Ishara Nanayakkara

Ishara Chinthaka Nanayakkara is a Sri Lankan entrepreneur and businessman. As of December 2019, he is the current richest man in Sri Lanka.[1] He is currently serving as the deputy group chairman of the LOLC.[2] His father Rajah Nanayakkara was also a prominent businessman and he died in 2017 at the age of 77.[3]

Ishara Nanayakkara - Sri Lanka
NationalitySri Lankan
EducationDandenong College
OccupationBusinessman
Net worthUS$ 575million

Biography

Ishara's father Rajah was an entrepreneur and founded the automobile industry Ishara Traders in 1973 which is now regarded as the pioneer in importing reconditioned repaired vehicles from Japan to Sri Lanka.[4] Ishara at his teenage was sent to Japan for extensive training. He holds a diploma in Business Accounting from Australia's Dandenong College.

Career

Ishara pursued his career into financial services and started investing in finance companies such as LOLC. He was also appointed to your Board of Directors of LOLC in 2002. He also served as deputy chairman of Lanka Orix Finance from 2011 to 2018 and was appointed as the chairman of Browns Investments in 2013.[5] In September 2018, he resigned from the Board of Directors of Seylan Bank.[6]

He was appointed as chairman of LOLC in 2018 after previously serving as a board member from 2002 to 2018. Under his leadership, LOLC also reached total assets amounting to 1.008 trillion as of December 2018.[7][8] In 2019, he eventually toppled Dhammika Perera to become the richest person in Sri Lanka after a Korean bank came forward with an interest and intention to buy the LOLC's subsidiary Cambodian microfinance arm for a staggering US$603.4 million.[9][10][11] His Browns Healthcare was acquired by another business magnate Harry Jayawardena for 1.6 billion in February 2020.[12]

He received the prestigious Young Entrepreneur of the Year award at the Asia Pacific Entrepreneurship Awards in 2012.

gollark: I don't think anyone is going to take claims that influenza is not contagious very seriously unless you have extremely good evidence and an explanation of how *else* flu pandemics work.
gollark: People are very bad at actually preparing for possible threats.
gollark: Insisting on a solution which absolutely covers all cases and refusing to acknowledge ones that don't is very harmful.
gollark: No solution is perfect. Nobody is claiming it's perfect. But it's better than nothing.
gollark: Then you won't know about them, I guess. In the US and EU and whatever they're pretty common, though.

References
  1. "Chairman of LOLC becomes richest person in SL". Retrieved 2020-06-06.
  2. "LOLC | The Board of Directors". www.lolc.com. Retrieved 2020-06-06.
  3. "Rajah Nanayakkara no more". www.dailymirror.lk. Retrieved 2020-06-06.
  4. "Sri Lanka's LOLC prepares to sell its biggest overseas unit". bizenglish.adaderana.lk. Retrieved 2020-06-06.
  5. MarketScreener. "Ishara Chinthaka Nanayakkara - Biography". www.marketscreener.com. Retrieved 2020-06-06.
  6. LBO (2018-09-05). "Ishara Nanayakkara resigns from Seylan Bank Board". Lanka Business Online. Retrieved 2020-06-06.
  7. "LOLC joins the 'trillion' club | Daily FT". www.ft.lk. Retrieved 2020-06-06.
  8. "Unravelling LOLC's mega success with Ishara and Kapila | Daily FT". www.ft.lk. Retrieved 2020-06-06.
  9. "Ishara Nanayakkara becomes the richest man in Sri Lanka". LankaTalks. 2020-01-03. Retrieved 2020-06-06.
  10. "Ishara shuns 'richest man' tag; says 'accolade, but not goal' | Daily FT". www.ft.lk. Retrieved 2020-06-06.
  11. "Korean bank to buy control of LOLC's Cambodian microfinance arm for $ 603.4 m | Daily FT". www.ft.lk. Retrieved 2020-06-06.
  12. "Harry buys Ishara's Browns Healthcare for Rs. 1.6 b | Daily FT". www.ft.lk. Retrieved 2020-06-06.
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