Home  ⁄  Tag Archives: Prakash Schaffter

Orient Finance Expands Reach in Eastern Region with New Branches 25th September 2024 – Colombo: Orient Finance PLC, a leading financial services provider, has strengthened its presence in the Eastern region with the opening of two new branches in Chenkalady and Kaluwanchikudy. These strategic additions bring Orient Finance’s total branch network to 37, ensuring wider accessibility to its comprehensive range of financial solutions. By establishing a local presence, Orient Finance aims to cater to the unique financial needs of the Eastern community and contribute to their needs and growth, offering a comprehensive suite of financial services tailored to meet the specific needs of their customers. These services include mobilization of Deposits, Savings Accounts, Leasing, Gold Loans, Alternative Finance Solutions, Corporate Financing and many more. END. Photo Caption Image 1 – Orient Finance Chenkalady Branch Image 2 – Orient Finance Kaluwanchikudy Branch About Orient Finance Orient Finance offers a comprehensive suite ...

Sep 26, 2024 Posted by In Articles Tagged , , , , , ,
Read More →

Orient Finance PLC Celebrates 43 Years of Stability and Financial Achievement 15th August 2024 – Colombo: Orient Finance PLC proudly commemorated its 43rd anniversary on July 26, 2024, marking over four decades of stability and excellence in the financial industry. Founded in 1981, Orient Finance PLC has solidified its position as a leading finance company in Sri Lanka through consistent growth and financial prudence. In the past fiscal year, the company has achieved significant financial results, with a profit of approximately 350 million and an asset base increasing over 20 billion. With the successful implementation of decisive actions and recovery strategies, Orient Finance has stabilized its financial standing, paving the way for sustainable future growth. ...

Aug 16, 2024 Posted by In Articles Tagged , , , , , , ,
Read More →

Janashakthi Life Celebrates Top Performers with Exclusive Yacht Tour 22nd July 2024, Colombo: Janashakthi Life recognized and celebrated the achievements of its top performers by hosting an exclusive Yacht Tour featuring a scenic sunset cruise. Over 75 high-achieving agents were selected for this special event. The tour also provided an opportunity for Janashakthi Life’s senior management team to connect with their top performers on a personal level. -END- About Janashakthi Insurance PLC Founded in 1994 as a Life Insurance company, Janashakthi Insurance PLC (Janashakthi Life) made its mark in the industry as an innovator and household name for nearly 30 years. Janashakthi Life has a strong presence across the island, with an expanding network of over 79 branches and a dedicated call centre. In line with its purpose of “uplifting lives and empowering dreams”, Janashakthi Life remains committed to becoming a leader in the Life Insurance industry by delivering a ...

Jul 22, 2024 Posted by In Articles Tagged , , , , , , , ,
Read More →

Orient Finance PLC Welcomes Daniel Alphonsus as Independent Non-Executive Director 09th July 2024 – Colombo: Orient Finance PLC, a member of the Janashakthi Group, announces the appointment of Daniel Alphonsus as an Independent Non-Executive Director to the Company’s Board of Directors, effective from 5th of July 2024. Daniel spearheads Daraz’s payments, financial services, and digital goods divisions across South Asia. In addition, he serves on multiple economic reform committees for the Sri Lankan government. His previous roles include serving as an economic adviser to Sri Lanka’s finance ministry and holding positions at the foreign ministry and Verité Research. Daniel holds a degree in Philosophy, Politics, and Economics from Balliol College, Oxford, and a degree in Public Policy from the Harvard Kennedy School, where he was a Fulbright Scholar. With this appointment, the Orient Finance PLC Board comprises Rajendra Theagarajah (Chairman), K.M.M. Jabir (Executive Director/Chief Executive Officer), Prakash Schaffter, Sriyan Cooray, ...

Jul 9, 2024 Posted by In Articles Tagged , , , , , ,
Read More →

Janashakthi Life records highest ever PBT of LKR 5.2Bn. 186% growth from last financial year 19th April 2024, Colombo: Janashakthi Life, one of the leading life insurance companies in Sri Lanka, has recorded remarkable growth in profitability for the financial year 2023. Marked by a record profit before tax of LKR 5.2 billion, along with a resounding growth of 201% in profit after tax compared to 2022. This achievement is the highest in the entire history of Janashakthi Life. It underscores the company’s robust financial health and strategic proficiency in navigating market challenges. The key financial indicators, such as a Capital Adequacy Ratio of 272%, a Liquidity Ratio of 3.9 times, an ROE of 27%, Earnings Per Share of LKR 18.25, and LKR 3.4 billion in claim settlements, solidify the prudent financial management from the perspective of all stakeholders. “One of the key factors that contributed to Janashakthi Life’s success ...

Apr 20, 2024 Posted by In Articles Tagged , , , , , , , ,
Read More →

Orient Finance PLC Appoints Manohari Abeyesekera to Board of Directors 02nd April 2024 – Colombo: Orient Finance, a member of the Janashakthi Group, announces the appointment of Manohari Abeyesekera as an Independent Non-Executive Director to the Company’s Board of Directors, effective from 26th March 2024. Manohari is a Chartered Accountant and Chartered Global Management Accountant with over 20 years of post-qualification experience in leadership C-suite executive positions in both the private and state sectors in Sri Lanka. She currently serves as a Global Council Member of the Chartered Institute of Management Accountants (CIMA UK), a Council Member of the Sri Lanka Institute of Directors (SLID), and a Board Member of the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLASSMB), which serves as a regulator. Additionally, Manohari serves as an Independent Non-Executive Director of Kapruka Holdings PLC. She completed a three-year term in January 2023 as an Independent Non-Executive Director/Chairperson ...

Apr 2, 2024 Posted by In Articles Tagged , , , , , ,
Read More →