Ceylinco Consolidated
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Ceylinco Consolidated is one of Sri Lanka's oldest and largest business conglomerates. The group's founder was Senator Justin Kotelawala. His ambition was to build the tallest building in Colombo, which led to the opening of Ceylinco House in 1961, the city's first high-rise. But the first Ceylinco company founded by Kotelawala was Ceylinco Insurance Company in 1939. Ceylinco includes over 500 subsidiary companies. It has more than 450 offices with a cadre of over 30000 employees. A few of the many companies incorporated are listed below.
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[edit] Subsidiaries
Ceylinco Consolidated has more than 500 subsidiaries which have spread among a vast area of business operation sectors in Sri Lanka and abroad.
[edit] Ceylinco Life
Earlier known as Ceylon Insurance Company Ltd. It was the first company registered under the Companies Ordinance of 1938 and commenced business on 3rd of April 1939. They changed name to Ceylinco Ltd and was appionted as one of the Principal Agents to the National Insurance Company. Ceylinco Insurance Company Ltd was registered as a Public Company in 1987 and commenced business on 14th January 1988. Soon the Company started its insurance operations in both Life & General business.
[edit] Ceylinco Homes
Ceylinco Homes International was set up in 1994, as a property development company for the construction of luxury houses and apartments in residential areas in and around Colombo.
[edit] Ceylinco Leasing
The Core business of the company is the provision of finance loan facilities of movable properties. The Company is a market leader in providing operational lease facilities to the corporate sector.
[edit] Ceylinco Selna
Ceylinco Selna Ltd was incorporated in May 2003. The company engages in Real Estate and Property Development. Ceylinco Selna is also engaged in property exchange, management, financing and broking activities.
[edit] Ceylinco Grameen Credit Co. Ltd
The Prime objective of Ceylinco Grameen is upliftment of the poorest of the poor in Sri Lanka. The company provides Micro-loans to the poorest of the poor who do not have any mortgage or guarantors. They train and guide the members to develop their own small-scale-businesses. The company grant them Rs. 5000 as the first step to any member to start or to develop his or her own business. At the end of the year 2004, the total number of membership was over 75000.
[edit] Other subsidiaries
Other subsidiaries include:
- A E C Edu Group (Pvt) Ltd.
- American National College.
- Asian Finance Limited.
- Astra Diamonds Limited.
- Blue Diamonds Brilliance (Pvt) Ltd.
- Blue Diamonds Jewellery Worldwide Ltd.
- Blue Diamonds Ltd.
- C.A.S. Recoveries & Custodial Services (Pvt) Ltd.
