Renuka Holdings PLC, also called Renuka Group, is a conglomerate company in Sri Lanka. Ceylonese businessman Alfred Thambiyah laid the foundations of the Renuka Group by acquiring the Crago Boat Dispatch Company in 1936 and establishing Renuka Hotel, named after his youngest daughter Indu Renuka in 1969. Indu Renuka Rajiyah founded Renuka Enterprises in 1975, and Renuka Holdings in 1979 marked the formal beginning of the group. Renuka Holdings went public in 2008 and following the listing on the Colombo Stock Exchange, the company pursued a growth strategy. Renuka Holdings is one of the LMD 100 companies in Sri Lanka and also one of the 20 largest conglomerates in Sri Lanka.
History
Ceylonese businessman Alfred Thambiayah laid the foundations of the Renuka Group. Thambiyah went to business with Chittampalam A. Gardiner, and together they cofounded Ceylon Theatres Ltd in 1928. In 1936, Thambiyah acquired the Cargo Boat Dispatch Company, a shipping company operating in the Port of Colombo. Thambiyah was appointed chairman and managing director of Cargills (Ceylon) and Millers in 1960.[2] In 1969, Renuka Hotel built in Colombo and named after Thambiyah's youngest daughter Indu Renuka. Indu Renuka Rajiyah founded Renuka Enterprises in 1975[3]