Idea Group CEO/MD Sampath Mayakaduwa wins 2 Golds at Best Entrepreneur of the Year 2017
View(s):Sampath Mayakaduwa, CEO/Managing Director of Idea Group Ltd was conferred with two Gold awards at the 22nd edition of the ‘Best Entrepreneur of the Year 2017’ awards ceremony held recently at the BMICH. It was organised by the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL).
Sampath Mayakaduwa, CEO/Managing Director, Idea Group with his two ‘Best Entrepreneur of the Year 2017’ Gold awards
In the presence of President Maithripala Sirisena as the chief guest, Mr. Mayakaduwa emerged victorious by winning the two Gold awards for the Provincial Gold award (Extra Large Category – Western province) and National Gold award (Extra Large Category).
Best Entrepreneur of the Year awards ceremony is held annually to recognise and award entrepreneurs who excel in their endeavours in a unique manner.
A media release from his company said that Mr. Mayakaduwa is a creative entrepreneur and a charismatic individual with a strong passion towards introducing innovative products to the Sri Lankan marketplace. As the first step into the business arena, he started developing software apps as a business with just Rs. 2000 in hand. Admired by his innovative solutions, Tigo Phone Company obtained his services and became one of his loyal customers. To provide comprehensive service to his existing and potential customers, he commissioned his maiden company, ‘Idea Holding Pvt Ltd’ in September 2008. Along with the steady development in his software business acquired through provision of innovative software, in 2012 he diversified his business periphery to unveil the ‘SIVILIMA’ network of showrooms.
Within a short period of nine years, the Idea group of companies has developed into a successful conglomerate comprising 20 subsidiaries and assets over 5000 million rupees.
Continuing its journey to success as a socially responsible business, SIVILIMA provides domestic and commercial markets in the country with an array of green-oriented products. Idea Group of companies is the owner of the technical plans of SIVILIMA product range owning 42 Patent licenses. Moreover, the factory situated in Katana is the largest factory in South Asia that produces ASA Polymer roofing sheets. Mr. Mayakaduwa also holds ownership of the biggest company in Sri Lanka that produces accessories for doors and windows and the largest showroom network of Sri Lanka which amounts to over 400 “SIVILIMA” showrooms throughout the island.
Mr. Mayakaduwa has also written the popular book titled,’Mudal Aakarshanaya’ (Money Attraction) in 2009 and also contributed towards mitigation of the destruction of the forestry by introducing optional green- oriented products. The group is now targeting sales turnover of Rs. 10 billion in 2018.