Melstacorp

Melstacorp PLC is a Sri Lankan diversified conglomerate. It is listed in the Colombo Stock Exchange.^[3] Melstacorp PLC is one of the 10 largest listed companies. It has a market capitalization of approximately USD 450 million. Deshamanya Harry Jayawardena is the Chairman of the company.^[4]

Melstacorp PLC

Logo of Melstacorp
Company type	Public
Traded as	CSE: MELS.N0000
ISIN	LK0450N00003
Industry	Beverages Diversified Financial services IT/BPO Manufacturing Health Telecommunications Plantation Power Hospitality Logistics Media
Founded	February 3, 1998; 27 years ago (1998-02-03)
Headquarters	Colombo , Sri Lanka
Key people	Hasitha Jayawardena (Chairman) Sampath Perera (Managing director) [1]
Revenue	LKR182.990 billion (2022)
Operating income	LKR22.651 billion (2022)
Net income	LKR17.635 billion (2022)
Total assets	LKR311.947 billion (2022)
Total equity	LKR136.333 billion (2022)
Number of employees	22,765 (2022)
Parent	Milford Exports (42.802%)
Subsidiaries	See text
Website	melstacorp.com
Footnotes / references [2]

History

Melstacorp PLC was originally formed as Beruwala Distillery (Private) Limited in 1995. Distilleries Company of Sri Lanka (DCSL) acquired the Company and renamed it Melstacorp Limited in order to subsequently make it the holding Company of the then DCSL group. All subsidiary companies of DCSL were transferred to the Company between 2010 and 2015. In 2016 through a 180-degree share swap, Melstacorp became the holding company of DCSL.^[5]

After the share swap, Melstacorp was listed in the Colombo Stock Exchange on 30 December 2016.

Subsidiaries

Melstacorp subsidiaries are involved in industries such as Distilling, bottling and distribution of liquor, Insurance, Health, Manufacturing, Logistics, ICT, Telecommunications, Energy, Tea and Rubber Plantations, Hospitality, Property Development, Brand Management, and in Advertising.

It is the holding company of Distilleries Company of Sri Lanka PLC.^[6]

Subsidiary	Holding	Market value/Cost LKR (mns)
Quoted subsidiaries
Aitken Spence PLC	50.32%	15,058
Balangoda Plantations PLC	58.61%	241
Browns Beach Hotel PLC	41.88%	488
Distilleries Company of Sri Lanka PLC	92.44%	57,831
Madulsima Plantations PLC	55.91%	871
Unquoted subsidiaries
Bellvantage (Pvt) Limited	100%	75
Bogo Power (Pvt) Limited	99.30%	993
Continental Insurance Lanka Limited	100%	1,164
Melsta Health (Pvt) Ltd		1,896
Melsta Logistics (Pvt) Limited		571
Melsta Properties (Pvt) Limited		1,590
Melsta Technologies (Pvt) Limited		10
Melsta Tower (Pvt) Limited		658
Milford Holdings (Pvt) Limited	98.36%	3,350
Periceyl (Pvt) Limited	100%	7
Splendor Media (Pvt) Limited		51
Timpex (Pvt) Limited	51.03%	157

Source: Annual Report (2022, p. 152)^[2]