Sarvodaya Development Finance PLC has achieved a historic milestone by being recognised as the number one company in its category according to the ranking report published by K Seeds Investments (Pvt) Ltd. This prestigious ranking reflects the company’s exceptional financial performance and robust operational framework. K Seeds Investments is renowned for its comprehensive evaluations of listed finance companies in Sri Lanka, providing invaluable insights into their financial strength. The latest report, based on quarterly financial statements, categorises companies into four groups according to their asset base, with Sarvodaya Development Finance PLC leading the way in Category 4, which includes companies with an asset base below Rs. 20 billion.
The recognition from K Seeds Investments highlights the unwavering commitment and strategic foresight of Sarvodaya Development Finance PLC’s leadership team. Rising above the challenging economic landscape, the company has not only sustained but significantly improved its financial metrics, over the past financial year, reflecting its solid foundation and forward-thinking strategies. Its dedication to adhering to best practices and fostering a winning attitude among its team members has played a pivotal role in this achievement, setting a benchmark for excellence.
Commenting on this outstanding achievement, Mr Nilantha Jayanetti – Chief Executive Officer (CEO) said, “We are immensely proud to be recognised as the number one company in our category by K Seeds Investments. This achievement is a direct result of our strategic focus and the unwavering dedication of our team. We stuck to our basics, and followed best practices while developing a winning attitude amongst our team, and now we are No.1! As we continue to grow, we remain committed to delivering sustainable value to our stakeholders and leveraging emerging opportunities to maintain our trajectory of strong performance. We are now well-positioned to harness emerging opportunities and continue our growth trajectory, guided by a vision of sustainable and impactful development.”
The stellar performance of Sarvodaya Development Finance PLC is a testament to the efficacy of its unique business model and the resilience of its operational framework, founded on the principles of the Sarvodaya Shramadana Movement. This accolade is thus not only a reflection of the company’s financial prowess but also an affirmation of its ethos, and the collective efforts of its dedicated team.
Sarvodaya Development Finance PLC’s exceptional efforts to drive financial inclusion, sustainable development, and performance excellence were also made clear by its recently released audited financial statements and annual report for FY 2023/24, posting record breaking profits and asset growth. Now, this recognition by K Seeds Investments reinforces Sarvodaya Development Finance PLC’s position as a leader in the non-banking financial sector.