LOLC Holdings PLC is a Sri Lankan conglomerate listed on the Colombo Stock Exchange (CSE). Originally starting as a non-banking financial company LOLC has grown into one of the largest Sri Lankan conglomerates involved in many sectors and subsidiaries in several countries although it is still mainly involved in the financial sector.
History
LOLC was originally founded as Lanka ORIX Leasing Company (LOLC) which then grew into the LOLC Group. As diversification and growth continued LOLC became a holding company.[2]
By 2019/20 LOLC was among the most profitable companies in Sri Lanka but adopted a strategy of aggressive expansion without paying dividends to fuel overseas expansion in Cambodia, Myanmar, Pakistan, Philippines, Indonesia, Nigeria and Zambia.[3][4]
In January 2021 the market capitalization of LOLC Holdings exceeded $1Billion.[5]
LOLC using its Browns Investments PLC also became the partner of China Harbour Engineering Company Limited for the development of the Colombo International Financial Center Mixed Development Project. Becoming the first major local investor in the megaproject. [6]
Subsidiaries
LOLC Holdings includes numerous subsidiaries in various sectors and companies with significant ownership by LOLC. These include,[7]
Financial
- Seylan Bank
- LOLC Finance
- LOLC Development Finance
- LOLC Securities
- LOLC Life Assurance
- LOLC General Insurance
- LOLC Factors
- LOLC Securities
- LOLC Capital One
- LOLC Investments
- LOLC Motors
- Commercial Leasing and Finance
- PRASAC Micro Finance Institution
- LOLC Cambodia
- LOLC Myanmar Micro-finance
- LOLC Al-Falaah
- LOLC Fleet Management
- Sarana Sumut Ventura
- LOLC Finance Zambia
- Fina Trust Microfinance Bank
- Pak Oman Microfinance Bank Ltd
Agriculture
- Browns Agriculture
- AgStar
- Maturata Plantations
- Gal Oya Plantations
Leisure
- Browns Hotels and Resorts
- Excel Restaurants Pvt Ltd
Energy
- Sagasolar Power
- Sunbird Bioenergy Sierra Leone
Construction
- Browns Engineering and Construction
- Sierra Construction
Information Technology
- LOLC Technologies
Manufacturing
- LOLC Advanced Technologies
- Ceylon Graphene Technologies
Finances
Source: Annual Report, 2021/22 (pp. 314–315)[1]
References
- Annual Report 2024/25 cse.lk, LOLC Holdings PLC, 2026, retrieved 11 March 2026^
- LOLC lolc.com, retrieved 2021-01-30^
- Dilshan Nadeera. LOLC paid no dividends for past several years to fund overseas expansion: Ishara retrieved 2021-02-03^
- LOLC CONCLUDES US$ 603 MN SALE OF PRASAC AMIDST TURBULENT GLOBAL ECONOMIC CONDITIONS Daily News, retrieved 2021-02-03^
- Dilshan Nadeera. LOLC Holdings, third $1 billion company at CSE retrieved 2021-01-30^
- Shirajiv Sirimane. Port City to bring economic benefits for entire country’ Daily News, retrieved 2021-05-22^
- Annual Report 2019/20 retrieved 28 January 2021^