Business
Technology Transfer Mission at Mahindra Ideal Lanka Pvt Limited, Welipenna
SL technicians set to roll over all stages of car assembly at the plant
An Indian Automobile Engineer, who was a plant head Mahindra Ideal Lanka Pvt Ltd. (MILPL), car assembly plant in Wellipenna of is due to leave the island after successfully completing this training mission. Post his movement, MILPL plant will be run by 100% Sri Lankan technical workforce.
Engineer Sadhasivam Durairaj told the media recently that he would be completing his two-year technology transfer mission and Plant Head role on January 31, 2021 and he had utmost confidence that Sri Lankan technicians have gained the knowledge and competency to create a product according to the specifications of Mahindra & Mahindra, India.
“In fact, I can assure that Sri Lankan car assembly technicians at MILPL can perform the duties and responsibilities such as diagnostic tests on the assembled product to ensure efficiency and conduct adjustments as needed on par with global standards,” he said.
“Assembly technicians must be knowledgeable about the technology and mechanical industry as well as have the ability to analyse designs as a guide for creating high-quality products. Sri Lankan technicians have now absorbed all these skills to perform the assembly operations with no supervision”.
“I trained around 50 technicians and found that working at an assembly plant producing a quality product had come naturally to them. That made my job easier and more enjoyable. In fact, when I first interviewed them, I had planned to ask them only the basic questions, but I was surprised that they were even able to answer questions on more complex things such as functions of car parts, Importance of automotive systems, root causes etc. That made me confident of producing global standard quality cars in Sri Lanka from day one. I saw that training was mainly required in areas such as standardization, plant safety, shop floor disciplines etc. Over the period, they learned quickly and they adhered to standards and specifications. I’d simply say that they were good learners and followers”.
Referring to personal attributes of his Sri Lankan technical staff, Sadhasivam said,” they showed a great deal of self-discipline, attention to detail, good problem-solving skills, passion for technology and focus on the end-user of the product; all of which led to functional excellence at the assembly line”.
“The global automotive industry supply chain adopts lean manufacturing concepts, our Mahindra Ideal Lanka plant is a venue for Lean Production. We procure around 30% parts locally – seat, exhaust, battery and tyre, the local value-added parts are ordered based on the monthly requirements and procured on Just-In-Time (JIT) basis. similarly, other consumables and Imported parts are procured based on our stock holding policy – this depends on the lead time which includes packaging, shipment and customs clearance”, he said.
“Mahindra vehicles are a strong line-up of great reliability. In India, we call it Scorpio company or Bolero company because it is well- known for its sturdy products. And Ideal Motors Sri Lanka is a well established network with its service centers, showrooms, logistics and customer care centres. That synergy will ensure customer delight like no other combination,” he said.
When asked about the assembly plant’s production capacity, Sadhasivam said,” the annual capacity is 5,000 units, now we produce 100+ cars per month and we will ramp up daily production as market demand increases. Presently we have assembled KUV100 Manual Petrol variants, and we have planned to add KUV100 AMT Diesel variants in the time to come”.
“Our technicians at MILPL plant are committed to ‘Zero Defect Manufacturing and doing it right the first time. The past two years of my life as Head of Vehicle Production Plant of Mahindra Ideal Lanka have been full of amazing experiences and a lot of professional satisfaction. I came across some of the most talented, experienced and friendly coworkers in Sri Lanka, I would miss being part of this great workplace and would say that anyone who gets the opportunity to work here will find it an energy-filled workplace”.
Sadhasivam is moving on to a new ‘challenging’ position in another automotive company in India next month.
Kaspersky Digital Footprint Intelligence estimates that 2.3 million bank cards were leaked on the dark web, based on an analysis of data-stealing malware log files from 2023-2024. On average, every 14th infostealer infection results in stolen credit card information, with nearly 26 million devices compromised by infostealers, including more than 9 million in 2024 alone. Kaspersky released its report on the infostealer threat landscape while the technology world gathers at MWC 2025 in Barcelona.
Kaspersky experts estimate that approximately 2,300,000 bank cards have been leaked on the dark web. This conclusion is based on an analysis of the log files from data-stealing malware, dated 2023-2024, that were leaked on the dark web market. While globally the share of leaked cards is well below one percent, 95% of the observed numbers appear technically valid.
Infostealer malware is not only designed to extract financial information, but also credentials, cookies and other valuable user data, which is compiled into log files and then distributed within the dark web underground community. An infostealer can infect a device if a victim unknowingly downloads and runs a malicious file, for example one disguised as legitimate software, such as a game cheat. It can be spread through phishing links, compromised websites, malicious attachments in emails or messengers and various other methods. It targets both personal and corporate devices.
On average, every 14th infostealer infection results in stolen credit card information. Kaspersky Digital Footprint Intelligence experts found that nearly 26 million devices running Windows were infected with various types of infostealers in the past two years.
“The actual number of infected devices is even higher. Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe. We forecast the total number of devices infected with infostealer malware in 2024 to be between 20 million and 25 million, while for 2023, the estimate ranges between 18 million and 22 million,” says Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.
In 2024, Redline remained the most widespread infostealer, accounting for 34% of the total number of infections.
The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024. “RisePro is a growing threat. It was first discovered two years ago but seems to be gaining momentum. The stealer primarily targets banking card details, passwords and cryptocurrency wallet data, and may be spreading under the guise of key generators, cracks for various software and game mods,” explains Sergey Shcherbel. Another rapidly growing stealer is Stealc, which first appeared in 2023 and increased its share from nearly 3% to 13%.
The Commercial Bank of Ceylon’s prowess in comprehensive disclosure of sustainability-related information to stakeholders has won its 2023 Annual Report two top awards at the 2025 Sustainability Reporting Awards presented by the Association of Chartered Certified Accountants (ACCA).
The Bank was adjudged the overall runner-up and the winner in the Banking category at these awards, repeating the achievement of its 2022 Annual Report which was similarly honoured by the ACCA last year.
The ACCA Sustainability Reporting Awards recognise Annual Reports that clearly acknowledge and explain the economic, environmental and social impacts of the business to internal and external stakeholders, demonstrating the organisation’s policies, targets and long-term objectives towards the goal of sustainable development.
Commercial Bank’s 2023 Annual Report also won two Golds, a Silver and a Bronze at CA Sri Lanka’s ‘TAGS’ Awards 2024, excelling in the key aspects recognised by the awards programme which is dedicated to Transparency, Accountability, Governance, and Sustainability – TAGS.
The Bank won the Gold for ‘Corporate Governance Disclosure’ in the Financial Services sector, the Gold for the Best Annual Report among the private sector banks, the Silver for ‘Digitally Transformative Reporting’ across all sectors, and the overall Bronze award for Excellence in Corporate Reporting.
Caterpillar equipment dealer UTE has delivered the country’s largest Cat D8 Track-Type Tractor to NEM Construction Pvt. Ltd., marking a significant milestone in heavy machinery. This delivery strengthens the long-standing partnership between UTE and NEM Construction, which spans over 45 years. The Cat D8 is expected to boost operational efficiency in large-scale projects. As the sole authorized dealer for Caterpillar in Sri Lanka, UTE continues to provide top-tier machinery and after-sales support. The handover is particularly notable as Caterpillar celebrates its 100th anniversary. NEM Construction’s Chairman, Raja Nanayakkara, praised the Cat D8’s superior performance and UTE’s unmatched service and parts support, which have been key to the company’s long-term collaboration. This purchase highlights the continued trust in both Caterpillar and UTE’s expertise in supporting Sri Lanka’s construction industry.
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