JXG
JXG (Janashakthi Group) is a Sri Lankan financial conglomerate operating through Janashakthi Life, First Capital Holdings, and Janashakthi Finance, delivering life insurance, investment banking, and non-banking finance solutions to individuals, enterprises, and institutions across Sri Lanka.
- Company typePublic
- Founded1990
- HeadquartersColombo, Sri Lanka
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What JXG does
JXG (Janashakthi Group) is a publicly listed Sri Lankan financial conglomerate headquartered in Colombo, operating across three core verticals: life insurance (Janashakthi Life), investment banking (First Capital Holdings PLC), and non-banking finance (Janashakthi Finance PLC). Founded in the early 1990s by C.T.A. Schaffter, who established Sri Lanka's first specialized life insurance company, the group has grown through strategic acquisitions and organic expansion to serve individuals, enterprises, and institutions across Sri Lanka through 76+ branches and multiple digital channels. Following its April 2026 IPO on the Colombo Stock Exchange Main Board, JXG raised LKR 5 billion to fund expansion into general insurance, microfinance, and regional markets.
The group's product portfolio includes life insurance products with extended eligibility up to age 80, investment banking services as a primary dealer with corporate finance advisory, wealth management and stockbroking, and non-banking financial services including fixed deposits, leasing, gold loans, and corporate financing. Technology infrastructure includes an internal Learning Management System for employee development and an integrated financial services platform enabling cross-vertical client engagement. First Capital operates with over Rs. 96.2 billion in Assets Under Management as of March 2026.
JXG generates revenue through insurance premiums (LKR 2.6 billion GWP with 42% growth in 2025), transaction and advisory fees from investment banking, interest income from a LKR 32.96 billion lending portfolio (up 48% YoY), and recurring asset management fees. The group reports 1,001-5,000 employees distributed across operating subsidiaries, with a 59% female workforce and 93% Great Place To Work certification reflecting strong organizational culture. 1H FY26 revenue reached LKR 15.8 billion (+43.6% YoY) with net profit of LKR 3.4 billion (+43.6% YoY).
JXG firmographics
Firmographics- Name
- JXG
- Legal name
- Janashakthi Group
- Website
- https://jxg.lk
- Company type
- Public
- Founded year
- 1990
- Operating status
- Ipo
- Headcount range
- 101–250 employees
- Short description
- JXG (Janashakthi Group) is a Sri Lankan financial conglomerate operating through Janashakthi Life, First Capital Holdings, and Janashakthi Finance, delivering life insurance, investment banking, and non-banking finance solutions to individuals, enterprises, and institutions across Sri Lanka.
- Ownership category
- akta.pro rank
JXG industry classification
Industry- Product category
- Diversified Financial Services
- NAICS
- Finance and Insurance (52), Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239), Open-End Investment Funds (525910)
- SIC
- Life Insurance (6311), Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)
- akta.pro primary industry
- Private Client/High-Net-Worth Advisory (FSAEAAAN)
- akta.pro secondary industries
- Equipment & Asset Finance (SME) (FSAKAGAF), Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)
Keywords
Where JXG is headquartered
LocationHeadquarters
- HQ city
- Colombo
- HQ country
- Sri Lanka
- HQ region
- Asia
Offices2 records
Markets served
JXG business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Insurance Premiums (Janashakthi Life): Life insurance products generating premium income. Janashakthi Life is Sri Lanka's first specialised life insurer with over 30 years of legacy. GWP grew 42% to LKR 2.6Bn with 67% growth in New Business in 2025.
- Investment Banking Fees (First Capital): Revenue from primary dealer operations, corporate finance advisory, wealth management, stock brokering, and trading gains from government securities and equities. Primary Dealer and Corporate Debt Securities businesses delivered strong operational performance.
- Finance and Leasing Income (Janashakthi Finance): Interest income from lending portfolio, leasing, gold loans, corporate financing, and deposit mobilization. Loans and Receivables Portfolio grew 48% YoY to Rs. 32.96 billion as of 31 March 2026.
- Unit Trust and Asset Management: Wealth management fees from managing unit trusts and assets under management. Assets Under Management stood at Rs. 96.2Bn as of 31 March 2026 through First Capital Asset Management.
Go-to-market motion4 records
Distribution channels4 records
Marketing channels6 records
JXG product offering
Product offeringCore offering
JXG is a Sri Lankan financial conglomerate that operates three integrated business verticals: Janashakthi Life (life insurance, including pioneering extended entry age coverage up to 80), First Capital Holdings PLC (investment banking, primary dealing, corporate finance advisory, wealth management, stock broking and unit trust/asset management with Rs. 96.2Bn AUM), and Janashakthi Finance PLC (deposits, leasing, gold loans and corporate financing with a Rs. 32.96 billion loans and receivables portfolio).
