Heladiv
{{Short description|Sri Lankan tea company}}
{{Infobox company
| name = Heladiv
| logo = Heladiv Logo.png
| logo_caption = company logo
| type = Public
| traded_as = {{Colombo Stock Exchange|HVA.N0000}}
| ISIN = LK0374N00005
| industry = Beverage
| founded = {{Start date and age|1997|8|22}}
| founder =
| hq_location_city = Colombo
| hq_location_country = Sri Lanka
| area_served = Worldwide
| key_people = {{Unbulleted list|B. S. M. De Silva (Chairman)|C. Hettiarachchi (CEO)}}
| products = Ceylon tea
| revenue = {{increase}} LKR1,164 million
| revenue_year = 2021
| operating_income = {{increase}} LKR164 million
| income_year = 2021
| net_income = {{increase}} LKR78 million
| net_income_year = 2021
| assets = {{increase}} LKR1,285 million
| assets_year = 2021
| equity = {{increase}} LKR15 million
| equity_year = 2021
| owner = {{Unbulleted list|George Steuart and Company Ltd (51.01%)|HVA Lanka Exports (Pvt) Ltd (10.00%)}}
| subsid =
| num_employees = {{decrease}} 54
| num_employees_year = 2021
| website = {{URL|https://www.heladiv.com/}}
}}
Heladiv, publicly traded as HVA Foods PLC, is a tea company based in Sri Lanka.
History
Heladiv commenced operations in 1990 as HVA Lanka Exports Pvt. Ltd., an affiliate of a Dutch-based agricultural development company, Handels Vereniging Amsterdam (Amsterdam Trade Association).{{cite news|url=http://www.dailymirror.lk/6622/heladiv-teas-celebrate-20-years|title=Heladiv Teas celebrate 20 years|newspaper=Daily Mirror|date=16 September 2010|accessdate=5 February 2016}}
In 1993, the company reverted to 100% Sri Lankan ownership.{{cite web|url=http://www.srilankabusiness.com/exporters-directory/hva-foods-plc-711.html|title=HVA Food PLC|publisher=Export Development Board Sri Lanka|work=Sri Lanka Business|accessdate=5 February 2016}}{{cite news|url=http://www.sundaytimes.lk/100926/BusinessTimes/bt36.html|title=Heladiv Tea, Unlocking the Potential of Sri Lanka's Oldest Crop|publisher=The Sunday Times|first=Jagdish|last=Hathiramani|date=26 September 2010|accessdate=5 February 2016}}
In 2001, they introduced the concept of Tetra Paking of Iced Tea to Sri Lanka. In 2007, the company received an ISO 22000 accreditation by Bureau Veritas and was awarded the Lanka Star, for Packaging Excellence from the Sri Lanka Institute of Packaging, and a Soorya Sinha Awarind from the Mawbima Lanka Padanama.{{cite news|url=http://www.nation.lk/2007/11/25/busi10.htm|title=Innovative tea Heladiv plucks two buds|newspaper=The Nation|date=25 November 2007|accessdate=5 February 2016}}
In 2011, the company was publicly listed on the Sri Lankan stock exchange.{{cite news|url=http://www.asiantribune.com/news/2011/01/08/sri-lanka-heladiv-tea-aggressively-penetrate-markets-indian-and-china|title=Sri Lanka: Heladiv Tea to Aggressively Penetrate Markets in India, and China|newspaper=Asian Tribune|date=1 September 2011|accessdate=5 February 2016}}{{cite news|url=https://archives.sundayobserver.lk/2011/01/09/new15.asp|title=HVA Foods launches IPO|newspaper=Sunday Observer|date=9 January 2011|access-date=5 February 2016}}
The brand name, Heladiv, is derived from the word "Heladiva", which means our land. The Heladiv product range includes ice tea, regular tea bags, flavoured tea bags, green tea, flavoured green tea, herbal infusions, leaf tea in pouches, pet jars, metal canisters, wooden boxes and gift packs.
The company operates over fifty tea cafes across China and a tea lounge in Colombo.{{cite news|url=http://www.dailymirror.lk/86029/heladiv-celebrates-25-years-of-success-through-product-innovation|title=Heladiv Celebrates 25 Years of Success Through Product Innovation | newspaper=Daily Mirror|date=4 September 2015|accessdate=5 February 2016}} The brand Heladiv is registered and sold in over 40 countries.
In 2014/2015 the company generated a gross profit of Rs 113,838,502.{{cite web|url=https://www.heladiv.com/wp-content/uploads/2015/08/HVA-Annual-Report-2015.pdf|title=HVA Foods PLC - Annual Report 2014-15|publisher=HVA Food PLC|date=July 2015|type=pdf|accessdate=5 February 2016}}