News & market updates

First Capital Holdings PLC (CFVF.N0000) won two awards at the 12th Annual Capital Market Awards 2024: Bronze for Best Unit Trust Fund (First Capital Money Market Fund) and Silver for Best Equity Research Report (on JAT Holdings). First Capital is a subsidiary of Janashakthi Limited (JXG.N0000).

First Capital Holdings PLC won two awards at the 12th Annual Capital Market Awards 2024: Bronze for Best Unit Trust Fund (First Capital Money Market Fund) and Silver for Best Equity Research Report (Manusha Kandanaarachchi's report on JAT Holdings). First Capital is a subsidiary of Janashakthi Limited.

Nagarro hosted 'Navigate 2025', convening over 50 Sri Lankan BFSI leaders to discuss adopting technologies such as Agentic/Generative AI, small language models, intelligent process automation and quantum computing. Softlogic Life reported 75% of hospitalisation claims are settled within two minutes and 35% processed without human intervention.

First Capital Holdings PLC (CFVF.N0000) has educated over 1,775 university students across Sri Lanka through its investED financial-literacy programme. The subsidiary of Janashakthi Limited (JXG.N0000) offers one-hour sessions on money management, investing and navigating market volatility at major universities.

The Sri Lanka Institute of Directors will hold a Family Business Forum on 17 June 2025 at Cinnamon Grand Colombo, partnered by the SEC, CSE and KPMG to discuss succession planning, governance and pathways to public listing. Speakers include executives from Hemas, Janashakthi, NDB Capital and Sampath Bank, with a keynote by KPMG's Daniel Trimarchi.

Orient Finance PLC has rebranded as Janashakthi Finance PLC to align with parent Janashakthi Group and strengthen market presence and service capabilities. The company says all existing accounts and services will continue without disruption.

Janashakthi Finance PLC reported a 34% rise in total assets to LKR 27.4 billion for FY2024/25. Loans and advances rose 41% to LKR 22.0 billion, deposits climbed 17% to LKR 16.0 billion, net profit increased 6.68% to LKR 371.80 million and impairment charges fell to LKR 90.7 million.

Janashakthi Finance PLC (formerly Orient Finance PLC) has formally rebranded under the Janashakthi Group to strengthen its market identity; all customer accounts and services remain unchanged and the company retains its Central Bank licence and a BB+ (Positive Outlook) rating from Lanka Rating Agency.

Janashakthi Insurance PLC (Janashakthi Life) posted 49% YoY growth in Q1 2025 Gross Written Premiums to LKR 1,830m and reported net profit of LKR 292m. Regular FYP rose 86%, New Business Premiums +78%, total assets LKR 38,849m and claims paid LKR 782m.

First Capital Holdings PLC (CFVF.N0000) has upgraded its partnership with CFA Society Sri Lanka to Gold Sponsor. The JXG (Janashakthi Group) subsidiary said the move underscores its commitment to capital market development, professional education and industry engagement.

Janashakthi Limited (JXG) is reviving the 'CIMA – JXG Pinnacle Awards' on 11 June 2025 at Cinnamon Life, returning the awards after 18 years. The event, in partnership with AICPA & CIMA Sri Lanka, will span eight categories (including Business Leader and CFO of the Year) to recognise corporate excellence.

Janashakthi Limited (JXG.N0000) is reviving the Iconic business awards as the 'CIMA - JXG Pinnacle Awards 2025', to be held on 11 June 2025 at Cinnamon Life. The event, originally initiated by Janashakthi Insurance (JINS.N0000), will feature eight award categories recognising corporate leadership and innovation.

First Capital Holdings PLC was named Winner in the Investment Banking category at the Best Management Practices Company Awards 2025. The firm is a subsidiary of Janashakthi Limited (JXG).

Janashakthi Limited (JXG.N0000) will again be the title sponsor of the JXG – Battle of the Golden Blues cricket match between St. Joseph Vaz College and St. Anthony’s College on April 25–26, 2025 at P. Saravanamuttu International Cricket Stadium.

Janashakthi Limited (JXG.N0000) received the Best Management Practices Company (BMPC) 2025 Award for the Diversified Group of Companies from CPM Sri Lanka. The award recognises the group's workplace transformation—including relocation to Mireka Towers, an open-office hybrid model—and its use of management strategies, ESG and technology to boost productivity.

