Licensed by the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act No. 42 of 2011

Corporate Information

A public limited liability company listed on the Colombo Stock Exchange, Mercantile Investments and Finance PLC was incorporated on 15 June 1964 and domiciled in Sri Lanka.

The Company is a Licensed Finance Company in Sri Lanka regulated under the Finance Business Act No. 42 of 2011. The Company was re-registered under the Companies Act No. 07 of 2007. The registered office of the Company is located at No. 236, Galle Road, Colombo 03.

The staff strength of Mercantile Investments and Finance PLC was 738 as at 31 March 2016.

  • Name of the Company

    Mercantile Investments and Finance PLC

  • Legal Form

    Public Limited Liability Company incorporated in Sri Lanka under the Companies Ordinance No 51 of 1938 and re-registered under the Companies Act No. 07 of 2007. A licensed finance company under the Finance Business Act No.42 of 2011.

  • Company Registration Number

    PB 76 PQ

  • Tax Payer Identification Number

    104021794

  • VAT Registration Number

    104021794 7000

  • Registered Office

    No. 236 Galle Road,Colombo 3

  • Head Office

    No. 236 Galle Road, Colombo 3
    Telephone: 2343720 – 7
    Fax: 2434524
    Email:mercantile@mi.com.lk
    Website: http://www.mi.com.lk

  • Board of Directors

    Saroja Hemakumar Jayawickrama Weerasuriya (Chairman)
    Gerard George Ondaatjie (Managing Director)
    Pathiranage Mahes Amarasekara (Deputy Managing Director)
    Shermal Hemaka Jayasuriya (Finance Director)
    Angeline Myrese Ondaatjie
    Travice John Ondaatjie
    Punyakanthi Tikiri Kumari Navaratne
    Nawagamuwage Hasantha Viraj Perera
    Singappuli Mudiyanselage Susantha Sanjaya Bandara
    Pathmanathan Cumarasamy Guhashanka

  • Company Secretary

    Sonali Pethiyagoda

  • Audit Committee

    Singappuli Mudiyanselage Susantha Sanjaya Bandara – (Chairman of the Committee )
    Saroja Hemakumar Jayawickrama Weerasuriya
    Nawagamuwage Hasantha Viraj Perera
    Sonali Pethiyagoda – (Company Secretary / Secretary to the Committee)

  • Credit Committee

    Gerard George Ondaatjie (Chairman of the Committee )
    Pathiranage Mahes Amarasekara
    Shermal Hemaka Jayasuriya
    Dhanushka Fonseka – Director (Non-Board) – Credit and Marketing (Secretary to the Committee)

  • Remuneration Committee

    Saroja Hemakumar Jayawickrama Weerasuriya (Chairman of the Committee )
    Nawagamuwage Hasantha Viraj Perera
    Punyakanthi Tikiri Kumari Navaratne
    Sonali Pethiyagoda (Secretary)

  • Nominations Commitee

    Saroja Hemakumar Jayawickrama Weerasuriya (Chairman of the Committee )
    Gerard George Ondaatjie
    Singappuli Mudiyanselage Susantha Sanjaya Bandara
    Nawagamuwage Hasantha Viraj Perera
    Sonali Pethiyagoda (Secretary)

  • Integrated Risk Management Committee

    Nawagamuwage Hasantha Viraj Perera (Chairman of the Committee)
    Gerard George Ondaatjie
    Pathiranage Mahes Amarasekara
    Shermal Hemaka Jayasuriya
    Shehan Sandanayaka – Manager – Risk and Compliance (Secretary to the committee)

  • Assets & Liability Committee

    Gerard George Ondaatjie (Chairman of the Committee )
    Pathiranage Mahes Amarasekara
    Shermal Hemaka Jayasuriya
    Corporate Management
    Shehan Sandanayaka – Manager – Risk and Compliance (Secretary to the committee)

  • Related party transaction review committee

    Singappuli Mudiyanselage Susantha Sanjaya Bandara (Chairman)
    Saroja Hemakumar Jayawickrema Weerasuriya
    Nawagamuwage Hasantha Viraj Perera
    Sonali Pethiyagoda (Secretary)

  • External Auditors

    BDO Partners – Chartered Accountants

  • Internal Auditors

    Ernst & Young – Chartered Accountants

  • Bankers

    Commercial Bank of Ceylon PLC
    Hatton National Bank PLC
    Seylan Bank PLC
    Sampath Bank PLC
    NDB Bank PLC
    Nations Trust Bank PLC
    HSBC Ltd
    Peoples Bank
    Bank of Ceylon
    ICICI Bank Ltd
    Union Bank PLC
    Pan Asia Bank PLC

  • Credit Rating

    BBB – (lka) assigned by Fitch Ratings Lanka Limited

    Long term Financial institution rating by BBB – (lka) (stable outlook) by Fitch Ratings

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