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136:, Galle Road. She came up with the idea to launch her own company at a time when Sri Lanka entered into the prospect of a closed economy in the 1960s, which also resulted in the subsequent ban on imports. Aban also took note of how difficult it was to complete household chores through manual labour due to restrictions imposed by Sri Lankan government on importing raw materials and cashed in on the potential by selling secondhand home appliances sourced through embassy auctions.
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Abans Group is mainly divided into 5 business categories such as retail, services, logistics, manufacturing and real estate and infrastructure development under which come Abans (Pvt) Ltd, Abans automobile, Abans
Abstract, S.A. Electricals (Pvt) Ltd Services, Abans Central AC Division, Abans Finance,
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Aban
Pestonjee launched her business under the name Abans in 1968 at her home garage, where she managed to restore the used appliances she acquired from auctions and home sales to better working condition and sell them at her corner shop at
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Pestonjee launched her business in 1968 in her home garage where she managed to restore the used appliances which she acquired from auctions and home sales to better working condition and sell them at her corner shop in Galle Road.
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In 1978, the economy opened up and there was a large inflow of imported products. This led to an increased demand from the customers for quality global brands. First, she imported products from
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In 2006, she received
International Recognition for winning the Leading Women Entrepreneur of the World award. Mrs. Pestonjee was awarded the prize by the Princess of
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KOTRA Plaque of
Appreciation -- 2005 for forging strategic foreign economic ties between Korea & Sri Lanka presented by Mr. Young Kyo, president and CEO of the
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The Bronze Award for the Large
Business Category by the Women's Chamber of Industry & Commerce at the Year 2000 Women Entrepreneurs of the Year Award Ceremony.
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The Award of
Excellence for Woman Achievers for Outstanding Achievement from the SAARC Women's association in Year 2000.
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group of companies. She is known as one of the first entrepreneurs who initiated in first bringing Korean technology to
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268:"A Sri Lankan story: Abans Group's journey from corner store to corporate giant | Daily FT"
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443:. Official website of Sunday Observer news paper, Sri Lanka.
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506:"Abans awarded best LG importer in South-east Asia"
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494:. Official website of the Island paper, Sri Lanka.
492:"Abans awarded Best LG Importer in SouthEast Asia"
341:. Abans Group official website. Archived from
315:. Abans Group official website. Archived from
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466:"Women Entrepreneurs Award for Abans Chief"
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163:Abans Tours, AB Securities (Pvt) Ltd etc.
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441:"Aban Pestonjee receives 'Kotra' plaque"
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417:. Invest CSE website. Archived from
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566:Sri Lankan people of Parsi descent
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447:from the original on 2016-03-04
219:"Aban Pestonjee – Entrepreneur"
196:award for the Best Importer on
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241:"The life-force behind Abans"
561:Sri Lankan women in business
180:Korea Trade Promotion Agency
313:"Abans Automobile Division"
200:on behalf of Abans Limited.
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551:Sri Lankan businesspeople
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531:Abans Group of Companies
339:"Abans Group - Abstract"
556:Sri Lankan Zoroastrians
221:. www.zoroastrians.net
192:She also received the
77:http://abansgroup.com
68:Saroshi, Behman, Rusi
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167:Awards and honours
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39:Entrepreneur
107:consumers.
97:chairperson
540:Categories
451:2013-06-26
277:2024-03-24
205:References
105:Sri Lankan
35:Occupation
272:www.ft.lk
123:descent.
95:) is the
445:Archived
187:Thailand
145:Thailand
65:Children
512:26 June
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425:26 June
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370:26 June
349:27 June
323:27 June
297:27 June
247:26 June
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141:England
89:Sinhala
73:Website
57:Spouse
157:Korea
153:Japan
149:China
121:Parsi
101:Abans
50:Abans
514:2013
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