Senkadagala Finance PLC
CCSELK:SFCL.N0000310.00
LKR
+0.50
(+0.16%)
ISIN
LK0350N00005
Return %
Stock
S&P 500
1Y
-53.26
14.39
3Y
-15.24
81.42
5Y
38,230.30
68.62
Capital Structure
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- CEO
- Sahishnu Keshav Balasuriya
- Full Time Employees
- 1,215
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Colombo Sri Lanka
- IPO Date
- Mar 21, 2011
- Website
- senfin.com
- Similar Companies
- Business
- Senkadagala Finance PLC is a licensed non-bank financial institution based in Sri Lanka that provides a comprehensive range of retail, micro, small, and medium-sized enterprise (MSME), and commercial financing solutions. Founded in 1968 and headquartered in Colombo, Sri Lanka, the company operates as a subsidiary of E.W. Balasuriya & Co. (Pvt) Limited and serves individual, agricultural, and enterprise clients through a nationwide network of approximately 150 branches. The company organizes its operations across core product and service categories, comprising vehicle and equipment leasing and hire purchase financing for commercial, passenger, and agricultural vehicles; secured and unsecured lending facilities, including MSME business loans, commercial credit, working capital loans, gold-backed loans (pawning services), and loans against fixed deposits; deposit mobilization products, including term deposits, high-yield savings accounts, and certificates of deposit; investment and treasury products, consisting of listed debentures, commercial papers, margin trading facilities, and asset-backed securitizations; insurance brokerage services administered through its subsidiary Senkadagala Insurance Brokers (Pvt) Ltd; and electronic transactional services, including EMV-enabled debit cards, automated teller machine access, utility payment processing, and digital mobile banking through the Senfin Mobile and Senfin Express platforms. In recent developments, Senkadagala Finance initiated a capital-raising exercise via a rights issue of ordinary voting shares to raise approximately 1.03 billion Sri Lankan rupees to strengthen its Tier 1 capital base and support loan book expansion, receiving regulatory approval from the Colombo Stock Exchange. Additionally, the company entered into strategic promotional partnerships with automotive distributors, including Toyota Lanka, to provide structured vehicle leasing solutions, alongside ongoing technological upgrades to its Senfin Express mobile banking infrastructure to expand digital onboarding and remote transaction capabilities.