First Capital unveils SME-focussed Advisory Services at Scale Up Sri Lanka 2025

Friday, 6 June 2025 00:02 - - {{hitsCtrl.values.hits}}

First Capital Advisory Services Chief Executive Officer

Tharusha Ekanayake

First Capital Advisory Services Ltd., a subsidiary of the First Capital Holdings PLC has joined the Scale Up 2025 National SME Forum, organised by The Ceylon Chamber of Commerce, as the official Business Advisory Partner. At this flagship event, First Capital unveiled its newest subsidiary — First Capital Advisory Services — launched with the mission of empowering small and medium enterprises (SMEs) through improved access to capital markets and tailored financial advisory solutions.

First Capital Advisory Services recognises the challenges faced by SMEs on their journey of growth and is positioned to support these businesses in improving market visibility, strengthening governance and enhancing business value. It also offers businesses an opportunity to look into strategic financing options such as public listings and long-term partnerships, that are generally out of reach.

During the event hosted by the Ceylon Chamber of Commerce, First Capital Advisory Services Ltd. engaged in a panel discussion alongside Colombo Stock Exchange. The Esteemed panellist included First Capital Advisory Services Chief Executive Officer Tharusha Ekanayake, and Colombo Stock Exchange Chief Executive Officer Rajeeva Bandaranaike.

During his address, First Capital Advisory Services Ltd. Chief Executive Officer Tharusha Ekanayake emphasised the lack of advisory expertise on offer for SMEs, and the importance of finding structured, long-term solutions. He stated, “Sri Lanka’s SMEs are brimming with potential, but most lack the advisory expertise and market know-how to scale sustainably. That’s the gap First Capital Advisory Services was built to fill. Our focus is on strengthening governance, structuring strategic capital solutions, and preparing businesses to unlock long-term value through public listings and private partnerships.”

First Capital Advisory Services is the latest addition to a group that is well established in Sri Lanka’s capital markets. This includes, First Capital Treasuries PLC, a leading non-bank primary dealer appointed by the Central Bank of Sri Lanka; First Capital Asset Management Ltd. offers wealth management solutions for a variety of investors and manages over Rs. 110 billion in assets under management; and First Capital Equities Ltd. which offers clients access to the stock market and is backed by one of the few in-house research teams that cover equity and fixed income markets.

With the introduction of First Capital Advisory Services, the group has further cemented its commitment to being a catalyst for innovation, financial empowerment and growth within Sri Lanka’s business ecosystem.

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