- Inspiring confidence and seizing new growth
Blue Ocean Group of Companies is continuously maintaining its status as one of the leading diversified business conglomerates in the country. It owns a range of well-recognised companies in the field of real-estate, construction, engineering, trading, education, leisure and entertainment.
Blue Ocean Group has a very strong business base, having nearly Rs. 40 billion worth of projects in hand that makes its status in the construction sector unbeatable.
Sivarajah Thumilan, with his high academic qualifications and extensive experience as a leading entrepreneur, steers his team efficiently and wisely. His team’s untiring efforts had elevated his Group to conquer the prestigious international awards as ‘Sri Lanka’s Best Property Developer – 2017’ and also as ‘Asia’s Greatest Brands and Leaders 2017’.
The construction industry has been a major contributor to Sri Lanka’s rapid economic development over the past few years. The country has rushed to make up for its more than two and a half decades of intermittent building activity across most segments, from high-end residential housing to commercial and office space to a variety of key infrastructure segments.
Link Engineering is one of first construction companies in Sri Lanka with experience spanning over four decades. Link Engineering has been awarded several local and international awards for its excellence in construction over the years. It is one of the few companies acknowledged by Major Contractors Association of Sri Lanka, Green Building Council, Construction and Industrial Development Authority and Chamber of Commerce and Construction Industries with professional membership.
Link Engineering, being Blue Ocean’s main construction arm, is currently engaged in 35 private luxury condominium projects and 38 Government projects all over the island. Similarly, Blue Ocean had undertaken 35 large projects in 10 cities, targeting 1,250 residences in Colombo and its suburbs. As a result, Link Engineering has nearly Rs. 14 billion worth of projects in hand which makes the Group’s capacity and resources unbeatable. It is certainly a record for a private company to have Rs. 55 billion worth of projects in hand.
Blue Ocean has completed seven projects between January and June 2018 valued at Rs. 4 billion and already handed over to the customers and the process of deed transfer in on its way. No. 22, Boswell Place, Colombo 6, No. 23, Moor Road, Colombo 6, No. 25, Frankfurt Place, Colombo 4, No. 502, Havelock Road, Colombo 5, No. 31, De Alwis Place, Dehiwala, No. 37/3, Beach Road, Mount Lavinia, No. 5, Railway Avenue, Nugegoda. It is noteworthy that the appreciation of these apartments had escalated to an astonishing 60% to 80% which is beyond imagination for any other property developer in the country.
The following projects are scheduled to be completed before end of August 2018 and the value concerned is Rs. 6.3 billion. No. 19, Barnes Avenue, Mt. Lavinia, No. 15, Lillian Avenue, Mt. Lavinia, No. 6, Alwis Avenue, Mt. Lavinia, No. 121, Inner Flower Road, Colombo 3, No. 73, Gregory’s Road, Colombo 7, No. 45, Alfred House Gardens, Colombo 3,
The happy news for Blue Ocean is that nearly 97% of the above apartments have been sold out which is a sure evidence for the Group’s capacity and resources to face any challenge in the real estate industry.
In addition, it has the following running projects in hand. No. 8, Jayasinghe Road, Colombo 5, No. 6, 19th Lane, Colombo 3, No. 15A, Layard’s Road, Colombo 4, No. 30, Hotel Road, Mt. Lavinia, No. 34/2, De Saram Road, Mt. Lavinia, No. 2, Glenfall Road, Nuwara Eliya, the total value of which amounts to Rs. 11.5 billion.
Further, Blue Ocean is in the process of designing the below-mentioned seven mega projects and work is due to start shortly. The value will be around Rs. 14 billion. No. 20, Vajira Road, Colombo 4, No.17, 1/1, Layards Road, Colombo 4, No. 1 and No. 3, Havelock Place, Colombo 5, No. 75, Maya Avenue, Kirulapone, Colombo 5, No. 35, Ramakrishna Road, Colombo 6, No. 7 and 9, Boswell Place, Colombo 6, No. 7/6, Wederbourn Road, Nuwara-Eliya and many more. In addition to the above, it has another 15 ongoing projects in hand, which makes its future path very stable and healthy and promises it substantial resources together with a strong confidence to meet its bank commitments without any difficulty.
Blue Ocean Group’s proven excellence is attributed to the Group’s emphasis on innovation, strategy and sustainable growth. As a 100% Sri Lankan company, the Group possesses the experience, technical expertise, manpower and financial strength to carry out all types of construction projects. The Group has showcased exceptional prowess in condominium development with a strong focus on customer centric approach.
The Blue Ocean Group claims that the root of its success is in its ability to provide professional client-oriented services on time. The Group is planning its maiden overseas expansion in the South Asian region and hopes to have an active overseas operation in the near future.
Upholding its values of professionalism and integrity, Blue Ocean Group hopes to continuously endeavour to realise the Group’s vision to be a globally respected and successful business conglomerate through excellence in all endeavours.
