First Capital

Investment Bankingfirstcapital.lk

Company typePublic
Founded1992
HeadquartersColombo, Sri Lanka
Headcount101–250
GTM typeB2B and B2C
OfferingServices

First Capital firmographics

Firmographics

Name: First Capital
Legal name: First Capital Holdings PLC
Website: https://firstcapital.lk
Company type: Public
Founded year: 1992
Operating status: Operating
Headcount range: 101–250 employees
Ownership category
akta.pro rank

First Capital industry classification

Industry

Product category: Investment Banking
NAICS: Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Open-End Investment Funds (52591)
SIC: Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
akta.pro primary industry: Equity Capital Introduction & Prime Services (FSACAFAK)
akta.pro secondary industries: Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit) (FSAAABAI), Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI), Small-Cap Equity (Active) (FSAAAIAC)

Keywords

Investment banking services
Unit trust management
Stock brokering
Corporate finance advisory
Wealth management services

Where First Capital is headquartered

Location

Headquarters

HQ city: Colombo
HQ country: Sri Lanka
HQ region: Asia

Offices6 records

Markets served

First Capital business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

Trading Income - Government Securities: Primary Dealer division generates trading gains from government securities portfolio. First Capital Treasuries PLC serves as Sri Lanka's first non-bank Primary Dealer appointed by the Central Bank of Sri Lanka, contributing substantial trading income through government securities trading.
Trading Income - Equities: Corporate Dealing Securities and Advisory division generates trading gains from equity portfolio management. Stock Brokering division also contributes through commission on equity transactions.
Net Interest Income: Interest income generated from the government securities portfolio and fixed income instruments. Primary Dealer and Corporate Dealing Securities divisions contribute net interest income.
Unit Trust Management Fees: First Capital Asset Management Limited (FCAM) manages six unit trusts (Wealth Fund, Money Market Fund, Equity Fund, Gilt-Edged Fund, Money Plus Fund, Fixed Income Fund) and charges management fees. Assets under management stood at Rs. 112Bn as of March 2025.
Corporate Finance Advisory: Corporate finance and advisory services including IPO facilitation, capital raising, strategic advisory, and financial restructuring for corporate clients.
Stock Brokering: Equity trading services through First Capital Equities providing access to the Colombo Stock Exchange with commission-based revenue model.
Private Wealth Management: Bespoke wealth management services for high-net-worth investors including portfolio management and investment advisory.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels9 records

First Capital product offering

Product offering

Core offering

First Capital Holdings PLC is a full-service investment institution in Sri Lanka operating across five business lines: (1) Primary Dealing in government securities through First Capital Treasuries PLC, the country's first non-bank Primary Dealer licensed by the Central Bank of Sri Lanka; (2) Unit Trust management via First Capital Asset Management Limited running six funds (Wealth, Money Market, Equity, Gilt-Edged, Money Plus, Fixed Income); (3) Stock Brokering on the Colombo Stock Exchange via First Capital Equities; (4) Corporate Finance & Advisory including IPO facilitation, capital raising, M&A and restructuring; and (5) Private Wealth Management for high-net-worth individuals. The group serves retail investors, HNW individuals, SMEs, and institutional clients across Sri Lanka through six branches and digital platforms.

Product overview

First Capital is a Sri Lanka-based diversified financial services group offering a comprehensive suite of investment products and services. The portfolio consists of six unit trusts (Wealth Fund, Money Market Fund, Equity Fund, Gilt-Edged Fund, Money Plus Fund, and Fixed Income Fund) managed by First Capital Asset Management; government securities and corporate debt solutions through its primary dealer operations; stock brokering services for Colombo Stock Exchange trading; private wealth management for high-net-worth clients; and corporate finance and advisory services. These offerings are supported by digital platforms including an online trading portal, WhatsApp service channel, and ATrad integration for real-time stock trading. First Capital Holdings operates as the parent holding company, with subsidiaries including First Capital Treasuries PLC (primary dealer), First Capital Asset Management Limited, First Capital Equities Private Limited, and First Capital Advisory Services. The company leverages its 40+ year market presence and digital capabilities to serve retail, institutional, and corporate investors across Sri Lanka.

