Business

Kaido Group enters insurance and IT fields

Kaido group of companies the financial service provider launched its fourth and fifth companies on August 8, 2005. Kaido found in early nineties, made inroads into insurance brokering and information technology through Kaido Insurance Brokers and kaido Information Technology (Pvt) Ltd.

Kaido International Trading-the parent company of the group was found in 1990. The company then specialized in vehicle imports and allied financial services, leasing the financing. After 11 years of operation, in 2001 the company looking for financial business started the kaido Corporation Ltd. Kaido Leasing Corporation has been instrumental in executing better services to Kaido International Trading clientele of whose requirements are connected to financial services for purchase of vehicles. Group`D5s third company `D2Dandy District Vehicle Dealing Cooperative Society Limited was launched in 2004. The company is registered under the co-operative act with licensed to mobilized deposits for investments and provide financial services.

Chairman of the group Amal Jayasinghe said that the plans were under way to introduce a new deposit scheme which would give investor annual interests and additional dividends against deposit value which would be launched in near future.

Further he said that Kaido International Trading was negotiating with a Chinese manufacturer to launch vehicles under Kaido brand.

Kaido Insurance Brokers liaise between the insurance service providers and clients. Initially the company represents 12 existing well established insurance companies promoting insurance policies offered by these companies.

The company hopes after 2-3 years of operation, to emerge as an Insurance company with its own policies. Kaido Informational Technology (Pvt) Ltd. specializes in development and maintenance of Software, management Information System and Sale of computer hardware and communication accessories. The two companies are headed by Miss K. W. W. Jayawardene and Mr. Sampath Mayakaduwa respectively.

 

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