Lanka ORIX Leasing Company PLC

What Lanka ORIX Leasing Company PLC does

Lanka ORIX Leasing Company PLC, operating as LOLC Holdings PLC (Colombo Stock Exchange ticker: LOLC), is a publicly listed diversified conglomerate headquartered in Colombo, Sri Lanka. Founded in 1980 as Sri Lanka's pioneer leasing company, LOLC transitioned to a holding company structure in 2011 and now operates across four decades of accumulated subsidiaries spanning financial services, leisure and hospitality, agriculture and plantations, manufacturing and trading, construction, digital technology, and mining. The Group reports FY 25/26 gross income of $1.4Bn, total assets of $7.3Bn, profit before tax of $76.8Mn (with 80% from overseas operations), and serves 1.2 million borrowers through 735 branches across 27+ countries spanning South and Southeast Asia, East, West, Southern and Central Africa, Central Asia, the Middle East, and Oceania.

LOLC's core platform is anchored in inclusive finance, with LOLC Finance PLC serving as Sri Lanka's largest non-bank financial institution. The financial services vertical encompasses Islamic finance (LOLC Al-Falaah), life and general insurance, securities trading, factoring, and country-specific microfinance subsidiaries. The Group's proprietary technology stack includes OASYS (cloud-based business process automation developed by LOLC Technologies), iPay (real-time payment gateway), Fusion X (next-generation banking suite supporting open banking), and OYES (fintech salary-advance platform using attendance and payroll data). The technology subsidiary partners with Oracle, Microsoft, and AirWatch and holds ISO 27001/9000/20000 certifications, with the OASYS platform now being commercialized externally through Sanfer Technologies.

Beyond financial services, LOLC operates 16 hotels with 1,369 keys across Sri Lanka, the Maldives, and Mauritius (under brands including Browns Hotels & Resorts, Barceló-managed properties, and Radisson Blu), produces approximately 100 million kilograms of tea annually across Kenya, Tanzania, Rwanda, Sri Lanka, and China (via Browns Plantations, Lipton Teas and Infusions, Maturata Plantations, and Browns Plantation Guizhou), runs Sunbird Sierra Leone (sugarcane and 32MWh power generation), and holds strategic stakes in Seylan Bank (38%), HDFC Bank (15%), and Sanasa Development Bank (15%). Recent diversification includes Browns EV (electric mobility, 2025), Ceylon Graphene Technologies (advanced materials JV with SLINTEC), and LOLC Geo Technologies (graphite mining). The Group generates revenue through interest income on lending (microfinance/MSME loans), insurance premiums, hospitality operations (transaction fees), agricultural commodity sales, payment platform transaction fees, and manufacturing/trading revenue from subsidiaries consolidated through Brown & Company PLC.

Name

Lanka ORIX Leasing Company PLC

Legal name

Lanka ORIX Leasing Company PLC

Website

https://lolc.lk

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

101–250 employees

Short description

Publicly listed Sri Lankan conglomerate (LOLC Holdings PLC) operating the country's largest non-bank financial institution alongside international microfinance subsidiaries in 27+ countries, serving 1.2 million MSME and bottom-of-pyramid borrowers through 735 branches, with diversified revenue from financial services, hospitality, tea plantations, manufacturing, and digital fintech platforms.

Ownership category

akta.pro rank

Product category

Diversified Financial Services and Microfinance

NAICS

Automotive Equipment Rental and Leasing (5321), Commercial and Industrial Machinery and Equipment Rental and Leasing (5324)

SIC

Finance Lessors (6172), Security Brokers, Dealers & Flotation Companies (6211), Services-Auto Rental & Leasing (No Drivers) (7510)

akta.pro primary industry

SME Equipment & Asset Finance (Leasing, Fleet, Capex) (FSABABAH)

akta.pro secondary industries

Commercial Fleet Leasing & Management (Trucks/Vans/LCVs) (THADAKAD), Captive/Global In-House Center (GIC) Setup & Managed Services (BPAEAMAK)

Keywords

• Microfinance services
• MSME lending
• Inclusive finance
• Non-bank financial services
• Diversified conglomerate

