Vallibel One

What Vallibel One does

Vallibel One PLC is a publicly listed diversified investment holding company incorporated in Sri Lanka in 2010 and traded on the Colombo Stock Exchange under the ticker VONE.N0000. The group operates through wholly-owned subsidiaries across five primary verticals: ceramics, tiles and bathware (Royal Ceramics Lanka/Rocell, Lanka Tiles, Lanka Walltiles, Lanka Ceramic); construction finishing and aluminium (Swisstek, Swisstek Aluminium); financial services (LB Finance PLC); travel, logistics and hardware distribution (Delmege); and hospitality (The Fortress Resorts PLC). Manufacturing and packaging operations are conducted through Unidil. The group is controlled by Chairman Dhammika Perera and headquartered at the World Trade Center in Colombo.

The group's revenue mechanics are mixed: manufacturing and trading subsidiaries generate product revenue (tiles, ceramics, bathware, aluminium, chemicals and raw materials) through direct sales, showrooms, and retail distribution including a newly opened Maldives showroom (February 2025). LB Finance generates interest and fee income from lending and deposit-taking across a domestic branch network. Delmege earns transaction-based income from airline ticketing, visa facilitation, inbound/outbound tours, travel insurance, and franchise partnerships (Hettich, Shell Lubricants). Fortress Resorts generates recurring hospitality revenue. Group-level pricing is not publicly disclosed; individual subsidiaries maintain their own pricing structures. Digital transformation is positioned as a strategic enabler across the portfolio.

In FY25 the group reported turnover of Rs. 122.8 billion and profit after tax of Rs. 16 billion. The portfolio includes the 175-year-old Delmege brand. Vallibel One has been actively expanding through new international showrooms, strategic partnerships with global brands (Shell, Toyota Lanka, Hansgrohe & AXOR), capital raises at the subsidiary level (Swisstek Aluminium Rights issue >Rs. 800 million), and board renewal including four new director appointments in 2025 and the addition of ex-professional banker Jonathan Alles as Independent Non-Executive Director.

Name

Vallibel One

Legal name

Vallibel One PLC

Website

https://vallibelone.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Vallibel One PLC is a Sri Lankan publicly listed diversified holding company controlling subsidiaries in tiles and ceramics, construction finishing, financial services (LB Finance), travel and logistics (Delmege), hospitality, and manufacturing, serving both B2B and B2C customers across Sri Lanka and the Maldives.

Ownership category

akta.pro rank

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Manufacturing & Trading: Multiple manufacturing subsidiaries producing tiles, ceramics, bathware, aluminium products, and chemical/raw material distribution through companies like Royal Ceramics Lanka, Lanka Tiles, Lanka Walltiles, Lanka Ceramic, Swisstek, and Unidil
2. Financial Services: LB Finance PLC provides financial services including lending and deposit taking
3. Travel & Tourism Services: Delmege Group provides travel services including airline ticketing, visa facilitation, outbound and inbound tours, and travel insurance solutions
4. Hospitality: The Fortress Resorts PLC operates hospitality and resort services

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Vallibel One PLC is a publicly listed diversified investment holding company incorporated in 2010 in Sri Lanka. The company operates through a portfolio of subsidiaries spanning ceramics and porcelain tiles, bathware, aluminium products, financial services, travel and tourism, hospitality, and packaging. It manages strategic equity holdings and directs the operational and financial performance of its group companies across multiple industry sectors.

Product overview

Vallibel One PLC is a diversified holding company incorporated in Sri Lanka in 2010, operating multiple subsidiary brands across distinct industry sectors including tiles and ceramics (Lankatiles, Rocell, Lanka Walltiles, Lanka Tiles, Lanka Ceramic), construction finishing (Swisstek, Swisstek Aluminium), bathware (Rocell Bathware), financial services (LB Finance), travel and logistics (Delmege), hospitality (Fortress Resorts), and manufacturing (Unidil). The company does not offer a single unified product but rather manages a portfolio of independent sub-brands, each serving different market segments from construction materials to financial services.

