CIC Holdings

What CIC Holdings does

CIC Holdings PLC is a Sri Lankan public conglomerate incorporated in 1964 and listed on the Colombo Stock Exchange (tickers CIC.N0000 voting, CIC.X0000 non-voting), headquartered at 199 Kew Road, Colombo 2. The group operates five business segments — Crop Solutions, Agri Produce, Livestock Solutions, Healthcare & Personal Care, and Industrial Solutions — through 19 wholly-owned subsidiaries and approximately 39 production, warehouse, sales and retail locations across Sri Lanka. Employee count is in the 1,001-5,000 range. Customers span rural out-grower farmers, government and private healthcare providers, modern-trade retailers (Keells, Cargills), food-and-beverage manufacturers (CIC's CISCO Packaging supplies approximately 50% of leading carbonated soft drink and mineral water brands), individual consumers via Fresheez outlets, and industrial accounts.

CIC's core products cluster around agricultural inputs (seeds, fertilizer, crop protection via CIC Seeds, Crop Guard, CIC Agri Businesses), produce (Cavendish bananas, rice, dairy under the Creamoo brand via Danish-technology processing in Dambulla), livestock (7,000 MT/month feed mill, 23.8M eggs/year hatchery, 20,000 birds/day poultry processing, Vetcare vaccines and parasiticide products), healthcare (Link Natural's 200+ herbal SKUs, CIC Life Sciences' NMRA-approved pharmaceutical manufacturing in Welisara, CIC Medical Devices distributing Smith+Nephew, Estar Medical and eLife products), and industrial solutions (Chemanex specialty chemicals, AkzoNobel Paints Lanka, Nalco Water, CISCO PET packaging). Distribution combines direct field sales to farmers and healthcare clients, distributor networks for industrial chemicals and agri inputs, modern trade partnerships, retail storefronts (7 Fresheez locations) and online (Link Natural e-commerce).

The group holds a Fitch AA+(lka) credit rating, GMP and ISO certifications across virtually all operating subsidiaries, and a 1,300-acre seed farm acquired via long-term government lease in Hingurakgoda. Revenue trajectory shows acceleration from approximately LKR 142 billion in 2022 to LKR 291 billion in 2026, accompanied by a five-for-one share subdivision in FY2025/26. Pricing is not publicly disclosed; transactions are B2B/B2C by direct quotation. Strategic positioning is described internally as the only Sri Lankan company managing the entire agri value chain from seed to shelf.

Name

CIC Holdings

Legal name

CIC Holdings PLC

Website

https://cic.lk

Company type

Public

Founded year

1964

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

CIC Holdings PLC is a Sri Lankan conglomerate operating across Crop Solutions, Agri Produce, Livestock Solutions, Healthcare & Personal Care, and Industrial Solutions, serving farmers, healthcare providers, manufacturers, and consumers through wholly-owned subsidiaries and approximately 39 domestic locations.

Ownership category

akta.pro rank

Product category

Agri and Healthcare Conglomerate

NAICS

Management of Companies and Enterprises (551), Management of Companies and Enterprises (55111), Chemical and Allied Products Merchant Wholesalers (4246), Poultry and Poultry Product Merchant Wholesalers (42444), Food Manufacturing (311)

SIC

Wholesale-Chemicals & Allied Products (5160), Pharmaceutical Preparations (2834), Beverages (2080), Agricultural Prod-Livestock & Animal Specialties (200), Wholesale-Groceries, General Line (5141)

akta.pro primary industry

Veterinary Distributor Value-Added Services (3PL, Cold Chain, Returns) (HLAMAIAG)

akta.pro secondary industry

Food & Beverage Process & CIP/Sanitation Chemicals (IMAEAJAK)

Keywords

• Agricultural inputs distribution
• Animal feed manufacturing
• Pharmaceutical manufacturing
• Specialty industrial chemicals
• Herbal personal care

