Sino Lanka

What Sino Lanka does

Sino Lanka is a privately held Sri Lankan diversified conglomerate and private equity enterprise founded in 1993. Originally a garment manufacturer that exited the sector in 2008, it now operates over 15 independently managed subsidiaries across eight sectors—hospitality, education, healthcare, renewable energy, automotive EV, property development, financial services, and information technology—spanning Sri Lanka and Bangladesh. The holding company itself reports 101–250 employees, with operating subsidiaries including three Radisson-branded hotels in Sri Lanka, two Evercare super-specialty hospitals in Bangladesh (895 total beds), a network of financial services firms under the LankaBangla banner (top stock broker on DSE/CSE for 16 consecutive years, 47 branches), K-12 and higher-education institutions (ISD, Glenrich, UCL, UCBD) offering international qualifications, the Synogen renewable energy business, the Evolution Auto multi-brand EV showroom, and the IT platforms EduSight.ai and RadiantIQ. Sino Lanka's revenue model is therefore a hybrid conglomerate construct: hospitality and EV generate transactional and hardware sales revenue, hospitals and education produce fee-for-service and subscription/tuition revenue, financial services generate transaction and lending fees, and renewable energy projects produce usage-based power revenue.

Core technology is concentrated in two homegrown AI platforms launched in 2024: EduSight.ai, which applies conversational AI, NLP, predictive analytics, and real-time engagement tooling to student enrollment and education management (K-12, universities, vocational schools, with LMS integration); and RadiantIQ, an IoT- and cloud-based AI energy management platform that ingests wind, solar, and storage telemetry and converts it into operational and ESG insights. These platforms are commercially meaningful but represent a small share of the group's overall revenue base relative to its physical-asset businesses. Customer segments are split between consumer-facing (students, patients, hotel guests, EV buyers, retail investors) and enterprise/B2B (corporate EV buyers, institutional brokerage clients, utility-scale solar counterparties). Pricing is not publicly disclosed at the group level; each subsidiary maintains its own pricing structure. Distribution is operated on a per-subsidiary basis—Radisson leverages its global reservation system for hospitality, hospitals run direct patient intake, LankaBangla operates 47 physical and digital branches, and EV sales rely on an integrated showroom-plus-after-sales model.

The conglomerate is family-controlled: founder/Chairman Bob Kundanmal, Managing Director Dhiren Kundanmal, and Director Kushal Kundanmal. The 2020 partnership with Blackstone ($1.3T AUM) and TPG ($120B AUM) to rebrand Apollo Hospital Dhaka as Evercare Hospital Dhaka was a landmark external validation and capital event, signaling institutional comfort with the underlying healthcare assets. Bangladesh operations sit under STS Group, the regional holding entity established in 1997.

Name

Sino Lanka

Legal name

Sino Lanka

Website

https://sinolanka.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

Sino Lanka is a privately held Sri Lankan conglomerate and private equity enterprise founded in 1993, operating over 15 independently managed subsidiaries across hospitality, healthcare, education, financial services, renewable energy, EV, property, and information technology in Sri Lanka and Bangladesh.

Ownership category

akta.pro rank

Product category

Diversified Conglomerate

NAICS

Offices of Other Holding Companies (551112), Portfolio Management and Investment Advice (523940)

SIC

Non-Operating Establishments (9995), Investment Advice (6282)

akta.pro primary industry

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

akta.pro secondary industry

Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD)

Keywords

• Diversified conglomerate
• Hospitality services
• Financial services
• Healthcare services
• Renewable energy

