Building Sustainable Enterprises in Sri Lanka

Arimac

Arimac

Founded in 2011, Arimac is a Sri Lanka-based end-to-end digital solutions provider in mobile and enterprise solutions, artificial intelligence and machine learning, immersive technologies, game development, fintech, robotics, and social media management. Offering innovative solutions at lower costs compared to global competitors, Arimac provides services to over 300 Sri Lankan and international corporate clients in Asia-Pacific, Read more
the Middle East, and the Caribbean. The company’s gaming division, IMI Games, is an innovative digital platform that delivers localized and curated multi-genre mini-games through a mobile application and has published over fifty authentic local game titles. In 2016, IMI developed Sri Lanka’s first 3D video game, Kanchayudha, a game that immerses players in an epic historical saga. Read less
Panasian Power

Panasian Power

Panasian Power (PAP) is one of Sri Lanka’s leading suppliers of clean, renewable energy to the country’s national energy grid. Since its establishment in 2002, PAP has been one of the leaders in the country spearheading Sri Lanka's energy generation mix onto a path of affordable, sustainable, and reliable energy for all citizens through three hydropower plants and rooftop and ground solar projects. Read more
The company also offers engineering, procurement, and construction (EPC) services for third-party power generation projects in Sri Lanka. PAP’s business growth is expected to be supported by the Sri Lankan government’s focus on promoting solar power in the country through programs such as “Soorya Bala Sangramaya”. The government aims to reduce the cost of solar power generation and increase the number of hydropower sites and wind sites in Sri Lanka. In July 2021, Emerald Fund fully divested its stake in PAP through a strategic sale. Read less
Consolidated Business Systems

Consolidated Business Systems

Consolidated Business Systems Limited (CBS) is an agricultural products export company. CBS was founded in 1979 to export tea before diversifying its offerings into other product categories. Today, the company offers a variety of products, including tea, coconut products, and multiple fresh, Read more processed, and dried food products. Over the last five years, CBS has transformed into one of the leading coconut exporters from Sri Lanka, with coconut-based products such as coconut oil and coconut milk becoming the company’s major revenue-generating offerings. The company has earned numerous awards since its inception, including Sri Lanka’s Presidential Export Awards in 1992, 1993, 1994, 2005, and 2006 in the non-traditional agricultural produce exports segment. In December 2023, Emerald Fund divested its entire stake in CBS. Read less
Idea Group

Idea Group

Idea Group Limited (IGL) manufactures and distributes polyvinyl chloride (PVC) roofs, ceilings, and architectural materials in Sri Lanka. Commencing operations in 2008, IGL operates through an island-wide network of approximately 400 exclusive franchise outlets and markets its architectural hardware products through third-party distributors. The company's extensive network is a platform for launching and promoting complimentary Read more products such as a wide range of wall panels, adhesives, and other household fixtures. IGL recently introduced several new products, including PVC-based flooring material and wall panels. The company is also involved in other businesses, including data entry, digital document management, printing, packing and packaging, travel and tourism, advertising, imports and exports, trading, construction, and hotel management. Read less
JAT Holdings

JAT Holdings

Founded in 1993, JAT Holdings (Private) Limited (JAT) is a Sri Lankan company that manufactures water-based wood coatings segment. JAT has exclusive rights to manufacture and distribute one of the leading wood coating brands in the world, Sayerlack, across Sri Lanka, India, Bangladesh, Maldives, Pakistan, and Seychelles. The Sayerlack brand is part of Sherwin Williams, the largest paint manufacturer in the world. JAT also distributes well-known Read more brands of wood treatment solutions, wood fillers, sandpapers and abrasives, office furniture, flooring and ceiling solutions, and PVC products. Emerald Fund fully divested its stake in JAT through an IPO on the Colombo Stock Exchange. Read less
Cleanline Linen

Cleanline Linen

Sri Lanka’s popularity as an international tourism destination has resulted in a rising number of hotels and increasing standards of hospitality services. Due to increasing tourism, hotels in Sri Lanka are facing operational challenges in running their laundry services along with the associated waste-water treatment and the management of LPG (liquefied petroleum gas) inventory. Cleanline Linen Management (Private) Limited (CLM) Read more was founded in 2015 to help alleviate operational pressures on Sri Lankan hotels by offering them end-to-end laundry services. The company’s services include collection, washing, processing, and delivery of bedroom and pool linen and uniforms. CLM employs innovative and environmentally sustainable solutions to automate its processes and reduce waste generation, including waste-water generation from these processes. Read less

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