Prabhash to join Hemas Board from 1 January

Hemas Holdings Plc has announced the appointment of business leader Prabhash Subasinghe to its Board as an Independent Non-Executive Director from 1 January 2022.

Prabhash Subasinghe

Prabhash is a renowned entrepreneur in Sri Lanka. He is best known for his rapid success in starting companies that have built a global presence. He is driven by his vision to build multinational companies out of Sri Lanka. Prabhash studied Applied Economics and Business at the prestigious Ivy League Cornell University and higher studies at the Harvard Business School.

He has diverse business interests in speciality tyres, seafood, insurance, banking, luxury real estate and has become a true Asian success story. Prabhash is a proven leader with a steadfast passion to build great companies. He is the Founder of Global Rubber Industries Ltd. (GRI) a manufacturer of high-performance speciality tyres, which sells its products across the world, and of Global Sea Foods Ltd. (GSF) a processor and supplier of high-quality seafood to Europe, US, and Japan specialising in fresh, frozen, and raw seafood.

GRI operates one of the largest and most advanced speciality tyre production plants in Sri Lanka while GSF pioneered the processing of wakame and sushi topping for the Japanese market and owns the largest industrial long-line fishing fleet in South Asia.

Prabhash founded Ayenka Holdings, an investment company that has a large and diverse portfolio of investments in the Colombo Stock Exchange and a luxury real estate project in the Maldives. Prabhash is the principal shareholder of Ceylinco Insurance PLC, the largest listed insurer in Sri Lanka. He has investments in Sanasa Development Bank (SDB) and is a prominent shareholder of Sampath Bank, one of the largest private banks in Sri Lanka. Prabhash is the immediate past Chairman of the Sri Lanka Export Development Board (EDB). The Global Group of companies that Prabhash leads has 10 offices around the world and has 1,200 employees covering sixteen nationalities. Prabhash is passionate about building a truly Sri Lankan, diversified business group and taking Sri Lanka to the world. He envisions being a catalyst for the next generation of corporate growth in Sri Lanka.

With the upcoming appointment, Board of Hemas Holdings Plc will comprise Husein Esufally (Chairman), A.N. Esufally, M.A.H. Esufally, I.A.H. Esufally, A.S. Amaratunga, S.A.B. Ekanayake, J.M. Trivedi, and S. De S. Wijeyeratne. Group CEO is Kasturi C. Wilson.