Headquarters

HQ city

Rajagiriya

HQ country

Sri Lanka

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Hospitality Services: Revenue from hotel operations including Radisson properties in Colombo, Galle, and Kandy, plus boutique city hotel Royal Park Residence in Dhaka and Sesaya Poshtel concept in Sri Lanka.
2. Healthcare Services: Revenue from two super-specialty tertiary care hospitals in Bangladesh with 895 total beds. Services include advanced medical technology, diagnostics, and surgical treatments.
3. Education Services: Revenue from K-12 institutions (ISD, Glenrich International School) and higher education partnerships (UCL, UCBD) offering international qualifications from Monash College, University of London/LSE, UCLan, Torrens University, and NCC Education UK.
4. Renewable Energy Generation: Revenue from Synogen's sustainable energy solutions including rooftop and ground-mounted solar power projects strengthening Sri Lanka's national grid.
5. Financial Services: Revenue from LankaBangla Finance (non-banking financial services, loans, leasing, consumer finance), LankaBangla Securities (stock brokerage, ranked top broker for 16 years on DSE and CSE), and LankaBangla Investments (fund management, investment advisory).
6. Electric Vehicle Sales and Services: Revenue from Evolution Auto's multi-brand EV showroom and integrated after-sales network, introducing globally recognized EV brands to Sri Lanka.
7. Property Development and Management: Revenue from Sino Lanka Property Holdings' commercial, residential, and mixed-use developments; Sesaya's co-working and co-living spaces for professionals and digital nomads.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Sino Lanka Group is a privately-held diversified Sri Lankan conglomerate operating over 15 independently managed companies across 8 sectors in Sri Lanka and Bangladesh. Its portfolio includes Radisson-branded hotels, international K-12 and higher education institutions, JCI-accredited tertiary-care hospitals (Evercare), non-banking financial services (LankaBangla), solar power projects (Synogen), a multi-brand electric vehicle showroom (Evolution Auto), commercial and residential property developments, and proprietary AI platforms (EduSight.ai for education, RadiantIQ for renewable energy).

Product overview

Sino Lanka is a diversified Sri Lankan conglomerate operating as a private equity enterprise with over 15 independently operated companies across 8 sectors (Hospitality, Education, Healthcare, Renewable Energy, Automotive EV, Property Development, Financial Services, Information Technology). The company operates two distinct product portfolios: (1) AI-powered IT platforms including EduSight.ai for university recruitment and student enrollment automation, and RadiantIQ for renewable energy management and ESG analytics; and (2) portfolio companies spanning financial services (LankaBangla Finance, LankaBangla Securities, LankaBangla Investments), healthcare (Evercare Hospital Dhaka and Chattogram), education (Universal College Lanka, Universal College Bangladesh, International School Dhaka, Glenrich International School), hospitality (Radisson hotels, Sesaya Poshtel), renewable energy (Synogen), electric mobility (Evolution Auto), and property development (Sino Lanka Property Holdings). The conglomerate's strategy emphasizes digital innovation and sustainability-driven ventures through its technology subsidiary focused on AI, analytics, and automation.

Differentiator

Problem solved

Functional benefit

Brands

• Evolution Auto: Electric vehicle sector brand under Sino Lanka Group for EV mobility in Sri Lanka
• Gamma Extract
• RadiantIQ
• EduSight
• Sesaya
• Sino Lanka Property Holdings

