Hemas Holdings Explained

Hemas Holdings PLC
Type:Public
Founder:Sheikh Hassanally Esufally
Hq Location City:Colombo
Hq Location Country:Sri Lanka
Revenue: LKR113.940 billion
Revenue Year:2023
Operating Income: LKR10.963 billion
Income Year:2023
Profit: LKR5.068 billion
Profit Year:2023
Assets: LKR98.498 billion
Assets Year:2023
Equity: LKR39.120 billion
Equity Year:2023
Num Employees: 5,380
Num Employees Year:2023
Subsid:Hemas Hospitals
Rating:Fitch

AAA(lka)

Footnotes:[1]

Hemas Holdings PLC is a diversified corporate with a focused interest in consumer, healthcare, and mobility. Hemas is a publicly listed company with 5,380 employees.

History

In 1948, Hemas started  with simple intent: to empower families to aspire for a better tomorrow. This core belief has informed its growth for over 75 years. Today, Hemas empower families to aspire for a better tomorrow through its focus in Consumer, Healthcare and Mobility. Woven into the socioeconomic fabric of Sri Lanka, Hemas has also expanded operations to Bangladesh.

Operations

Today, Hemas is a publicly quoted company listed on the Colombo Stock Exchange with over 4,000 shareholders and is regarded as one of the most respected and transparent companies in Sri Lanka and Asia's Most Socially Responsible Company.[2]

On 25 June 2020, Kasturi Chellaraja Wilson was appointed as the CEO of Hemas Holdings and will replace Steven Enderby as the CEO with effect from 1 October 2020 as a part of the company's succession plan.[3] [4] Kasturi also became the first female group CEO of a public quoted conglomerate in Sri Lanka.[5] She was also appointed as the deputy CEO of Hemas Holdings and will resume her duties as the deputy CEO with effect from 1 July 2020.[6]

On 15 December 2020, Hemas announced they will sell Serendib Hotels to LOLC Group for LKR792 million.[7]

External links

Notes and References

  1. Web site: Annual Report 2022/23 . cse.lk . Hemas Holdings PLC . 24 May 2023.
  2. Web site: Hemas wins Asia's Most Socially Responsible Company Award. 2020-08-06. dailymirror.lk. English.
  3. Web site: LBO. 2020-06-25. Kasturi Wilson to succeed Steven Enderby as CEO of Hemas. 2020-06-25. Lanka Business Online. en-US.
  4. Web site: Kasturi to succeed Steven Enderby as Hemas Group CEO Daily FT. 2020-06-27. ft.lk. English.
  5. Web site: Kasturi Chellaraja Wilson appointed as the Group ceo of Hemas Holdings plc. 2020-06-25. dailymirror.lk. English.
  6. Web site: Sri Lanka: Kasturi Chellaraja Wilson to succeed Steven Enderby as CEO of Hemas. 2020-06-25. colombopage.com.
  7. Web site: 2020-12-15. Sri Lanka's Hemas Holdings sells Serendib Hotels to LOLC. 2020-12-16. EconomyNext.