Bank is one of the top 10 Sri Lankan companies that has established itself as a leading financial institution. With its strong presence and extensive branch network, Public Bank offers a wide range of banking services to both corporate clients and individuals. The bank’s commitment to providing exceptional customer service and innovative financial solutions has earned it a solid reputation in the industry.

One key aspect that sets Public Bank apart from its competitors is its focus on promoting financial inclusion. The bank understands the importance of ensuring everyone can access banking services regardless of their social or economic background. As such, Public Bank has implemented various initiatives and programs to reach out to underserved communities and provide them with affordable banking options.

In addition, Public Bank places great emphasis on adopting advanced technology and digital solutions to enhance its operations and improve customer experience. This includes offering online banking services, mobile applications, and other digital platforms that enable customers to manage their finances conveniently anytime, anywhere. Through these efforts, Public Bank continues to strengthen its position as a top player in the Sri Lankan banking sector while remaining committed to driving financial inclusion and innovation.

 John Keells Holdings

 John Keells Holdings is one of the top 10 Sri Lankan companies known for its diverse range of businesses. Founded in 1870, the company has become a leading conglomerate in Sri Lanka, operating across industries such as leisure and hospitality, transportation and logistics, consumer foods and retail, property development, financial services, and information technology.

In the leisure and hospitality sector, John Keells Holdings owns and operates some of the most prestigious hotels in Sri Lanka. The company offers world-class accommodation options for business and leisure travelers with properties in popular tourist destinations like Colombo and Kandy.

Additionally, John Keells Holdings has a strong presence in the transportation and logistics industry through its subsidiary, John Keells Logistics. The company provides comprehensive freight forwarding services, including customs clearance, warehousing solutions, inland transportation services, and documentation support. This allows them to cater to various customer needs while ensuring efficient supply chain management.

Overall, John Keells Holdings’ diversified portfolio positions it as one of the key players driving economic growth in Sri Lanka across multiple sectors.

Star Garment Group

 Star Garment Group is one of the leading Sri Lankan companies in the textile and apparel industry. Established in 1978, it has become a global player with operations in multiple countries. The company specializes in manufacturing high-quality garments for renowned international brands.

With a solid commitment to sustainability and ethical practices, Star Garment Group has become a preferred partner for many environmentally conscious fashion labels. The company’s state-of-the-art factories have advanced technology and adhere to stringent quality control measures. They have also implemented various initiatives to minimize their carbon footprint and promote responsible production.

Moreover, Star Garment Group places great emphasis on employee welfare and empowerment. Recognized as one of the best employers in Sri Lanka, they provide a safe working environment with fair wages and benefits. The company also invests heavily in training programs to enhance the skills of its workforce, ensuring high standards of craftsmanship.

In conclusion, Star Garment Group stands out among Sri Lankan companies due to its exceptional performance in the textile and apparel industry. Focusing on sustainability, ethical practices, and employee well-being, it has successfully positioned itself as a trusted partner for global fashion brands while contributing positively towards social and environmental causes.

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Emjay International

Emjay International is a prominent player in the Sri Lankan business landscape, known for its substantial presence in various sectors. With over two decades of experience, Emjay International has established itself as one of the top 10 Sri Lankan companies. The company operates in diverse manufacturing, real estate, hospitality, and retail industries.

In the manufacturing sector, Emjay International has significantly contributed to the country’s economy by producing high-quality products catering to local and international markets. Their commitment to innovation and investment in state-of-the-art technology has allowed them to stay ahead of competitors and maintain a strong market position.

Additionally, Emjay International has expanded its footprint in the real estate sector by developing luxurious residential properties and commercial spaces. Their projects are renowned for their excellent design aesthetics, quality construction materials, and sustainable practices. Furthermore, their presence in the hospitality industry includes owning several prestigious hotels known for their exceptional service standards and world-class amenities.

