Hayleys ranked No. 1 in LMD 100 for 2023/24

Hayleys PLC has once again claimed the top spot in the 31st annual edition of the LMD 100, cementing its position as Sri Lanka’s No. 1 corporate. LMD 100 ranks the leading listed companies in Sri Lanka and is known as ‘Sri Lanka’s version of the Fortune 500.’

For the 9th time, the public-listed conglomerate has showcased its unmatched contribution to the national economy during a time when stability and growth are needed most. This achievement underscores the Group’s resilience and adaptability, creating value for its diverse stakeholders amid a challenging environment of economic revival.

Hayleys is one of the country’s most socio-economically impactful organisations and a leading value-added exporter, driven by the unwavering commitment of over 36,000 employees, as well as thousands of small-scale suppliers, farmers, SMEs, and other supply chain partners. The Group continues to lead responsibly by fostering sustainable growth, contributing to the national economy, and supporting communities while ensuring it operates in a manner that safeguards the environment for future generations.

“Our story is one of resilience, determination, and a belief that success can and must come with a purpose – to inspire an inclusive world and a thriving planet,” said Mohan Pandithage, Chairman and Chief Executive of Hayleys PLC. (PICTURED) “This recognition belongs to our dedicated employees, our greatest asset.”

In August 2024, Hayleys PLC retained its national long-term rating of ‘AAA (lka)’ by Fitch Ratings. Accounting for a total of 5% of Sri Lanka’s total export income, Hayleys earned USD 591 Mn foreign exchange income over the last financial year (FY2023-24). As a net exporter, 54% of group revenue was generated from exports. The Group distributed Rs. 138.6 billion in cumulative economic value towards government taxes, employee payments, lenders of capital and to shareholders – a 6.7% YoY increase. The conglomerate is recognised for its strong governance practices and has proudly been a Participant of the United Nations Global Compact since 2007.

A centrepiece of the Sri Lankan economy, Hayleys is Sri Lanka’s most diversified conglomerate, publicly listed on the Colombo Stock Exchange.