• Source: LOLC Holdings

LOLC Holdings PLC is a Sri Lankan conglomerate listed on the Colombo Stock Exchange (CSE). Originally starting as a non-banking financial company 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

=
Seylan Bank
LOLC Finance
LOLC 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




Finances



Source: Annual Report, 2021/22 (pp. 314–315)




References

Kata Kunci Pencarian:

• LOLC Holdings
• LOLC Finance
• LOLC
• Ishara Nanayakkara
• Brown and Company
• Hemas Holdings
• Hela Apparel Holdings
• List of companies listed on the Colombo Stock Exchange
• List of Sri Lankan public corporations by market capitalisation
• John Keells Holdings