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Synex Group’s foreign operations net 60% of its total turnover

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R.P.P Senarathna - MD Synex Group

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.”



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DIMO KNIGHTS 2026 Reinforces a Culture of Recognition and Growth

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DIMO celebrated DIMO KNIGHTS 2026, recognizing employees whose exceptional dedication, leadership, innovation, and commitment continue to shape the organization’s success. More than an employee recognition event, DIMO KNIGHTS reflects DIMO’s unwavering commitment to cultivating a workplace where people are empowered to thrive, reinforcing the Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing its Corporate Purpose of Fuelling Dreams and Aspirations to life.

Held under the theme “Illuminating Leadership, Inspiring Achievement,” the event celebrated individuals who exemplify DIMO’s values and inspire excellence across the organization. By recognizing those who consistently go above and beyond, DIMO continues to foster a high-performance culture where people are empowered to innovate, lead, and create meaningful impact.

A highlight of the evening was the keynote address delivered by Mr. Ravi Kant, former Managing Director and Vice Chairman of Tata Motors India, who shared valuable insights on leadership, organizational transformation, and building resilient organizations capable of sustaining long-term success.

Commenting on the event, Ms. Dilrukshi Kurukulasuriya, Executive Director / Chief Human Resources Officer of DIMO, said: “Our Tribe is the driving force behind DIMO’s continued success. DIMO KNIGHTS is more than a celebration of outstanding performance; it is a reflection of the culture we strive to build every day. By recognizing and empowering our people, we reinforce our Employee Value Proposition of ‘Making Work Enjoyable and Rewarding’ while bringing our Corporate Purpose to life. When our people grow, innovate, and thrive, they create lasting value for our customers, partners, and the communities we serve.”

DIMO KNIGHTS reinforces the organization’s people-first philosophy by fostering a culture of appreciation, continuous learning, and purposeful leadership. The programme reflects DIMO’s conviction that when employees are empowered, recognized, and inspired to excel, they shape the future of the organization through innovation, collaboration, and sustained excellence, strengthening a high-performing culture that delivers lasting value, drives sustainable business success, and reinforces DIMO’s position as an employer of choice.

The evening recognized employees across a wide range of categories, celebrating outstanding performance, innovation, collaboration, customer focus, and leadership. The ceremony culminated with the presentation of the prestigious Innovator of the Year and Employee of the Year awards, with the Employee of the Year accolade presented to Mr. Chathura Gunasekera.

As DIMO continues to invest in developing exceptional talent, initiatives such as DIMO KNIGHTS reaffirm the organization’s belief that sustainable business success begins with its people. By creating an environment where individuals are recognized, empowered, and inspired to achieve their full potential, DIMO continues to cultivate a purpose-driven, high-performing workforce that is equipped to shape the future of the organization while delivering lasting value to all stakeholders.

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Sri Lanka’s lifestyle coffee culture boom and the two faces of its economy

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Cutting the cake for outlet number 100 - a symbol of urban commercial revival set against a backdrop of wider household economic recovery.

By Sanath Nanayakkare

On Baseline Road in Colombo, Barista Coffee recently opened its 100th outlet. For a modern café culture spreading across shopping centers, office districts, and provincial towns, this milestone is a major commercial success. It shows a thriving urban service sector and a growing class of lifestyle consumers who use coffee shops as places to work, socialise, and meet.

This is a curious new picture emerging from Sri Lanka’s post-crisis economic recovery: the coffee cup is getting bigger, even as the household tea cup tells a very different story.

Yet, looking past the espresso machines, a different reality unfolds in the country’s kitchens.

International financial institutions note that while Sri Lanka’s macro-economy is recovering, household welfare and employment remain below pre-crisis levels. Poverty rates sit at roughly double what they were in 2019, and food prices doubled over a three-year span, forcing families to cut back on essentials.

This creates a striking local paradox, especially given Sri Lanka’s proud heritage as a global tea producer. While the world pays top dollar for Ceylon Tea, local market studies and industry reports have long pointed out an unfortunate disparity: many ordinary families find high-quality tea too expensive, often settling for lower-grade alternatives at home.

The growth of a 100-outlet coffee network does not mean prosperity has spread evenly across the island. Instead, it proves that there is a specific, well-resourced segment of consumers with the purchasing power to sustain a premium lifestyle economy, even as many other households carefully calculate the cost of everyday groceries.

Barista’s 100th store is not a bad-news story; it is a testament to acute entrepreneurial grit, shifting consumer behavior, and the vital revival of the nation’s urban service sectors. But it serves as an uncompromising reminder that macroeconomic stabilisation is not synonymous with household recovery.

As Colombo’s coffee culture looks toward its next hundred outlets, the true pulse of the nation’s economic health will not be measured by the espresso machines humming in sleek urban hubs, but by the quiet arithmetic happening in millions of kitchens beyond its doors – where the fundamental question remains whether a family can comfortably afford a better cup of Ceylon Tea.

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Aitken Spence Hotel Holdings Rs. 5 billion debenture issue oversubscribed on opening day

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Aitken Spence Hotel Holdings PLC announced that its maiden listed, rated, unsecured, senior

redeemable debenture issue was oversubscribed on its opening day, 15th September 2026.

The Company sought to raise Rs. 3 billion through an initial issuance of 30 million debentures at Rs.

100 each, with an option to issue a further 20 million debentures in the event of oversubscription of the initial issue, increasing the total issue size to Rs. 5 billion.

The Company said it had received applications for more than 50 million debentures, the full amount on offer, prompting the issue to close at 4:30 p.m. on the opening day (15).

The basis of allotment will be announced to the Colombo Stock Exchange as per regulatory requirements in due course.

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