Product overview
JXG (Janashakthi Group) is a Sri Lankan financial conglomerate operating an integrated model across three core verticals: insurance (Janashakthi Life), investment banking (First Capital Holdings PLC), and non-banking finance (Janashakthi Finance PLC). The Group delivers innovation and growth at scale, serving households and businesses across Sri Lanka. Its integrated structure enables clients to access capital markets expertise, financing, and life insurance solutions within a single conglomerate framework. The Group's roots trace back to the early 1990s when its founder established Sri Lanka's first specialized life insurance company.
Differentiator
Problem solved
Functional benefit
Products and services
- Janashakthi Life Insurance Life insurance coverage, protection and financial security solutions for Sri Lankan individuals, households and businesses, including pioneering extended entry age coverage up to 80 and maturity benefits up to age 90.
- First Capital Investment Banking Services Primary dealer operations, corporate finance advisory, wealth management, stock broking and asset management (unit trusts) for corporates, institutional investors and high-net-worth individuals. Manages Rs. 96.2Bn AUM as of 31 March 2026.
- Janashakthi Finance Non-Banking Financial Services Non-banking financial services including fixed deposits, savings accounts, leasing, gold loans, alternative finance solutions and corporate financing for individuals, families and small businesses. Loans and Receivables Portfolio of Rs. 32.96 billion as of 31 March 2026.
Quantifiable outcome
- 43.6% year-on-year increase in 1H FY26 profit to LKR 3.4 billion
- +5 more outcomes
Companies that use JXG
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
JXG technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
JXG partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- President's FundcoreHealthcare partnership for children under eighteen under theme 'Safeguarding Today to Shape Tomorrow'. Janashakthi Foundation provides financial top-up contributions for treatments approved by the President's Fund, contributing either an equal amount or remaining balance. Supports both local and overseas treatments with applications processed monthly.
- People's BankcoreStrategic bancassurance partnership through MoU enabling customers to access life insurance solutions via People's Bank's extensive branch network islandwide. The partnership enhances financial protection and broadens access to Janashakthi Life insurance products for a wider customer base across Sri Lanka.
- UN Global Compact (UNGC), UN Women Empowerment Principles (WEP)coreFirst investment institution in Sri Lanka to join UNGC and UN Women's Empowerment Principles, reinforcing commitment to ethical governance, gender inclusion, and sustainable finance practices. Part of First Capital's sustainability leadership in Sri Lanka's capital markets.
- Partnership for Carbon Accounting Financials (PCAF)coreFirst investment institution in Sri Lanka to join PCAF, advancing climate transparency and carbon accounting for financed emissions. First Capital will focus on operationalising PCAF-aligned financed emissions baseline.
- UN Principles for Responsible Investment (PRI)coreFirst Capital Asset Management Limited became Sri Lanka's first corporate entity to join UN PRI, demonstrating commitment to responsible investment practices and ESG integration.
- WNPS PLANT InitiativeminorPartnership for forest restoration efforts in Sri Lanka's central highlands as part of First Capital's environmental stewardship and sustainability commitment.
- Foundation of GoodnesscorePartnership for Monaragala Village Heartbeat Empowerment Centre, extending Foundation of Goodness's model of bringing facilities, skills development, and holistic education into disadvantaged communities. Supports self-empowerment, reduces inequality, and uplifts standards of living through 22 Empowerment Centres reaching over 1 million beneficiaries from 1000+ villages.
- United Nations Development Programme (UNDP) Sri LankaminorDiscussions ongoing with UNDP Sri Lanka to explore partnership opportunities on addressing gender-based violence following the 'She Saw Stars' campaign Gold Dragon award. Campaign tackled domestic violence using visual metaphor and increased calls to hotlines.
- Postgraduate Institute of Management (PIM)corePartnership for eXplore Leadership Development Programme, PIM's Leadership Development Programme delivered on site at PIM. Second consecutive edition with 21 participants from across all JXG business units. 10 modules focused on contemporary management proficiencies through case studies, project work, and real-world business challenges over seven months.
- Women In Need, CCC LineminorGender-based violence helpline partners whose call volumes increased significantly following the 'She Saw Stars' awareness campaign. JXG and Janashakthi Foundation partnered with these organisations to address domestic violence through financial empowerment and awareness.
- Central Bank of Sri Lanka (CBSL), Securities and Exchange Commission (SEC), Insurance Regulatory Commission (IRCSL)coreOngoing regulatory relationships maintained through dialogue with CBSL, SEC, and IRCSL. JXG participates in industry committees and training initiatives. As a financial conglomerate spanning insurance, investment banking, and finance, regulatory engagement is critical to operations.