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices19 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Crop Solutions: Revenue from seeds, plant nutrition, plant protection products, specialty agri inputs, research and development services, laboratory services, digital and technology services, and advisory services to farmers.
2. Agri Produce: Revenue from quality rice processing and sales, dairy products (yoghurts, curd), fresh produce (Fresheez outlets), banana and mango production, and agri holiday resort services.
3. Livestock Solutions: Revenue from poultry feed manufacturing, day-old chick operations, poultry production and processing, and veterinary care products including vaccines, medicines, and pet care products.
4. Healthcare & Personal Care: Revenue from pharmaceutical products and manufacturing, medical devices (surgical equipment, wound care, diagnostics), and herbal healthcare and personal care products (over 200 products including Link Samahan, Sudantha, Kesha).
5. Industrial Solutions: Revenue from industrial chemicals and binders for paint industry, water management solutions (Nalco Water), specialty packaging (PET bottles), construction materials (AkzoNobel Paints), and pigment and additive supply through Chemanex.

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

CIC Holdings PLC is a diversified Sri Lankan conglomerate manufacturing and distributing agricultural inputs (seeds, fertilizers, crop protection), livestock products (animal feed, day-old chicks, broiler processing, veterinary care), agri produce (rice, dairy, fresh produce through Fresheez retail outlets, and an agri-tourism resort), healthcare and personal care products (NMRA-approved pharmaceuticals, herbal/Ayurvedic products, and medical devices), and industrial solutions (binders, specialty chemicals, PET packaging, paints, and water management). The company operates 16 wholly-owned subsidiaries and 39 production and distribution sites, claiming end-to-end control of the agri value chain from seed to shelf.

Product overview

CIC Holdings PLC is a diversified Sri Lankan conglomerate operating across five major business segments: Crop Solutions, Livestock Solutions, Health and Personal Care, Industrial Solutions, and Agri Produce. The company positions itself as managing the entire agri value chain from seed to shelf. Key products include agricultural inputs (seeds, fertilizers, crop protection via CIC Seeds, Crop Guard, CIC Agri Business), fresh produce (Fresheez retail outlets, quality rice, dairy via CIC Dairies/Creamoo, banana and mango), livestock solutions (CIC Feeds animal feed, DOC operations, CIC Poultry farming and processing, CIC Vetcare veterinary products), healthcare (Link Natural herbal products with 200+ SKU range, CIC Life Sciences pharmaceutical manufacturing, CIC Medical Devices distributing Smith+Nephew/Estar Medical/eLife products), and industrial solutions (CIC Industrial Chemicals, Chemanex specialty chemicals, CISCO Speciality Packaging PET bottles, AkzoNobel Paints distribution, Nalco Water distribution). The company also operates CIC Agri Holiday Resort for agri-tourism.

Differentiator

Problem solved

Functional benefit

Brands

• Link Samahan: Flagship herbal healthcare brand including Samahan cold remedy, SP Balm
• Link Sudantha
• Link Kesha
• Swastha Amurtha
• Crampgard Plus
• Musclegard
• FIVEHERBS
• Creamoo
• Fresheez
• CIC Quality Banana
• CIC Surgical
• CIC Life Sciences
• CIC Agri Holiday Resort
• AkzoNobel Paints Lanka

