Sumathi Holdings journeying with heritage towards modern technology | Daily News

Sumathi Holdings journeying with heritage towards modern technology

Sumathi Holdings, a large and extensively diversified business conglomerate in Sri Lanka began its monumental journey soon after Sri Lanka received Independence in 1948. Backed by a rich history and heritage, U. W. Sumathipala & Sons was the brain child of U. W. Sumathipala, a young entrepreneur who stepped in to the business arena and made a profound impact and difference.

Having commenced operations in the government supplies and construction industry, fueled by his sharp business acumen and long-term vision for growth, he rapidly expanded into business territories such as Turf accounting, Film production and as a gem merchant created an indelible impression.

In 1979 Jagath Sumathipala entered the business with Milina Sumathipala and consolidated all the business under Sumathi Holdings. Today Sumathi Holdings has journeyed successfully into the new era. The Group has made several strategic investments and alliances in several key sectors of the economy. Overall operations are driven by Jagath Sumathipala, the Chairman / Managing Director of Sumathi Holdings, along with Samantha Sumathipala, Director of the subsidiaries of Sumathi Holdings and their sons Chadu Sumathipala and Chathula Sumathipala in the capacities of Executive Director and Director Strategy and Business Development respectively.

The brand has built strong equity to its name and has created multiple strong alliances with leading global brands that are synonymous with quality, performance and sustainability. The group has diversified into many industries broadly categorized under key segments including IT, Entertainment and Hospitality, Health sector, Renewable Energy and Corporate Services with each of the subsidiaries being individually managed by dynamic individuals with independent organization structure and operation methodologies.

Chairman/Managing Director Jagath Sumathipala, sharing his views on the journey thus far commented, “We have always believed and stuck to our roots and origins which have greatly helped us to reach the pinnacle of our success. Our strong heritage backed by integrity and a forward thinking attitude has helped us to venture into new territories and industries making us a multi-diversified group. We have transformed our operations over the years and today Sumathi Holdings is excelling in achieving growth, financial efficiencies and operational excellence.”

The group is poised for a robust growth across multiple industries exploring the endless possibilities available in the local & international markets. Sumathi Holdings has realigned itself to its stakeholders and customers and is currently aligning itself to the overall vision of the group. The dynamic father-sons collaboration brings together the thinking and visions of generations bridging the gaps and bringing Sumathi Holdings to the forefront of innovation and technology as they strive to be the best in any industry they venture into.


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