Sarvodaya Development Finance PLC
CCSELK:SDF.N000034.00
LKR
-1.00
(-2.86%)
ISIN
LK0475N00000
Return %
Stock
S&P 500
1Y
-33.33
14.20
3Y
165.63
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Nilantha Jayanetti
- Full Time Employees
- 652
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Colombo Sri Lanka
- IPO Date
- Dec 14, 2021
- Website
- sarvodayafinance.lk
- Similar Companies
- Business
- Sarvodaya Development Finance PLC is a Sri Lanka-based non-bank financial institution that provides development finance, microfinance, and retail banking solutions primarily to micro, small, and medium enterprises, agricultural producers, and rural and semi-urban communities. The company operates through specialized business segments encompassing Loans and Advances, Leasing and Hire Purchase, Pawning, and Deposits. Its product and service portfolio includes vehicle leasing and hire purchase facilities for commercial transport, agricultural tractors, two-wheelers, three-wheelers, and passenger vehicles; micro-enterprise and small and medium-sized enterprise loans for working capital and business expansion; agricultural financing, including crop cultivation loans and farming equipment funding; gold loans and pawning services; personal and consumer credit facilities; and green financing products, such as rooftop solar loans. The company also offers deposit and investment products comprising fixed deposits across varied maturities, general savings accounts, specialized women's savings schemes, children's savings plans, and senior citizen deposit products, alongside digital financial services, ATM access, electronic fund transfers via national payment systems, and micro-insurance distribution. The company delivers its financial services through an island-wide network of branches and customer service centers across Sri Lanka, maintaining a strategic focus on underserved regional economies. Formed to institutionalize the microfinance and economic empowerment activities of the Sarvodaya Shramadana Movement, the company was incorporated in 2010, evolved from the Sarvodaya Economic Enterprises Development Services initiative established in 1986, and is headquartered in Colombo, Sri Lanka. In recent developments, Sarvodaya Development Finance PLC has advanced its digital transformation program by upgrading its core banking infrastructure, deploying digital transaction channels, and integrating with the LankaPay national payment network to broaden cashless access for regional clients. The company has expanded its green and sustainability-focused financing portfolio, introducing specialized credit lines for renewable solar energy adoption and climate-resilient agricultural practices. In addition, the institution has undertaken capital enhancement initiatives to strengthen its Tier 1 and total capital adequacy ratios in compliance with Central Bank of Sri Lanka regulatory standards, while expanding its regional touchpoints and launching targeted financial literacy and entrepreneurship development programs for women-led micro-enterprises.