Diversified young conglomerate LOLC honoured with six accolades

Premier Conglomerate LOLC became the triumphant silver award winner in the ‘Overall Winner’ category at the recently concluded National Business Excellence Awards 2011, organised by the National Chamber of Commerce of Sri Lanka (NCCSL).

Other accolades won by LOLC includes winner in the ‘Best Capacity Builder’, first runner up in the ‘Extra Large Category’, runner up in the ‘Diversified Group of Companies Sector’, Runner up in the ‘Excellence in Business and Financial Performance’ and Runner up in the ‘Hospitality Sector’ for Eden Hotel Lanka PLC.

This is the first time that LOLC, in its third year of participation, has bagged an overall performer accolade.

LOLC’s past wins in the National Business Excellence Awards include winner in the ‘Diversified Group of Companies Sector’ (2010), runner up in the best ‘Capacity Builder’ (2010), second runner up in the ‘Extra Large Sector’ (2010) and winner in the ‘Specialised Banking Sector’ (2009).

In addition, LOLC’s associate company LOLC Leisure Ltd was awarded runner up at the ‘Hospitality’ category for its hotel, Eden Resort and Spa, at the 2010 awards ceremony.

Commenting, the exuberant and proud Group Managing Director/CEO of LOLC, Kapila Jayawardena said; “As a highly diversified newly emerged Conglomerate, these prestigious achievements exemplify our group’s rapid progress in the financial and non-financial services sector in the recent years. I am extremely proud that in a short span of just three years since taking part in the National Business Excellence Awards, LOLC has climbed to the top levels of the awards categories itself. I commend the untiring efforts taken by the National Chamber of Commerce of Sri Lanka during these past eight years to felicitate National Enterprises who contribute towards the upliftment of both Country and economy.” The National Business Excellence Awards evaluates and recognises business organisations that contribute towards the economic development of the country under a strict evaluation criteria.

These are; business and financial performance, global reach, knowledge integration, technological investment, capacity building, performance management, corporate governance, corporate social responsibility.

In conclusion, Jayawardena said, “I would especially like to extend my thanks to our Board of Directors for their visionary guidance and the staff members of the LOLC group for their untiring efforts which enabled us to win these awards.”