Products and services

• CIC Crop Solutions End-to-end agricultural input and advisory segment encompassing seeds and planting materials, plant nutrition (fertilizers and speciality agri inputs), plant protection (crop protection chemicals through Crop Guard), laboratory services, digital/technology services, and advisory services for Sri Lankan farmers and out-grower networks.
• Fresheez Retail Outlets Company-operated retail outlets selling fresh vegetables, fruits, dairy products (yoghurts, authentic curd), fresh fruit juices, salads, and ready-to-eat meals; the Jawatte outlet offers the full range and is supported by 6 additional locations primarily for made-to-order juices and farm-purchased produce.
• Creamoo Dairy Products Creamoo-branded premium dairy range including set yoghurts, drinking yoghurts, and dairy desserts, processed at CIC Dairies' Rangiri Milk Processing Center in Dambulla using Danish technology and milk sourced from company-owned farms and farmer networks; ISO 22000:2018 certified.
• CIC Feeds Animal feed manufacturing business producing high-quality poultry and livestock feeds at a hi-tech, fully automated feed mill in Ja-Ela with 7,000 MT monthly capacity, plus day-old chicks distribution serving commercial poultry farmers across Sri Lanka.
• CIC Poultry Operations Vertically integrated poultry operation covering grandparent and broiler breeding farms, a fully automated hatchery, and a slaughterhouse with 20,000 birds-per-day processing capacity; supplies processed chicken to Sri Lankan retail and food-service customers.
• CIC Vetcare Veterinary pharmaceutical and care product line for poultry and companion animals. Supplies vaccines, medicines, feed additives, equipment, disinfectants, diagnostic kits, and pet anti-parasitic brands such as Frontline and Nexgard; CIC Vetcare leads Sri Lanka's pet care parasiticide market.
• Link Natural Healthcare and Personal Care Herbal and Ayurvedic pharmaceutical, healthcare, and personal care product portfolio of over 200 SKUs sold under brands including Link Samahan, SP Balm, Link Sudantha, Link Kesha, Swastha Amurtha, Crampgard Plus, Musclegard, FIVEHERBS, and Thriphala; manufactured at Dompe plant under ISO 9001/14001/22000, FSSC 22000, ISO 45001/50001, HACCP, and GMP certifications.
• CIC Life Sciences Pharmaceuticals Local pharmaceutical manufacturing of NMRA-approved, GMP-certified tablets and capsules from the Welisara plant, including new molecule development for Sri Lankan private and state-sector markets; supplies both branded generics and imports partnerships with globally established pharmaceutical brands.
• CIC Medical Devices Distribution and supply of medical devices to government and private hospitals, covering orthopaedics, maxillofacial surgery, trauma, endoscopy, wound care, and in-vitro diagnostics; offers Smith+Nephew wound management and sports medicine, Estar Medical PRP/Cellenis systems, and eLife Orthopaedic supports.
• CISCO Speciality Packaging Specialty PET bottle and rigid packaging manufacturer producing containers, recycling solutions, printing and labeling services for domestic and export markets; supplies approximately 50% of Sri Lanka's leading carbonated soft drink and mineral water brands.
• Chemanex Specialty Chemicals Specialty chemicals trading and supply business providing pigments and additives for paint/coating industries, processing chemicals for estates, dry rubber and latex industry chemicals, home/personal care additives, plastic additives, food additives, and packaging accessories.
• CIC Industrial Chemicals Industrial chemicals production and supply line led by binder manufacturing for the paint industry at the Panagoda plant; supplies complementary industrial chemicals to textile, rubber, plastic, ink, packaging, and food and beverage manufacturers in Sri Lanka.
• AkzoNobel Paints Lanka Operating company for AkzoNobel decorative paints and performance coatings in Sri Lanka (formerly ICI Paints); offers consumer and industrial paint lines drawing on AkzoNobel's global technology and sustainability leadership.
• Nalco Water Distribution Distribution of Nalco Water (Ecolab) water management, antimicrobial technologies, equipment dispensing, and monitoring services for Sri Lankan food & beverage and energy industries.
• CIC Agri Holiday Resort (Windsor Park) Agri-tourism resort within the 1,380-acre Hingurakgoda farm offering farm tours, cycling, fishing, jeep safaris, bird watching, cookery demonstrations, conference facilities, swimming pool, restaurant and bar, and seven air-conditioned cabanas.
• CIC Quality Banana and Mango CIC Agri Produce Marketing's Cavendish banana and mango cultivation spanning 75 acres in Hingurakgoda and Pelwehera producing approximately 1,100 MT annually, distributed through modern trade (Keells, Cargills) and farm-gate sales.
• CIC Quality Rice Processed quality rice produced and marketed by CIC's agricultural produce operations, using paddy from CIC Seeds and other approved sources, processed at Mahawa and other facilities for retail sale.
• CIC Seeds Production and supply of certified seed paddy and vegetable seeds from the 1,300-acre Hingurakgoda seed production farm (the largest in Sri Lanka) and other seed operations at Mahawa, Malwanegama, Welimada, and Embilipitiya.
• Crop Guard Plant Protection Crop Guard (Pvt) Ltd delivers plant protection products and crop management services to Sri Lankan farmers as part of CIC's Crop Solutions segment.

