Melstacorp
{{short description|Sri Lankan conglomerate}}
{{Infobox company
| name = Melstacorp PLC
| logo = Melstacorplogo.png
| logo_caption = Logo of Melstacorp
| type = Public
| traded_as = {{Colombo Stock Exchange|MELS.N0000}}
| ISIN = {{ISIN|sl=n|pl=y|LK0450N00003}}
| industry = {{Unbulleted list| Beverages | Diversified | Financial services | IT/BPO | Manufacturing | Health | Telecommunications | Plantation | Power | Hospitality |Logistics | Media}}
| founded = {{Start date and age|1998|2|3}}
| hq_location_city = Colombo
| hq_location_country = Sri Lanka
| key_people = {{Unbulleted list|Hasitha Jayawardena (Chairman)|Sampath Perera (Managing director)}}{{Cite web |date=2025-02-07 |title=Hasitha Jayawardena appointed as Melstacorp Chairman |url=https://www.dailymirror.lk/business-247/Hasitha-Jayawardena-appointed-as-Melstacorp-Chairman/395-301921 |access-date=2025-02-07 |website=www.dailymirror.lk |language=en}}
| revenue = {{increase}} LKR182.990 billion
| revenue_year = 2022
| operating_income = {{increase}} LKR22.651 billion
| income_year = 2022
| net_income = {{increase}} LKR17.635 billion
| net_income_year = 2022
| assets = {{increase}} LKR311.947 billion
| assets_year = 2022
| equity = {{increase}} LKR136.333 billion
| equity_year = 2022
| num_employees = {{increase}} 22,765
| num_employees_year = 2022
| parent = Milford Exports (42.802%)
| subsid = See text
| website = {{URL|https://melstacorp.com/}}
}}
Melstacorp PLC is a Sri Lankan diversified conglomerate. It is listed in the Colombo Stock Exchange.{{Cite web |last=Melstacorp |first=Corporate Information {{!}} |title=Corporate Information {{!}} Melstacorp |url=https://melstacorp.com/corporate-information |access-date=2024-12-09 |website=melstacorp.com |language=en |archive-date=2024-11-03 |archive-url=https://web.archive.org/web/20241103072411/https://www.melstacorp.com/corporate-information |url-status=live }} Melstacorp PLC is one of the 10 largest listed companies. It has a market capitalization of approximately USD 450 million. Deshamanya Harry Jayawardena is the Chairman of the company.{{Cite web |last=Melstacorp |first=Corporate Information {{!}} |title=Corporate Information {{!}} Melstacorp |url=https://melstacorp.com/corporate-information |access-date=2024-12-09 |website=melstacorp.com |language=en |archive-date=2024-11-03 |archive-url=https://web.archive.org/web/20241103072411/https://www.melstacorp.com/corporate-information |url-status=live }}
History
Melstacorp PLC was originally formed as Beruwala Distillery (Private) Limited in 1995. Distilleries Company of Sri Lanka (DCSL) acquired the Company and renamed it Melstacorp Limited in order to subsequently make it the holding Company of the then DCSL group. All subsidiary companies of DCSL were transferred to the Company between 2010 and 2015. In 2016 through a 180-degree share swap, Melstacorp became the holding company of DCSL.{{Cite web|url=http://www.sundaytimes.lk/160821/business-times/transformation-at-distilleries-as-melstacorp-takes-over-parent-company-205205.html|title=Transformation at Distilleries as Melstacorp takes over parent company {{!}} The Sunday Times Sri Lanka|website=www.sundaytimes.lk|access-date=2018-11-23}}
After the share swap, Melstacorp was listed in the Colombo Stock Exchange on 30 December 2016.
Subsidiaries
Melstacorp subsidiaries are involved in industries such as Distilling, bottling and distribution of liquor, Insurance, Health, Manufacturing, Logistics, ICT, Telecommunications, Energy, Tea and Rubber Plantations, Hospitality, Property Development, Brand Management, and in Advertising.
It is the holding company of Distilleries Company of Sri Lanka PLC.{{cite web|url= http://www.ft.lk/2011/04/04/why-‘Melstacorp’-by-harry-j/|publisher=Daily Mirror Online |title=Why? Melstacorp By Harry J? |date=4 April 2011 |accessdate=2011-04-04}}
| class="wikitable" | ||
| Subsidiary | Holding | Market value/Cost LKR (mns) |
|---|---|---|
| style="text-align:center;" colspan="3" | Quoted subsidiaries | ||
| Aitken Spence PLC | 50.32% | 15,058 |
| Balangoda Plantations PLC | 58.61% | 241 |
| Browns Beach Hotel PLC | 41.88% | 488 |
| Distilleries Company of Sri Lanka PLC | 92.44% | 57,831 |
| Madulsima Plantations PLC | 55.91% | 871 |
| style="text-align:center;" colspan="3" | Unquoted subsidiaries | ||
| Bellvantage (Pvt) Limited | 100% | 75 |
| Bogo Power (Pvt) Limited | 99.30% | 993 |
| Continental Insurance Lanka Limited
| rowspan="6" | 100% | 1,164 | |
| Melsta Health (Pvt) Ltd | 1,896 | |
| Melsta Logistics (Pvt) Limited | 571 | |
| Melsta Properties (Pvt) Limited | 1,590 | |
| Melsta Technologies (Pvt) Limited | 10 | |
| Melsta Tower (Pvt) Limited | 658 | |
| Milford Holdings (Pvt) Limited | 98.36% | 3,350 |
| Periceyl (Pvt) Limited
| rowspan="2" | 100% | 7 | |
| Splendor Media (Pvt) Limited | 51 | |
| Timpex (Pvt) Limited | 51.03% | 157 |
References
{{Reflist}}
{{Melstacorp}}
{{S&P SL20}}
{{All Share Price Index}}
Category:Conglomerate companies of Sri Lanka
Category:Distilleries Company of Sri Lanka
Category:Drink companies of Sri Lanka
Category:Companies listed on the Colombo Stock Exchange
Category:Companies in the S&P Sri Lanka 20 Index
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