Janashakthi Life (Janashakthi Insurance PLC) reported LKR 5.7 billion profit before tax for the period, its second consecutive year above LKR 5 billion. Revenue grew 44% with premiums over LKR 6.6 billion; total assets were LKR 38 billion and capital adequacy exceeded 277%.

Janashakthi Limited (JXG) concluded the second eXplore Leadership Development Programme, a seven-month PIM-run course attended by 21 managerial staff. The 10-module programme used case studies, projects and final presentations to develop leadership competencies and propose solutions to business challenges.

Janashakthi Limited (JXG) outlines its evolution as a diversified financial conglomerate operating insurance, finance and leasing through subsidiaries Janashakthi Insurance (JINS), First Capital (CFVF) and Janashakthi Finance (BFN). The profile highlights leadership, workplace awards, innovation efforts and the Janashakthi Foundation's philanthropy.

Janashakthi Group (JXG) reported group revenue of LKR 18.34 billion and EBIT of LKR 6.18 billion for the nine months ended 31 Dec 2024. Key subsidiaries—First Capital Holdings (revenue LKR 10.72bn, PAT LKR 4.53bn; First Capital Treasuries held LKR 66.19bn in govt securities), Janashakthi Insurance (GWP +44%, PAT LKR 3.53bn) and Orient Finance (PAT LKR 254m)—drove performance and the group was upgraded to BBB- by LRA.

Janashakthi Group (JXG) reported group revenue of Rs.18.34 billion and EBIT of Rs.6.18 billion for the nine months to 31 Dec 2024. Key contributors were First Capital Holdings (Rs.10.72bn), Janashakthi Insurance (Rs.4.89bn) and Orient Finance (Rs.3.52bn), and the group received a BBB- LRA rating.

Janashakthi Limited (JXG) launched the JXG Management Trainee Programme 2025, an 18-month cross-functional training initiative exposing trainees to Insurance, NBFI, Investment and shared services to develop future leaders.

Janashakthi Group (JXG) held Long Service Awards recognizing employees with 15- and 25-year service milestones; 25-year awardees received a sovereign gold coin bearing the JXG logo and 15-year awardees received a half sovereign.

First Capital Holdings PLC won the SLIM Brand Excellence 2024 'Brand of the Year' award and also received three other awards (Service Brand Gold; Local Brand Silver; B2B Brand Bronze). The company credited its digital transformation and customer-focused investment solutions for the recognition.

First Capital Holdings PLC won the SLIM Brand Excellence Awards 2024 'Brand of the Year' and three additional awards (Service Brand Gold, Local Brand Silver, B2B Brand Bronze). Janashakthi Group's CMO commented on and welcomed the recognition.

WCIC’s ‘Ramp Up! 2024’ fashion fundraiser will be held on 12 November at the Hilton Colombo, showcasing over 100 collections to support female designers and women-led SMEs; sponsors include Hatton National Bank (official banking partner) and Janashakthi Group.

Janashakthi Limited (JXG.N0000) held a Breast Cancer Awareness Month webinar with Asiri Health in October 2024 to educate employees; the initiative was extended across group units including Janashakthi Insurance.

Janashakthi Insurance Company PLC reported H1 2024 gross written premiums up 45% and other operating revenue up 111% year‑on‑year. The company also paid over LKR 2.2bn in claims, distributed LKR 3bn in dividends and saw market capitalisation rise 43%.

Millennium Toastmasters Club held its 25th installation at Cinnamon Lakeside on 27 July 2024; Tharindu Ameresekere was installed as president and Ramesh Schaffter, MD & CEO of JXG Group, served as chief guest.

Millennium Toastmasters Club held its 25th installation at Cinnamon Lakeside on 27 July 2024, with Tharindu Ameresekere installed as president and Ramesh Schaffter (MD & CEO of Janashakthi) as chief guest.

Janashakthi Limited appointed Dilshan Wirasekara as Group Deputy CEO; he will continue as Managing Director & CEO of First Capital Holdings PLC. Wirasekara brings over 28 years' experience in financial services and capital markets to support the Group's growth plans.