LOLC Group sets new benchmark at NBEA 2025 with multi-sector triumph

LOLC Group staff with all awards at NBEA 2025

LOLC Holdings PLC cemented its position as Sri Lanka’s most diversified and future-focused conglomerate with an extraordinary sweep at the National Business Excellence Awards (NBEA) 2025, organised by the National Chamber of Commerce of Sri Lanka (NCCSL). Held at Shangri-La Colombo on 24 July, the group bagged nine accolades across five core sectors, including one Overall Srcond Runner-up (Bronze) Award, reflecting the strength, scale, and strategic agility of the Group’s national and global operations.

This year’s accolades were awarded to seven Group entities, showcasing not only sectoral dominance but also the Group’s integrated approach to innovation, performance, and responsible business practices:

• LOLC Technologies – Gold Award, ICT Services Sector and Overall Second Runner-Up (Bronze) in the Large Category
• LOLC Finance PLC – Runner-Up, Non-Banking Financial Services Sector and Merit Award for Excellence in Capacity Building 
• LOLC Life Assurance – Runner-Up, Insurance Sector
• LOLC General Insurance – Merit Award, Insurance Sector
• Brown and Company – Runner-Up, Trading Sector
• Browns Hotels & Resorts (Reveal Mirissa Collection) – Runner-Up, Hospitality and Tourism Sector
• Browns Hotels & Resorts (Thaala Bentota) – Merit Award, Hospitality and Tourism Sector

The company said that these distinctions are the result of rigorous evaluation across seven key pillars: Strategy and Leadership, Corporate Governance and Strategy, Performance Management, Local and Global Market Reach, ESG Integration, and Financial Results. The NBEA remains one of the most respected and comprehensive business award platforms in Sri Lanka, with winners selected through a meticulous multi-stage review and interview process led by a distinguished panel of experts.

Among the standout performers was LOLC Technologies PLC, which not only emerged as the sector leader in ICT Services but was also named Overall Second Runner-Up in the Large Category. Its recognition signals a clear shift in Sri Lanka’s digital economy, with LOLC Technologies positioned as a trailblazer in driving enterprise transformation through scalable tech innovation and service excellence.

LOLC Finance PLC also reinforced its leadership in Sri Lanka’s non-banking financial services industry, winning both a sectoral Runner-Up award and a Merit Award for Capacity Building. These recognitions highlight LOLC Finance’s commitment to nurturing talent, improving its internal systems and processes, fostering a high-performance culture, and empowering employees to drive sustainable growth.

The Group’s dual wins in the Insurance Sector marked another historic moment, as LOLC Life Assurance and LOLC General Insurance claimed two of the top three awards, an affirmation of the Group’s rising influence in Sri Lanka’s life and general insurance segments through inclusive, forward-thinking financial protection solutions.

In the Trading Sector, Brown and Company earned a well-deserved recognition for its diversified operations across agriculture, engineering, home and office solutions, and plantation industries. The award highlights the company’s adaptability and long-standing impact on national productivity and trade for over one and half centuries. 

Browns Hotels & Resorts emerged as a key player in the tourism revival narrative, with Reveal Mirissa Collection and Thaala Bentota securing wins that spotlight their dedication to sustainable tourism, authentic guest experiences, and premium service delivery at globally benchmarked standards.

Reflecting on this milestone achievement, LOLC Holdings PLC Group Managing Director Kapila Jayawardena said, “These awards are a collective endorsement of the relentless drive, innovation, and resilience that define the LOLC Group. Each win is a tribute to the people behind our businesses, their ambition, their talent, and their commitment to excellence. More importantly, these recognitions reflect our larger purpose to create lasting value, uplift industries, and shape the future of Sri Lanka’s economy.”

As LOLC continues to expand its presence locally and internationally, this landmark performance at NBEA 2025 stands as a symbol of its evolving legacy built on leadership, driven by innovation, and united by purpose.