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.