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About Us
Softlogic Finance PLC

Softlogic Finance PLC is a licensed finance company, incorporated in 1999 and licensed by the Monetary Board of the Central Bank of Sri Lanka under theFinance Business Act No. 42 of 2011.

The company is a premier financial powerhouse engaged in the granting of SME working capital loans, business loans, lease and hire purchase facilities, group personal loans, consumer loans, gold loans, other credit facilities and the acceptance of fixed deposits and the operation of savings accounts.

The company has been on an accelerated expansion drive and has established its presence in 36 locations, comprising of 30 branches and 6 standalone pawning centres.

Vision

To be the preffered non-banking financial institution in Sri Lanka.

Mission

To strive to delight our customers through custom- made financial solutions, served through our professional and highly motivated team, committed to excellence. To create shareholder value through stability and above- average returns. To sustain our continued commitment to being a good corporate citizen, and make a positive contribution to the community and environment.

Values

Performance

We are committed to a result - oriented culture. We place customers at the centre of our activities and we hold ourselves responsible to deliver what we promise in keeping with customer need 

Innovation

We constantly challenge conventional wisdom and develop new solutions to meet customer requirements.

Integrity

We act fairly and honestly. We believe in ethics and trans-parency in all our dealings

Human Capital

We benefit from the diversity of our business and our people by working together to achieve success. We treat all our staff with respect and dignity, provide opportunities to their career enhancement and reward them for good performance

Success

We always strive to be the best in our business and posses a will to win

Corporate Responsibility

We care for the community and the environment taking the responsibility to protect them. We are a good corporate citizen and support worthy causes and CSR projects.

 

 

Corporate Information
The Company
 

Softlogic Finance PLC

Holding Company
 

Softlogic Capital Limited

Legal Form
 

Incorporated 24th August 1999 under the Companies Act No 17 of 1982

Re-registered under the Companies Act No. 7 of 2007 on 29th September 2008

Registered under the Finance Companies Act No. 78 of 1988

Registered under the Finance Leasing Act No. 56 of 2000

Approved Credit Agency under the Mortgage Act No 6 of 1949 and Inland Trust Receipts Act No 14 of 1990.

Quoted in the Colombo Stock Exchange on January 22, 2009

Registered under the Securities & Exchange Commission of Sri Lanka Act No. 36 of 1987 as Margin Provider

Company Registration Number
 

PB641PQ

Tax Payer Identification Number
 

134008350

Central Bank Registration Number
 

Finance Lease Company - FLA/56

Accounting Year End
 

31st March

Registered Office
 

No. 13, De Fonseka Place, Colombo 4

Principal Place of Business
 

No. 13, De Fonseka Place, Colombo 4.
Tel : 94-11- 2307284 - 8, 94-11- 2359600
Fax : 94-11- 2307289
E-mail: info@softlogicfinance.lk

Secretaries
 
P W Corporate Secretarial (Pvt) Limited 
No.3/17, Kynsey Road 
Colombo 8
Auditors
 

PricewaterhouseCoopers

Bankers
 

HSBC
DFCC Vardhana Bank
Sampath Bank
Bank of Ceylon
Commercial Bank
Seylan Bank
Hatton National Bank
Pan Asia Banking Corporation
People’s Bank
Nations Trust Bank
Deutche Bank

Legal Advisors
 

Nithya Partners

Board of Directors
 

Mr. Ashok Pathirage (Chairman)

Mr. Aaron Russel (Executive Deputy Chairman)

Mr. Nalin Wijekoon (CEO)

Mr. Chris Corea

Mr. Dushan Soza

Mr. Haresh Kaimal

Mr. Nilantha Bastian

 

 

 

Management Committee
 

Mr. Lohika Fonseka – Chief Operating Officer

Mr. Sanjeewa Premawardana - Chief Financial Officer

Mr. Nalaka De Silva - Deputy General Manager

Ms. Nadeeka Wimalathunga – Head of Legal

Mr. Bharatha Manjula – Head of HR

Mr. Ashok Jayantha Perera - Head of Deposits Mobilization

Mr. Pesala Karunaratna – Head of Marketing

Mr. Kamal Roshan – Chief Internal Auditor

Mrs. Roshani Abeysundara - Chief Credit Officer 

Mr. Gangadharan Murrlidhar - Senior Manager

Mr. Chanura Wijetillake - Assistant General Manager complience

 

    

Board of Directors
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Mr. Ashok. Pathirage

Chairman
Mr Pathirage founded Softlogic in 1991 and has served the Softlogic Group as the Managing Director from the inception. He was appointed as the Chairman of the Group in 2000. He is one of the most dynamic and successful businessman in Sri Lanka and is also the Chairman / Managing Director of the Asiri Group of Hospitals. He started his career at a leading Blue Chip Company in Sri Lanka and has over 25 years of experience at Senior Managerial capacity in the Information Technology Industry and in the Business world. He is instrumental in developing the Softlogic Group from a Software Development Company into a successful retail Group.
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Mr. Aaron Russell-Davison

