Business
JAT Holdings appoints three directors for R&D, Marketing and Bangladesh operations
Colombo, Sri Lanka – JAT Holdings PLC, market leader in wood coatings and paint products and emerging regional conglomerate, recently announced the appointment of three new Directors (Non Board Directors): Ajith Bandara as Director – Research & Development, Dilshan Rodrigo as Director Marketing and Shamara Wanniarachchi as Director/Country Head- Bangladesh. These additions bring a wealth of expertise and experience to their respective domains, offering strategic support to JAT Holdings’ growth objectives and expansion plans.
CEO Nishal Ferdinando expressed his enthusiasm for the appointments, stating, “We are delighted to welcome Ajith Bandara, Dilshan Rodrigo and Shamara Wanniarachchi to our team of Directors. Their exceptional skills and expertise will be vital in driving our growth objectives and expanding our presence in focus markets. We are confident that their diverse talents and proven track records will be invaluable assets as we shape the future of JAT Holdings.”
Ajith Bandara, possessing an impressive 18 years of experience in the industry, was appointed as a General Manager at JAT Holdings in October 2019. With a rich background of working at leading multinational paint and coating companies, Ajith brings extensive expertise in research and development. He has also gained international exposure through participation in training programs, workshops, and conferences conducted by globally recognized institutions whilst also being invited as a guest speaker at multiple global paint and coatings related events showcasing his knowledge and expertise across continents. Ajith was instrumental in setting up JAT’s state-of-the-art R&D Center, Alkyd Resin plant in Bangladesh, and the Binder plant in Sri Lanka – projects that continue to fuel the company’s growth through reverse engineering, backward vertical integration, product innovation, and cost-efficiencies. Under Ajith’s leadership, JAT launched several new products in response to market requirements, such as WHITE by JAT, JAT Care, Masters All in One, and WALLZ across the JAT Wood Coatings and Paints verticals. Ajith has been serving as the Director – Research & Development since April 2023. He holds a bachelor’s degree in Chemistry from the University of Kelaniya and an MBA from the University of Colombo.
Dilshan Rodrigo, a seasoned professional with over 18 years of industry experience, joined JAT Holdings as a General Manager in November 2019. During his tenure, Dilshan has showcased exceptional versatility and dedication, driving brand equity, awareness, and market share across Sri Lanka, Bangladesh, and key focus markets. His innovative marketing strategies have been instrumental in cementing JAT’s position as a brand and leading to numerous successful product launches such as WHITE by JAT, Harris Ultimate, and Masters. He also steered the company to win over 14 local and international awards between 2020 and 2024. Dilshan’s outstanding performance was further recognized with the “Best Performance – Senior Management Category” award in 2023.
Prior to JAT Holdings PLC, Dilshan gained a broad level of experience across FMCG, Financial Markets, Client Servicing, Business Development, and Sales and Marketing. Dilshan holds a Degree in Computer Science, a Postgraduate Diploma in IT from the University of Brunel, and an MBA from the Post Graduate Institute of Management (PIM). He brings further value as an Associate Marketer (ACIM) with the Chartered Institute of Marketing, UK.
Shamara Wanniarachchi joined JAT Holdings in March 2019 as Head of Manufacturing. His impressive track record is marked by a swift redesignation to General Manager – Manufacturing within six months due to his strong performance and analytical skills. Shamara spearheaded transformative changes, implementing automation and centralized operations that significantly boosted efficiency, cost-effectiveness, quality, and service across manufacturing and logistics. His talent extended beyond his initial role, leading him to seamlessly transition and effectively manage all three departments – manufacturing, logistics, and commercial – as General Manager – Manufacturing and Supply Chain Management by April 2022. Shamara’s impact transcended JAT Holdings, playing a key role in establishing Asia Coatings Pvt Ltd’s operations and supporting subsidiary ACL in Bangladesh. His dedication was further solidified by accepting the demanding role of Country Head of Bangladesh in April 2023, while retaining his JAT Holdings responsibilities. Wanniarachchi’s leadership in Bangladesh drove record-breaking results, culminating in his well-deserved promotion to Country Head | Director Operations of Asia Coatings Pvt Ltd in October 2023 whilst also being recognized as the Most Outstanding Employee of the Year in 2023 at the JAT Excellencia 2023 employee awards and recognition night. Effective April 1st, JAT Holdings PLC acknowledges his exceptional contributions with a promotion to Director | Country Head – Bangladesh. Shamara holds an MBA from the University of Colombo and a Bachelor’s Degree in BSc. (Hons) specializing in Mechanical Engineering from the University of Moratuwa. As an Associate Member of the Institute of Engineers, Sri Lanka and as an Associate member of Japan – Sri Lanka Technical and Cultural Association (JASTECA), Shamara brings a diverse skill set to his role.
