Metrocorp

What Metrocorp does

Metrocorp (Pvt) Ltd. is a privately held, family-controlled diversified investment company headquartered in Colombo, Sri Lanka, operating six principal business units: agro industry and tea marketing, renewable energy, water management, luxury hospitality, portfolio and securities management, and office automation. The group traces its tea operations to Bogawantalawa Tea Estates with over 150 years of heritage in Ceylon tea production, while subsidiaries were incorporated across multiple decades — Megatech in 1984, Eco Power Holdings in 1997, Tea Trails in 2003 — and the Ambani family controls the group through holding entities Metropolitan Resource Holdings Limited and Metropolitan Holdings (Pvt) Limited.

Core operations span producing over 7 million kilograms of tea annually across 13 estates covering 3,500 hectares, generating 37 MW of installed mini hydropower capacity (representing 12% of Sri Lanka's small hydro capacity as of 2015), and operating boutique luxury resorts including Tea Trails, billed as the world's first tea bungalow resort. Tea products are exported to global supermarket chains and food and beverage distributors under private label arrangements, while hydropower capacity is supplied to the Ceylon Electricity Board under long-term arrangements and, increasingly, into East Africa. The group holds a dense stack of sustainability credentials including Rainforest Alliance, Fair Trade, SA 8000, HACCP, ISO 9001:2000, BRC, Net Zero Energy, and the world's first Uncompensated Climate Positive Tea certification.

The business model combines B2B commodity production (tea exports, hydropower generation, agricultural inputs via Lush Agro) with B2C luxury hospitality (Ceylon Bungalows), EPC and O&M services for third-party hydropower investors, investment banking via Areva Investments, and office automation distribution via Metropolitan Technologies and Office Network. Revenue mechanics therefore span direct export sales to enterprise retail customers, private label supply contracts, government utility contracts for renewable energy, project services for power plant investors, and direct consumer bookings for hospitality. Geographic operations span Sri Lanka, Uganda, Rwanda, and Kenya, with international marketing presence at Gulfood Dubai, the IDH Living Wage Summit in Brussels, the Food Services Expo in Chile, and the Colombo International Tea Convention. The group states total cumulative investments exceeding USD 200 million but does not disclose revenue or profitability figures.

Name

Metrocorp

Legal name

Metrocorp (Pvt) Ltd.

Website

https://metrocorp.net

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

11–50 employees

Short description

Metrocorp is a privately held, family-controlled Sri Lankan diversified investment company operating across tea production, mini hydropower, water management, luxury hospitality, asset management, and office automation, serving global retail, utility, and consumer markets.

Ownership category

akta.pro rank

Product category

Diversified Investment Holdings (Tea, Renewable Energy, Water, Hospitality, Investment Banking)

NAICS

Hydroelectric Power Generation (221111), Coffee and Tea Manufacturing (31192), Management of Companies and Enterprises (55), Utilities (221)

SIC

Electric, Gas & Sanitary Services (4900), Beverages (2080)

akta.pro industry

PRIMARYEUAEAAAD

Hydropower Plant EPC (Dam, Run-of-River, Pumped Hydro Civil Works)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Power Generation EPC & Construction

SECONDARYEUAMAHAF

Hydropower Turbines, Generators & Balance-of-Plant Equipment Manufacturing

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable Equipment & Component Manufacturing (Modules, Turbines, Inverters, Towers, Blades)

Keywords

• Tea production export
• Mini hydropower generation
• Water management services
• Investment banking services
• Luxury resort hospitality

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Tea Production and Export: Bogawantalawa Tea Estates produces over 7 million kilos of tea per annum. Bogawantalawa Tea Ceylon exports tea and tea-related products including Herbal, Fruit and spice blends to global supermarket chains and food & beverage distributors.
2. Hydropower Generation and Services: Eco Power Holdings generates renewable energy from mini hydropower plants and provides Engineering, Procurement and Construction (EPC) contracts and Operations and Management (O&M) services for other investors with or without ownership stake.
3. Water Management Services: Megatech provides water purification, distribution, sewerage, waste water treatment and discharge services along with Turnkey solutions for Electromechanical content.
4. Portfolio and Securities Management: Areva Investments manages equity and debt investments, structures and places debenture issues and structured debt products, manages equity issues, fund mobilization and provides investment advisory services.
5. Luxury Hospitality: Ceylon Bungalows operates boutique luxury resorts including Tea Trails (world's first tea bungalow resort), beach villas, river bungalows, and waterfall bungalows across Sri Lanka.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