Products and services

• EduSight.ai AI-powered university recruitment and education management platform using conversational intelligence, predictive analytics, real-time analytics, and centralized engagement tools across K-12, universities, and vocational schools, with LMS integration.
• RadiantIQ AI-powered energy management platform leveraging IoT and cloud infrastructure to optimize wind, solar, and storage portfolios by transforming complex asset data into actionable insights.
• LankaBangla Finance PLC Leading non-banking financial institution in Bangladesh providing loans, leasing, and consumer finance with innovation and customer-centric solutions.
• LankaBangla Securities PLC Top-ranked stock brokerage in Bangladesh, operating as top broker on Dhaka Stock Exchange and Chittagong Stock Exchange for 16 consecutive years, with 47 branches and digital booths nationwide and ISO 9001:2015 certification.
• LankaBangla Investments PLC Fund management and investment advisory firm offering capital market solutions for individuals, institutions, and corporate clients in Bangladesh.
• Evercare Hospital Dhaka 425-bed multidisciplinary super-specialty tertiary-care hospital in Bangladesh, the first in the country to receive Joint Commission International (JCI) accreditation, offering advanced medical technology and tertiary care services.
• Evercare Hospital Chattogram 470-bed multidisciplinary super-specialty tertiary-care hospital spanning 492,000 square feet with over 500 healthcare professionals, transforming healthcare in Chattogram.
• Radisson Hotel Colombo Globally acclaimed Radisson brand hotel in Colombo, part of Sino Lanka's three-property hospitality portfolio in Sri Lanka.
• Radisson Blu Resort Galle Coastal resort under the Radisson brand in Galle, offering luxury hospitality experiences.
• Radisson Hotel Kandy Radisson brand hotel in Kandy, part of Sino Lanka's elevated hospitality portfolio.
• Sesaya Poshtel & Bistro Upscale poshtel concept combining boutique hotel amenities with co-working and co-living spaces tailored for professionals, entrepreneurs, and digital nomads.
• Universal College Lanka (UCL) Higher education institution in Colombo offering internationally recognized academic programs in partnership with Monash College, University of Central Lancashire, Torrens University, and NCC Education UK.
• Universal College Bangladesh (UCBD) Premier transnational education provider in Dhaka offering international qualifications through partnerships with Monash College, University of London (LSE academic direction), UCLan, and NCC Education UK.
• International School Dhaka (ISD) Bangladesh's first IB World School offering Primary Years, Middle Years, and Diploma Programs on a 5.5-acre campus serving 32 nationalities.
• Glenrich International School Top-tier K-12 institution with campuses in Satarkul and Uttara, following the 'School of Life' philosophy with 21st-century learning approach serving over 1,300 students.
• Synogen Renewable energy company focused on sustainable power generation through efficient energy solutions, contributing to Sri Lanka's national grid and transition toward a greener future.
• Evolution Auto Electric vehicle initiative introducing globally recognized EV brands including AVATR, XPeng, IM Motors, Riddara, King Long, Mahindra Last Mile Mobility, Ather, and Revolt through Sri Lanka's first multi-brand EV showroom and integrated after-sales network.
• Sino Lanka Property Holdings Real estate development company leading Sri Lanka's commercial, residential, and mixed-use development landscape through high-value projects with focus on quality, sustainability, and urban innovation.
• Eduko Pathways Overseas university placement service guiding students in accessing global higher education opportunities, with operations in Sri Lanka and Bangladesh.

Quantifiable outcome

• Top broker for 16 consecutive years on DSE and CSE
• +3 more outcomes

Named customers8 records

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature2 records

Partnerships

20 partnerships are on record, tiered core and flagship.

• Radisson Hotel GroupcoreStrategic or Co-development PartnerGlobal hotel brand partnership where Sino Lanka's three Sri Lankan properties (Colombo, Galle, Kandy) operate under the Radisson brand, setting hospitality benchmarks in Sri Lanka.
• London School of Economics (LSE)flagshipStrategic or Co-development PartnerAcademic partnership where LSE provides academic direction for University of London programs offered through UCL and UCBD institutions, enabling access to world-class economics education.
• University of LondonflagshipStrategic or Co-development PartnerPartnership enabling Sino Lanka's education institutions (UCL, UCBD) to offer University of London degrees with LSE academic direction, expanding international higher education access.
• Monash CollegeflagshipStrategic or Co-development PartnerPartnership providing pathway programs through UCL and UCBD, enabling students to access Monash University qualifications from Sri Lanka and Bangladesh.
• University of Central Lancashire (UCLan)flagshipStrategic or Co-development PartnerPartnership offering University of Central Lancashire programs through Sino Lanka's education institutions, providing UK university pathways in South Asia.
• EvercarecoreStrategic or Co-development PartnerEvercare Hospital Network operates as a major healthcare partnership across Bangladesh, managing 895 beds through Dhaka and Chattogram facilities under Sino Lanka Group's portfolio.
• LONGi SolarcoreTechnology or IntegrationSolar technology partner for Synogen's renewable energy projects, providing solar panels and technology for rooftop and ground-mounted solar installations in Sri Lanka.
• SungrowcoreTechnology or IntegrationSolar inverter and storage technology partner supporting Synogen's renewable energy solutions, enhancing solar project efficiency and performance.
• Canadian SolarcoreTechnology or IntegrationSolar module supplier for Synogen's renewable energy projects, providing quality solar panels for Sri Lanka's solar installations.
• SoliscoreTechnology or IntegrationSolar inverter partner for Synogen's projects, providing inverter technology for solar power generation systems.
• AVATRcoreChannel Partner/ Reseller/ DistributorElectric vehicle brand partnership through Evolution Auto, bringing AVATR EVs to Sri Lanka's market through the first multi-brand EV showroom.
• XPengcoreChannel Partner/ Reseller/ DistributorElectric vehicle brand partnership through Evolution Auto, distributing XPeng EVs in Sri Lanka through integrated showroom and after-sales network.
• IM MotorscoreChannel Partner/ Reseller/ DistributorElectric vehicle brand partnership through Evolution Auto for distributing IM Motors EVs in Sri Lanka.
• RiddaracoreChannel Partner/ Reseller/ DistributorElectric vehicle brand partnership through Evolution Auto, adding Riddara EVs to the Sri Lankan multi-brand portfolio.
• King LongcoreChannel Partner/ Reseller/ DistributorElectric vehicle brand partnership through Evolution Auto, distributing King Long EVs in Sri Lanka.
• Mahindra Last Mile MobilitycoreChannel Partner/ Reseller/ DistributorElectric vehicle brand partnership through Evolution Auto, bringing Mahindra's last-mile mobility solutions to Sri Lanka.
• AthercoreChannel Partner/ Reseller/ DistributorElectric vehicle partnership for two-wheeler EVs through Evolution Auto, expanding Sri Lanka's EV ecosystem.
• RevoltcoreChannel Partner/ Reseller/ DistributorElectric vehicle brand partnership for electric motorcycles through Evolution Auto in Sri Lanka.
• Sampath BankcoreChannel Partner/ Reseller/ DistributorBanking partner for LankaBangla Finance in Bangladesh, providing financial services and investment support.
• One BankcoreChannel Partner/ Reseller/ DistributorBanking partner for LankaBangla Finance in Bangladesh, supporting financial services operations.