Quantifiable outcome

• Strong financial performance in 1HFY26 with growth across core business segments despite delayed rainfall affecting Maha cultivation season
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Nalco Water (Ecolab)coreTechnology or IntegrationNalco Water, an Ecolab company, is a global leader in water and process management solutions. They work with CIC across industries to help minimize water and climate impacts while maximizing outcomes at optimized total cost. CIC distributes Nalco Water products in Sri Lanka.
• Smith&NephewcoreTechnology or IntegrationSmith+Nephew is a portfolio medical technology company focused on repair, regeneration and replacement of soft and hard tissue. CIC distributes their Advanced Wound Management and Sports Medicine products in Sri Lanka, providing comprehensive solutions for acute and chronic wounds, minimally invasive surgery, and trauma.
• AkzoNobel PaintscoreStrategic or Co-development PartnerAkzoNobel Paints Lanka (formerly ICI Paints) is part of the largest coatings manufacturer, ranked number one in decorative paints and performance coatings. Has been ranked number one on Dow Jones Sustainability Index for four consecutive years. CIC operates AkzoNobel Paints Lanka.
• ChemanexcoreStrategic or Co-development PartnerChemanex PLC is a subsidiary of CIC Holdings, building strong reputation for supplying high quality specialty chemicals. Strategic partnership with global players to provide innovative solutions for local industries including paint, coating, rubber, home/personal care, food and packaging sectors.
• Globally Established Pharmaceutical BrandscoreTechnology or IntegrationCIC's Pharmaceuticals Unit has built strong ties with globally established pharmaceutical brands to supply a wide range of pharmaceutical products to serve the healthcare needs of Sri Lankans.
• Nutrition Society of Sri LankaminorStrategic or Co-development PartnerMOU signed for formulation and dissemination of child nutrition guidelines for young children between 5 and 10 years old in Sri Lanka.
• World's Top Poultry Vaccine ProducerscoreTechnology or IntegrationCIC Vetcare sources only the highest-quality products from trusted global partners who are world's top producers of poultry and veterinary vaccines.
• Leading Physicians and Financial InstitutionsminorStrategic or Co-development PartnerCIC Pharmaceuticals department launched public healthcare awareness programs via physical and digital platforms in partnership with leading physicians and leading financial institutions.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Hemas Holdings: Sri Lankan diversified conglomerate with consumer health, personal care, hospitality and FMCG businesses; the closest direct peer given similar multi-segment domestic Sri Lanka model.
• Cargills (Ceylon) PLC: Diversified Sri Lankan conglomerate spanning retail (Food City), dairy, and agriculture; directly comparable as a domestic multi-vertical Sri Lanka platform including modern trade and dairy.
• Richard Pieris & Company: Sri Lankan conglomerate with rubber, plastics, retail and consumer goods; comparable diversified Sri Lanka operating model with manufacturing and distribution.
• Haycarb PLC: Sri Lankan listed manufacturer (activated carbon) with diversified industrial and plantation operations; useful peer for the industrial-chemicals leg of CIC's portfolio.

Broad incumbents

• Charoen Pokphand Foods: Global integrated feed-to-food animal protein and aquaculture major; comparable in vertical integration across feed, hatchery, broiler and processed poultry.
• Cargill (Animal Nutrition & Protein): Global agribusiness giant with animal nutrition, poultry, and food ingredients; provides a benchmark for scaled feed milling, hatchery and protein processing economics.
• Bayer Crop Science: Global seeds and crop protection major; relevant benchmark for CIC Crop Solutions in seeds, plant nutrition and crop protection inputs.
• Syngenta: Global crop protection and seeds company; provides a global benchmark for Crop Solutions SBU economics and crop protection portfolio depth.

Emerging players

• Dabur India: Large Ayurvedic and herbal FMCG company in South Asia; comparable in branded herbal/consumer health product strategy and distribution depth to Link Natural.

Others

• Akzo Nobel: Global paints and coatings leader whose brand CIC operates in Sri Lanka; comparable as the principal whose local franchise CIC runs through AkzoNobel Paints Lanka.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cicholdings

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CIC Holdings