Business
HOMELUX celebrates its 10th anniversary

Today Homeluxe has become a leading distributor in Sri Lanka for high quality world-class, innovative kitchen appliances for consumers in the country. From a journey that started its operations with one retail outlet and a staff of 7 in 2012, Homelux has grown today to evolve into an innovative business operating island-wide with 14 internationally renounced brands offering over 988 products in its portfolio.
From US the brands include KitchenAid for stand mixtures, Korkmaz from Turkey, for high quality cooking vessels and kitchen appliances, O’cuisine: as a unique glassware brand from France, KAI knives from Japan with award winning certification such as “Red Dot” for their unique knife’s design and patients, and Butterfly: world’s No 1 Stainless Steel appliances and mixer grinder manufacturer and many more brands with innovative products that we offer today to all Sri Lankans. These brands have strengthened Homelux journey for the past 10 years and will further evolve in our future journey of Homelux together.
Homelux is a subsidiary of Avarna Ventures, a family-owned business which has grown into a successful business conglomerate in Sri Lanka. Avarna has evolved into a diversified group of businesses such as Rainco, Light & Shade, Blink International, World of Outdoor, Gift Works, Miller Holz, are some of the many subsidiaries. Through each of its subsidiaries’ core strengths, the group has grown and expanded and yet maintained its cultural values through its generations. This has fueled the success of its subsidiaries operating under Avarna Ventures and today to lead in markets both locally and internationally in their respective businesses and industries.
We are continuing to innovate and search for qualitative cooking and smarter kitchen solutions for Sri Lankan consumers. We are redefining kitchen and living for Sri Lankan households. In driving this vision, we are developing strategic partnerships with manufacturers as well as with leading universities and research institutions locally as well as internationally. Therefore, as a result, we have already initiated pioneering smart solutions such as induction cookers and cooking habits to assist the busy lifestyle in households.
During the ceremonial event, the CEO of Homelux, Mr. Ruvindhu Guneratne, introduced its all new www.homelux.lk web platform. He stressed the re-launched website was developed to assess the growing demand and the ease of shopping experience searched today by many Sri Lankans. The website is an integrated solution that drives connecting with external partners such as Daraz, Dialog, Kapruka and many more. It was also a key highlight to state that Homelux journey has now centered to drive better customer experience across all its online and offline channels, especially in aftersales services. The CEO highlighted the importance of customer service and Homelux drive to ensure these results via online purchase at www.homelux.lk as the team ensure to deliver the product island-wide and within 24 hours for Colombo and Colombo suburbs customers.
Through these initiatives, the organization is laying the foundation to build a strong future, whilst overcoming the current economic conditions and assessing the potential export opportunities in the industry for Sri Lanka.
So, we welcome you to join us on this journey to the future and for a unique experience. Visit our showroom at One Galle Face or any of our island wide network of authorized dealers’ outlets. We look forward to providing a brand-new kitchen experience for Sri Lankan people and leveling up their kitchen and living experience in Sri Lanka.
Business
Dr RAD Jeewantha named most innovative dentist of the year

Dr. R. A. D. Jeewantha was honoured as the Most Innovative Dentist of the Year at the Business World International Awards, 2025. Organised by the Business World International Organisation, the award ceremony was held recently at the Mount Lavinia Hotel. A graduate of the Faculty of Dental Sciences, University of Peradeniya, Dr. Jeewantha has built a reputation as one of Sri Lanka’s most respected and forward-thinking dental surgeons. After gaining vital experience in Government hospitals, including the Teaching Hospital in Karapitiya, he also served at a leading private hospital before launching his own practice—Doctor J Premium Dental Care in Delkanda, Nugegoda.
His dental clinic is known for offering advanced, patient-focused treatments in restorative dentistry, cosmetic procedures, and implantology, using state-of-the-art technology. Dr. Jeewantha is especially skilled in dental implants, having completed the American Residency Course in Dental Implantology at Roseman University, accredited by the American Academy of Implant Dentistry. Dr. Jeewantha holds fellowships from the International College of Continuing Dental Education (FICCDE) and the Pierre Fauchard Academy (USA). His advanced skills include modern root canal treatments using Mineral Trioxide Aggregate (MTA) for both surgical and non-surgical procedures.
He has completed international trainings in digital dentistry, full-arch implantology techniques like All-on-Four and Zygomatic Systems, and smile design using digital 3D scans. He has participated in global dental events such as the Asia-Pacific Dental Congress and completed training at institutions including the University of Manchester and North Western State Medical University in Russia. His courses have covered everything from intraoral scanning to managing tooth wear. He has previously received many local and international awards. Dr. Jeewantha also serves the community as a Justice of the Peace for All Island.
Business
IIHS Foundation in Biological Studies offers fast-track route to global health careers

The Foundation in Biological Studies at IIHS provides a unique alternative for students looking to fast-track their health careers after their Ordinary Level (O/L) exams. This programme offers a direct route to global health careers, bypassing traditional A/Ls. With over 1,000 students already advancing to universities in Australia, the UK, and Finland, IIHS has positioned the course as a reliable launchpad for careers in fields like medicine, nursing, biomedical sciences, and digital health. “This programme is a game-changer, offering a transformative journey into global healthcare education,” said IIHS CEO Dr. Kithsiri Edirisinghe.
Business
Seylan Bank Reports Strong Growth in Q1 2025 Financials

Seylan Bank has recorded a Profit before Tax (PBT) of LKR 4,199 million in Q1 2025, marking a 13.36% growth compared to LKR 3,704 million in Q1 2024. Profit after Tax (PAT) rose by 20.29%, reaching LKR 2,761 million, up from LKR 2,295 million in the corresponding period of 2024.
Despite a decrease in net interest income by 8.37% due to market interest rate reductions, the bank’s net fee-based income grew by 13.83%, driven by fees from loans, cards, remittances, and other services. Total operating income for the quarter was LKR 11,258 million, a 3.83% decrease from the previous year, while operating expenses rose by 4.62%, largely due to increased personnel and other operating costs.
Impairment charges were significantly reduced by 83.17%, totaling LKR 262 million, reflecting the bank’s solid credit quality and proactive provisions. The bank’s impaired loan ratio improved to 1.98% from 2.10% in Q1 2024, with a provision cover ratio of 80.74%.
Seylan Bank’s total assets grew to LKR 785 billion, with loans and advances reaching LKR 469 billion and deposits totaling LKR 647 billion. The bank’s capital adequacy ratios remained strong, with the Common Equity Tier 1 Capital Ratio at 13.67% and Total Capital Ratio at 17.64%.
In addition to its financial performance, Seylan Bank continued its commitment to education, opening 16 more “Seylan Pahasara Libraries,” bringing the total to 281 libraries across the island.Fitch Ratings upgraded Seylan Bank’s National Long-Term Rating to ‘A+(lka)’ with a Stable Outlook in January 2025, further underscoring the bank’s financial stability and growth trajectory.
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