Power Hands Plantations (Pvt) Ltd wins big at the People’s Pinnacle Awards 2024

(From Left – Right) Mr. Shehan Kulasinghe – Director, Dr. Prabath Kulasinghe - Group Chairman, Mrs. Sharon Ludwick - Managing Director

(From Left – Right) Mr. Denuwan Perera, CEO - Power Hands Automobiles (Pvt) Ltd, Mr. Mark Kollure, CEO - Power Hands Shipping Lines (Pvt) Ltd, Mr. Shehan Kulasinghe - Director, Dr. Prabath Kulasinghe - Group Chairman, Mrs. Sharon Ludwick - Managing Director, Piumali Perera - Coordinator, Mr. Infaz Abdeen, CEO - Power Hands Energy (Pvt) Ltd​

Power Hands Plantations (Pvt) Ltd, recently solidified its position as a leader in the plantation industry in Sri Lanka by clinching the esteemed award for the Best Plantation Company investment brand in Sri Lanka and Best Entrepreneur of the year at the People’s Pinnacle Awards 2024.

The prestigious event, organized by MUGP International, was held this month for the third consecutive year, bringing together several industry leaders and visionaries to celebrate professional excellence across Sri Lanka.

Founded by Group Chairman Dr. Prabath Kulasignhe during the challenging times of the COVID-19 pandemic, Power Hands Plantations (Pvt) Ltd began its journey in 2019 with a green investment initiative focused on vanilla module cultivation.

Over the years, the company’s strategic investment plans have not only drawn significant attention from investors but has also enabled it to expand operations nationwide while elevating its capacity to meet the growing demand for premium agricultural products.

Guided by three core principles—creating sustainable supply chains, adhering to fair trade practices, and offering the highest quality organic products, the company has championed innovative and eco-conscious practices all over Sri Lanka. 

Among its notable Corporate Social Responsibility (CSR) initiatives include a project to plant 5,000 Kumbuk trees in Nivithalagala, showcasing its commitment to environmental conservation. 

The plantation company primarily identifies Vanilla cultivation as one of its flagship product ventures. Vanilla cultivation is emerging as a promising avenue for Sri Lanka, similar to coconut and rubber with the potential to redefine agricultural investment in Sri Lanka, according to the company.

The organization is dedicated to providing high-demand, sustainable products via its cultivation that benefit both the environment and the economy.

Helping this momentum is the company’s unique green investment opportunities that promise attractive returns for stakeholders. For instance, the company offers an investment plan where an initial investment of Rs. 540,000 can yield returns of up to Rs. 3,500,000 after five years, secured by an original transfer deed for a 10-perch plot of cultivated land.

The LEGACY Retirement Investment Plan offers a highly tailored approach to wealth building, which can be a great advantage for those looking to secure their future while aligning with their specific financial goals and risk tolerance.

The coconut cultivation example, where a land purchase of Rs. 1,000,000 in installments, coupled with Rs. 12,000 monthly payments for 6 years, grows into a potential return of Rs. 90,000,000 in 40 years, is impressive. This showcases not only the power of long-term investment but also the value of assets like land in securing a steady financial future. Additionally, the full legal right of ownership over the land adds a layer of security, making this a more tangible asset in the investor’s portfolio.

The plan also appears flexible, allowing for different maturity options like 10, 15, or 20 years depending on the individual’s financial goals and timelines. This could make it easier for investors to balance short-term and long-term objectives, and it could also be helpful for those who may want to adjust the strategy based on changing life circumstances.

Boasting over 2,500 employees and managing more than 3500 acres of ongoing cultivation projects, Power Hands Plantation (Pvt) Ltd operates across 45 locations and 125 branches island-wide. With its head office in Ragama and several regional offices located all over the island to build an extensive network that supports its operations and serve the customers. 

Extending beyond cultivation, the company has a developed into a conglomerate, Power Hands Holdings which is diversified into different industries with subsidiaries like Power Hands Energy Pvt Ltd, Power Hands Shipping Lines Pvt Ltd, Power Hands Automobiles Pvt Ltd, Power Hands Management Services Pvt Ltd.

Moreover, the company has also ventured into media through ITV and into hospitality with properties such as Eagle Regency Hotel Kandy and Villa Pinnawala Resort.

Starting with a small but ambitious team and a clear vision to revolutionize cultivation to enhance exports, this company has rapidly ascended to become a recognized leader in Sri Lanka’s agriculture sector. In a remarkably short period, their commitment to innovation, quality, and sustainable practices has set them apart, earning them industry-wide recognition and respect. Through strategic growth and a relentless drive for excellence, the company has not only reshaped the landscape of agricultural trade but also positioned itself as a key player in the global market. Over the years, it has earned numerous accolades, including the Best Plantation Company investment Company in Sri Lanka at the People’s Pinnacle Awards 2023, Best Entrepreneur of the year – plantation & Investment, 2023, Golden Feather Awards 2023, Best women legends Business Entrepreneur of the year 2024 (Plantation & Investment), Sri Lanka Young Entrepreneur Association Presidential Award 2024, Swarna Singhe Special Golden Awards 2024, 

This year’s recognition at the People’s Pinnacle Award for as the Best Plantation Company further reinforces the company’s achievements and contributions to the sector. 

Under the visionary leadership of its Group Chairman, Power Hands Plantations continues to inspire confidence among investors while paving the way for a sustainable future. By aligning its operations with environmental stewardship and innovative practices, the company is committed to drive growth, empower communities, and set new benchmarks in Sri Lanka’s overall green investment landscape.