Metrocorp is a diversified Sri Lankan investment company that operates multiple business units: tea production, blending, and export through Bogawantalawa Tea Estates and Bogawantalawa Tea Ceylon; mini hydropower generation and EPC/O&M services through Eco Power Holdings; water purification, sewerage, and wastewater treatment through Megatech; luxury boutique hospitality through Ceylon Bungalows; investment banking and securities management through Areva Investments; and office automation through Metropolitan Technologies. Total group investments exceed USD 200 million with operations in Sri Lanka and East Africa.

Product overview

Metrocorp is a diversified investment company operating multiple business units across distinct sectors. The portfolio includes Bogawantalawa Tea Estates PLC and Bogawantalawa Tea Ceylon Pvt Ltd for tea production and exports, Lush Agro for agricultural inputs, Eco Power Holdings for renewable hydropower energy, Megatech and K P Projects for water management solutions, Areva Investments for portfolio and securities management, Ceylon Bungalows for leisure/hospitality, and Metropolitan Technologies/Office Network for office automation. These operate as distinct business units under the Metrocorp umbrella rather than a unified platform product.

Differentiator

Problem solved

Functional benefit

Brands

• Bogawantalawa Tea Estates: Tea growing, manufacturing and marketing company, world's first Uncompensated Climate Positive Tea Company certified for product and facility. Manages 13 estates spread over 3500 hectares producing over 7 million kilos of tea per annum.
• Eco Power Holdings
• Megatech
• Areva Investments
• Ceylon Bungalows
• Metropolitan Technologies
• Lush Agro
• Ceylon Tea Trails

Products and services

• Bogawantalawa Tea Estates PLC (BTE) Tea growing, manufacturing, and marketing across 13 estates covering 3,500 hectares, producing over 7 million kilos of tea per annum from more than 50 million tea bushes. World's first Uncompensated Climate Positive Tea Company with end-to-end product and facility certification. Supplies bulk and value-added tea to global supermarket chains, food and beverage distributors, and private label buyers.
• Bogawantalawa Tea Ceylon Pvt Ltd (BTC) Tea export and value-added services arm of Bogawantalawa, producing a range of blends, flavoured teas, herbal, fruit and spice blends, and consumer-friendly packaging options for global supermarket chains, large food and beverage distributors, and international private label brands.
• Eco Power Holdings Ltd Sri Lanka's single largest mini hydropower company, operating eleven hydropower plants in Sri Lanka and East Africa with 37 MW of installed generation capacity. Delivers electricity to the Ceylon Electricity Board and provides Engineering, Procurement and Construction (EPC) contracts and Operations and Management (O&M) services to other power investors. Plants are run-of-river design and registered under the Kyoto Protocol to supply Carbon Emission Reduction Credits.
• Ceylon Bungalows Collection of boutique luxury resorts and private bungalows in scenic locations across Sri Lanka, including Tea Trails (the world's first tea bungalow resort) in the Bogawantalawa hills, beach villas in Wadduwa, river bungalows, and waterfall bungalows. Targeted at upscale travelers, family getaways, and small group retreats seeking off-the-beaten-track luxury.
• Megatech (Pvt) Ltd ISO certified water management company providing water purification and distribution, sewerage, wastewater treatment and discharge services, as well as complete turnkey solutions for electromechanical content for water and infrastructure projects.
• K P Projects International (Pvt) Ltd Provides water supply and sewerage equipment products and the installation and commissioning of drinking water and sewerage plants for infrastructure projects.
• Areva Investments Ltd Investment banking solutions provider operating in both equity and debt markets. Services include structuring, managing and placing debenture issues and structured debt products, managing equity issues, fund mobilization, and investment advisory services across equities, fixed income securities, and property.
• Metropolitan Technologies (Pvt) Ltd / Office Network Office automation solutions provider, distributing office products and equipment to build highly efficient and effective working environments for enterprise and SME customers.

