He is the founding Chairman of the Vallibel One Group and has been the managing director of it since and also currently the Deputy chairman of Hayleys. He owns one of 50 limited edition Bentley Mulsanne Hallmarks. He is also known for frequently addressing the required policy framework for the country.
Dhammika was born in at a private hospital in Katukurunda Nursing Home in Payagala. His father was a grocery businessman and his mother was a school teacher. In , he was living with his paternal uncle who was running a cafe at Pettah. He pursued his primary and secondary education at the Taxila Central College, Horana. Perera enrolled in the National Diploma in Technology NDT program at the Institute of Technology, University of Moratuwa during the time of civil war before dropping out later to pursue his business ventures.
Valibel One was one of the most successful IPOs and it commenced trading on the Colombo Stock Exchange, what was the thinking behind this and how was the response? When we went into the stock market and issued the shares at a price of Rs 25 each, we gave the private placement for Rs 25 and the public for Rs 25 as well. There are three types of investors and to all three we gave the same price as such the investors in Sri Lanka are very happy.
My strength is my ability to use mathematical models and structures to evaluate companies therefore I am able to evaluate any company in the world within 20 minutes. You have entered into the garment sector through the acquisition of Orit. During when there is a slow down in the sector why did you decided to get into this area? What was the status of the company at the time of the take-over?
Industries move from country to country. If we look at the garment industry high end fashion does not suffer even if the per capita is USD 8,, therefore this industry can survive. Our country is still with a per capita income of USD 2, therefore garment factories that are producing high end fashion still have the opportunity for another 20 years.
Low end apparels can be manufactured by any low income earning country and the industry is moving in that direction. Therefore Sri Lanka also has the opportunity to produce high end fashion and I am sure others too will follow suit and invest in the industry.
Orit consists of eight factories employing 6, staff. That is why I say that high end fashion has a future. Entry into the education sector can also be seen. Yes, but we are still studying this area to see in what way and level we can enter this field. We hope that in the future once the Government has put in place its regulations we will see what opportunities are there and enter this field.
Currently through Sampath Bank we are studying the possiblity of providing loans to students interest free where they can repay the money once they qualify and secure employment. My parents guidance. When we were little we were given an allowance for the entire month. Therefore we had to be very careful. That taught us the value of money. From grade three I received an allowance which taught me how to spend for what I need, not only me but my two younger borthers and sister. I personally look into all the plans and information before making a decision.
No decision is made without my approval. It is only once I have done my anaylsis that we go into detailed evaluations. No I have no political ambitions but I wish to do the maximum I can as an official to develop the country under the leadership of His Excellency President Mahinda Rajapaksa. You are also involved in many CSR projects. Not many people know about this. Can you elaborate? Our CSR projects go directly to the community. We do not engage in social service for publicity or to fund officers of the project.
The entire staff works not for financial gains and the funds go directly to who it should go to - the community. We started the CSR projects in and we will continue to support those who need our assistance the most. You are person who believes in auspicious times, how has this strengthened you? I only believe in the Rahu Kalaya. I dont believe that much in Neketh but on any given day I will start a business during the good time of the day.
I am from Payagala in Kalutara. My father was a businessman and my mother was a teacher. I have two brothers and a sister. My paternal grandfather was the wealthiest person in the village. I was born in a private hospital by the name of Katukurunda Nursing Home as far back as At that time the bill was Rs , this is a time when a car was Rs 3, My family consists of my wife and three daughters.
What I can tell everyone is that if you have a life that is focussed and if you are committed then anyone can achieve greatness. The country has reached that stage where there are opportunities for everyone. We have made many plans for the future. We know that the Sri Lankan economy is moving in the positive direction.
But in international business we have to look at the world economy and monitor but with the Sri Lankan economy we do not have to worry. As I mentioned previously I am not a trader but an investor. Therefore I will continue to invest in new and innovative ventures as well as acquire existing companies and conglomerates. It's my pleasure to read one of the interviews by Mr. You are truly a asset to our nation.
And proud of you. I was fortunate enough to talk to you long time ago when you first came to see the Quality seed Co Boralanda. I was fortunate enough to escort you that day. And it was the day I became your fan due to your very charming but attractive leader ship qualities. True life story which is very useful for young entrepreneurs to build. Best regards Mr. Dammika Perera on your successful journey.