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Offices24 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Microfinance and MSME Lending: LOLC's core business providing microfinance loans, group loans, individual loans, and SME financing across 27+ countries. Revenue generated through interest income on lending portfolios. The company serves bottom-of-pyramid entrepreneurs and underserved communities.
2. Insurance Services: Life and general insurance products offered through LOLC Life Assurance and LOLC General Insurance. Includes customized life insurance plans, pension plans, child plans, critical illness plans, home loan protections, and all classes of general insurance products.
3. Leisure and Hospitality: Revenue from hotel operations across Sri Lanka, Maldives, and Mauritius including 16 operating hotels and properties under development. Includes room revenue, food and beverage, and related hospitality services.
4. Agriculture and Plantations: Tea, rubber, cinnamon, and sugarcane production across Sri Lanka, Kenya, Tanzania, Rwanda, and Sierra Leone. Vertical integration through agricultural solutions including agri machinery, seeds, and inputs.
5. Digital Financial Services: Revenue from technology platforms including iPay payment processing, digital banking services, and fintech solutions. Transaction fees from payment gateway services and digital product subscriptions.
6. Manufacturing and Trading: Manufacturing and distribution of batteries, generators, pharmaceuticals, machinery, hardware, home and office solutions, heavy machinery through Brown & Company acquisition. Also includes radiator manufacturing plant.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Lanka ORIX Leasing Company PLC (LOLC Group) is a publicly listed Sri Lankan diversified conglomerate that provides microfinance, MSME lending, Islamic finance, life and general insurance, securities trading, and factoring services across 27+ countries. The Group also operates 16 hotels and resorts in Sri Lanka, the Maldives, and Mauritius; produces tea, rubber, cinnamon, sugarcane and other commodities across Asia and Africa; manufactures and trades batteries, generators, pharmaceuticals, cables, and construction materials; distributes electric vehicles under the Browns EV brand; and develops proprietary fintech platforms (OASYS, iPay, Fusion X, OYES) and graphene-based advanced materials.

Product overview

LOLC Group operates as a diversified conglomerate with multiple business segments spanning financial services, leisure, agriculture and plantations, construction, manufacturing, digital technology, and mining. The core financial services offering is anchored by LOLC Finance PLC, Sri Lanka's largest non-bank financial institution, which serves as the umbrella for various sub-brands including LOLC Al-Falaah (Islamic finance), LOLC Life Assurance, LOLC General Insurance, LOLC Securities, and LOLC Factors. The Group's digital infrastructure includes iPay (real-time payment platform), Fusion X (cloud-based financial services suite for open banking), OYES (salary advance fintech platform), and OASYS (business process automation platform via LOLC Technologies). The technology subsidiaryLOLC Technologies collaborates with Oracle, Microsoft, and AirWatch. Browns EV represents the Group's entry into electric mobility with integrated financing and after-sales services. Ceylon Graphene Technologies and LOLC Geo Technologies focus on advanced materials and mining operations. Across 25+ countries, LOLC operates subsidiary microfinance institutions in Cambodia, Kenya, Pakistan, Myanmar, Philippines, Tanzania, Zambia, Nigeria, Malawi, Indonesia, Zimbabwe, Rwanda, Egypt, Kyrgyzstan, Kazakhstan, India, and DR Congo, managing a gross loan portfolio of $3.3 billion with 735 branches serving 1.2 million borrowers.

Differentiator

Problem solved

Functional benefit

Brands

• LOLC Finance: Largest Non-Banking Financial Institution in Sri Lanka providing comprehensive range of deposit and lending products
• LOLC Al-Falaah
• LOLC Life Assurance
• LOLC General Insurance
• iPay
• OYES
• Fusion X
• Browns EV
• Browns Hotels & Resorts
• Browns Plantations
• Browns Investments
• Browns Engineering
• Browns Tours
• Ceylon Graphene Technologies
• Ceylon Roots
• ChargeUP
• OASYS

Products and services

• LOLC Finance PLC
• LOLC Al-Falaah

Quantifiable outcome

• 80% of Profit Before Tax derived from overseas investments
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

14 partnerships are on record, tiered major, core and minor.