Quantifiable outcome

• 37 MW installed generation capacity representing 12% of Sri Lanka's small hydro capacity
• +3 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• IDH (Initiative for Sustainable Trade)coreStrategic or Co-development Partner · 1 January 2024Bogawantalawa Tea Ceylon participated in the IDH Living Wage Summit in Brussels alongside representatives from Superunie and Twining's. The company shared their extensive experience in implementing the 'living wage process' on their plantations as part of IDH's ongoing efforts to secure living wages through the Roadmap on Living Wages.
• SuperunieminorStrategic or Co-development PartnerPartnered with Bogawantalawa at the IDH Living Wage Summit in Brussels focused on international alignment and practical solutions for realistic wages.
• Twining'sminorStrategic or Co-development PartnerPartnered with Bogawantalawa at the IDH Living Wage Summit in Brussels focused on international alignment and practical solutions for realistic wages.
• SligrominorStrategic or Co-development PartnerDisability Management project commenced in March 2015 in association with Sligro partnering with Liliane Fonds, focusing on Disability Management in the estates managed by Bogawantalawa.
• Liliane FondsminorStrategic or Co-development PartnerDisability Management project in association with Sligro partnering with Liliane Fonds, focusing on management and rehabilitation of disabled children and youth in Bogawantalawa estates.
• ALMA Tetra Pak CompanyminorStrategic or Co-development PartnerLanka Mother and Child Support Foundation in association with ALMA Tetra Pak Company began supporting education of girls under 10 years affected by the 2004 tsunami disaster, supporting educational expenses of selected girls.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Tata Consumer Products (Tata Tea): Major multinational tea producer and brand owner with global reach. Comparable in tea plantations, manufacturing, and exports but operates at significantly larger scale and with branded as well as private-label business.
• John Keells Holdings: Largest Sri Lankan conglomerate with plantation, leisure, and infrastructure operations including a major tea business. Comparable diversified holding model with similar agro-tourism-finance portfolio structure.
• Aitken Spence PLC: Sri Lankan conglomerate with plantation, tourism, and logistics operations. Comparable diversified structure and family/legacy ownership model serving as a relevant peer for portfolio comparison.

Direct peers

• Resplendent Ceylon: Sri Lankan luxury boutique hotel operator with multiple high-end properties in scenic locations. Direct competitor to Ceylon Bungalows in the luxury experiential hospitality segment targeting international travelers.
• Hayleys PLC: Sri Lankan diversified conglomerate with plantation, renewable energy, and engineering businesses. Operates similar diversified holding model with multiple subsidiaries across agro, power, and industrial sectors, based in the same Colombo market.
• Watawala Plantations PLC: Sri Lankan plantation company managing tea, rubber, and palm oil estates across multiple regions. Directly comparable to Bogawantalawa Tea Estates in plantation scale, crop mix, and Sri Lankan export markets.
• Dilmah (MJF Group): Sri Lanka-based tea producer, packer, and exporter with similar vertically integrated operations, sustainability focus, and global distribution. Direct competitor in single-origin Ceylon tea markets and direct competitor to Bogawantalawa Tea Estates.
• Vidullanka PLC: Sri Lankan renewable energy developer focused on small hydro, biomass, and solar projects. Operates in the same mini-hydropower niche as Eco Power Holdings within the Sri Lankan power market.
• Finlays (Swire / Swire Pacific): Global tea producer with significant Sri Lankan operations (Agalawatte, Kandapola estates) and a beverage solutions business. Direct competitor in bulk tea exports and private-label tea solutions for global FMCG brands.

Regional players

• Laurus Investments (Lanka): Sri Lankan investment and securities management firm comparable to Areva Investments in the Colombo asset management market, serving institutional and high-net-worth clients across equity, fixed income, and structured products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries13 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 Metrocorp