Business
Foreign Minister defends India pacts, sidesteps transparency demand
In a press conference marked by both clarity and pointed omission, Foreign Affairs and Tourism Minister Vijitha Herath, yesterday offered a robust defence of two controversial bilateral agreements with India but conspicuously avoided committing to tabling their full texts in Parliament.
The minister’s appearance, billed as a year-opening briefing, took a sharp turn when questioned on the strategic implications of the India-Sri Lanka Defence Cooperation Agreement and Sri Lanka’s acceptance of the Indian Pharmacopoeia.
“No Indian military camps on our soil”
Responding in Sinhala to a question posed in English, Minister Herath moved first to allay what he suggested were widespread misapprehensions about the defence pact.
“This agreement is especially for data and information exchange purposes regarding drug trafficking, drug mafias, human trafficking, and any terrorist activities that could threaten regional security and peace,” Herath stated.
He emphasised that it would also facilitate “various support related to the defence sector.”
In his most definitive assertion, aimed at quieting a persistent national anxiety, the Minister declared: “We must clearly say that there is no plan or possibility of setting up Indian defence camps on Sri Lankan soil.” He categorised the pact not as a “defence agreement” but a “defence cooperation agreement in its real sense,” claiming it creates an “advantageous position” for Sri Lanka.
He linked recent post-‘Ditwah’ cyclone disaster support from India, as well as U.S. aerial support during recovery efforts, to the frameworks established by such cooperation agreements, arguing they have proven beneficial.
Indian Pharmacopoeia: A reputation-based advantage
On the equally contentious acceptance of the Indian Pharmacopoeia – a standard synopsis for drug manufacturing – Minister Herath framed it as a logical step that formalises existing practice.
“We already import a significant share of medicines from India,” he noted. The agreement, he explained, signifies the acceptance of medicines exported by a “reputed Indian pharmaceutical company” approved by its national regulators.
He assured the public that Sri Lanka’s National Medicine Regulatory Authority (NMRA) will continue to remain the monitor. “By entering into this, no disadvantage will happen to us. Only an advantage will happen… it will only be beneficial to us,” he emphasised.
The unanswered question
Despite the detailed assurances, the Minister pointedly ignored the final and arguably most critical part of the question posed by The Island Financial Review : whether the government would table the full text of the two agreements in Parliament for transparent debate and discussion.
This omission is likely to fuel further controversy, as opposition parties, civil society groups, and independent analysts have repeatedly demanded full parliamentary scrutiny, arguing that agreements touching on sovereignty and public health mandate the highest level of public transparency.
Tourism Pride
Shifting to his tourism portfolio, Minister Herath struck an optimistic note, citing record tourist arrivals and foreign remittances in 2025 as a sign of resilient recovery post-Ditwah.
The conference also touched on global affairs. When asked about the U.S. arrest of Venezuelan President Nicolás Maduro, Herath presented a nuanced governmental position. He stated that while his party, the JVP, condemns the action, the government’s official stance is to urge respect for national sovereignty in line with the UN Charter – a reflection of the coalition’s delicate balancing act between ideological roots and diplomatic pragmatism once in governance.
Minister Herath’s explanations provide the government’s clearest public rationale yet for the India agreements, directly confronting fears over militarisation and pharmaceutical quality. However, the deliberate sidestepping of the transparency query left a communication deficit at the heart of the press conference.
