| LOLC Holdings PLC | |
| Type: | Public |
| Industry: | Conglomerate |
| Hq Location City: | Rajagiriya |
| Hq Location Country: | Sri Lanka |
| Products: | Financial services, Agriculture and Plantation, Leisure, Renewable energy, Construction, Manufacturing, Trading |
| Brands: | LOLC, Browns |
| Revenue: | LKR333.122 billion |
| Revenue Year: | 2023 |
| Operating Income: | LKR21.911 billion |
| Income Year: | 2023 |
| Net Income: | LKR21.671 billion |
| Net Income Year: | 2023 |
| Assets: | LKR1.566 trillion |
| Assets Year: | 2023 |
| Equity: | LKR433.974 billion |
| Equity Year: | 2023 |
| Num Employees: | 583 |
| Num Employees Year: | 2023 |
| Footnotes: | [1] |
LOLC Holdings PLC is a Sri Lankan conglomerate listed on the Colombo Stock Exchange (CSE). Originally starting as a non-banking financial company LOLC has grown into one of the largest Sri Lankan conglomerates involved in many sectors and subsidiaries in several countries although it is still mainly involved in the financial sector.
LOLC was originally founded as Lanka ORIX Leasing Company (LOLC) which then grew into the LOLC Group. As diversification and growth continued LOLC became a holding company.[2]
By 2019/20 LOLC was among the most profitable companies in Sri Lanka but adopted a strategy of aggressive expansion without paying dividends to fuel overseas expansion in Cambodia, Myanmar, Pakistan, Philippines, Indonesia, Nigeria and Zambia.[3] [4]
In January 2021 the market capitalization of LOLC Holdings exceeded $1Billion.[5]
LOLC using its Browns Investments PLC also became the partner of China Harbour Engineering Company Limited for the development of the Colombo International Financial Center Mixed Development Project. Becoming the first major local investor in the megaproject. [6]
LOLC Holdings includes numerous subsidiaries in various sectors and companies with significant ownership by LOLC. These include,[7]
| Year | Gross income LKR (mns) | Operating income LKR (mns) | Profit LKR (mns) | Assets LKR (mns) | No. of branches | |
|---|---|---|---|---|---|---|
| 2022 | 224,100 | 57,183 | 77,596 | 1,371,469 | 133 | |
| 2021 | 160,482 | 11,840 | 53,233 | 874,944 | 107 | |
| 2020 | 130,442 | (3,623) | 812 | 1,335,919 | 103 | |
| 2019 | 124,314 | 8,441 | 5,933 | 1,043,747 | 103 | |
| 2018 | 149,516 | 22,829 | 19,190 | 822,239 | 100 | |
| 2017 | 91,715 | 9,957 | 20,921 | 640,925 | 99 | |
| 2016 | 66,765 | 8,713 | 9,331 | 379,595 | 89 | |
| 2015 | 44,586 | 5,551 | 6,299 | 244,917 | 85 | |
| 2014 | 40,205 | 2,408 | 3,069 | 167,175 | 87 | |
| 2013 | 42,391 | 1,959 | 2,552 | 162,982 | 80 |