Differentiator

Problem solved

Functional benefit

Products and services

First Capital Wealth Fund A professionally managed unit trust portfolio designed to grow wealth over time through diversified investments in equities and fixed income instruments. Offered to retail and HNW investors.
First Capital Money Market Fund An open-ended money market fund offering investors short-term liquidity and stable returns through investments in treasury bills, commercial paper and other money market instruments. For retail and institutional investors.
First Capital Equity Fund An equity-focused unit trust providing investors with exposure to Sri Lanka's stock market through a professionally managed portfolio of listed equities on the Colombo Stock Exchange. For investors seeking equity returns.
First Capital Gilt-Edged Fund A fixed income unit trust investing primarily in government securities, offering investors stable returns with low risk through exposure to Sri Lanka Treasury Bills and Bonds. For conservative investors.
First Capital Money Plus Fund A hybrid money market fund combining short-term securities with longer-dated instruments to generate enhanced returns while maintaining liquidity. For investors seeking better-than-money-market returns.
First Capital Fixed Income Fund An open-ended income fund investing primarily in government securities, investment-grade corporate debt instruments and fixed deposits, targeting investors seeking stable medium-term returns. As of March 2026 it delivered the highest 5-year CAGR among open-ended income funds in Sri Lanka.
Government Securities Government-backed securities including Treasury Bills and Bonds issued via the Central Bank of Sri Lanka. First Capital, as Sri Lanka's first non-bank Primary Dealer, provides access to these secure fixed income investments for institutional and retail clients.
Stock Brokering Equity trading services providing investors access to buy and sell shares on the Colombo Stock Exchange, supported by research insights, market analysis and ATrad real-time trading integration. For retail, HNW and institutional investors.
Private Wealth Management Comprehensive wealth management services for high-net-worth investors offering personalized investment strategies, portfolio management and financial planning tailored to individual lifestyle, ambitions, risk comfort and legacy priorities.
Corporate Finance & Advisory Investment banking services providing strategic insights and tailored solutions for corporate growth, including capital raising, M&A advisory, IPO facilitation and strategic financing solutions. For corporate clients and SMEs.
Corporate Dealing Securities Corporate debt solutions including repos and structured financing, providing tailored strategies to optimize liquidity and manage risk effectively for institutional clients and corporate treasuries.
First Capital Advisory Services (SME Advisory) SME-focused advisory services launched to support small and medium enterprises in improving market visibility, strengthening governance and enhancing business value through strategic financing options including public listings and private partnerships. For SMEs and mid-market corporates.
IPO Platform Digital platform facilitating Initial Public Offering subscriptions, providing prospectus downloads and application forms for retail, non-retail and employee investor categories. For investors seeking participation in IPOs.
Online Portal First Capital's online trading platform enabling investors to track their investment portfolio, monitor earnings, payouts and portfolio splits through a digital interface. For unit trust and managed-portfolio investors.
First Capital Invest WhatsApp Channel WhatsApp-based investment service enabling customers to conduct unit trust transactions and access investment support through instant messaging, including account opening with a minimum of Rs. 1,000. For retail investors seeking mobile-first access.

Quantifiable outcome

Highest 5-year CAGR among open-ended income funds in Sri Lanka as of 31 March 2026 - First Capital Fixed Income Fund
+1 more outcomes

Companies that use First Capital

Customer profile

Named customers5 records

Segments6 records

Ideal customer profiles4 records

First Capital technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

First Capital partnerships and signals

Strategic signal

Partnerships

Ten partnerships are on record, tiered core and minor.

Partnership for Carbon Accounting Financials (PCAF)coreStrategic or Co-development Partner · 17 October 2025First Capital Holdings PLC became Sri Lanka's first capital markets institution to join PCAF, adopting the global framework to measure and disclose financed emissions associated with its financial activities, aligning with SLFRS S2 and global climate goals.
Ceylon Chamber of CommercecoreStrategic or Co-development Partner · 23 May 2025First Capital Advisory Services (Pvt) Ltd joined Scale Up 2025 National SME Forum as Official Business Advisory Partner, unveiling SME-focused advisory services.
Colombo Stock ExchangecoreStrategic or Co-development Partner · 23 May 2025First Capital Advisory Services engaged in panel discussion alongside Colombo Stock Exchange at Scale Up 2025, discussing SME access to capital markets.
United Nations Global Compact (UNGC)coreStrategic or Co-development Partner · 1 January 2025First Capital became Sri Lanka's first investment institution to join the UN Global Compact, reinforcing its commitment to ethical governance and sustainable finance practices.
UN Women's Empowerment Principles (WEP)coreStrategic or Co-development Partner · 1 January 2025First Capital became Sri Lanka's first investment institution to join the UN Women's Empowerment Principles, demonstrating commitment to gender inclusion.
UN Principles for Responsible Investment (PRI)coreStrategic or Co-development Partner · 1 January 2025First Capital Asset Management Limited became Sri Lanka's first corporate entity to join the UN PRI, strengthening sustainability integration in investment decisions.
Sustainability Standards & Certification Initiative (SSCI)coreStrategic or Co-development Partner · 1 January 2025First Capital became the first investment institution globally to receive Certificate of Acceptance from SSCI by the European Organisation for Sustainable Development.
WNPS PLANT InitiativeminorStrategic or Co-development Partner · 1 January 2025First Capital partnered with WNPS PLANT initiative to support forest restoration efforts in Sri Lanka's central highlands, including environmental leadership programmes on plastic pollution prevention and marine conservation.
Hatch (Startup Nation)minorStrategic or Co-development Partner · 1 January 2025First Capital Startup Nation collaboration with Hatch supporting entrepreneurship and youth development in Sri Lanka's startup ecosystem.
JXG (Janashakthi Group)coreStrategic or Co-development PartnerFirst Capital Holdings PLC is a subsidiary of JXG (Janashakthi Group), acquired in 2018. JXG comprises Janashakthi Life, First Capital, and Janashakthi Finance, reporting strong internal culture metrics with 93% Great Place To Work score.