Executive Deputy Chairman
 Mr. Russell-Davison joined the Board of Softlogic Finance in June 2017, and has over 20 years of banking experience. He is currently an Independent Non-Executive Director of Amãna Bank and was previously the Global Head of Debt Capital Markets for Standard Chartered Bank, based in Singapore. Russell-Davison is also a former Director of Standard Bank, Credit Suisse and Hypoverinsbank, and has held a series of other senior investment banking positions across a number of countries including Hong Kong, Singapore and London.
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Mr. Nalin Wijekoon

Director / CEO
Mr Wijekoon is a fellow Member of Chartered Institute of Management Accountants, London and Associate member of the Institute of Chartered Accountants of Sri Lanka. Finalist of the Institute of Bankers (Sri Lanka). He has worked in Peoples' Bank as a Finance Officer from 1978 to 1990. Then he has joined KMPG Ford Rhodes Thornton as the Branch Manager, Kandy, in 1990 and joined DFCC as a Project Officer in 1992. He joined Vanik Incorporation Ltd as Asst. Vice President - Finance in 1994. He has undergone numerous training programs in Sri Lanka and Overseas, including training in Harvard University, Boston, USA. He counts for more than 25 years of experience in the Financial Sector.
 
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Mr. Chris Corea

Director
Mr. Chris Corea holds BSc (Hons) degree from the University of Colombo. He has obtained his MBA and MSc degrees from the same University. Mr. Corea has completed his CIMA Examinations in 1983. He is a member of the Computer Society of Sri Lanka (former Treasurer), the Chartered Institute of Management Accountants (UK) and the Natural History Society of Sri Lanka (former President).

He started his career at Computer Service Bureau as an Analyst Programmer and has extensive experience at John Keells Group and Jaykay Computer Services. He served with the Keells Group as the head of the MIS Division of the Group where he was responsible for the Software Development and IT consulting for the entire group until he left the group in 2004 to launch Riscor Consultants a software products company. 

Mr. Corea was a visiting lecturer on the MBA Programme of the University of Colombo for a period of 5 years.
 
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Mr. Dushan Soza

Director
Mr. Dushan Soza has more than 25 years of experience in Leadership and Senior Management Positions in local and international organizations. Key capabilities in Leadership and Governance, Brand Marketing, Infrastructure and Strategic Dev. In depth experience in setting up and running BPO operations with special focus on People & OD and Team Building. Strong Networking with Influencers, Industry Leaders and Private and Public Sector. 

Guest Speaker – Invited Guest Speaker at CIMA International World Conference KL Malaysia 2009, Outsourcing World Sydney Australia 2008, many local annual conferences such as CIMA, ACCA,CMA, International ISACA on Risk and Compliance, Annual HR conference and National CEO Forum on HR. Featured in International magazines. 

BPO industry thought leader / SLASSCOM Founder Board Member, Many interviews by local and international media on industry and skills development. Currently he is working for WNS Global Services Private Ltd as the Managing Director / Chairman (Sri Lanka and Head of Ops Legal vertical WNS worldwide).
 
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Mr. Haresh Kaimal

Non-Executive Director
Mr. Haresh Kaimal is also the Co-Founder and Executive Director of Softlogic Holdings. He is currently a Director of Odel PLC and Softlogic BPO Services (Pvt) Ltd. With over 30 years of experience in IT and operations, he also heads the IT Division of the Softlogic Group and has been instrumental in driving advancements in Information Technology and Enterprise Resource Management within Softlogic Holdings.
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Mr. Nilantha Bastian

Non-Executive Director

Mr. Nilantha Bastian has over 18 years of banking experience at HSBC Sri Lanka, with the last 6 years as HSBC’s Country Head of Retail Banking and Wealth Management for Sri Lanka and Maldives. Mr. Bastian has previously worked with Seylan Bank PLC, in the Advertising industry and also trained at Ernst &Young. He is a Director of and a Consultant to MA’S Tropical Food Processing (Pvt) Ltd and a Fellow of CIM(UK). Mr. Bastian joined the Softlogic Finance Board in April 2018.

 

 

 

 

    

Senior Management

Mr. Lohika Fonseka

Chief Operating Officer

Lohika is having over 24 years of experience in Banking & Finance Sectors and held the Senior Management positions in several organizations in Sri Lanka. He has completed the MBA from University of Wales, Cardiff, UK and BA (Hons) in Business Accounting from the University of Lincolnshire & Humberside, UK and Diploma in Banking in Bankers Institute of Sri Lanka. He is an Associate Member of CIM (UK). He started his career from Hatton National Bank as Banking Assistant and held different positions in Seylan Bank, Mercantile Leasing Ltd and Orient Finance PLC.  Prior to joining with Softlogic Finance, he was engaged in Colombo Trust Finance PLC as Chief Executive Officer.