Scale indicators12 records

Recent moves31 records

Expansion highlights6 records

Direct peers

• Hemas Holdings: Sri Lankan diversified group operating across healthcare (hospitals and diagnostics), FMCG, leisure, and mobility. Closely comparable to Sino Lanka given overlapping healthcare and consumer-services verticals and a similar diversified South Asia strategy.
• John Keells Holdings: Sri Lanka's largest listed conglomerate spanning hospitality, transportation, consumer foods, and financial services. Most direct comparable in terms of multi-sector Sri Lankan holding-company structure, regional brand partnerships, and listed-conglomerate governance.
• Melstacorp: Sri Lankan conglomerate holding significant stakes in Distilleries, plantations, power, and financial services. Comparable diversified-holding model with multiple operational subsidiaries operating across unrelated sectors.
• IDLC Finance: Bangladesh-listed non-banking financial institution offering leasing, corporate finance, and investment advisory. Direct comparable to LankaBangla Finance/Securities/Investments within Sino Lanka's financial-services vertical.
• Softlogic Holdings: Sri Lankan conglomerate with healthcare (Asiri Hospitals), retail, ICT, automotive, and financial services. Closely comparable to Sino Lanka's healthcare-hospital, EV-distribution, and financial-services mix.
• Aitken Spence: Sri Lankan conglomerate with hotels, tourism, logistics, and power generation. Comparable to Sino Lanka's hospitality (Radisson portfolio) and renewable energy (Synogen) verticals and its dual-country Sri Lanka/Maldives operating footprint.
• Browns Investments: Sri Lankan diversified holding company with interests in healthcare, plantations, real estate, and power. Closely matches Sino Lanka's diversified-investment holding structure and emerging-market private-equity orientation.

Broad incumbents

• Reliance Industries: Indian conglomerate with energy, telecom, retail, and digital services. Comparable as a South Asian diversified enterprise with renewables and consumer-facing operations, though materially larger and more diversified than Sino Lanka.
• BRAC: Bangladesh-headquartered diversified enterprise spanning microfinance, education, healthcare, and social enterprises. Comparable to Sino Lanka given overlap in Bangladeshi healthcare and education verticals and the diversified holding-company model.
• Tata Group: India's largest conglomerate spanning software, steel, automotive, hospitality, and financial services. Comparable only at the diversified-holding-company framework level; vastly larger scale and more institutionalized governance.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries19 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 Sino Lanka