1040:
248:
233:
216:
199:
182:
162:
465:(EPF) had bought stocks in Brown and Company worth LKR737 million without approval from its investment committee. In some cases, the deal ticket of the transaction was unsigned, therefore the dealer could not be identified. As a result, EPF has made a loss of LKR1.1 billion.
27:
452:
which is run as a public-private partnership between the government of Sri Lanka, Brown and
Company, and LOLC Holdings. It has revealed that billions worth of loans were taken from LOLC-associated companies at higher interest rates. A
323:. The company was founded by James Brown, a 25-year-old engineer and mechanic from London who arrived in Ceylon in 1872. In 1892, the company was incorporated and in 1991 the company became a listed company on the
833:
580:
369:
and Hatton
Transport and Agency Company. In 1959, the company became a "Ceylonese Company" with a Ceylonese trader's licence. Manufacturing of automotive batteries was commenced in 1961 by the company.
1006:
440:, a company that conducted business in Sri Lanka since 1895, divested its stake at Hapugastenne and Udapussellawa Plantations, two tea plantation companies, to Browns for LKR1.9 billion in 2022.
396:, is a subsidiary of Brown and Company. With an LKR10 billion investment Brown and Company increased its stake in the subsidiary to 46% from 33% in 2020. In 2022 March, the company announced a
944:
2073:
575:
412:
with a stable outlook. The company was awarded the silver award in the trading companies category at the 54th Annual Report Awards in 2018. The awards ceremony is organised by the
885:
2068:
1307:
413:
65:
2083:
357:
in 1872. Brown and
Company was established in 1875 and the company engaged in importing and repairing agricultural machinery. In 1892, Brown and Company was
462:
2078:
642:
2063:
1916:
1028:
401:
2037:
972:
911:
807:
1300:
753:
174:
781:
1728:
1093:
1936:
1234:
1285:
632:
859:
1293:
58:
373:
In 2012, LOLC acquired a controlling stake of Brown and
Company for LKR1.32 billion. In 2015, Brown & Company set up a
1651:
449:
425:
1615:
1560:
949:
698:
1472:
1239:
1630:
1840:
1781:
1635:
1570:
1437:
1317:
1078:
1044:
1021:
721:
328:
337:
companies, an annual list of Sri Lankan listed companies by revenue, having ranked 42nd in the 2020/21 edition.
1967:
1753:
1366:
1249:
1068:
358:
1911:
1799:
1585:
945:"Hingurana sugar consortium takes billions worth of loans at soaring interest rates from its own affiliates"
886:"Apparel sector bullish Browns to invest Rs. 15.3 b to set up country's most modern, largest textiles plant"
2011:
1855:
1830:
1718:
1713:
1565:
1274:
1199:
916:
637:
324:
313:
54:
1962:
1890:
1539:
1322:
1269:
1229:
1219:
1053:
365:
and
Colombo in 1897. in 1947, the company was renamed Brown and Company and brought the total share of
1850:
1743:
1605:
1452:
1113:
1098:
1014:
437:
366:
1529:
1224:
433:
603:
1957:
1865:
1733:
1708:
1703:
1661:
1625:
1600:
1487:
1412:
1244:
1214:
1179:
1148:
417:
393:
378:
143:
1814:
1763:
1682:
1590:
731:
104:
1941:
1906:
1804:
1748:
1595:
1432:
921:
429:
225:
165:
400:
issue worth LKR2 billion. LOLC Holdings provided the corporate guarantee for the issue and
2042:
1972:
1809:
1524:
1467:
1376:
1209:
316:
82:
693:
1580:
1575:
1534:
1477:
1447:
1153:
1108:
758:
669:
454:
354:
333:
256:
40:
26:
912:"James Finlay divests control of Hapugastenne and Udapussellawa Plantations to Browns"
2057:
2032:
1990:
1931:
1870:
1835:
1698:
1620:
1482:
1462:
1422:
1184:
1133:
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409:
261:
48:
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1371:
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1259:
1204:
1163:
1158:
1128:
1073:
421:
405:
362:
345:
The company was founded by James Brown, a 25-year-old engineer and mechanic from
71:
1885:
1610:
1457:
664:
1995:
1921:
1758:
1417:
1345:
1254:
1138:
1123:
973:"Sri Lanka's EPF bought shares with no approval, no analysis: forensic report"
268:
191:
2016:
1845:
1340:
1326:
1118:
1083:
1048:
1039:
397:
374:
346:
320:
754:"Brown & Company sets up high-tech Green tea factory at Norwood Estate"
1880:
1860:
1391:
1143:
726:
1738:
1442:
1381:
1103:
123:
1723:
1361:
350:
448:
A national audit has revealed irregular dealings at the
Hingurana
208:
1656:
458:
1289:
1010:
1001:
581:
List of Sri Lankan public corporations by market capitalisation
284:
782:"Browns Investments successfully raises Rs. 19.2 b via Rights"
694:"Trust and service excellence, the driving force of Browns"
808:"Brown & Company goes for first-ever listed debenture"
866:. Associated Newspapers of Ceylon Limited. 9 January 2019
428:, the company is planning to invest LKR15.3 billion in a
361:
as a limited liability company. The company expanded to
633:"Constituent changes to the S&P Sri Lanka 20 Index"
576:
List of companies listed on the
Colombo Stock Exchange
2025:
2004:
1981:
1950:
1899:
1823:
1790:
1772:
1691:
1670:
1644:
1553:
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1501:
1405:
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189:
172:
156:
134:
118:
110:
88:
78:
64:
46:
36:
598:
596:
414:Institute of Chartered Accountants of Sri Lanka
381:Estate owned by Bogawantalawa Plantations PLC.