Emjay International’s diversified business portfolio and unwavering commitment to excellence positions it as one of Sri Lanka’s leading companies across multiple sectors.

Conclusion: 

In conclusion, Sri Lankan companies have emerged as key contributors to economic growth and innovation. With their diverse sectors, these companies have demonstrated their ability to adapt to changing market dynamics and generate employment opportunities for the local workforce.

One notable example is John Keells Holdings, a conglomerate that has significantly contributed to various industries such as transportation, leisure, and retail. Through its strategic investments and business acumen, John Keells Holdings has fueled economic growth and promoted sustainable development in Sri Lanka.

Another influential company is Dialog Axiata, which has played a pivotal role in revolutionizing the telecommunications industry in Sri Lanka. Dialog Axiata has contributed significantly to the country’s digital transformation by introducing cutting-edge technologies and innovative services. Furthermore, it has actively supported start-ups and nurtured a culture of innovation within the tech sector.

Overall, these top Sri Lankan companies exemplify how effective management strategies combined with a commitment to innovation can drive economic growth while fostering an environment conducive to entrepreneurship and creativity. As they continue to thrive on domestic and international fronts, these companies will undoubtedly play a crucial role in shaping Sri Lanka’s future economy.

FAQs | Top 10 Sri Lankan Largest Companies

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 The biggest company in Sri Lanka is John Keells Holdings PLC. Established in 1870, it is a conglomerate with a diverse portfolio of businesses ranging from transportation and leisure to financial services and consumer foods. With its headquarters in Colombo, John Keells Holdings has a significant presence in the Sri Lankan market and plays a crucial role in driving the country's economy.
Another notable company in Sri Lanka is Dialog Axiata PLC, which is the largest telecommunications service provider in the country. It offers a wide range of services including mobile, fixed-line, broadband, and digital television. With millions of subscribers and an extensive network infrastructure, Dialog Axiata has established itself as a key player in the telecommunications industry within Sri Lanka.

Overall, these companies are just a few examples of the thriving business landscape in Sri Lanka. The country's economy continues to grow, attracting both domestic and international investments, leading to the development of various industries and companies that contribute significantly to its economic progress.

As of 2022, there are numerous IT companies operating in Sri Lanka. While it is difficult to provide an exact number, the country has seen a significant growth in its IT sector over the past decade. The Sri Lankan government has been actively promoting the development of the IT industry, leading to the establishment of many local and international companies.

Colombo, the capital city, is considered as the main hub for IT companies in Sri Lanka. It houses a large number of software development firms, digital marketing agencies, and technology consulting companies. Additionally, other major cities such as Kandy and Galle also have a considerable presence of IT companies.

Some well-known IT companies in Sri Lanka include Virtusa Corporation, WSO2, Sysco LABS, and IFS. These companies offer a wide range of services including software development, cloud computing solutions, cybersecurity services, and data analytics. Overall, the IT industry in Sri Lanka continues to expand with new startups emerging regularly and contributing to the country's economic growth.

The most valuable brand in Sri Lanka is currently Dialog Axiata. As the largest telecommunications provider in the country, Dialog Axiata has established a strong presence and reputation over the years. It offers a wide range of services including mobile, fixed-line, broadband, and digital television, catering to both individual consumers and businesses.

Dialog Axiata's success can be attributed to its commitment to innovation and customer satisfaction. The brand has consistently introduced new technologies and services to meet the evolving needs of its customers. Additionally, it has invested heavily in building a robust network infrastructure across the country, ensuring reliable connectivity for its users.

Overall, Dialog Axiata's strong market position and continuous efforts towards providing quality services have contributed to its recognition as the most valuable brand in Sri Lanka.

The revenue of IT companies in Sri Lanka has been steadily growing over the years. According to recent reports, the IT industry in Sri Lanka generated a total revenue of approximately $1 billion in 2019. This represents a significant increase from previous years and showcases the country's growing potential as an outsourcing destination for IT services.

