Melstacorp

Melstacorp PLC.
Type	Public
Industry	Beverages; Diversified; Financial Services; IT/BPO; Manufacturing; Health; Telecommunications; Plantation; Power; Hospitality; Logistics; Media;
Headquarters	110, Norris Canal Road; Colombo 10. Sri Lanka
Key people	D. H. S. Jayawardena; (Chairman); Amitha Goonaratne; (Managing Director)
Revenue	Rs 154.475 billion (2020)[1]
Operating income	Rs 33.314 billion (2020)[1]
Net income	Rs 4.424 billion (2020)[1]
Total assets	Rs 253.206 billion (2020)[1]
Total equity	Rs 126.756 billion (2020)[1]
Owner	Milford Exports (42.8%); Commercial Bank of Ceylon (5%)
Number of employees	23,697 (2020)[1]
Subsidiaries	Distilleries Company of Sri Lanka PLC; Periceyl Pvt Ltd; Aitken Spence PLC ; Continental Insurance Lanka Ltd; Bellvantage Pvt Ltd; Bell Solutions Pvt Ltd; Melsta Technologies Pvt Ltd; Melsta Gama; Texpo Industries Limited; Melsta Health; Lanka Bell Limited; Balangoda Platations PLC; Madulsima Planattions PLC; Bogo Power; Heritance Negambo; Melsta Logistics; Pelwatte Sugar Industries; Splendor Media Pvt Ltd
Website	www.melstacorp.com

Melstacorp PLC is a Sri Lankan diversified conglomerate. It is listed in the Colombo Stock Exchange. Melstacorp PLC is one of the 10 largest listed companies. It has a market capitalization of approximately USD 450 million.

Deshamanya Harry Jayawardena is the Chairman .

Lines of business

Melstacorp subsidiaries are involved in industries such as Distilling, bottling and distribution of liquor, Insurance, Health, Manufacturing, Logistics, ICT, Telecommunications, Energy, Tea and Rubber Plantations, Hospitality, Property Development, Brand Management, and in Advertising.

It is the holding company of Distilleries Company of Sri Lanka PLC.[2] In addition to Distilleries Company of Sri Lanka PLC, Melstacorp PLC also owns the liquor manufacturing Company named Periceyl Private Limited (100%), Milford Holdings (Private) Limited (100%), Aitken Spence & Co. PLC (51%), Melsta Logistics (Private) Limited (100%), Melsta Technologies (Private) Limited (100%), Melsta Properties (Private) Limited (100%), Melsta Brands (Private) Limited (100%), Bellvantage (Private) Limited (100%), Continental Insurance Lanka Limited (100%), Splendor Media (Private) Limited (100%), Bogo Power (Private) Limited (98%), Balangoda Plantations PLC (58.6%), Madulsima Plantations PLC (55.9%), Browns Beach Hotels PLC (42%), Melsta Tower (Private) Limited (100%), Melsta Health (Melsta Hospital Ragama, Melsta Laboratories, Joseph Fraser Memorial Hospital), Melsta Gama, Texpo Industries Limited, Lanka Bell Limited and Bell Solutions Pvt Ltd.

History

Melstacorp PLC was originally formed as Beruwala Distillery (Private) Limited in 1995. Distilleries Company of Sri Lanka (DCSL) acquired the Company and renamed it Melstacorp Limited in order to subsequently make it the holding Company of the then DCSL group. All subsidiary companies of DCSL were transferred to the Company between 2010 and 2015. In 2016 through a 180 degree share swap, Melstacorp became the holding company of DCSL.[3]

After the share swap Melstacorp was listed in the Colombo Stock Exchange on 30 December 2016.

References

"Melstacorp Annual Report 2019/20" (PDF). CSE. Melstacorp. 11 September 2020. Retrieved 14 December 2020.
"Why? Melstacorp By Harry J?". Daily Mirror Online. 4 April 2011. Retrieved 2011-04-04.
"Transformation at Distilleries as Melstacorp takes over parent company | The Sunday Times Sri Lanka". www.sundaytimes.lk. Retrieved 2018-11-23.

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[METRO20-1] "Melstacorp Annual Report 2019/20" (PDF). CSE. Melstacorp. 11 September 2020. Retrieved 14 December 2020.

[2] "Why? Melstacorp By Harry J?". Daily Mirror Online. 4 April 2011. Retrieved 2011-04-04.

[3] "Transformation at Distilleries as Melstacorp takes over parent company | The Sunday Times Sri Lanka". www.sundaytimes.lk. Retrieved 2018-11-23.