2074:Companies listed on the Colombo Stock Exchange
408:adjudged the issue as an A Credit Enhancement
331:in June 2021. Brown and Company is one of the
1301:
1022:
566:Source: Annual Report, 2022/23 (pp. 119–120)
8:
860:"Browns shines at 54th Annual Report Awards"
722:"LOLC gets control of Browns for Rs. 1.32 b"
19:
149:Kapila Jayawardena (Non-executive Director)
2069:Conglomerate companies established in 1875
1308:
1294:
1286:
1029:
1015:
1007:
979:. Echelon Media (Pvt) Ltd. 27 January 2020
25:
18:
702:. Associated Newspapers of Ceylon Limited
472:
273:
692:Warushamana, Gamini (5 February 2012).
643:Associated Newspapers of Ceylon Limited
592:
16:Sri Lankan conglomerate holding company
1917:Citizens Development Business Finance
943:Wijedasa, Namini (12 December 2021).
762:. Wijeya Newspapers. 31 December 2015
7:
2038:Colombo Land and Development Company
2084:Conglomerate companies of Sri Lanka
788:. Wijeya Newspapers. 26 August 2020
814:. Wijeya Newspapers. 30 March 2022
14:
1729:Distilleries Company of Sri Lanka
1094:Distilleries Company of Sri Lanka
1038:
892:. Wijeya Newspapers. 3 June 2022
247:
246:
232:
231:
215:
214:
198:
197:
181:
180:
161:
160:
1631:The Nuwara Eliya Hotels Company
297:Footnotes / references
202:LKR(12,528) million (2023)
185:LKR(11,108) million (2023)
2079:Holding companies of Sri Lanka
1937:People's Leasing & Finance
1652:Diesel & Motor Engineering
1235:People's Leasing & Finance
1205:Commercial Leasing and Finance
549:Udapussellawa Plantations PLC
404:was the manager of the issue.
327:. The company was included in
219:LKR466,854 million (2023)
1:
2064:1875 establishments in Ceylon
1518:Consumer Durables and Apparel
538:Hapugastenne Plantations PLC
416:and the ceremony was held at
236:LKR72,642 million (2023)
1561:Aitken Spence Hotel Holdings
1473:Richard Pieris & Company
1265:Tokyo Cement Company (Lanka)
1240:Richard Pieris & Company
94:; 149 years ago
1566:Asian Hotels and Properties
2100:
1805:Ceylon Hospitals (Durdans)
1692:Food, Beverage and Tobacco
1671:Food and Staples Retailing
1438:E. B. Creasy & Company
1318:S&P Sri Lanka 20 Index
1045:S&P Sri Lanka 20 Index
329:S&P Sri Lanka 20 Index
168:72,652 million (2023)
1861:National Development Bank
1841:Commercial Bank of Ceylon
1782:Swadeshi Industrial Works
1571:Ceylon Hotels Corporation
1502:Automobile and Components
1144:National Development Bank
1079:Commercial Bank of Ceylon
834:"Brown & Company PLC"
613:. Brown & Company PLC
543:
540:
503:
500:
463:Employees' Provident Fund
402:National Development Bank
295:
31:Logo of Brown and Company
24:
1968:Softlogic Life Insurance
1367:Chevron Lubricants Lanka
1250:Softlogic Life Insurance
1069:Chevron Lubricants Lanka
673:. Media Services Pvt Ltd
1912:Central Finance Company
1800:Asiri Hospital Holdings
1581:Galadari Hotels (Lanka)
604:"Annual Report 2022/23"
509:Palm Garden Hotels PLC
2012:Vallibel Power Erathna
1900:Diversified Financials
1856:HDFC Bank of Sri Lanka
1719:Ceylon Tobacco Company
1714:Ceylon Grain Elevators
1200:Ceylon Tobacco Company
487:Browns Investments PLC
390:Browns Investments PLC
325:Colombo Stock Exchange
1963:Janashakthi Insurance
1891:Union Bank of Colombo
1791:Health Care Equipment
1754:Lion Brewery (Ceylon)
1606:Mahaweli Reach Hotels
1540:Hela Apparel Holdings
1323:All Share Price Index
1270:Union Bank of Colombo
1230:Janashakthi Insurance
1220:Hela Apparel Holdings
1054:All Share Price Index
498:Eden Hotel Lanka PLC
306:Brown and Company PLC
20:Brown and Company PLC
2033:C T Land Development
1851:Hatton National Bank
1744:Keells Food Products
1626:The Lighthouse Hotel
1616:The Fortress Resorts
1453:John Keells Holdings
1275:Watawala Plantations
1114:John Keells Holdings
1099:Hatton National Bank
1051: →
367:Hatton National Bank
146:(Executive Chairman)
1530:Dankotuwa Porcelain
1321:←
953:. Wijeya Newspapers
665:"Financial Profile"
514:Serendib Hotels PLC
469:Quoted subsidiaries
434:Kurunegala District
308:, sometimes called
242:Number of employees
21:
1958:Ceylinco Insurance
1866:Nations Trust Bank
1815:Nawaloka Hospitals
1734:Harischandra Mills
1709:Ceylon Cold Stores
1704:Carson Cumberbatch
1662:Singer (Sri Lanka)
1601:John Keells Hotels
1488:Softlogic Holdings
1413:Access Engineering
1245:Softlogic Holdings
1215:Expolanka Holdings
1195:Browns Investments
1180:Access Engineering
1149:Nations Trust Bank
530:Hotel Sigiriya PLC
522:Dolphin Hotels PLC
461:revealed that the
418:Shangri-La Colombo
394:investment company
144:Ishara Nanayakkara
2051:
2050:
1996:Sri Lanka Telecom
1982:Telecommunication
1775:Personal Products
1764:Sunshine Holdings
1683:Cargills (Ceylon)
1636:Trans Asia Hotels
1554:Consumer Services
1428:Brown and Company
1392:Swisstek (Ceylon)
1320:
1283:
1282:
1255:Sri Lanka Telecom
1190:Brown and Company
1056:
732:Wijeya Newspapers
564:
563:
432:textile plant in