High-stakes diplomacy
It reflected a perception that while the administration is willing to defend its policy outcomes, it remains reluctant to subject the processes of high-stakes diplomacy to the full glare of parliamentary and public scrutiny. As these agreements continue to shape Sri Lanka’s strategic and health landscape, the call for their full disclosure is now accompanied by a louder question about the government’s commitment to open governance.
by Sanath Nanayakkare
Business
‘Vehicle-Testing Can Save Lives’
Automobile Association of Ceylon (AAC), in collaboration with the Federation Internationale de L’ Automobile (FIA) and under the UN Decade of Action for Road Safety has been consistently engaging in road safety enhancement programs for all citizens of Sri Lanka.
Current data indicates that while over 08 million vehicles are registered in the country, only heavy vehicles (less than 20% of the vehicle population) are subjected to compulsory road-worthiness tests.
Fatal accidents due to technical failures in vehicles are on the rise and the damage to lives and property is severe.
We also understand that there is a death every three hours and eight deaths per day in road accidents. This amounts to nearly 3000 deaths in road accidents per year.
AA of Ceylon has launched the “Vehicle Testing can Save Lives” project with the advice and support given to execute our campaign by the Minister of Transport, chairman, National Council for Road Safety (NCRC), Deputy Inspector General of Police (Traffic Division), Dr. Indika Jagoda, Deputy Director (Accident Service), National Hospital, president, Lions Club of Boralasgamuwa, Metro(Lions Club International – District 306 D 2) and other stake-holders to find a workable, low / cost solution for mandatory vehicle testing in Sri Lanka.
Therefore, this project aims to educate the public on the necessity of checking essential safety features in all vehicles and the benefits of same to all road users.
AAC has therefore respectfully requested Anura Kumara Dissanayake, President of the Democratic Socialist Republic of Sri Lanka, to consider implementing the proposal we have submitted to him, to minimize fatal accidents, injuries to people and damage to vehicles and property due to road accidents and to also implement a rule to have compulsorily road-worthiness checking of all vehicles. (AAC)
Business
INSEE Lanka appoints new Chief Executive Officer
Siam City Cement (Lanka) Limited (INSEE Lanka) has announced the appointment of Eng. Thusith C. Gunawarnasuriya as its new Chief Executive Officer, effective 01 January 2026. He succeeds Nandana Ekanayake, who will continue to serve as Chairman, ensuring leadership continuity and strategic stability for the organisation.
A long-standing contributor to INSEE’s journey, Thusith has worked with the company through its evolution under Holcim (Lanka) Ltd, LafargeHolcim and INSEE, playing pivotal roles that influenced both operational progress and strategic direction.
Rejoining INSEE Lanka in January 2025 as Chief Operating Officer, he has since demonstrated exceptional leadership, driving topline growth, improving EBITDA performance, and strengthening talent development initiatives that enhanced organisational capability and business outcomes.
His expertise in business strategy, operations excellence, and supply chain transformation is well-recognised, supported by over 25 years of multi-industry and multi-country leadership experience. His career includes senior positions at Lion Brewery (Ceylon) PLC, Hemas Manufacturing, Fonterra Brands Lanka, GlaxoSmithKline, MAS Active, and DMS Software Engineering. His international exposure spans India, Bangladesh, and Thailand.
Thusith is a proud alumnus of Dharmaraja College, Kandy, and holds a BSc (Hons) in Electrical & Electronic Engineering from the University of Peradeniya, an MBA from the University of Colombo, and an MSc in Business & Organizational Psychology from Coventry University, UK. He has completed executive leadership programs at IMD (Switzerland) and the National University of Singapore. He is also a member of IEEE (US), CILT (UK), ISMM (Sri Lanka), and IESL (Sri Lanka).
Chairman’s Quote – Nandana Ekanayake:
“Thusith’s deep understanding of our business, strong operational mindset, and proven leadership make him the ideal successor to lead INSEE Lanka into the next phase of growth. His experience within INSEE and across multiple industries, positions him well to deliver on our long-term ambitions and uphold the values that define the organisation.”
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