Holdings repositioned as Ambeon Capital PLC and Lanka Century Investments as Ambeon Holdings PLC


Sanjeev Gardiner - chairman and Murali Prakash - Group Managing Director/CEO

In a strategic move to reposition the entity to represent the Group’s business vision and take on the dynamic, technocentric business world of tomorrow, Taprobane Group announced the transformation of the Group including the name change to Ambeon. As such, Taprobane Holdings PLC will be repositioned as Ambeon Capital PLC while Lanka Century Investments PLC will be Ambeon Holdings PLC with immediate effect. The transformation of the Ambeon Group, which includes restructuring of its diversified businesses to bring about collective focus, optimize investments and increase shareholder value, is now said to be well poised to take the leap and transform latent opportunities into lucrative ventures that deliver sustained value.

With over 3500 employees, the Ambeon Group is reputed for its market dominance in the areas of financial services, manufacturing, real estate, technology and strategic investments. Post-restructuring of the Group, Ambeon Capital PLC will be the Holding company while all businesses have been repositioned and realigned legally under Ambeon Holdings PLC, transforming the group to become a medium sized, diversified conglomerate geared to take on the business opportunities available in global markets.

"Today’s announcement about the launch of Ambeon and the transformation of the Group is yet another milestone in our journey to build on our foundation of re-engineering success" stated Sanjeev Gardiner, Chairman - Ambeon Capital PLC. "Ambeon Group is now ready and well poised to compete amongst the elite conglomerates in the country. As a dynamic and diversified Group of Companies, Ambeon will continue to seek for lucrative business opportunities and transform entities to be the best within their respective industries in Sri Lanka and the world. This is just the beginning. True to our commitment, we will continue our journey to enhance the overall wealth and value creation of our shareholders and all other stakeholders beyond ambition," Gardiner concluded.

Under the new Group structure, the subsidiaries of Ambeon Holdings PLC will include Taprobane Capital Plus (Pvt.) Ltd. (a leading financial services provider with a wealth of experience in capital markets in Sri Lanka), South Asia Textiles Industries Lanka (Pvt.) Ltd., (a leading manufacturer of exceptional quality weft knitted fabric specializing in knitting, dyeing, finishing, printing, brushing, sueding and anti-pin micro/polar fleece fabric for leading global brands such as Victoria Secret, Next, Marks & Spencer, Tesco, Calvin Klein, Decathlon and Adidas), Dankotuwa Porcelain PLC and Royal Fernwood Porcelain Ltd., (manufacturers of porcelain tableware and gift items for global giants such as Oneida, Macy’s, Country Road, Lenox, John Lewis, Crate & Barrel, Megros, Jasanmal, Ralph Lauren, the Walt Disney Company and Dilmah), Ceylon Leather Products PLC (manufacturer of leather footwear and accessories, popularly known as DI), Millennium Information Technologies (Pvt) Ltd (Sri Lanka’s leading information systems solutions providers delivering IT solutions for many industries; including banks and finance, telecommunications,

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