422:bullish prospects
303:
302:
105:Hatton, Sri Lanka
2091:
1942:Vallibel Finance
1907:Capital Alliance
1749:Lanka Milk Foods
1611:TAL Lanka Hotels
1596:Jetwing Symphony
1433:Colombo Dockyard
1316:
1310:
1303:
1296:
1287:
1052:
1043:
1042:
1031:
1024:
1017:
1008:
1002:Official website
989:
988:
986:
984:
969:
963:
962:
960:
958:
950:The Sunday Times
940:
934:
933:
931:
929:
924:. 2 January 2022
922:Upali Newspapers
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493:Holding company
473:
430:state of the art
426:apparel industry
291:
288:
286:
250:
249:
235:
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228:
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184:
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175:Operating income
164:
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102:
100:
95:
74:
29:
22:
2099:
2098:
2094:
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2088:
2054:
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2047:
2043:Overseas Realty
2021:
2000:
1983:
1977:
1973:Union Assurance
1946:
1895:
1819:
1810:Lanka Hospitals
1792:
1786:
1774:
1768:
1687:
1666:
1640:
1586:Hayleys Leisure
1549:
1525:Ambeon Holdings
1513:
1497:
1468:Renuka Holdings
1401:
1377:Dipped Products
1350:
1329:
1314:
1284:
1279:
1210:Dipped Products
1168:
1057:
1037:
1035:
998:
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971:
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699:Sunday Observer
691:
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658:
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606:
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601:
594:
589:
572:
471:
457:carried out by
446:
387:
353:who arrived in
343:
317:holding company
299:
283:
251:597 (2023)
243:
224:
207:
194:
177:
152:
137:
130:
126:
98:
96:
93:
83:Holding company
70:
51:
32:
17:
12:
11:
5:
2097:
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1598:
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1591:Hunas Holdings
1588:
1583:
1578:
1576:Citrus Leisure
1573:
1568:
1563:
1557:
1555:
1551:
1550:
1548:
1547:
1542:
1537:
1535:Hayleys Fabric
1532:
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1512:
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1485:
1480:
1478:Royal Ceramics
1475:
1470:
1465:
1460:
1455:
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1448:Hemas Holdings
1445:
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1154:Royal Ceramics
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1121:
1116:
1111:
1109:Hemas Holdings
1106:
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996:External links
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825:
812:dailymirror.lk
799:
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759:dailymirror.lk
745:
734:. 14 July 2012
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645:. 21 June 2021
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455:forensic audit
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2018:
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2013:
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2009:
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1997:
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1991:Dialog Axiata
1989:
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1969:
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1932:LOLC Holdings
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1871:Pan Asia Bank
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1836:Cargills Bank
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1773:Household and
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1699:Bairaha Farms
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114:James Brown
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1831:Amana Bank
1759:Melstacorp
1418:ACL Cables
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1124:LB Finance
917:The Island
864:Daily News
638:Daily News
587:References
554:Agstar PLC
476:Subsidiary
406:ICRA Lanka
385:Operations
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136:Key people
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321:Sri Lanka
129:Sri Lanka
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570:See also
560:Trading
274:See text
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1443:Hayleys
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1062:Current
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957:28 June
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896:28 June
870:28 June
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818:28 June
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670:LMD 100
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312:, is a
280:Website
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