Mr. Sanjeewa Premawardana

Chief Financial Officer
Sanjeewa has over 21 years of experience in Banking Sector and held the Senior Management positions in several organizations in Sri Lanka. He has completed the Master of Business Administration, specialized in Finance from Cardiff Metropolitan University, UK, a Fellow member of CIMA and an Associate Member of the Association of Certified Global Management Accountants, USA. Also he is a life member of the Association of Professional Bankers of Sri Lanka. He started his career at Sampath Bank as Senior Executive and a Visiting Lecturer for MBA & MSc students of University of West Scotland and Asia e-University. He was engaged in Cargills Bank Ltd as Head of Finance - Management Reporting prior to joining with Softlogic Finance PLC.

Mr. Nalaka De Silva

Deputy General Manager
Nalaka joined Softlogic finance with nearly eighteen years’ experience in the field of Leasing & Collections with exposure to Litigation & debt recovery. He was in the managerial grade for over 10 years. Prior to Softlogic Finance he held the position of Manager – Consumer Collections (Consumer Loans & Credit Cards) at the Nations Trust Bank with a proven track record. He has been managing a large team of collectors, supervisors and assistant managers and was also responsible for their training and development. He has attended in many professional training programmes in collections and recoveries held both locally and internationally, with special emphasis on recovery strategy formulation and work-flow designs. Prior to Nations Trust Bank, he worked for Bartleet Finance PLC for eight years holding numerous positions. He had also held the position of Labour Welfare Officer at Diplomatic Labour Welfare in Cyprus, representing the Sri Lankan Government and the Foreign Employment Bureau of Sri Lanka. He overlooks the Sales division of the company.

Ms. Nadeeka Wimalatunga

Head of Legal
Nadeeka transferred to the Softlogic Finance from Asiri Group of Hospital PLC from October 2017 as Head of Legal and he overlooks Legal Division of the company. She has over 8 years of experience in Legal field and held the Senior Management positions in several organizations in Sri Lanka. She has entered to Sri Lanka Law College in 2007 and enrolled as an Attorney-at-Law of the Supreme Court of Sri Lanka in 2010. She has started her career at Ganlaths, Attorneys-at-Law & Notaries Public as a Legal Assistant. Prior to transferring to the Softlogic Finance, she has engaged in Asiri Group of Hospitals PLC as Legal Officer, Group Manager – Legal and the last position was Group Manager – Legal & Compliance.

Mr. Bharatha Manjula

Head of Human Resources
Bharatha has more than 17 years of experience in Leadership and Senior Management positions in local and international organizations. Key capabilities in IT, Quality Management, Administrations & Human Resources. He is an Associate Member of the Ceylon Hotel School Graduate Association (CHSGA), an Affiliate Member of the Institute of Personnel Management (IPM) and a Certified Internal Assessor of TATA Quality Management Services (TQMS), India. He started his hospitality career in 1992 with Taj Group of Hotels and later joined the Lotus Hospitality Group in Dubai as Corporate HR Manager, which oversee 05 hotels. He has worked in Reed Lanka Holdings Pvt. Ltd, the holding company of 05 companies, as Group Manager – HR & Compliance and He was the Senior Manager – HR & Administrations at Bartleet Finance PLC.

Mr. Ashok Jayantha Perera

Head of Deposits Mobilization
Ashok overlooks the Deposits & Savings Divisions of the company. He has more than 31 years of experience in banking field and held the Leadership and Senior Management positions in Sales & Marketing, Treasury and Branch Operations. He has completed Banking Diploma Examination, Diploma in Treasury Investment & Risk Management at Institute of Bankers of Sri Lanka. He started his career in 1980 with Eswaran Brothers, Colombo, and has worked at Habib Bank Limited, Colombo as Manager Treasury. Prior to joining with Softlogic Finance, he was engaged in MBSL Savings Bank as Head of Branch Operations and his last position was Head of Treasury.

Mr. Pesala Karunaratna

Head of Marketing
He has 04 years of experience in Banking Sector and more than 08 years in Commercial Sector and held the Senior Management positions in several organizations. He has completed the Professional Postgraduate Diploma in Marketing at CIM (UK) and currently following the Final stage of ACCA - UK. He started his career at HSBC as Senior Personal Banking Advisor/Business Development Officer and has worked as Junior Brand Manager at Unilever Sri Lanka, Assistant Brand Manager at Ceylon Cold Stores PLC, Brand Manager at Richlife Diaries Limited and Dialog Axiata PLC. Prior to joining with Softlogic Finance, he was engaged in Interbrand local representative Michel Nugawela Brand Consultancy as a Brand Consultant.