I am really proud of you as a Srianken, I just feel that you have filled up the vacuum which left after Upali Wijewardana. Just to share some of my feeling about damila perera and his humbleness.. Very very interesting and valuable Article which i have read so far, i think Mr.
Dammika perera is also a kind of Model which every one can follow who are interested in doing business, as he has frankly said for anything in our life there should be a comprehensive plan which drives our life. Wish you all the very best to overcome your future plans too.
Inventors are the wealth creators of the country. Traders comes second. But in Sri Lanka it is opposite. For last 66 years of independence shamefully Sri Lanka exports only 1.
Who is care of them? Only inventors commission? As I am from a family I am in their fourth generation My great grand fathers transferred te. It was very interesting and inspiring when reading this great interview. The every individual has to develop their own plan to achieve the success. Wish you all the best Mr. Dear MR Perera. You have a good opportunity for join with insurance industry. Good Luck. It's amazing to know that Dammika was a simple man like everyone else with only committed dreams.
He turned his dreams into reality by hard work and utter commitment. If everyone can do this , Sri Lanka will be a dynamic country with dynamic people like Dammika. I wish him well, but I want to tell him that he needs to look after hi s health, because ultimately it will catch up.
Dear Mr. Dhammika, This is the first time I came across this type of unbelievable success story from a Sri Lankan. As an Audit trainee I have handled Hayleys and Delmage during - I have observed that most of the Top level people were in a very comport zone, they never go in to details simply having monthly meetings.
Most of the strategies I used are almost similar to your model, I too go by numbers and take very quick decisions based on the answer. Wish you all the best! Dhammika Perera gives us a model for business owners on moving from a false vision of chaotic conglomeration, to a more accurate one: that life is an methodical collection of individual linear systems each of which can be improved and perfected. Inspiration to all leaders. Shift from so called "managers" to leaders well explained above.
Its all about attitude by which even you can begin to control the uncontrollable elements. Dear DhammikaCongratulation! You deserve it! Beyind this front-stage heroic moves and achievements is a hidden back-stage invisible make-up within Dhammika Just would feel priveleged to talk to him. No doubt Dhammika is a successful businessman. But i believe the driving force behind his business is Nimal perera who is the owner of N-Capital.
What i feel is that Dhammika is a very aggressive businessman when it comes to making decisions about business. Nicely done article. We can also call Dhammika Perera as the most successful University of Moratuwa dropout.
Like Bill Gates Harvard's most successful dropout. Perera,To read into your story is so encouraging and indeed inspiration to many who aspire to climb corporate ladder or to build their own business. It is really encouraging to see how you have developed the businesses since you took over. I really agree with you Good example is Sampath Bank.
Dhammika Perera: Awakening The Giants. VIEWS He also ventured into large scale businesses and decided to purchase and take over the ownership of Royal Ceramics in at the time when the company was making losses and he became the owner of it in He also notably purchased the Pan Asia Bank in at a time when the bank was regarded as a loss-making financial institution.
He also partnered with popular investor Nimal Perera after acquiring the Pan Asia Bank in and the duo became arguably the most successful pioneers of the Sri Lankan economy post the Civil War. He has been the executive director of Vallibel Finance since He became the chairman of Lanka Tiles in and was appointed as the co-chairman of Singer Sri Lanka in October after Hayleys agreed to buy Singer.
He was also appointed as chairman of the Board of Directors of Lanka Wall tiles in In July , Dhammika Perera and his company Hayleys were accused of earning income through a garbage scam which became a controversial issue after tonnes of garbage were imported and dumped into the country from the UK. Check Out: Top 5 richest rappers in the world. Calling for a press conference on the 22nd of July , the managing director of Hayleys Advantis Limited, Ruwan Waidyaratne, categorically denied the allegations levelled against the company in connection with importing garbage to Sri Lanka.
In relation to container loads of used mattresses that were stored at their Free Zone yard premises, the company clarified that the mattresses were imported by Ceylon Metal Processing Corporation Pvt Limited, who is the actual owner of the cargo.
Earlier, Mr. Perera had joined Texla Central College, Horana for studies from where he moved on to the University of Moratuwa to continue his studies but it was not to be, as he dropped out of the institute of technology where he was pursuing his Diploma in Technology to pursue his business dreams. Beginning with investing in share market, Mr. Perera came up with an enterprising year plan in Being a man of clear vision and quick judgement, Mr.
Perera has made some unwavering business decisions.
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