Scale indicators13 records
Recent moves8 records
Expansion highlights6 records
JXG competitors and assessment
Company assessmentDirect peers
- Central Finance (Sri Lanka): Central Finance is a leading Sri Lankan NBFC specializing in leasing, hire purchase, and deposits. Directly comparable to Janashakthi Finance's core leasing, gold loan, and deposit-mobilization business within the same domestic market.
- DFCC Bank: DFCC is a Sri Lankan development and commercial bank with associated NBFC and investment banking operations. Its diversified financial services footprint across lending, capital markets, and project finance is structurally comparable to the integrated role of Janashakthi Finance and First Capital within JXG.
- LOLC Holdings: LOLC is Sri Lanka's largest diversified financial conglomerate spanning insurance (Life and General), microfinance, leasing, investment banking, and asset management. It is the closest direct peer to JXG given the parallel integrated multi-vertical structure across insurance, finance, and capital markets.
- HNB Assurance / Hatton National Bank Group: HNB Group combines one of Sri Lanka's largest commercial banks with a listed life insurer (HNB Assurance), creating a bancassurance-anchored integrated financial services structure comparable to JXG's insurance-plus-finance-plus-capital-markets combination.
- Softlogic Holdings: Softlogic is a Sri Lankan conglomerate with significant financial services exposure including life insurance (Softlogic Life) and NBFC operations, alongside retail, healthcare, and ICT. The integrated financial services plus diversified holding structure is highly comparable to JXG's three-pillar model.
Broad incumbents
- AIA Group: AIA is Asia's largest pan-Asian life insurance group with extensive bancassurance, agency distribution, and digital insurance capabilities. Comparable as a broad incumbent defining industry benchmarks for product innovation and extended-age coverage that Janashakthi Life is now emulating in Sri Lanka.
- John Keells Holdings: John Keells is Sri Lanka's largest listed conglomerate with insurance (Union Assurance) and other financial services within a broad consumer, property, and transportation portfolio. Comparable to JXG as a conglomerate housing a life insurance vertical, though at significantly larger scale.
Regional players
- Union Assurance: Union Assurance is a Sri Lankan life insurer owned by the John Keells Group, competing directly with Janashakthi Life in life insurance products, bancassurance distribution, and brand positioning within the same domestic market.
- Ceylinco Life: Ceylinco Life is one of Sri Lanka's leading life insurers operating as part of the Ceylinco conglomerate. It directly competes with Janashakthi Life in the same domestic market with overlapping life insurance products and similar branch-led distribution.
Emerging players
- ICICI Prudential Life Insurance: ICICI Prudential is a listed life insurer from India combining life insurance with asset management and bancassurance via ICICI Bank. Comparable to JXG as a bancassurance-anchored life insurance plus wealth management model in an emerging South Asian market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
JXG social profiles
Digital presenceJXG financial estimates
Financial estimateRevenue estimate
Valuation estimate
JXG leadership team
Management profileNumber of profiles
Profiles15 records
JXG subsidiaries and ownership
Company hierarchySubsidiaries4 records
JXG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
JXG M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about JXG
What does JXG do?
JXG is a Sri Lankan financial conglomerate that operates three integrated business verticals: Janashakthi Life (life insurance, including pioneering extended entry age coverage up to 80), First Capital Holdings PLC (investment banking, primary dealing, corporate finance advisory, wealth management, stock broking and unit trust/asset management with Rs. 96.2Bn AUM), and Janashakthi Finance PLC (deposits, leasing, gold loans and corporate financing with a Rs. 32.96 billion loans and receivables portfolio).
Is JXG a public or private company?
JXG is a public company. It is classified as public and is currently ipo.
When was JXG founded?
JXG was founded in 1990. It employs 101 to 250 people.
Where is JXG based?
JXG is headquartered in Colombo, Sri Lanka, in the Asia region.
How does JXG make money?
Four revenue lines are on record. Insurance Premiums (Janashakthi Life) is the primary driver. The others are investment Banking Fees (First Capital), finance and Leasing Income (Janashakthi Finance) and unit Trust and Asset Management.
Who are JXG's main competitors?
Direct peers on record are Central Finance (Sri Lanka), DFCC Bank, LOLC Holdings, HNB Assurance / Hatton National Bank Group and Softlogic Holdings. Broad incumbents are AIA Group and John Keells Holdings. Regional players are Union Assurance and Ceylinco Life. ICICI Prudential Life Insurance is listed as an emerging player.
Does JXG have an API?
No public API is recorded for JXG.
What industry is JXG in?
JXG's product category is Diversified Financial Services. Its primary akta.pro industry code is FSAEAAAN, Private Client/High-Net-Worth Advisory, with a secondary code of FSAKAGAF, Equipment & Asset Finance (SME). Its NAICS code is 52 and its SIC code is 6311.