Driving Diversification: LOLC's Blueprint for Sustainable Growth

LOLC, one of Sri Lanka's fastest-growing conglomerates, has distinguished itself as a pioneering multinational with a presence in 27 countries across Asia, Africa, and Central Asia.

- Jennifer Paldano Goonewardane

The Group has achieved remarkable growth across financial services, plantations, and leisure, driven by a strategy of geographic and sectoral diversification, innovation, and a strong focus on SMEs and inclusive finance. Speaking with Business Today, Kapila Jayawardena, Group Managing Director and CEO, shares insights on LOLC's growth trajectory, the principles behind its multinational expansion, and the vision that positions the Group as a catalyst for economic development and global value creation.

LOLC once again delivered a strong performance in FY2024/25 despite global volatility and the post-crisis adjustments in Sri Lanka. What were the most important strategic decisions that shaped this outcome?

Our deliberate diversification across industries and geographies has been the most decisive factor behind our strong performance. Operating in nine business verticals and across 27 countries, our international footprint has been a major stabilizing force during times of crisis, such as the COVID-19 pandemic, Sri Lanka's financial crisis, and the recent cyclone. The strength of our overseas operations has helped offset local disruptions, maintaining the Group's overall stability.

This twin diversification—across sectors and regions—remains our most critical strength. It has enabled us to grow, manage risk, smoothen earnings, and remain resilient in the face of various shocks.

Our people form the second major pillar of our success. Human capital drives our organization and is our highest priority. We are committed to sustaining a motivated and engaged workforce through a transparent and inclusive value-creation framework. We share significant profits with employees via two annual bonuses, paid in December and April. This ensures that our people share in the success they help create, building loyalty, accountability, and long-term commitment.