Business
Synex Group’s foreign operations net 60% of its total turnover
Company looking to further expand its industrial engineering services in foreign markets
by Sanath Nanayakkare
Synex Group of Companies which marks its 25th anniversary today has not only consolidated its position in Sri Lanka’s mechanical, electrical and plumbing services market (MEP), but also has gained a strong foothold in a number of foreign countries from where they get 60% of their total annual revenue amounted to USD 17 million.
R.P.P Senarathna, Managing Director, Synex Group of Companies whose engineering background gave birth to Synex Group, speaking to the media said,” Synex was founded in 1999 to fill in a gap in the market. We undertook a project for Star Garments Group at the Katunayake Export Processing Zone. Since then, Synex has been a dominant leader in industrial engineering. Synex has been the sole contractor for Star Garments group since 1999. Furthermore, we have enjoyed a strong business relationship with Hirdaramani Group which is another giant in Sri Lanka’s apparel industry. Client retention is one of our key strengths, ” he noted.
Senira Senarathne who has taken on the mantle of CEO at Synex to drive the company toward its strategic goals said, “We have a branding position when it comes to apparel industry whether it is in Sri Lanka, Bangladesh, Jordan or any other country. We are specialized in ‘a niche’ in MEP services, and we can replicate that in any part of the world.Through our sustainable corporate ecosystem, we are capable of delivering low to high profile electrical and low voltage solutions to various market segments across the country and overseas, ensuring project deliverables meet the clients’ demands, needs and timelines.”
Further speaking Senira said,” We have our presence in Sri Lanka, Bangladesh, Maldives, Vietnam, Kenya and Ethiopia. Synex team has completed more than 380 major projects in Sri Lanka and overseas conforming to quality MEP engineering standards.”
“Star Garments and Hirdaramani awarded us 100% of their electrical installation and industrial engineering contracts. We are immensely thankful to Janak Hirdaramani and Mahesh for supporting us to take our services abroad in the first place by awarding us the contract in their factory in Bangladesh. Since then we have done more than 14 projects for them in Bangladesh and more than 200 projects in Bangladesh for other clients.”
“As you know, we are mainly into mechanical and electrical work. In Ethiopia, we did six apparel factories. In Bangladesh where we have two offices, we provided services to ABA Group – they were the one of the largest and the first apparel manufacturers in Bangladesh. It was a LEED platinum factory in Bangladesh. In Sri Lanka, the first LEED platinum factory by Brandix was done by us and another one in Vietnam was done for Fashion Garments, a member of Hirdaramani Group. In Sri Lanka, we have about 60%-70% of the market share in providing MEP services for garment factories including renovations.”
“We entered Kenya in 2015, Ethiopia in 2016 and Ghana in 2019. Apart from the apparel sector, we have done a lot of hotels and commercial buildings in the Maldives. We have also handled heavy industries like cement manufacturing and steel manufacturing. We have moved on to pharmaceuticals, food and beverage and cold storage.”
“We have done two telecom data centres in the Maldives. One project is already completed and the largest data centre’s work is ongoing which will be completed in the middle of this year.”
“In Ethiopia, we did six apparel factories. In Bangladesh, we provided our services to ABA Group – one of the largest and the first apparel manufacturers in Bangladesh. It was a LEED platinum factory in Bangladesh. In Sri Lanka, the first LEED platinum factory by Brandix was done by us and another one in Vietnam was done for Fashion Garments of Hirdaramani Group. We have about 60%-70% of the market share in providing industrial engineering for local apparel sector.”
Responding to a query on revenue streams, Senira said,” We have been having foreign revenue since 2002. Our revenue reached 40% local and 60% foreign by 2015 and it continues to be so. Our total turnover is about USD 17 million per annum. In Sri Lanka, we faced a major dip in the last two years. This year, the industrial sector shows some promise as suspended projects appear to be kicking off. However, we are not too keen on competing in the local market, Instead we focus on taking our services out to bigger markets overseas which have been the key driver in our success story thus far.”
Business
Indian business leader urges SL entrepreneurs to tap into India’s rapidly expanding consumer market
By Sanath Nanayakkare
Speaking at the Sri Lanka Economic and Investment Summit 2026, T. Krishnakumar, Chief Executive Officer of Reliance Consumer Products Ltd (RCPL), emphasised that local enterprises can unlock substantial economic benefits by strategically aligning with India’s booming consumer base.
Addressing business leaders and policymakers at the Shangri-La Hotel in Colombo, Krishnakumar highlighted that geographical proximity and rich cultural ties provide a natural foundation for deeper commercial collaboration.
He noted that instead of viewing bilateral trade narrowly, regional partnerships should act as conduits to build robust, scalable enterprises capable of plugging into wide-reaching regional value chains.
