Fairway Holdings announces leadership transition

Tuesday, 1 April 2025 03:03 - - {{hitsCtrl.values.hits}}

Fairway Holdings, specialising in real estate and diversified industries, has announced a key leadership transition following the passing of its esteemed Founder, Hemaka de Alwis.

The home-grown conglomerate is now set to embark on its next phase of growth under the leadership of Virath de Alwis, who assumes the role of Chairman.

Hemaka de Alwis, Late Chairman of Fairway Holdings, is widely regarded as a visionary in the Sri Lankan real estate industry, having led the company’s evolution from a pioneer in real estate to a diversified conglomerate. Virath’s journey with Fairway Holdings began when his father fell ill five years ago, prompting him to take on greater responsibilities within the company. Under the guidance of the Late Chairman, he gained expertise across various business sectors, implementing strategic initiatives to ensure the company’s stability and continuity. His leadership has been instrumental in steering Fairway Holdings through unprecedented challenges, including the economic crisis, strengthening its resilience and driving continued growth.

Supporting Virath in driving Fairway Holdings forward is a highly experienced senior management team, with Fairway Holdings Group Chief Executive Officer Ashean Karthelis playing a pivotal role in shaping the group’s strategic direction.

With over two decades of expertise in the banking, financial services, and insurance (BFSI) sector, Karthelis brings a deep understanding of financial management, risk assessment, and market dynamics. His extensive experience in real estate and leisure sector development further strengthens his ability to drive sustainable growth. Under his leadership, Fairway Holdings remains committed to upholding the vision of the late Hemaka De Alwis – transforming lives and enhancing lifestyles through innovation and sustainability.

Under Virath’s leadership, Fairway Holdings remains committed to innovation while staying true to its founding principles. The company places a strong emphasis on corporate social responsibility, with a focus on sustainability, culture, and community well-being. Looking ahead, Fairway Holdings aims to build on its legacy of excellence, creating lasting value for its stakeholders, customers, and the communities it serves.

The company introduced vertical luxury living to Rajagiriya, completing six projects and delivering over 1,000 apartments across Rajagiriya, Galle, and Koswatta. With sustainability at its core, the Fairway Group boasts a diverse portfolio encompassing luxury real estate, leisure and hospitality, interior solutions, financial services, construction, renewable energy, aquascaping, and legal services, while also actively supporting local art and culture.

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