Another feather in Blue Ocean’s crown
M.R. Jeyachandran, MPM (Aus), MBA (Aus), PG.Dip (B&F.Mgt), B.Sc (Hons), C.Eng. MIE (SL), the renowned chartered engineer, joined the Blue Ocean Group of Companies on 2 July, as the Group’s Chief Executive Officer.
Being the former Director General of the Building Department and present Chairman of CIDA, Jeyachandran is a highly-experienced, successful and well-regarded team leader who holds an extensive track record behind. His wide international experience in business culture and staff engagement had always proved potential outcome for his leadership in all his previous careers.
His wide experience in the construction-related field will be a distinguished advantage to Blue Ocean Group. The combination of his experience, drive and culture makes him an ideal fit for the next stages of growth for the Group.
Commenting on his new companion, Blue Ocean Group Chairman Sivarajah Thumilan said: “We are delighted to see that Jeyachandran has agreed to join our Group as the CEO. He has a very broad business experience and expertise in growing and improving international technology-based businesses, with an emphasis on partnering and customer relationships.
“He is an individual with a strong history of creating highly successful teams, which ideally suits him as a strong hand to Blue Ocean Group. With his excellent business experience and academic qualifications, I am personally pleased to see that we could make a person with his calibre, exceptional track record and potential to join our team and I am quite confident that he could guide our team efficiently towards better heights in the near future.”
Commenting on his role as the new CEO, Jeyachandran said, “With Blue Ocean’s deep pool of talent, strong customer base, and robust balance sheet, I am really excited about having the opportunity to work with the team and lead the Group into the next stage of its strategic development. I earnestly look forward to having the support of our executive team, employees, customers, suppliers and other stakeholders to help me and Thumilan to turn our dream into reality.”
Blue Ocean Group fortified with qualified
and experienced personnel: Chairman
Blue Ocean Group Chairman and a renowned Chartered Accountant S. Thumilan (ACA, ACCA, ACMA (UK), CGMA, CPA (AUS), MCSI (UK), FM AAT (SL), ACS) comments on the status of his Group as follows: “I have no hesitation to admit that our Group is fortified with well-qualified and experienced personnel, including a team of chartered architects, chartered civil engineers chartered accountants, chartered MEP engineers, civil engineers, quantity surveyors, MEP engineers and staff of other professions of the construction trade.
“While recruiting our staff we consider them exclusively on their merits, leaving aside their ethnic, language, race or religious disparities. Further, we strongly believe that today’s youngsters are tomorrow’s leaders and therefore make it a point to give more chances to eligible, creative and active youngsters. Meanwhile, to guide them in the proper way we make it a point to hold elderly personnel, with good experience in our team as well. By this concept, our team is always balanced with both categories and has a good momentum with a combined move.“I feel it is my responsibility to acknowledge some of our members for their long service with us. In fact, they are regarded as the foundation stones or reinforcements to our large regime who had shouldered our struggles and pains during our difficult periods, bearing their maximum patience, courage, responsibility and determination.
“Blue Ocean Group is one step ahead of its competitors by providing the customers every requirement under one and the same roof, thus saving their valuable time money and energy. This exclusiveness becomes possible for us by having our own team of well qualified and widely experienced professionals, comprising four chartered architects, nine chartered civil engineers, five chartered accountants, two chartered MEP engineers, 42 civil engineers, 58 quantity surveyors, 25 MEP engineers and 235 staff of other professions in the construction trade.”
Thumilan Suranee – Group Director/Chief Administrative Officer; Captain K.S.K. Perera, IIM, (Hong Kong) – Chief Operating Officer; R. Arunprasath (AMSLIM) – Chief Marketing and Business Development Officer; Subaskar Jeyananthan, BSc (Hons) QS, DPPM, ACOIB(SL) – Chief Quantity Surveyor; Nimeshanan Kulendra, M.Sc.(IT) UK, B.Sc. (Hons) UK – Chief Information Officer; Kanagaratnam Aynkaran, BSc (Hons) in Civil, NCT – Chief Procurement Officer; Asanka Narangoda, ACA, MAAT, BBM (Acct) Sp., – Chartered Accountant – Chief Financial Officer; Anjana Dishan, MBA (UK), PQHRM, Dip. HR(US), CCHRM – Chief Human Resources Officer; S. Subashchandran (ACA), Chartered Accountant – Chief Risk Officer; Sumed Niluka Mendis, (ACA, CPA) Chartered Accountant – Chief Accounting Officer; Samanthika Gallage, L.L.B (SL), Attorney-at-Law, Notary Public and Commissioner for Oaths – Chief Legal Officer and many more are in the long list.
The Group is also proud to have nearly 4,000 direct and indirect employees by which it holds a significant role in solving the unemployment problem in the country.