Tuesday, November 30, 2010
LOLC - the ‘Diversified Group of Companies of the Year’
Diversified financial conglomerate, Lanka ORIX Leasing Company PLC (LOLC), was lauded at the National Business Excellence Awards 2010 held recently. At the event, LOLC won Gold for the ‘Diversified Group of Companies Sector’ whilst emerging runners up and 2nd runners up at the Best ‘Capacity Builder’ and ‘Extra Large Sector’ categories respectively. LOLC’s associate company LOLC Leisure Ltd. was awarded Silver at the ‘Hospitality’ category for one of its hotels – Eden Resorts and Spa.
The National Business Excellence Awards is an annual award competition conducted by The National Chamber of Commerce of Sri Lanka (NCCSL) which recognizes and celebrates the spirit of excellence amongst the local business enterprises. Enterprises which have contributed to the socio-economic development of the country through its exemplary business practices are given the opportunity to display its business excellence at a national platform, whilst being further encouraged to climb the highest ladders of achievement. Institutions that have demonstrated excellence in progress in areas such as Business and Financial Performance, Global Reach, Knowledge Integration, Technological Investment, Capacity Building, Performance Management, Corporate Governance and Corporate Social Responsibility are evaluated and adjudged by an esteemed specialized panel of judges. At the previous year’s ceremony too, LOLC emerged winner at the "Specialized Banking Sector" category in its very first participation of this prestigious competition.
Starting with humble beginnings, over the years LOLC has rapidly evolved into a highly respected, extremely dynamic and diversified group of Companies in Sri Lanka. Progressing from being a pioneer Leasing and Factoring company, LOLC emerged a leader in providing innovative financial and non-financial solutions to people and sectors in different spheres of society. At present, LOLC’s interests ranges from Finance, Agriculture, Trading, Construction, Fisheries, Transport, Manufacturing, Leisure, Tourism, Education, Information Technology, Insurance, Power & Energy, Project Development, Real Estate, Plantations to Motor Repairs and Services.
Commenting on this achievement, the Group Managing Director and CEO Kapila Jayawardena said, "Being recognized at the National Business Excellence Awards amongst many other respected peer-business enterprises is an honour in itself. It reaffirms LOLC’s success story, whilst honouring the journey commenced 30 years ago. It is with the staunch commitment and passion with which the LOLC family has always contributed towards the Company becoming a leader amongst the top Corporates of the industry. I am indeed proud of their efforts. I also take this opportunity to commend the efforts taken by NCCSL to keep the spirit of national enterprise alive in Sri Lanka."
source - www.island.lk