With a promise of “Transforming Spaces”, Sri Lanka’s diversified conglomerate JAT Holdings is celebrating 25 years of transforming lives through its products and services in 2018.
Founded in 1993, JAT Holdings started off as a humble start-up and today is a world-renowned stalwart conglomerate, the company said in a media release.
From being the pioneer in Water Base wood coating in Sri Lanka, JAT has now expanded into the entire paints category, as well as furnishing, real estate development, technologies and Agri verticals. Launching into the global world, JAT has also tapped in to the neighboring countries of Bangladesh, India and Pakistan, successfully competing in those nations with its own brands and establishing itself as a regional powerhouse.
Speaking at the gathering held to commemorate the 25th Anniversary, Founder/Managing Director Aelian Gunawardene noted that the financial stability of the company has grown to a great extent over the years. He added that as a result, ICRA Ltd/Moody’s Investor Services has rated JAT Holdings (Pvt) Ltd, as an “A+ stable” company for the third year in succession, the only private company in Sri Lanka to achieve this rating.
Mr. Gunawardene also recognized long standing and loyal staff members who have been with JAT from the inception. What started off as a small-scale operation in 1993, is today a 550-employee strong company.
Over the last few years JAT also launched its new logo and brand identity ushering in a new era of growth strategy which included increasing awareness, appealing to new markets, and broadening its international reach. JAT has also involved itself in key Corporate Social Responsibility projects, and has been a part of events such as the signing of a Chemical Leasing Agreement with MAS Group.
The statement said the company also made some strategic changes within its ranks over the years to better manage its growing portfolio of brands and services. The Board of Directors, Strategic Advisors, and a Chief Executive Officer were appointed to drive the organisation forward into the next phase. As another initiative the company has also invested in a state-of-the-art office complex at its Headquarters in Thalawathugoda which was declared open in conjunction with the 25th anniversary celebrations. Stepping into the Silver Jubilee, the company has also planned to carry out many events and initiatives to mark this milestone.