Edible oil specialist Venkadeshwara Agro Industry plans CSE listing

Monday, 14 July 2025 02:22 - - {{hitsCtrl.values.hits}}

IPO planned in Q4 2025 to raise Rs. 800 m to Rs. 1 b
Northern Province based firm operates one of the largest edible oil manufacturing and solvent extraction plants in Sri Lanka, with 17,000 tons annual oil refining capacity and 30,000 tons solvent extraction capacity
Recipient of Rs. 100 m Matching Grant under World Bank Sri Lanka Agriculture Sector Modernisation Project

Edible oil specialist Venkadeshwara Agro Industry (VAI) has announced plans to list on the Colombo Stock Exchange (CSE) in the fourth quarter of this year to raise around Rs. 800 million to Rs. 1 billion.

“We are excited about the prospect of becoming the first entity incorporated and operating in the Northern Province to be listed on the Colombo Stock Exchange. We have appointed Corporate Finance Advisor Atarah Capital as Manager to the IPO,” said VAI Managing Director Suganthon Managing Director.

“We maintain the highest standards of quality, embracing sustainable practices, and prioritising the utilisation of Suganthons evident in every facet of the company’s operations, and we remain committed to ensuring the company consistently delivers premium products to consumers whilst contributing to the economic development of the Northern region,” he added.

VAI hails from the verdant landscapes of Northern Sri Lanka where deep roots prevail in rich agricultural heritage for centuries. The company operates within the first industrial estate in post war Sri Lanka, the Achchuveli Industrial Estate, which is attractively located within close proximity to the KKS Harbour and Palaly Airport,

VAI was founded in 2001 by entrepreneur, oil and fat industry specialist Dr. Kanagasingham Suganthon, born and raised in Jaffna.

VAI specialises in manufacturing premium RBD oils (palm olein, Coconut, Rice Bran) and Premium Coconut Oil. The company has expanded its range to bakery products such as premium cake margarine and compounds (cakes, bread and buns), pan lubricants and vegetable ghee. It also produces several byproducts such as palm free fatty acids, coconut free fatty acid, rice free fatty acids, rice bran wax, animal feed (DORB) and palm stearin. VAI has gained international standards of excellence in quality and safety ISO 9001:2015, HACCP and GMP. The company has transformed the production process by integrating green energy solutions, boilers powered by agro based material and 1MW rooftop solar, thereby driving an eco-friendly and sustainable evolution within the industry.

Veteran banker, CIMA former Regional Director, Trainer and Author Bradley Emerson – a specialist in edible oils and fats industry with extensive experience in sales, distribution and strategic leadership; Former CEO and CFO in leading sector companies Manjula Priyadarshana; and Gajma and Co. Principal Chartered Accountants, CA Sri Lanka Tax - Technical Forum Member R. Suresh, were appointed as Non-Executive Independent Directors.

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