People's Leasing & Finance PLC, sometimes called People's Leasing Company or commonly abbreviated PLC, is a licensed non-banking financial company in Sri Lanka.[2] The company is ranked 30th in LMD 100, an annual list of leading listed companies in Sri Lanka.[3] Brand Finance placed the company 21st amongst the 100 most valuable brands in Sri Lanka.[4] The company was incorporated in 1995 and in 2010 listed on the Colombo Stock Exchange. 75% of the shares of the company is held by the People's Bank, one of the two government-held banks of Sri Lanka.
History
The company was incorporated in 1995 as a limited liability company. During 2008/09 the company diversified into new business areas by forming two subsidiaries. People's Insurance Ltd was incorporated as a wholly owned subsidiary in 2009/10. The company was listed on the Colombo Stock Exchange in 2010. The company merged with its subsidiary People's Finance PLC in 2013/14.[1]