Several factors have contributed to this growth, including the availability of a skilled workforce, favorable government policies, and a strong infrastructure that supports the sector. Sri Lanka has also been successful in attracting foreign investments in the IT industry, which has further boosted its revenue. Additionally, the country's strategic location and time zone compatibility with major markets have made it an attractive choice for international clients seeking cost-effective and high-quality IT solutions.

In conclusion, the revenue of IT companies in Sri Lanka has experienced notable growth in recent years, reaching approximately $1 billion in 2019. With continued investments and support from both local and international stakeholders, it is expected that this upward trend will continue in the future.

The top three industries in Sri Lanka are textiles and apparel, tourism, and telecommunications.
The textile and apparel industry is one of the largest contributors to Sri Lanka's economy, accounting for a significant portion of its export revenue. The country has established itself as a leading manufacturer and exporter of garments, with many international clothing brands sourcing their products from Sri Lankan factories. This industry provides employment opportunities for a large segment of the population and plays a crucial role in driving economic growth.

Tourism is another key industry in Sri Lanka, known for its beautiful beaches, cultural heritage sites, and wildlife reserves. The country has seen a steady increase in tourist arrivals over the years, attracting visitors from around the world. Tourism contributes significantly to foreign exchange earnings and job creation in various sectors such as hospitality, transportation, and entertainment.

Lastly, the telecommunications industry has experienced rapid growth in recent years due to increased mobile phone penetration and internet usage. Sri Lanka boasts a well-developed telecommunications infrastructure with widespread access to mobile networks and internet services. This sector has attracted significant investment from local and international players, offering various services such as voice calls, data plans, mobile banking, e-commerce platforms, and digital entertainment options.

Overall, these three industries play vital roles in driving economic development in Sri Lanka by creating employment opportunities, generating foreign exchange earnings, promoting trade relations with other countries, and contributing to the country's overall GDP growth.

The top industry in Sri Lanka is the service sector, which contributes significantly to the country's economy. This sector includes various industries such as tourism, telecommunications, banking and finance, information technology, and healthcare. Sri Lanka has become a popular tourist destination in recent years, attracting visitors from all over the world with its beautiful beaches, cultural heritage sites, and wildlife reserves.

The telecommunications industry has also experienced rapid growth, with mobile phone usage increasing steadily.
Another important industry in Sri Lanka is agriculture. The country is known for its tea and rubber plantations, which are major contributors to its exports. Sri Lanka is one of the largest exporters of tea globally and produces high-quality varieties that are highly sought after. Additionally, the country also cultivates other agricultural products such as rice, coconut, spices (such as cinnamon and pepper), and fruits.

Overall, while the service sector takes the lead as Sri Lanka's top industry due to its significant contribution to the economy, agriculture remains an essential sector that plays a vital role in supporting livelihoods and generating export revenue for the country.

Sri Lanka's largest exports encompass a diverse range of products. One of the key sectors that contribute significantly to the country's export earnings is textiles and apparel. Sri Lanka is well-known for its high-quality garments, including ready-made clothing, undergarments, and accessories.

The textile industry is supported by a skilled workforce and advanced manufacturing techniques, enabling Sri Lanka to compete globally.
Another major export from Sri Lanka is tea. The country has a long-standing history in tea production, with its tea plantations renowned for producing some of the finest teas in the world. Ceylon tea, as it is commonly known, is highly sought after for its unique flavors and aromas. With a focus on sustainability and ethical practices, Sri Lanka continues to maintain its position as one of the leading exporters of tea worldwide.

In addition to textiles and tea, Sri Lanka also exports other products such as rubber-based items like tires and gloves, spices like cinnamon and pepper, coconut-based products including oil and desiccated coconut, as well as precious stones like sapphires. These exports contribute significantly to Sri Lanka's economy by generating foreign exchange earnings and creating employment opportunities for its citizens.

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