Scale indicators21 records

Recent moves8 records

Expansion highlights7 records

First Capital competitors and assessment

Company assessment

Broad incumbents

Nations Trust Bank PLC: Sri Lankan commercial bank with wealth management, treasury and capital-markets offerings. Direct prior employer of First Capital's CEO and a broad-based competitor in retail wealth and treasury.
Commercial Bank of Ceylon PLC: Sri Lanka's largest private-sector commercial bank, with extensive treasury, capital-markets and wealth-management operations. Sets the scale benchmark against which non-bank investment institutions like First Capital compete.
Hatton National Bank PLC (HNB): One of Sri Lanka's largest private commercial banks, with capital-markets, treasury and wealth-management operations that overlap with First Capital's segments. Larger balance sheet and broader distribution provide a benchmark for scale-driven competition.
DFCC Bank PLC: Sri Lankan development and commercial bank with investment-banking, treasury and project-finance capabilities. Overlaps with First Capital's Primary Dealer, corporate-finance and fixed-income fund businesses.

Direct peers

NDB Bank PLC (formerly NDB Investment Bank): Sri Lankan bank with a strong investment-banking and capital-markets heritage, offering corporate finance, equity/debt capital raising and project finance. Direct competitor to First Capital's corporate finance and advisory business.
Softlogic Capital PLC: Colombo-listed diversified financial holding with capital markets, asset management and stockbroking subsidiaries. Closely comparable structure to First Capital Holdings, and CEO Dilshan Wirasekara's prior employer, making it the most directly comparable Sri Lankan peer.
CT CLSA Securities (Pvt) Ltd: Joint venture between Ceylinco and CLSA offering Colombo Stock Exchange brokerage and research. Direct competitor to First Capital Equities on equity execution, with overlapping retail and institutional clients.
Acuity Stockbrokers (Pvt) Ltd: Independent Sri Lankan stockbroker offering CSE trading, margin financing and corporate finance advisory. Direct peer to First Capital in the brokerage and SME advisory segments.
John Keells Stock Brokers (Pvt) Ltd: Stockbroking arm of John Keells Holdings, one of Sri Lanka's largest conglomerates. Competes directly with First Capital Equities for Colombo Stock Exchange volume and IPO retail allocations.
Capital Alliance PLC: Colombo-listed investment company focused on portfolio management, corporate finance advisory and unit-trust distribution. Closest comparable in Sri Lankan unit-trust and asset-management competition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

First Capital compliance and trust

Trust signal

Compliance10 records

First Capital financial estimates

Financial estimate

Revenue estimate

Valuation estimate

First Capital leadership team

Management profile

Number of profiles

Profiles17 records

First Capital subsidiaries and ownership

Company hierarchy

Subsidiaries4 records

First Capital funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

First Capital M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about First Capital

What does First Capital do?

Is First Capital a public or private company?

First Capital is a public company. It is classified as public and is currently operating.

When was First Capital founded?

First Capital was founded in 1992. It employs 101 to 250 people.

Where is First Capital based?

First Capital is headquartered in Colombo, Sri Lanka, in the Asia region.

How does First Capital make money?

Seven revenue lines are on record. Trading Income - Government Securities are the primary driver. The others are trading Income - Equities, net Interest Income, unit Trust Management Fees, corporate Finance Advisory, stock Brokering and private Wealth Management.

Who are First Capital's main competitors?

Broad incumbents on record are Nations Trust Bank PLC, Commercial Bank of Ceylon PLC, Hatton National Bank PLC (HNB) and DFCC Bank PLC. Direct peers are NDB Bank PLC (formerly NDB Investment Bank), Softlogic Capital PLC, CT CLSA Securities (Pvt) Ltd, Acuity Stockbrokers (Pvt) Ltd, John Keells Stock Brokers (Pvt) Ltd and Capital Alliance PLC.

Does First Capital have an API?

No public API is recorded for First Capital.

What industry is First Capital in?

First Capital's product category is Investment Banking. Its primary akta.pro industry code is FSACAFAK, Equity Capital Introduction & Prime Services, with a secondary code of FSAAABAI, Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit). Its NAICS code is 523940 and its SIC code is 6211.