• Euro Motors Pvt LtdmajorChannel Partner/ Reseller/ Distributor · 20 April 2026LOLC Al-Falaah (Islamic finance unit) signed MOU with Euro Motors for vehicle financing through innovative and customer-centric Alternate Financial Solutions. Partnership delivers convenient tailored financing to Euro Motors customers.
• Sri Lanka Export Credit Insurance Bureau (SLECIC)majorStrategic or Co-development Partner · 7 January 2026LOLC Finance PLC partnered with SLECIC to support overseas employment financing. SLECIC provides credit guarantee through APARA scheme for Cost of Passage Advances extended to migrant workers.
• TFS Global Pty LtdmajorStrategic or Co-development Partner · 1 January 2023LOLC acquired a significant minority stake in TFS Global Pty Ltd (Australia) in 2023. In 2025, TFS partnered with LOLC to enhance capabilities and market reach in delivering innovative financial solutions.
• CHEC (China Harbour Engineering Company)coreStrategic or Co-development Partner · 1 January 2021LOLC partnered with CHEC for investment in the Colombo Port City development. This strategic partnership involves the Marina Hotel development within the Colombo Port City, positioning LOLC as a major player in Sri Lanka's new economic zone.
• Barceló Hotel GroupcoreChannel Partner/ Reseller/ DistributorLOLC has entered into a partnership with Barceló Hotel Group to construct and manage luxury resorts in the Maldives. Properties include Barceló Whale Lagoon Maldives (100 rooms), Nasandhura Palace Hotel (managed), Bodhufaru Beach Resort, and a 470-room resort in North Male Atoll. Barceló operates and manages these leisure properties.
• Lanka IOC PLC (LIOC)coreStrategic or Co-development PartnerChargeUP (EV charging arm of LOLC's subsidiary ITMC) formed strategic partnership with Lanka IOC to become its exclusive Electric Vehicle charging partner. EV charging stations will be installed across LIOC's island-wide fuel station network.
• Qingdao TELD New Energy Technology Co., LimitedcoreTechnology or IntegrationLOLC's Browns EV partnered with TELD, a global leader in EV charging solutions, to introduce advanced and scalable charging technology in Sri Lanka. TELD provides the charging infrastructure technology for Browns EV ecosystem.
• Beijing Automobile Works Co. Ltd (BAW)coreOEM/ Whitelabel/ Licensing PartnerBrowns EV partnered with BAW to bring electric vehicles to Sri Lankan market including BAW E7 Pro and BAW M8 models. BAW manufactures the EVs while Browns EV handles distribution and financing.
• PickMemajorStrategic or Co-development PartnerBrowns EV partnered with PickMe for the 'Drive to Own' initiative delivering 125 electric vehicles. PickMe provides ride-hailing services and the partnership enables vehicle ownership for drivers.
• Sanfer TechnologiescoreChannel Partner/ Reseller/ DistributorOASYS business process automation solution is distributed through Sanfer Technologies, a fully owned subsidiary of South Asian Technologies. This represents OASYS's first step toward market expansion.
• Browns AgriculturemajorStrategic or Co-development PartnerBrowns Agriculture signed MOU with Eastern University of Sri Lanka and University of Ruhuna for agricultural mechanization training program 'Sisu Nena Pahana'. Partnership focuses on practical training, applied research, and knowledge transfer.
• Wildlife and Nature Protection Society (WNPS)minorStrategic or Co-development PartnerLOLC partnered with WNPS for 5-year Sri Lankan Leopard conservation project. Partnership establishes research stations and monitoring systems for leopard conservation across identified locations.
• Sri Lanka Institute of Nano-Technology (SLINTEC)coreStrategic or Co-development PartnerCeylon Graphene Technologies is a joint venture between LOLC Group and SLINTEC for graphene and advanced material development. SLINTEC provides scientific research capabilities while LOLC provides commercial execution.
• Browns Plantations KenyacoreStrategic or Co-development PartnerLOLC acquired James Finlay Kenya (rebranded as Browns Plantations Kenya), a leading tea grower, manufacturer and supplier. Acquisition elevated LOLC to become one of the largest tea companies globally.

Scale indicators17 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Compartamos (Gentera): Gentera is a Mexican-listed microfinance holding company serving low-income entrepreneurs across Latin America. Comparable to LOLC as a publicly listed microfinance-led group with banking, insurance, and SME product extensions.
• Bandhan Bank: Bandhan Bank is one of India's largest microfinance-originated commercial banks, with deep MSME lending and a substantial deposit base. It is comparable to LOLC as a former microfinance institution that scaled into a diversified banking and lending platform across underserved customer segments.
• Sarva Haryana Gramin Bank / SHTL microfinance peers: Regional Indian microfinance institutions focus on rural and semi-urban lending. Comparable to LOLC's newly established India NBFC MFI operation as LOLC enters this market segment.
• ASA International: ASA International is a Netherlands-headquartered microfinance holding company operating across South and Southeast Asia, serving more than 2 million borrowers. It is a direct peer to LOLC's microfinance operations in Cambodia, Myanmar, Pakistan, Philippines, Indonesia, and India, with a similar small-ticket, group-lending model.
• PRASAC Microfinance Institution: PRASAC is Cambodia's largest microfinance institution, in which LOLC previously held a controlling stake before divesting to Kookmin Bank in 2020. It is directly comparable to LOLC Cambodia in market, business model, and customer segments.
• BRAC International: BRAC operates one of the world's largest microfinance and development platforms across Asia and Africa, serving low-income borrowers and MSMEs. It is directly comparable to LOLC as a multi-country, vertically integrated inclusive finance group with social mission, insurance, and enterprise development arms.
• Equity Bank Group: Equity Bank is a Kenyan-based pan-African banking and microfinance group serving MSMEs and bottom-of-pyramid customers across multiple African markets. It is comparable to LOLC's African MFIs in Kenya, Tanzania, Rwanda, Uganda, DRC, and Nigeria in targeting and product mix.
• Ujjivan Small Finance Bank: Ujjivan is an Indian small finance bank built on a microfinance foundation, serving MSMEs and underserved retail customers. Comparable to LOLC's emerging-market banking and microfinance subsidiaries in scale, customer profile, and product set.

Regional players

• John Keells Holdings: John Keells Holdings is Sri Lanka's largest listed conglomerate with operations in leisure (hotels), financial services, transportation, and consumer goods. Comparable to LOLC as a Sri Lankan conglomerate building out regional and global business segments.
• Hatton National Bank: Hatton National Bank is one of Sri Lanka's largest private commercial banks, with significant SME and consumer lending. Comparable to LOLC's strategic stake in Seylan Bank and as a domestic Sri Lankan financial services competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LOLCOfficial
• YouTubeyoutube.com/user/LOLCOfficial
• Facebookfacebook.com/LOLCHoldingsPLC
• LinkedInlinkedin.com/company/lanka-orix-leasing-company-plc
• Instagraminstagram.com/lolc.plc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries54 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 Lanka ORIX Leasing Company PLC