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Pan Asia Bank partners with Ideal Motors to finance 100% SL-assembled Mahindra & Mahindra vehicles

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Nalin Welgama Chairman Ideal Group is seen exchanging the agreement with Nimal Tillekeratne MD/CEO of Pan Asia Bank. Also in the picture From left : (officials from Ideal Group) Saranga Paranahewa - Manager Marketting, Janaka Kudagama - Senior Manager Sales, Malaka Vehalla - Deputy General Manager Sales Admin and Corporate Sales, Nalin Welgama - Chairman Ideal Group: and (Officials from Pan Asia Bank) Nimal Tillekeratne –MD/CEO of Pan Asia Bank, Naleen Edirisinghe – Senior Deputy General Manager Pan Asia Bank , Shiyan Perera – Assistant General Manager Leasing & Consumer Loans, Yohan Ebell – Chief Manager Leasing, Aravinda Rodrigo – Senior Manager Corporate Banking

Pan Asia Bank joins hands with Ideal Motors PVT Limited, a fully-owned subsidiary of the Ideal Group,in extending an opportunity for Sri Lankan customers to own 100% Sri Lankan assembled motor vehicles. Pan Asia Bank is extending the banking solutions for all Mahindra vehicles at very attractive terms, accommodating up to 70% of the asset value on locally assembled KUV 100 (Both Diesel and Petrol versions). Pan Asia Bank is known for its Fast, Flexible and Tailor-made Leasing solutions which suits many different customer segments in Sri Lankan society.

Mahindra & Mahindra and Ideal Motors recently launched Sri Lanka’s first-ever locally assembled Single Cab – ‘City Pick-Up’. The Mahindra City Truck, which is a proud production coming out from the state-of-the-art production plant at Welipenna, is of international standards set up by Mahindra Automobiles India. The entire production process is closely monitored by the mother company, assuring international level standards in production. Ideal Motors delivered the first batch of vehicles to the customers during the month of February 2022 and City Pick-Up are now available in the market.

With over a decade of disrupting the local automotive and after-market solutions industry, Ideal Motors is a pioneer, specializing in assembly, import, and distribution of motor vehicles and multi-brand spare parts, automotive after-sales services. Ideal Group holds the sole authorized distributor rights of Mahindra motor vehicles and motorcycles in Sri Lanka and is the co-ownership of Sri Lanka’s “first manufacturers’ automotive assembly and production plant” in Welipenna, a joint venture between Ideal Motors and India’s automotive giant, Mahindra and Mahindra which currently assembles Mahindra KUV100nxt Petrol and Diesel versions and Sri Lanka’s number one single cab Bolero City Pick-Up. Following a service-first philosophy, the Group claims a large footprint across Sri Lanka with its island-wide network of Mahindra sales showrooms and authorized service dealerships. Ideal Motors has sold over 100,000 vehicles in the country and today Mahindra has emerged as the market leader in the above 1ton category with over 58% market share, maintaining 35% market share in below one Ton Category.

Pan Asia Bank, one of the most progressive business entities in the country, always introduces novel and innovative leasing products and allows customers to experience a range of leasing facilities catering into different needs.

Get your dream vehicle today itself with a hassle-free customized leasing plan from the Truly Sri Lankan Bank – Pan Asia Bank. Visit the nearest branch for more details or Cal 0114-929929.

(Pan Asia Bank)



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Wing Commander (Retd.) D. Pradeep S. Kannangara elected president, Industrial Security Foundation

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The Industrial Security Foundation (ISF) which acts as the sole organization in Sri Lanka to represent the Private Security industry having incorporated by an Act passed in the Parliament, Act No. 51 of 1999, elected Wing Commander (Retd.) Pradeep Kannangara as its President for the years 2022/2023 at its 30th annual General Meeting which was held at the PIM Auditorium in Borella. Wing Commander Pradeep Kannangara was appointed President while 14 other members were appointed to the Executive Committee, strengthening the ISF in order to drive and uplift the standards of the private security industry in Sri Lanka.

He has served on the ExCo consecutively since 2012 under four different presidents where he held the positions of Senior Vice President during the last three consecutive years. He has also been a committed member of the ISF and was awarded prestigious coveted FISF title due to his many valuable contributions to the organization and the Private Security Industry in Sri Lanka in 2012.

Wing Commander Kannangara’s journey into private security began after a successful career in the Sri Lanka Air Force for over 24 years where he served in many capacities finally being the Officer Commanding of the Special Air Borne Force. A recipient of the Ranasura Padakkama (RSP) Gallantry award for his bravery, sacrifices and service to the nation by the President of the Socialist Republic of Sri Lanka in 1990. He holds a Master’s in business management from the Edith Cowan University, Perth, Australia too and serves as a Board Director in AB Securitas (Private) Limited in Sri Lanka and AB Securitas Bangladesh Limited.

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Kitchen & Bedroom reaffirms its partnership with Häfele Sri Lanka

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(L-R) Pawan Singh- General Manager Sales & Marketing at Hafele Sri Lanka, Jurgen Wolf- Managing Director Hafele South Asia, Dr. Sacquaff- Group CEO Kitchen & Bedroom, and Manish Mahajan, Director Sales Hafele South Asia

Kitchen & Bedroom, a name synonymous in the interior designing and furniture sector in the country recently celebrated its long-standing partnership with Häfele Sri Lanka during the latter’s 12th year anniversary celebratory event, reaffirming its ambitious plans to further strengthen and explore the numerous opportunities available here.

Häfele Sri Lanka, part of Häfele India which is a wholly owned subsidiary of the Hafele Global network, is a technology partner for various projects and initiatives of Kitchen & Bedroom. Both the companies operate in the interior design space, sharing their cumulative knowledge and expertise to provide extensive and personalized solutions catering to domestic requirements.

‘We take great pride in our association with Häfele Sri Lanka having exchanged and collaborated on many projects both commercial and household. We share similar values such as providing high quality, sustainable, functional and customized solutions to our customers, and most importantly to guide them through every aspect and step of the project and how best we could bring out their desired design,’ said Dr. Sacquaff, Kitchen & Bedroom Group CEO.

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DSI strengthens its islandwide presence with three new showrooms

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Amid the prevailing economic hardships faced by Sri Lanka, Sri Lanka’s premier footwear brand DSI recently expanded its islandwide presence in the country with the opening of three new showrooms in Kahawatta, Akuressa, and Chavakachcheri, with the aim of offering greater access to its diversified product range to a wider customer base.

Gracing the special occasion, the showrooms were declared open by D. Samson & Sons (Pvt.) Ltd. Managing Director Thusitha Rajapaksa, in the presence of Director Asanka Rajapaksa, General Manager Pradeep Samarathunga, National Sales Manager – Retail Sales Naleen Weerawardana, invitees, and well-wishers.

Speaking at the opening ceremony, Thusitha Rajapaksa stated: “We are excited about expanding DSI wings to three new locations. Despite the ongoing economic conditions of the country, we took a call to take a proactive measure to expand our islandwide presence. While it has been a challenge, the commitment and hard work of our team has made it possible to serve our loyal customers better, and we are confident that we will be able to continue these efforts in the future as well.”

DSI is renowned for its well-trained staff who offer exceptional customer service. The three new DSI showrooms prioritize providing a unique service and customer support to make purchasing further convenient for the customer.

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