Business
Virtusa Corporation embarks on journey to bring more work to Sri Lanka from U.S. and Europe
Company announces plans to double down on hiring in Sri Lanka in the next 3 years
The strength of the tech cadre at Virtusa Sri Lanka centre is about 3,000 at present
by Sanath Nanayakkare
Virtusa Corporation that serves Global 2000 companies in the Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries, is looking to double down on hiring Sri Lankan tech minds in the next three years.
With a workforce exceeding 35,000 across more than 50 offices in over 25 countries, Virtusa stands out in the high-tech industry. The strength of the tech cadre at Virtusa Sri Lanka office is about 3,000 at present.
“We are a trying to bring more work to Sri Lanka from the U.S. and Europe. We have embarked on that journey and hopefully in three years’ time, we shall be able to double our workforce here in Sri Lanka,” Naresha Supramaniam, Business Head (APAC) and Country Head (Sri Lanka) told the media last week,
Supramaniam made this comment at Shangri La Colombo where Virtusa hosted Brian Jochum, the company’s Chief Marketing Officer and a member of the Global CXO team in Sri Lanka recently. The outreach event saw the participation of the local leadership of Virtusa, representatives from partner universities, members of local IT industry bodies which sparked insightful discussions among all present.
Together they highlighted the pillars of transformation across HR, Brand, Technology and Sales which would in turn benefit Sri Lanka’s economy in a more robust manner.
Supramaniam highlighted Virtusa’s dynamic evolution, underscored by the acquisition by private equity firm Baring Private Equity Asia and subsequently, the EQT Group, one of Asia’s largest private equity firms.
Supramaniam emphasized on the enrichment of the company with global management expertise and outlined the multifaceted transformation occurring across its main pillars.
In this context, he noted Sri Lanka’s crucial role in Virtusa’s global workforce and reaffirmed the company’s commitment to growing the technology centre in Sri Lanka over the coming years.
“In just the past month, we’ve seen a large number of new opportunities being allocated to Sri Lanka, showcasing our confidence in the local talent to shine on the global stage,” he said.
He also drew attention to Virtusa’s competitive stature in the global marketplace, competing with industry peers listed among the best in the world.
Supramaniam provided quantitative insights, noting Virtusa’s high Net Promoter Score which places the company in the top percentile of its industry globally. Additionally, it was mentioned that in a recent study, it emerged that most of Virtusa’s clientele regard the company as a top-tier global solutions provider based on the importance and complexity of the work Virtusa undertakes.
Brian Jochum discussed Virtusa’s approach to engineering excellence and its impact on stakeholders in line with the company’s Engineering First approach. Jochum’s insights offered a deeper understanding of the company’s strategic positioning and its commitment to delivering high-value solutions.
“The Engineering First mindset is credited as a unifying philosophy which draws from the company’s rich engineering heritage, its unique approach towards solving problems for some of the world’s largest businesses and the opportunities it creates for the talent at Virtusa to learn and perform at the highest levels,” he said.
Referring to the company’s sustainability engineering processes he said,” We are not just able to calculate the environmental impact of our operations but also how we contribute to our customers’ sustainability targets. We are not only building digital solutions to run businesses more efficiently, but also are helping the companies to reduce their carbon footprint as well.”
Inoka Dias, the incoming Head of HR (Sri Lanka) acknowledged the collective efforts that have shaped Virtusa’s journey. Dias underscored Virtusa’s transformational phase, focusing on commercial, tech, and talent transformation, coupled with its fresh brand perspective. She highlighted the ongoing efforts to upskill and develop the talent at Virtusa, equipping them with the competencies necessary to maintain a competitive edge.
Virtusa helps clients grow their businesses with innovative products and services that create operational efficiency using digital labour, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
-
News5 days ago
Lunuwila tragedy not caused by those videoing Bell 212: SLAF
-
News4 days agoLevel III landslide early warning continue to be in force in the districts of Kandy, Kegalle, Kurunegala and Matale
-
Latest News6 days agoLevel III landslide early warnings issued to the districts of Badulla, Kandy, Kegalle, Kurunegala, Matale and Nuwara-Eliya
-
Features6 days agoDitwah: An unusual cyclone
-
Latest News7 days agoUpdated Payment Instructions for Disaster Relief Contributions
-
News2 days agoCPC delegation meets JVP for talks on disaster response
-
News2 days agoA 6th Year Accolade: The Eternal Opulence of My Fair Lady
-
Business2 days agoLOLC Finance Factoring powers business growth
