LOLC Holdings

LOLC Holdings PLC
Type	Public
Traded as	CSE: LOLC.N0000
Industry	Conglomerate
Headquarters	Colombo, Sri Lanka
Key people	Ishara Nanayakkara (Deputy Chairman)
Products	Financial Services, Agriculture & Plantation, Leisure, Renewable Energy, Construction Manufacturing, Trading
Brands	LOLC, Browns

LOLC Holdings is a Sri Lankan Diversified Conglomerate listed in the Colombo Stock Exchange (CSE). Originally starting as a non-banking financial company LOLC has grown into one of 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.[1]

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.[2][3]

In January 2021 the market capitalization of LOLC Holdings exceeded $1Billion.[4]

Subsidiaries

LOLC Holdings includes numerous subsidiaries in various sectors and companies with significant ownership by LOLC. These include,[5]

Financial

LOLC Finance
LOLOLC Development Finance
LOLC Securities
LOLC Life Assurance
LOLC General Insurance
LOLC Factors
LOLC Securities
LOLC Capital One
LOLC Investments
LOLC Motors
Commercial Leasing & 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

Agriculture

Browns Agriculture
AgStar
Maturata Plantations
Gal Oya Plantations

Leisure

Browns Hotels & Resorts
Excel Restaurants Pvt Ltd

Energy

Sagasolar Power
Sunbird Bioenergy Sierra Leone

Construction

Browns Engineering & Construction
Sierra Construction

Information Technology

LOLC Technologies

Manufacturing

LOLC Advanced Technologies
Ceylon Graphene Technologies

References

"LOLC | History". lolc.com. Retrieved 2021-01-30.
Nadeera, Dilshan. "LOLC paid no dividends for past several years to fund overseas expansion: Ishara". Retrieved 2021-02-03.
"LOLC CONCLUDES US$ 603 MN SALE OF PRASAC AMIDST TURBULENT GLOBAL ECONOMIC CONDITIONS". Daily News. Retrieved 2021-02-03.
Nadeera, Dilshan. "LOLC Holdings, third $1 billion company at CSE". Retrieved 2021-01-30.
"Annual Report 2019/20" (PDF). Retrieved 28 January 2021.

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[1] "LOLC | History". lolc.com. Retrieved 2021-01-30.

[2] Nadeera, Dilshan. "LOLC paid no dividends for past several years to fund overseas expansion: Ishara". Retrieved 2021-02-03.

[3] "LOLC CONCLUDES US$ 603 MN SALE OF PRASAC AMIDST TURBULENT GLOBAL ECONOMIC CONDITIONS". Daily News. Retrieved 2021-02-03.

[4] Nadeera, Dilshan. "LOLC Holdings, third $1 billion company at CSE". Retrieved 2021-01-30.

[5] "Annual Report 2019/20" (PDF). Retrieved 28 January 2021.