Skip to main content

From sharemarket to Sri Lanka's Richest: Dhammika Perera



His business acumen is very high. Regardless of the economic environment, you can find opportunities quickly. Your advantage is that any company that fits your business model will quickly succeed. Dhammika Perera is a leading figure in the Sri Lankan business sector. Many people do not know that he is the one who moves his hand behind many companies in the country. Many of his acquisitions have been successful and his influence has spread to all fields. Since 1999, it has awakened the sleeping giants of Sri Lankan business. You are proving that the impossible is possible! 

 During the Civil War, Pereira enrolled in the National Technical Diploma (NDT) course at the Technical College of the University of Moratuwa and then left to continue with his commercial activities. Then, he decided to move to Taiwan for a 6-month technical training. However, due to lack of technical skills, he returned from Taiwan three months later. [9] He started a machinery manufacturing business near his residence in Payagala in 1987, and continued until 1991. In 1991, then-President Ranasinghe Premadasa imposed a ban on boats and other machinery businesses, and had to venture into the car dealership in Paiyagala. [11] 

 He also runs Tito Electronics, an electronics store that repairs electronic circuit boards in Colpetty. In 1993, he began to get involved in gambling and started his own casino business in Isurugiri. Dhammika also started producing and selling neon bulbs in 1995. At that time, no manufacturer refused to sell these bulbs. In 1998, he also met Nadeem Ul Haque, then the resident representative of the International Monetary Fund in Sri Lanka, and established strong contacts. [12] 

 It was also involved in large companies, and when the company was in a loss in 1992, it decided to acquire and take over the ownership of Royal Ceremics and became its owner in 2000. It also bought Pan Asia Bank in 2002 when the bank it was considered a financial institution at a loss. After acquiring Pan-Asian Bank in 2002, it also cooperated with popular investor Nimal Perera, who were arguably the most successful pioneers of Sri Lanka's economy after the Civil War. [13] Since 2014 he has been the executive director of Vallibel Finance. In 

, Perera became the richest person in Sri Lanka, with a net worth of R72.6 billion (approximately US $ 550 million). [14] 

 It also owns significant shares in major financial institutions such as Vallibel Finance, Vallibel Power Erathna, Fortress Resorts, Queensbury Leisure Ltd and Delmege Limited. He is also the current Co-Chairman of Hayleys, Royal Ceramics Lanka, Horana Plantations and LB Finance. He is also a board member of Amaya Leisure, Haycarb, Hayleys MGT Knitting Mills, The Kingsbury Hotel, Dipped Products, Lanka Floortiles. [15] 

 He became the president of Lanka Tiles in 2017 and was named co-chair of the singer Sri Lanka in October 2017 after Hayleys agreed to buy the singer. [16] [17] Dhammika was appointed Chairman of Lanka Ceramic PLC in 2017, but resigned on August 31, 2018. [18] He was also appointed Chairman of the board of Lanka Walltiles in 2017. [19]

Comments

Popular posts from this blog

Behind Sri Lanka's Once Youngest Billionaire - Roshan Perera

I really didn't know a person called Roshan Perera existed. See? I told you Sri Lanka is not educating the youth or anyone about people who achieved success.  At 22, Roshan was considered the youngest Sri Lankan billionaire entrepreneur.  Roshan Perera is a Sri Lankan entrepreneur, business tycoon and venture capitalist, employing more than 5,000 Sri Lankans. At the age of 22, Roshan Perera is considered the youngest billionaire businesswoman in Sri Lanka, running a company with a turnover of more than 10 billion Sri Lankan rupees.   Roshan Perera was born in 1976 and studied at St. Joseph's College in Sri Lanka.   After dropping out of Harvard Business School and returning to China, he established contact with Disney, especially with the then Disney Chief Executive Michael Eisner (Michael Eisner). In 1996, he persuaded Disney to visit Sri Lanka, regardless of the country's raging civil war. Here's the breakthrough the country needs: Disney is the only Fort...

The LOLC empire: Ishara Nanayakkara

Ishara Nanayakkara Son of Rajah Nanayakkara, is a business magnate and a Sri Lankan entrepreneur, and the richest man in Sri Lanka as of (2020).  Ishara Nanayakkara's father is Rajah Nanayakkara, founder and CEO of Ishara Traders (Pvt) Ltd. The company is leading the way in importing and selling new and reconditioned cars. Thirty years later, the organization is still a leader in the industry.   Ishara turned into financial services and started investing in financial companies like LOLC. He was also appointed to the LOLC Board of Directors in 2002. He also served as Vice President of Lanka Orix Finance from 2011 to 2018 and was appointed President of Browns Investments in 2013. In  , you resigned from the board of directors of Sairam Bank in September 2018. After serving as a member of the board of directors from 2002 to 2018, he was appointed as the president of LOLC in 2018. Under his leadership, as of December 2018, the total asset value of LOLC has reached 1...

My First Blog Post

I am going to start this blog, to promote entrepreneurship for Sri Lankans to get inspiration from Sri Lankan entrepreneurs and learn from their journeys.  When I look at the books on my bookshelf those are all about the great biographies of Steve Jobs, Elon Musk, Andrew Carnegie, Mark Zuckerberg and etc. I always wondered why there aren't people like that in Sri Lanka who has changed the industries and revolutionized businesses to become successful. After a little research, I realized that the problem is not that Sri Lankan entrepreneurs don't exist, but the problem is no one has written about them.  As a solution, I would like to use this opportunity to write about the life stories as a blog in my blog page, in my free time so that future Sri Lankan's can read and get to know about the great stories of Sri Lankan founders along with people who changed the world.  I think it's pretty important to learn and get to know about other's journeys, I have achieved the thi...