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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 
Mr. Nalin Wijekoon (CEO)
Mr. Chris Corea
Mr. Dushan Soza

Management Committee
 

Ms Indresh Fernando - Chief Operating Officer

Mr. Sanjeewa Premawardana - Chief Financial Officer

Mr. Nalaka De Silva - Deputy General Manager

Mr. Shehan Uduwara - Senior Manager

Mr. Gangadharan Murrlidhar - Senior Manager

Mr. Bharatha Manjula - Senior Manager

Mr. Ashok Jayantha Perera - Head of Deposits Mobilization

 

 

    

Board of Directors
Images

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.

Images

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).

    

Senior Management

Ms. Indresh Fernando

Chief Operating Officer

Ms. Indresh Fernando is fellow of the Chartered Institute of Management Accountants (UK)  and counts for over 18 years of experience in the Accountancy profession  in diverse sectors such as Financial services, Inbound travel, Telecommunications, Out bound travel and Leisure sector. She has held several   senior positions in the Corporate Sector and has served in the capacity of Sector Finance Director at both Hemas Transportation sector and  Hemas Hotels sector ( Serendib group) prior to joining.

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.

Mr. Shehan Uduwara

Senior Manager

Shehan joined the group to strengthen the recoveries arm of the Company which became imperative to keep abreast with the envisioned and expanding business activities. He counts 10 years of experience of which 8 years tallying to experience in Managerial capacity at Nations Trust Bank and the remainder in house. His experience reckon-up strategic and effective means of result oriented expertise focused on Credit Risk Management. More importantly his abilities in meeting commitments and deadlines in operational settings have been decisive in bringing about desired results. Shehan is also backed with the knowledge of providing administrative and strategic guidance and feedback in all areas combined with consumer loans and credit inclusive of onward processing.

Mr. Gangadharan Murrlidhar

Senior Manager

Mr. Murralidhar overlooks the Gold Loans units of the company. He was a Partner of S D Jewels Mart for a period of 4 years. From 2002 – 2009 he was the Proprietor of S R Jewels Mart. In 2010 he joined Ariyawansa Investments & Jewellers as a Branch Manager. Prior to joining to Softllogic Finance he has worked at The Finance Co. Plc as Manager – Pawning.

Mr. Bharatha Manjula

Senior Manager

Mr. Bharatha Manjula has more than 15 years of experience in Leadership and Senior Management positions in local and international organizations. Key capabilities in IT, Quality Management & HR. 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, prior to joining with Bartleet Finance PLC as Senior Manager – HR & Administration
 

Mr. Ashok Jayantha Perera

Head of Deposits Mobilization

Mr. Perera joined Softlogic Finance on 21st December 2015 as Head of Deposit Mobilization and he overlooks Deposits & Savings Division 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. Sanjeewa Premawardana

Mr. Sanjeewa Premawardana

Mr. Premawardana 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.  Prior to joining with Softlogic Finance, he was engaged in Cargills Bank Ltd as Head of Finance Management Reporting.

    

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