Differentiator

Problem solved

Functional benefit

Brands

• Swisstek Aluminium: Aluminium products for construction industry
• Rocell Bathware
• Delmege
• Unidil
• Lankatiles
• LB Finance
• Fortress Resorts
• Swisstek
• Rocell

Products and services

• Royal Ceramics - Ceramics and Porcelain Tiles
• Lanka Tiles - Ceramic Tiles
• Lanka Walltiles - Wall Tiles
• Vallibel Bathware - Bathware Products
• Vallibel Aluminium - Aluminium Products
• LB Finance - Non-Banking Financial Services
• Delmege Forsyth & Co. - Travel and Tourism
• Fortress Resorts - Hospitality Services
• Uni-Dil Packaging - Flexible Packaging

Quantifiable outcome

• Rs. 122.8 billion turnover in FY25
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• Delair Travels (Rebranded as Delmege Travels)coreChannel Partner/ Reseller/ Distributor · 18 September 2025Delmege rebranded Delair Travels to align with the Delmege Group's unified brand identity, continuing airline ticketing, visa facilitation, outbound and inbound tours, and travel insurance services.
• Toyota Lanka Ltd.coreStrategic or Co-development Partner · 18 June 2025LB Finance PLC entered a strategic partnership with Toyota Lanka Ltd., the sole authorised distributor for Toyota vehicles, signing a strategic MoU for mutual business development.
• Shell LubricantscoreStrategic or Co-development Partner · 11 June 2025Delmege, one of Sri Lanka's most trusted and diversified conglomerates, hosted an event on 11 June 2025 at the Shangri-La Hotel, Colombo, to mark a significant milestone in its partnership with globally renowned energy brand Shell.
• HettichminorChannel Partner/ Reseller/ Distributor · 18 May 2025Delmege announced a strategic franchise partnership with Hettich to introduce full range of hardware solutions, revolutionising the local industry.
• Vidyartha RugbyminorGTM or Marketing Partner · 6 May 2025Swisstek Ceylon PLC partnered with Vidyartha Rugby to elevate school sports, demonstrating corporate social responsibility engagement.
• Hansgrohe & AXORcoreStrategic or Co-development Partner · 24 February 2024Royal Ceramics Lanka PLC (Rocell) collaborated with Hansgrohe & AXOR, world-renowned German brands, to unveil the first live shower regional experience.
• NSBM Green UniversityminorStrategic or Co-development Partner · 16 August 2023Vallibel One PLC signed MOU with NSBM to foster industry Partnership Programme for Career and Entrepreneurship (NFORCE), aligning with visionary ideals that true richness comes from education and knowledge.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Softlogic Holdings PLC: Sri Lankan conglomerate with retail, healthcare, IT, automotive, and financial services interests. Comparable as a diversified holding company operating across consumer and financial services verticals.
• Hemas Holdings PLC: Sri Lankan diversified conglomerate spanning FMCG, healthcare, mobility, and leisure. Comparable as a publicly listed holding company with operating subsidiaries across consumer-facing sectors and a finance/leisure vertical.
• Carson Cumberbatch PLC: Long-standing Sri Lankan conglomerate with interests in plantations, real estate, leisure, and investments. Comparable as a diversified holding company with cross-sector portfolio and similar legacy structure.
• Sunshine Holdings PLC: Sri Lankan diversified conglomerate with healthcare, consumer goods, and agribusiness subsidiaries. Comparable as a publicly listed holding company managing multiple operating companies in unrelated sectors.
• LOLC Group: Leading Sri Lankan conglomerate with financial services at its core (including microfinance and insurance) and diversified holdings across plantations, leisure, and technology. Comparable as a diversified holding company with a major financial services subsidiary.
• John Keells Holdings PLC: Sri Lanka's largest listed conglomerate with operations in leisure, consumer foods, retail, transportation, and financial services. Directly comparable as a publicly traded diversified holding company controlling multiple listed subsidiaries across unrelated sectors.
• Bukit Darah PLC: Sri Lankan conglomerate with operations in oil, leisure, financial services, and consumer goods. Comparable as a publicly listed holding company with a cross-sector portfolio of operating subsidiaries.
• Expolanka Holdings PLC: Sri Lankan conglomerate with logistics, freight, and export-oriented manufacturing. Comparable as a publicly listed holding company with operating subsidiaries spanning logistics and industrial sectors.
• Melstacorp PLC: Sri Lankan conglomerate with interests in beverages (via Distilleries), plantations, telecommunications, and financial services. Comparable as a closed/controlled diversified holding company with cross-sector strategic investments.

Others

• Royal Ceramics Lanka PLC (Rocell): Wholly-owned subsidiary of Vallibel One but a separately listed tile and bathware manufacturer. Relevant as a focused comparable for the tiles/ceramics sub-segment if listed independently.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/VallibelOne
• LinkedInlinkedin.com/company/vallibeloneplc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries12 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 Vallibel One