JAT Holdings PLC Celebrates 30 Years of Success, Recognizes Outstanding Retail Partners
JAT Holdings PLC, Sri Lanka’s market leader for wood coatings, recently hosted the JAT Retail Partners Night 2023, at Monarch Imperial, Kotte. This event, which also coincided with JAT’s 30th anniversary, brought together over 450 distributors and retail partners from across the island, honouring their invaluable contribution to JAT’s success over the past three decades. High-ranking representatives from JAT Holdings PLC’s corporate and senior management teams, including Founder and Managing Director, Aelian Gunawardene, were also present at the event.
The evening was filled with exciting entertainment performances, customer testimonial videos and inspiring speeches, culminating in the presentation of a range of awards to recognize the exceptional achievements of JAT’s top retail partners. These partners, acknowledged as Gold, Silver and Bronze Achievers, were recognized for their outstanding sales contributions during FY 2022/23, based on their annual sales volumes of JAT products, which have helped to shape JAT Holdings PLC’s exceptional business performance.
Speaking at the event, CEO, Nishal Ferdinando, highlighted JAT’s remarkable achievement of reaching a revenue milestone of 10 billion rupees, and emphasized the Group’s resilience and success despite the challenging economic conditions. Mr Ferdinando expressed optimism for the future, while also discussing upcoming product developments and expansion plans in South Asia and Africa saying, “We are committed to enhancing our competitive advantage and solidifying our position as the market leader. Our upcoming ventures include the realization of our binder and alkyd resin manufacturing plants in Sri Lanka and Bangladesh, together with a number of other strategic moves, whilst also continuing to focus on the strategies that have worked so well for us amidst the worst economy we have ever had to face.”
Recognizing the vital role played by JAT’s retail partners, Director of Sales and Technical, Wasantha Gunaratne emphasized the importance of strong partner relationships, quality products, technical support and exceptional customer service, “Our success is a testament to the dedication and commitment of our retail partners over the past 30 years, and the quality of our products. We are grateful for their unwavering support and are proud to celebrate their achievements alongside our own.”
The JAT Retail Partners Night 2023 celebrated the remarkable journey of JAT Holdings over the past three decades and showcased its close collaboration and ties with retail partners. The Group remains dedicated to delivering excellence through its cutting-edge products, services and unmatched customer support. With a dominant market position in Sri Lanka and the region, JAT Holdings continues to expand its presence and venture into new markets across South Asia.
JAT Holdings PLC is the market leader in wood coatings and brushes in Sri Lanka, with a dominant presence in the paints, and luxury home and office furnishing sectors. With two state-of-the-art manufacturing facilities, located in Sri Lanka and Bangladesh, supported by an advanced Research and Development Centre in Sri Lanka, JAT Holdings continues to fuel innovation, solidifying its position as a key player and emerging conglomerate in the region. Recognized for its financial stability, even in times of adversity, JAT Holdings PLC has been awarded a National Long-Term Rating of ‘AA(lka)’ by Fitch Ratings, whilst also being prestigiously ranked as the No. 1 Most Awarded Entity in the Diversified Sector by LMD. JAT Holdings’ commitment to its employees and workplace excellence has also been recognized through its certification as a Great Place to Work, making it an employer of choice.