“For Sri Lankan exporters dealing in traditional staples as well as value-added goods, accessing India’s rising middle class presents a phenomenal growth window,” he said.
Drawing insights from Reliance Consumer Products’ rapid expansion – which scaled efficiently to thousands of employees and multi-billion-dollar metrics – Krishnakumar stressed that modern corporate success relies on disciplined execution, localised consumer understanding, and smart technology integration.
Furthermore, he underscored that while rapid growth is critical, businesses must consistently anchor their models in affordability and consumer trust.
Concluding his address at the summit, the RCPL chief noted that pairing regional trade integration with resilient business practices and predictable regulatory frameworks will be vital as Sri Lanka transitions firmly toward accelerated economic development.
Addressing the Summit during a subsequent fireside chat, President Anura Kumara Dissanayake underscored that a core concern currently being targeted by the government is developing a critical mass of local entrepreneurs equipped to engage with international enterprise counterparts.
Business
SriLankan Airlines wins prestigious SATA 2026 Visitors’ Choice Award for Leading International Airline
SriLankan Airlines has once again been honoured with the prestigious Visitors’ Choice Award for Leading International Airline at the South Asian Travel Awards (SATA) 2026, reaffirming its continued recognition in the regional travel and tourism industry. The airline, which has received this award in previous years, was the only international airline to be recognised in this category at this year’s event. The 10th anniversary edition of the awards ceremony was held earlier this month at Hotel Barcelo Nasandhura in Male, Maldives.
Recognised as one of the key events on the Maldivian tourism and travel industry calendar, SATA celebrated its 10th anniversary on a grand scale, bringing together prominent industry stakeholders, including Government Ministers, distinguished dignitaries, diplomats and senior representatives from leading airlines and their respective head offices.
Commenting on the achievement, Dimuthu Tennakoon, Head of Commercial, SriLankan Airlines, stated, “We are honoured to receive this recognition at the South Asian Travel Awards 2026. Being named the Leading International Airline in the Visitors’ Choice Awards once again is a meaningful acknowledgement of our commitment to serving our passengers and strengthening our presence in the region. This award inspires us to continue enhancing the travel experience we offer and to build stronger connections with the markets and communities we serve.”
Complementing its commitment to service excellence, SriLankan Airlines offers an extensive flight network with convenient connections to destinations across the globe. In South Asia, the airline operates nearly 130 flights each week to 15 destinations across India, Pakistan, the Maldives, Nepal, and Bangladesh. With schedules thoughtfully designed to suit the needs of travellers, SriLankan Airlines provides seamless connectivity for those visiting Colombo for business or leisure, as well as passengers travelling onwards to destinations worldwide.
Business
JXG enters LMD’s Most Respected Entities in Sri Lanka 2026 for the first time, securing a place among the first 50
JXG (Janashakthi Group), Sri Lanka’s leading financial conglomerate, has been ranked 44th in LMD’s Most Respected Entities in Sri Lanka 2026, marking the Group’s first appearance in the prestigious listing. The recognition places JXG among Sri Lanka’s most respected companies and marks an important milestone in the Group’s master-brand journey.
As the holding company, JXG was also recognised across key attributes including Aspirational Workplace, Business Expansion, Business Innovation, Corporate Culture, Corporate Dynamism, Crisis Management, Employee Wellbeing, Honesty and Integrity, and Leadership Profile. The recognition reflects the growing strength of the JXG brand and the collective contribution of its businesses and people in building trust and confidence among its stakeholders.
JXG’s subsidiaries, including Janashakthi Life and First Capital, have also been recognised in the main table of LMD’s Most Respected Entities 2026 rankings, while Janashakthi Finance has been recognised under the Business Expansion attribute, reflecting the strength of the Group’s individual businesses alongside its growing master brand.
Conceptualised and commissioned by LMD and conducted by PepperCube Research Consultants, the Most Respected Entities special edition recognises companies based on an independent survey of Sri Lanka’s business community.
Commenting on the recognition, Gamika de Silva, Group Chief Marketing Officer at JXG, said, “This is a proud moment for all of us at JXG. We set out to build a Group brand that is not just seen but lived by our people and reflected in everything we do. Ultimately, the true testament to any brand lies in its people, and the credit for this recognition goes to everyone across JXG who brings our values to life every day. This recognition is an encouraging milestone for us, while also reminding us to keep raising the bar and earning the respect of our stakeholders through what we do.”
JXG’s approach to building trust is anchored in its core values of Integrity, Collaboration, Respect, Performance Driven and Innovation. These values guide how its businesses operate, how its people engage with one another and how the Group serves its customers and wider stakeholders.
As JXG continues to expand its businesses, the Group remains focused on strengthening its market presence, creating long-term value and contributing to the growth of Sri Lanka’s financial services sector, guided by its purpose, Breaking Barriers, Forging Futures.
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