Business
Mahindra IDEAL Finance marks another growth milestone
Mahindra IDEAL Finance Limited, a prominent player in Sri Lanka’s non-banking financial services sector, continues to expand its branch network with the latest addition in Piliyandala. The newly inaugurated branch, situated at No. 64/1, Horana Road, Piliyandala, marks a significant milestone for Mahindra IDEAL Finance Limited as it establishes its 31st branch across the island, a Mahindra IDEAL Finance press release said.
The release addes: ‘This strategic expansion reflects Mahindra IDEAL Finance Limited’s commitment to providing accessible financial solutions and fostering growth across Sri Lanka’s diverse communities. Piliyandala, a vibrant suburb and commercial hub, now joins its network of branches, aligning with Mahindra IDEAL Finance Limited’s mission to bring financial services closer to the people it serves.
‘Deputy Chairman, Aravinda de Silva expressed enthusiasm about this expansion saying, “Our journey is one of empowerment and shared prosperity. Our new Piliyandala branch exemplifies our unwavering commitment to shaping brighter financial futures for all Sri Lankans. Piliyandala is a significant suburb and centre for commerce and industry. Thus, we are delighted to welcome the community through our doors, and look forward to providing an unparalleled trusted customer experience, whilst also creating world-class opportunities for emerging talent in the region.”
‘Mahindra IDEAL Finance Limited’s focus on rural and semi-urban sectors remains evident in its diverse lending portfolio, covering motor vehicles, gold loans, Speed drafts and more. As a subsidiary of Mahindra & Mahindra Financial Services Limited, the India-based global financial services giant, Mahindra IDEAL Finance Limited continues to make strides in enhancing financial inclusivity in Sri Lanka.
‘This new expansion into Piliyandala also clearly aligns with Mahindra IDEAL Finance Limited’s ambitious plans for sustainable growth, which envision a robust network of branches in key urban centres across the island. This strategic move comes amid the company’s other noteworthy achievements, including gaining recognition as a Great Place to Work for four consecutive years, together with distinguished acclaim within the banking, finance, and insurance sector.’
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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