Mr. Kamal Roshan

Chief Internal Auditor

Roshan has over 18years experience in Finance & Audit field out of which 12 years of experience in Banking & Finance Sector and held Senior Management positions in several organizations in Sri Lanka. He has completed the Bachelor of Commerce (Special) degree, specialized in International Trade (Banking, Finance, Trade & Marketing) from the University of Sri Jayawardanepura. He is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka. He started his career at Rowlands Group as a Book Keeper and had held different positions in Bank of Ceylon, Ernst & Young, Shell Renewables Lanka Ltd, SL Accounting & Auditing Standards Monitoring Board, DFCC Bank, Lankaputhra Development Bank, Hoodivian Group of Companies and SMB Leasing PLC (former Seylan Merchant Bank). His foreign exposure includes participation in international conference on IFRSs held in UK, conducted by the International Accounting Standards Board and the World Fraud Conference held in USA, conducted by the Certified Fraud Examiners USA. Prior to joining Softlogic Finance, he was engaged in Abans Finance PLC as Head of Finance (CFO).

Mrs. Roshani Abeysundara

Chief Credit Officer

Roshani is having over 25 years of experience in Banking & Finance Sector including Relationship Management, Corporate Banking and Credit. She is holding the memberships in ACCA, CIMA, CIM, AAT & ABE and had participated in numerous training programs on Leadership & Management. She started her career from Hayleys Limited as a Clerk and held different positions in Maritime Agencies, Keels Business Systems, Banque Indosuez, Standard Chartered Bank, NTB Bank, Union Bank, Amba Research Lanka Pvt Ltd and National Development Bank. Prior to joining with Softlogic Finance PLC, she was engaged in ICICI Bank as Head of Corporate Banking

Mr. Gangadharan Murrlidhar

Senior Manager
Murralidhar overlooks the Gold Loans unit of the company. He was a Partner of S. D. Jewels Mart for a period of 4 years and was the Proprietor of S R Jewels Mart. Later he joined with Ariyawansa Investments & Jewellers as a Branch Manager. Prior to joining with Softllogic Finance, he has worked at The Finance Co. Plc as Manager – Pawning

Mr. Chanura Wijetillake

Assistant General Manager - Compliance

He has over 35 years of experience in Banking Sector including Branch Administration, Credit & Compliance. He has obtained the Fellowship of Institute of Bankers Sri Lanka (FIB) and he is an Associate Member of International Professional Manager’s Association (UK). He has also completed the Diploma in Business Management from ICFAI University, India.
 
He started his career at Commercial Bank of Ceylon PLC as an Executive Officer and held different positions in the Bank & at the time retiring from the service, prior to joining Softlogic Finance PLC; he was in the Corporate Management of the Commercial Bank of Ceylon PLC as the Assistant General Manager – Compliance. He had represented the Bank and participated in numerous training programs in Singapore, Hong Kong, Bangladesh, China & Germany.  

    

Financial Statement
       
Rs. 000s 2016/17* 2015/16* 2014/15*
OPERATING RESULTS      
       
Gross Income 4,312,019 4,080,598 3,972,902
       
Profit Before Tax 529,715 157,709 270,934
       
Taxation 164,915 84,567 54,444
       
Profit After Tax 364,800 73,142 216,490
       
ASSETS      
       
Investments 1,962,016 2,165,798 2,059,796
       
Loans & Receivables 17,665,324  14,881,571 12,432,979
       
Lease & Hire Purchase Rentals Receivables 949,317 1,444,231 3,095,119
       
Vehicle Stocks 25,644 58,695 262,585
       
Real Estate Stocks 82,799 423,763 356,885
       
Property & Equipment 373,818 373,352 333,803
       
Other Assets 1,130,459 925,099 1,209,953
  22,189,377 20,272,509 19,751,120
       
LIABILITIES      
       
Public Deposits 16,048,474 14,055,203 12,363,202
       
Borrowings 3,671,392 4,076,520 5,581,737
       
Other Liabilities 177,377 154,810 117,191
  19,897,243 18,286,533 18,062,130
       
SHAREHOLDERS’ FUNDS      
       
Share Capital/Stated Capital 1,692,615 1,692,615 1,404,523
       
Reserves & Retained Earnings 599,519 293,361  284,467
  2,292,134 1,985,976 1,688,990
       
SHARE INFORMATION      
       
Earnings Per Share (Rs.) 6.18 1.40 5.44
       
Net Assets Per Share (Rs.) 38.80 33.62 33.23
       
Debt Equity Ratio (times) 8.68 9.21 10.69
       
OTHER INFORMATION      
       
No. of Employees 490 491 521
       
Supporting Network 31 30 18
       

 

    

Achievements