Softlogic Holdings Explained

Softlogic Holdings PLC
Type:	Public
Industry:	Conglomerate
Founder:	Ashok Pathirage
Hq Location City:	Colombo
Hq Location Country:	Sri Lanka
Key People:	Ashok Pathirage (Chairman)
Revenue:	LKR96.899 billion
Revenue Year:	2023
Operating Income:	LKR1.851 billion
Income Year:	2023
Net Income:	LKR(23.657) billion
Net Income Year:	2023
Assets:	LKR184.237 billion
Assets Year:	2023
Equity:	LKR(17.872) billion
Equity Year:	2023
Num Employees:	11,092
Num Employees Year:	2023
Footnotes:	^[1]

Softlogic Holdings PLC is a diversified conglomerate in Sri Lanka engaged in ICT, healthcare, retail, financial services, automobiles and leisure.^{[2] [3]}

History

Softlogic began as a software development company in 1991 by Ashok Pathirage and twelve employees.^[4] The company later successfully obtained the Dell authorised distributorship in Sri Lanka. Softlogic ventured into the telecommunications sector with a partnership with Dialog Axiata offering corporate and individual Dialog GSM packages. Pathirage who realised the potential of mobile communications acquired the national dealership of Nokia in the year 2000.^[5] Softlogic went through a period of aggressive growth between 2006 and 2009 where they entered the retail sector with the acquisition of Uni Walkers (Pvt) Ltd. Softlogic which had begun to diversify entering retail and lifestyle sectors opened furniture stores and showrooms islandwide. Softlogic became the authorised dealer for Panasonic, Samsung, Nokia, Dell, Apple, Candy, Russell Hobbs, Kelvinator adding the brand names within its fold of Consumer Electronics. The branded apparel sector was also growing with the authorised distributor status for the jeanswear brand ‘Levis’ in 2009.

Later Softlogic acquired and renovated Ceysands Hotels and Resorts jointly with Centara chain of Hotels. They also acquired Asiri group of hospitals as well as a large stake in the retail chain ODEL and built a 5-star 24-storey hotel with Movenpick in Colombo.^{[6] [7] [8]}

Sectors

Healthcare

Softlogic Holdings is represented in the healthcare sector by Asiri Health chain of hospitals.^{[9] [10]}

Retail

• Consumer Electronics ^[11]
• Branded Apparels - Galleria, ODEL^[12]
• Furniture
• Restaurants - Burger King, Baskin Robbins, Crystal Jade, Popeyes, Subway, Delifrance ^[13]
• Softlogic Glomark Supermarkets
• Agora Super Stores - Bangladesh ^[14]

Financial

• Softlogic Finance PLC^[15]
• Softlogic Life Insurance PLC^[15]
• Softlogic Stockbrokers (Pvt) Ltd^[16]

ICT

• Softlogic Information Technologies^[17]
• Softlogic Computers
• Softlogic Communications
• Softlogic International
• Office Automation
• Softlogic Australia
• Softlogic Mobile Distribution
• Softlogic BPO Services

Automobile

• Softlogic Automobiles^[18]
• Future Automobile ^[19]

Leisure

• Abacus International Lanka
• Centara Ceysands Resort & Spa ^[20]
• NH Collection Colombo^[21]

Sports

• Softlogic Holdings bought the ownership of Colombo Stars franchise ahead of the 2021 Lanka Premier League.^{[22] [23]}

Notes and References

1. Web site: Annual Report 2022/23 . cse.lk . Softlogic Holdings PLC . 7 May 2024.
2. News: Mango opens first store in Colombo. Daily News. 27 December 2011. 12 September 2016.
3. Web site: Our History. Softlogic. www.softlogic.lk. 12 September 2016.
4. Web site: Financial Times.
5. News: Simple Business Logic.
6. Web site: Softlogic Holdings PLC. www.softlogic.lk. Softlogic. 12 September 2016.
7. News: Softlogic on target with new ODEL mall, Kandy hospital and Movenpick Hotel . The Sunday Times. 12 September 2016.
8. News: President launches Mövenpick’s Five-Star Colombo Hotel. 16 February 2017.
9. News: Asiri Hospitals relaunches as ‘Asiri Health’. 16 February 2017.
10. Web site: Healthcare sector. Softlogic.
11. Web site: Softlogic Holdings PLC. www.softlogic.lk. 2017-04-08.
12. Web site: Online Fashion Store ODEL Sri Lanka Online Shopping Sri Lanka. www.odel.lk. en-gb. 2017-04-08.
13. Web site: Security Check Required. www.facebook.com. en. 2017-04-08.
14. Web site: Sri Lankan company snaps up Agora . tbsnews.net. 2022-03-06.
15. Web site: Softlogic Life. www.softlogiclife.lk. en. 2017-04-08.
16. Web site: Stock Broking - Softlogic Stockbrokers. www.softlogicequity.lk. 2017-04-08.
17. Web site: Softlogic Holdings PLC. www.softlogic.lk. 2017-04-08.
18. Web site: Welcome to Daihatsu. www.daihatsu.lk. 2017-04-08.
19. Web site: www.fordsrilanka.com. www.fordsrilanka.com. 2017-04-08.
20. Web site: Bentota StaysCentara Ceysands Resort & Spa Sri Lanka. www.centarahotelsresorts.com. Centara Hotels and Resorts in Thailand & International -. www.centarahotelsresorts.com. en-us. 2017-04-08.
21. Web site: Mövenpick Hotel Colombo 5 Star Hotel in Colombo City Center. www.movenpick.com. en. 2017-04-08.
22. Web site: Softlogic Holdings to take ownership of Colombo Franchise for LPL 2021. 20 November 2021. The Papare. en-gb.
23. Web site: Softlogic Holdings to take ownership of Colombo Franchise for LPL 2021 Daily FT. 2021-11-20. www.ft.lk. English.